Merritt Island Real Estate Search

Merritt Island Properties between $400,000 and $500,000 for Sale

Our website features the best real estate search for between $400,000 and $500,000 properties available in Merritt Island and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in the Merritt Island real estate market? Sign up for a  Merritt Island Real Estate Market Report to see what’s active, under contract, and sold!

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Newest Merritt Island Properties between $400,000 and $500,000 for Sale

$419,900
3 Beds 2 Baths 1083306 MLS
Immediately available, this move-in ready 3-bedroom, 2-bath, single-story home with a 2-car garage features an updated roof and is ideally located just minutes from SR 528, US-1, A1A, SpaceX, Blue Origin, Port Canaveral, and the Kennedy Space Center. Outdoor enthusiasts will love the nearby public park and Banana River boat ramp, offering convenient access for boating, fishing, kayaking, and enjoying Florida's beautiful waterways. Inside, you'll find updated tile flooring throughout the main living areas, neutral interior paint, soaring natural light from skylights, and an open great room floor plan that creates an inviting space for everyday living and entertaining. The spacious kitchen overlooks the living area and features a cozy dinette nook along with updated stainless steel appliances. The two guest bedrooms share a well-appointed hall bathroom, while the split primary suite offers added privacy with an oversized en-suite bath featuring a separate soaking tub, walk-in shower, and generous space to unwind. Ceiling fans throughout the home provide year-round comfort. Step outside to enjoy the screened rear porch and additional open patio, perfect for relaxing or hosting family and friends. The exterior has been recently painted, adding to the home's curb appeal and making it truly move-in ready. With a low HOA fee, access to a community pool, and an unbeatable location close to major employers, beaches, shopping, dining, and entertainment, this is a home you must see to fully appreciate.

1291 Potomac Drive, Merritt Island

$499,000
4 Beds 3 Baths 1079145 MLS
NOW OFFERED AT A NEWLY IMPROVED PRICE! This is your opportunity to own a beautifully renovated, handicapped accessible home that combines modern style, exceptional versatility and an outstanding location. Discover the perfect blend of comfort, functionality and value in this move-in-ready 3-bedroom, 2-bath home situated on a desirable corner lot. Thoughtfully renovated from top to bottom, this home offers today's buyers the rare combination of quality upgrades, flexible living space and lasting peace of mind. Step inside to a bright, welcoming interior featuring a spacious living room, dedicated dining area and a beautifully updated kitchen that is both stylish and functional, featuring brand-new stainless steel appliances, including a wine refrigerator, abundant cabinetry and generous counter space. Designed for everyday living and easy entertaining, it's the perfect place to prepare meals, gather with family and friends or enjoy your morning coffee. The spacious primary suite serves as a relaxing retreat with a large en-suite bathroom and private access to a peaceful patio. Two additional bedrooms provide comfortable accommodations for family, guests or a home office, while the separate laundry room adds convenience to everyday living. One of this home's standout features is the Private In-Law Suite with its own separate entrance. Whether you're accommodating extended family, creating a private guest space or Exploring Rental Income Opportunities, this versatile addition offers endless possibilities. Major improvements have already been completed, allowing you to move in with confidence. Recent updates include a brand-new roof, 3 new A/C systems, new flooring throughout, new light fixtures, a new tankless water heater and extensive interior and exterior renovations. Every detail has been thoughtfully updated so you can simply unpack and start enjoying your new home. Step outside to your fully fenced backyard complete with a wood privacy fence, storage shed and plenty of room for entertaining, pets, gardening, barbecues or creating your own backyard retreat. The corner lot provides added privacy, enhanced curb appeal and additional outdoor space that's difficult to find. Location is everything and this home delivers. You'll enjoy convenient access to shopping, restaurants and everyday necessities while being just minutes from the beautiful beaches of the Space Coast, public boat ramps and some of Central Florida's most popular destinations including Cocoa Beach, Port Canaveral, Kennedy Space Center and the world-famous Ron Jon Surf Shop. Whether you're searching for your forever home, a property that accommodates multi-generational living or an investment with income-producing potential, this exceptional home offers the perfect combination of comfort, flexibility and value. Now priced to attract immediate interest, this is an opportunity you won't want to miss. Schedule your private showing today and see firsthand everything this remarkable home has to offer before someone else calls it home!

540 Barrett Drive, Merritt Island

$499,900
5 Beds 3 Baths O6413867 MLS
Welcome to this beautifully renovated 5-bedroom, 2.5-bathroom home located in the heart of Merritt Island. Combining modern upgrades with spacious living, this home offers the perfect setting for both everyday comfort and entertaining. From the moment you arrive, you'll be impressed by the inviting curb appeal, manicured landscaping, and welcoming exterior. Inside, luxury vinyl plank flooring flows throughout the main living areas, creating a bright and contemporary atmosphere. The updated kitchen is designed to impress, featuring quartz countertops, stainless steel appliances, ample cabinetry, and plenty of workspace for preparing meals and hosting guests. The spacious living room is anchored by a charming fireplace, creating a warm focal point for gatherings and relaxing evenings at home. Large windows throughout the home fill each room with natural light, enhancing the open and airy feel. The primary suite serves as a private retreat with a beautifully updated bathroom featuring a modern vanity and a tiled walk-in shower. The additional bedrooms offer flexibility for family, guests, a home office, or hobby space. Step outside to the fenced backyard, where you'll find plenty of room for entertaining, outdoor activities, and enjoying Florida's year-round sunshine. Conveniently located near shopping, dining, parks, waterways, and the beaches of the Space Coast, this move-in-ready home offers the perfect blend of style, comfort, and location.

1760 Harbor Oaks Place, Merritt Island

$450,000
3 Beds 2 Baths 1078158 MLS
Welcome home to this stunning, former model home perfectly situated on a premier corner lot in the highly desirable, gated community of Sunset Lakes! Boasting an open and airy 3-bedroom, 2-bathroom split floor plan, this concrete block residence features exceptional architectural details including textured walls, elegant archways, rounded corners, and gorgeous tray ceilings in the primary suite. Interior Highlights: Gourmet Kitchen: Equipped with premium granite countertops, sleek white cabinetry, an induction range, and a walk-in pantry with custom shelving. Living Space: Flow effortlessly from the formal living and dining rooms into the cozy family room. Primary Suite: A true retreat featuring a beautiful pool view, his-and-her walk-in closets, and a luxurious en-suite bathroom complete with double sinks, a jetted tub, a separate walk-in shower, and a private water closet. Bonus Features: An indoor laundry room with an attached private office, a tankless water heater, storm shutters, and a 2-car garage with pull-down stairs leading to a plywood-floored attic for massive extra storage. Backyard & Outdoor Oasis Step outside into your ultimate Florida sanctuary! The beautifully landscaped backyard features a sparkling in-ground pool surrounded by elegant brick pavers patio. The fully fenced yard offers maximum privacy and includes an 8-foot drive gate perfectly designed for secure boat or small R/V storage behind the fence. Maintenance is a breeze thanks to a reclaimed water sprinkler system. Plus, the secondary bathroom conveniently doubles as a pool bath! Gated Community Amenities Sunset Lakes offers an incredible neighborhood lifestyle with sidewalk-lined streets and a massive community park. Residents enjoy access to: A lakeside jogging/walking path, Tennis, pickleball, and basketball courts, community playground and pavilion with picnic benches, dedicated dog-walking park

510 Sunset Lakes Drive, Merritt Island

$490,000
4 Beds 2 Baths O6346730 MLS
Stunning waterfront sanctuary on Merritt Island —whether you’re seeking an ideal forever home, a smart investment, or a short-term rental machine, this property checks every box. Beautifully renovated and offering approximately 2,100 sq ft of living space, this 4-bed, 2-bath home features modern finishes and a thoughtfully designed layout perfect for entertaining and everyday living. Brand new cabinets and counters, brand new tankless water heater (2025) updated vinyl waterproof flooring, fresh interior paint, Step inside to an open-plan family room and living zone where natural light floods the space and draws your attention to a beautifully updated gourmet kitchen—featuring sleek cabinetry, high-end appliances, and ample workspace for culinary creativity. Large windows and sliding glass doors frame the serene canal views, inviting the sunshine and tranquil water vistas into your home. In the private outdoor space—your very own waterfront lot—you’ll find a lushly landscaped setting built for both relaxing and recreation. The pool deck and covered patio overlook the tranquil canal with direct water access: ideal for boating, kayaking, fishing, or simply welcoming the Florida sun and coastal breezes. Whether you're unwinding with family or hosting friends, this home offers the kind of lifestyle many only dream about. Located in the heart of the Catalina Isle Estates Unit 2 neighborhood, you’re just minutes away from Merritt Island’s waterfront, beaches, nature preserves, and the vibrant amenities of Florida’s Space Coast. This is a destination address—close to Cocoa Beach, Port Canaveral, and the iconic Kennedy Space Center. The location not only provides outstanding living, but also tremendous investment potential. From an income standpoint: the short-term rental market in Merritt Island is strong. With 4 bedrooms, inviting waterfront access, and superb location, this home is not just a living space—it’s a ready-made revenue-generator. If you’ve been looking for a home that offers luxury, flexibility, and an unbeatable location, 225 Richland Ave is the one. Reach out today to schedule your private showing—there are homes like this, and then there are homes like THIS. Listing Agent Is Owner.

225 Richland, Merritt Island

Start Your Search