- 2 beds
- 2 baths
- 875 sqft

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 listingsNarrow 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
| Aspect | Property view | What it covers | How to use it |
|---|---|---|---|
| Available properties | Current listings and asking prices | Selected 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 transactions | Nearby completed residential sales | Within 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 context | Current area-wide asking inventory | Merritt 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
345 Sarong Circle3 bed · 2 bath · 1,050 sqft
$270,000
Sold Jul 21, 2026
397 Milford Point Drive5 bed · 4 bath · 5,615 sqft
$1,150,000
Sold Jun 5, 2026
535 Barrett Drive3 bed · 2 bath · 1,350 sqft
$440,000
Sold Apr 2, 2026
1395 Hannah Drive3 bed · 3 bath · 2,106 sqft
$775,000
Sold Mar 25, 2026
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, 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.
































