Merritt Island Homes under $400,000

Merritt Island Homes under $400,000

Welcome to Merritt Island, Florida—an enchanting slice of paradise nestled in Brevard County, where the beauty of nature and the warmth of community come together. This charming island community is situated between the Indian River and the Atlantic Ocean, offering residents a unique blend of coastal living and suburban tranquility. With its lush landscapes, vibrant wildlife, and proximity to the Kennedy Space Center, Merritt Island is not just a place to live; it’s a lifestyle.

For those seeking an affordable entry into this idyllic locale, Merritt Island boasts a variety of homes priced under $400,000. Whether you're a first-time homebuyer, a growing family, or someone looking to downsize, you’ll find an array of options that cater to diverse tastes and needs. From cozy single-family homes with spacious yards to modern townhouses with community amenities, there’s something for everyone.

Living in Merritt Island means enjoying the best of both worlds. Spend your weekends exploring the pristine beaches of nearby Cocoa Beach, or take a leisurely stroll through the Merritt Island National Wildlife Refuge, where you can witness the breathtaking beauty of Florida’s natural habitat. With excellent schools, shopping centers, and dining options at your fingertips, this community offers convenience and charm.

Don’t miss your chance to be part of this vibrant community. Explore the delightful homes under $400,000 in Merritt Island and discover your dream home in this beautiful coastal haven today!

Newest Merritt Island Homes under $400,000

440 Pine Boulevard, Merritt Island
$325,000
4 Beds ⋅ 2 Baths ⋅ 1089181 MLS
South Merritt Island four bedroom pool home on a oversized .35 acre lot with tons of potential. Newer roof and air conditioner with an oversized two car garage. Spanish tile and wood flooring throughout. Eat in kitchen with gas range for the chef and spacious family room with fireplace. Layout has two bedrooms on first floor, primary and addiitional bedroom with loft on the send floor. Enclosed patio that leads to the private fenced in backyard with pool that needs some TLC. Close to schools, shopping, dining and beaches.

440 Pine Boulevard, Merritt Island
4381 Timothy Drive, Merritt Island
$298,000
3 Beds ⋅ 2 Baths ⋅ 1089116 MLS
Located in Osprey Village, a gated 55+ community in North Merritt Island, this 3-bed, 2-bath home offers serene wetland and Sykes Creek views from its private screened lanai. The lanai is the centerpiece of the outdoor space, featuring stone flooring and a full outdoor kitchen. Inside, tall ceilings and wide sliding doors provide abundant natural light, with tile flooring flowing through the main living areas. The kitchen has solid wood cabinets, a breakfast bar, and a spacious pantry. The primary has sliders to the lanai, two walk-in closets, and an en suite with a double vanity, walk-in shower, and a soaking tub. All bedrooms are carpeted for comfort. The attached 2-car garage and laundry with included washer/dryer add convenience. Residents enjoy a pool, bocce ball court, and being minutes to the beaches with a great view of rocket launches. The HOA covers cable, internet, lawn care, exterior maintenance and roof replacement -- completed in 2020. Low-maintenance living awaits!

4381 Timothy Drive, Merritt Island
380 Hunt Drive, Merritt Island
$299,000
3 Beds ⋅ 2 Baths ⋅ 1089012 MLS
Welcome home to this beautifully remodeled 3-bedroom, 2-bath concrete block home in the heart of Merritt Island with NO HOA! Featuring a 2022 roof, original terrazzo floors throughout, an updated kitchen with newer appliances and cabinetry, and a screened patio perfect for enjoying Florida living. The front yard even features a fruit-bearing starfruit tree! Conveniently located less than 10 minutes from Cocoa Beach and the Pier, with easy access to Kennedy Space Center, Merritt Island National Wildlife Refuge, shopping, dining, and more. Approximately 45 minutes to Orlando's world-famous attractions. Whether you're looking for a primary residence, downsizing, a first home, or an investment opportunity, this stylish and inviting home offers comfort, location, and versatility.

380 Hunt Drive, Merritt Island
240 Spring Drive Unit 2, Merritt Island
$168,900
2 Beds ⋅ 2 Baths ⋅ 1088933 MLS
Welcome to this newly updated 2-bedroom, 2-bath first-floor condo offering comfort, style, and a peaceful pond view right outside your back door. Step inside to find luxury vinyl plank (LVP) flooring throughout, fresh interior paint, newly updated ceilings with the popcorn texture removed, and a brand-new HVAC system. The fully remodeled kitchen features brand-new cabinetry, sleek countertops, all new stainless-steel appliances, and convenient in-kitchen laundry, perfect for both everyday living and entertaining. Both bathrooms have also been refreshed with updated vanities, adding to the home's clean, modern feel. Enjoy the convenience of 1st floor living with no stairs and a layout that flows effortlessly from the kitchen into the living space. Relax with your morning coffee or unwind in the evening while taking in the tranquil pond views. Ideally located on Florida's Space Coast, you're just minutes from Kennedy Space Center, Blue Origin, SpaceX, Port Canaveral, & the beaches

240 Spring Drive Unit 2, Merritt Island
820 Del Rio Way Unit 301, Merritt Island
$339,000
3 Beds ⋅ 2 Baths ⋅ 1088670 MLS
Welcome to effortless Florida living in the heart of Merritt Island! This spacious 3-bedroom, 2-bathroom condo features an open floor plan and impressive wraparound balcony with beautiful views!! The perfect place to relax and enjoy spectacular Space Coast rocket launches right from your home. Built-in storm shutters on all sliding doors provide added protection. The primary suite offers balcony access, his and her closets, a relaxing soaking tub and separate walk-in shower. Enjoy the true maintenance free living with a one car garage space, heated pool and hot tub, fitness center, club house and gazebo to relax by the water. Centrally located near shopping, dining, the future hospital, with the Orlando International Airport only 45 minutes away and Central Florida's world-famous theme parks about an hour away. Experience the best of the Space Coast-comfortable condo living, resort style amenities, and a front row view of the Rocket Launches from your own balcony

820 Del Rio Way Unit 301, Merritt Island
285 Hickory Avenue, Merritt Island
$334,000
3 Beds ⋅ 2 Baths ⋅ 1088805 MLS
Discover the charm of this inviting house located at 285 Hickory Ave, Merritt Island, FL. This spacious home accords 1730 square feet of living space, providing ample room for comfortable living. With three well-proportioned bedrooms, the property ensures privacy and relaxation for all residents. This house has a new Kitchen an impact windows an new hot water tank an 5 camera security on a DVR. The home's layout promotes a seamless flow between rooms, enhancing both functionality and style. The property's prime location in Merritt Island accords the convenience of nearby amenities and attractions while providing a peaceful setting.

285 Hickory Avenue, Merritt Island
200 Bounty Street, Merritt Island
$175,000
3 Beds ⋅ 2 Baths ⋅ 1088509 MLS
TURNKEY LUXURY...Fully Furnished To A High Standard. A much coveted 3 Bed, 2 Bath First Floor End Unit. Bring Your Boat...ONLY 4 MILES TO THE BEACH SURROUNDED BY RIVERS! Near SpaceX, the Port, Beaches, Dining with easy access to Orlando. Primary with walk in closet and private bathroom remodeled with designer quartz tops. The immaculately kept terrazzo is a beautiful light color, runs throughout and is in pristine condition=No Grout Joints To Scrub! Upgraded 6 panel doors and baseboards. Endless windows for natural lighting galore. Deeded carport close to entrance with room for a shed. A Truly Maintenance Free Living in a beautifully kept community with full time maintenance. Monthly fee covers maintaining/replacing co-op issued A/C unit & water heater, water/sewer, trash and property taxes. Cash only, Owner Occupants Only. No Rentals, No Air BnB. Buyer must submit Co-op application, credit check & board approval.

200 Bounty Street, Merritt Island
360 Fisher Lane, Merritt Island
$245,000
3 Beds ⋅ 2 Baths ⋅ 1088504 MLS
This completely remodeled 3-bedroom, 1.5-bathroom home offers a fresh, move-in-ready interior with thoughtful updates throughout. Major improvements include a new roof in 2026, HVAC system installed in 2022, and water heater replaced in 2023. Step inside to a bright and inviting floor plan featuring updated flooring, fresh finishes, modern fixtures, and a clean, contemporary design. The beautifully renovated kitchen features updated cabinetry, countertops, appliances, and plenty of space for everyday living and entertaining. Both bathrooms have been refreshed with modern finishes and fixtures, while all three bedrooms provide comfortable and flexible living space. With the remodeling already completed and major systems recently updated, this home is ready for its next owner to move in and enjoy. Outside, the property offers additional space for relaxing, entertaining, gardening, or creating your own backyard retreat.

360 Fisher Lane, Merritt Island
565 Kings Way, Merritt Island
$325,000
3 Beds ⋅ 1 Baths ⋅ 1088406 MLS
If you've been waiting for a property where the numbers make sense because you're willing to do the work, here it is. Sitting on over an acre in Merritt Island, this 3-bedroom home is ready for someone with a plan and a willingness to see past what's here today. The house needs renovation, but there's plenty to work with, including a fireplace, attached garage, a 2,000+ sq. ft. permitted shop that could easily be used for a living space or an 8 car garage for your toys, and a large lot with room to spread out. No HOA means fewer rules getting in the way of what comes next. Whether you're an investor looking for your next project or a buyer who would rather create what they want than pay for someone else's renovation, the opportunity is here. Bring your contractor, bring your ideas, and come see what 1.08 acres in Merritt Island can become.

565 Kings Way, Merritt Island
420 Catamaran Drive Unit 99, Merritt Island
$149,500
2 Beds ⋅ 2 Baths ⋅ 1088443 MLS
Highly desirable FIRST floor CORNER unit! Just steps away from the pool! Walk out your screened porch and RELAX in the lovely pool area! Enjoy water views from your rear patio! Centrally located on Merritt Island - close to shopping, restaurants and parks. Bring your own personal touch to this adorable two bed two bath. Perfect for an investor or handyman special!

420 Catamaran Drive Unit 99, Merritt Island
250 N Banana River Drive, Merritt Island
$149,000
2 Beds ⋅ 1 Baths ⋅ 1088402 MLS
OWNER FINANCING AVAILABLE! Don't miss an opportunity to own a TWO BEDROOM unit on the FIRST FLOOR. Unit features tile throughout and some updates to the kitchen and bathroom. The sliders have a view of the courtyard. It's tenant occupied through 8/31/2027 at $1,500/mo. The tenant is wonderful and pays on time. And the HOA covers the water, sewer, trash, ground and exterior building maintenance. And the 2026 taxes are reduced, making this an investor friendly property. Carport 99 is assigned to this unit. The community offers laundry facilities, onsite management, a heated pool, a tiki hut and access to the canal. Live in a perfect location! You're minutes to Cocoa Beach, Ron Jons, Port Canaveral and restaurants and shops in Merritt Island. Rt 528 is convenient to get to the beaches and to Orlando.

250 N Banana River Drive, Merritt Island
200 S Sykes Creek Parkway, Merritt Island
$314,990
2 Beds ⋅ 2 Baths ⋅ 1088315 MLS
Wake up to stunning Sykes Creek views and enjoy waterfront living at its best in this beautifully updated 2-bedroom, 2-bath condo at Merritt Towers. From your private balcony, watch dolphins and manatees pass by—and catch unforgettable rocket launches. Inside, this bright and inviting home features an updated kitchen and baths, newer tile and waterproof vinyl flooring, crown molding, fresh paint, and a spacious open floor plan. Merritt Towers offers resort-style amenities including two pools, hot tub, sauna, tennis courts, clubhouses, and beautifully maintained grounds. Ideally located near beaches, Port Canaveral, KSC, dining, shopping, and all the best of the Space Coast. Whether you're looking for a full-time residence, coastal retreat, or investment opportunity, this is a rare chance to own waterfront living in the heart of Merritt Island.

200 S Sykes Creek Parkway, Merritt Island
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