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Illustrative Florida residential exterior with a modest single-story stucco home, green lawn, palms and subtropical landscaping in soft daylight.

Merritt Island homes for sale under $500,000

Merritt Island homes for sale under $500,000, within the mapped CDP rather than the whole island or postal area. We help you compare listings and narrow your search.

Current Merritt Island listings under $500,000

15 listings

Narrow your search by price

Choose a price band within the same mapped Merritt Island search. Every band stays strictly below $500,000.

A defined Merritt Island search

Merritt Island homes for sale under $500,000 here fall within the selected mapped census-designated place, or CDP. Merritt Island is unincorporated Brevard County, separate from Melbourne, and this boundary does not cover the entire physical island or wider postal area. We keep the search focused on asking prices strictly below $500,000, without restricting property type or bedroom count. The price bands help you narrow that selection; they do not establish a property's market value. For broader location context beyond this budget-focused selection, visit our Merritt Island page.

Everyday recreation around Sykes Creek

Kiwanis Island Park gives you ways to enjoy Sykes Creek without making private waterfront access a requirement for your home search. Public boat and paddle launches support time on the water, while shoreline fishing and a fishing dock offer another way to spend an afternoon outdoors. For days on land, the exercise trail, playground and courts provide options for everyday recreation. These facilities can complement both year-round living and time at a second home. They are public park amenities, not features included with the properties shown here. As you compare homes, consider how the park fits your routine rather than assuming every listing offers the same access or convenience.

Understand the three property views

AspectProperty viewWhat it coversHow to use it
Available propertiesCurrent listings and asking pricesSelected CDP, strictly below $500,000. No property-type or bedroom restriction.Build your shortlist by budget and property needs. Asking prices are not completed-sale prices.
Completed transactionsNearby completed residential salesWithin 0.5 mile of a matching search property, over the past 12 months.Prices, residential types, bedrooms and areas may differ. These are not automatically matching comparables.
Area contextCurrent area-wide asking inventoryMerritt Island CDP, all prices and all property types, including land.Use for broader market context, not statistics for the under-$500,000 search.

Nearby residential sales within 0.5 mile: past 12 months, varied prices and home types

5 properties sold within half a mile in the last 12 months · median $440,000

Merritt Island CDP market context: all property types

Mapped Merritt Island CDP figures cover all property types, including land. Inventory and median asking price are area-wide, not this filtered selection.

For sale now
29
Median asking price
$495,000

Questions about the search and location

Questions about everyday ownership

Gaby Sadler, Property Specialist

Gaby Sadler

Property Specialist, Serhant

Find Merritt Island homes for sale with Gaby

Tell me your budget and priorities for homes under $500K in Merritt Island. I can help you compare matching properties and arrange viewings.

Find a Merritt Island home that fits your plans

Start with the listings priced strictly below $500,000, then tell us which properties interest you and what you need from your Merritt Island home. We can help you focus your search around your preferred budget, property features and location, whether you plan to live here year-round or enjoy a second home. Bring your questions about the search boundary and individual properties as you build your shortlist.

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