Merritt Island Neighborhoods Under $450,000

Which Merritt Island neighborhoods are under $450,000?

Merritt Island neighborhoods under $450,000 include Moore And Cantines, Glen Haven, Raintree by the Lake, Island Beach, Skylark Estates, Gateway, Ridge Manor Estates, Surfside Estates and Catalina Isles Estates. Most are 1960s block homes.

The entry point on this island is not a number, it is a house. About 1,500 square feet of concrete block, one story, shingle roof, built somewhere between 1962 and 1979, sitting on a fifth of an acre off a street a developer named in a hurry. Fiddler Avenue. Demitasse Avenue. Hula Circle.

There are about fifteen neighborhoods where that house still trades under $450,000, and they are scattered across all three parts of Merritt Island. Here is where they are, and what separates the ones that are genuinely inexpensive from the ones that only look that way on a listing page.

Under $400,000

Moore And Cantines

Moore And Cantines off Tropical Trail and Platt Avenue shows the lowest typical number on the island at $350,000, but read that carefully. It is a tiny plat with an enormous spread, from $195,000 up past a million, houses from 1958 to 1984, and every one of them is on septic. The median tells you almost nothing here. The individual parcel is the whole story.

Glen Haven

Glen Haven on Glen Haven Drive, Phyllis Drive, Captains Row and Hula Circle is 1961 to 1966 block construction, public sewer, no association, typical price $355,000 at about $249 a square foot. A third of the lots touch Sykes Creek water. It moves fast, often inside three weeks, so if you want one you need financing lined up before you tour.

Raintree by the Lake

Raintree by the Lake on Raintree Lake Circle is the youngest of the sub-$400,000 group, built 1982 to 1984, public sewer, no association, around $359,000 for roughly 1,570 square feet. At $222 a square foot it is the cheapest per foot on this list, and it turns over in about a week when priced right.

Island Beach

Island Beach on Pine Boulevard, Banana Boulevard and Palm Boulevard is a wide range of houses, 1965 through 2017, typical $369,900 on quarter acre lots. No association, no water lots, and eleven of every fifteen homes are on septic. That last detail is the one that separates a good price from a project.

Skylark Estates, Gateway and Ridge Manor Estates

Skylark Estates on 1st Street and Larkview Street runs $380,000 for 1963 and 1964 block houses averaging only about 1,300 square feet, with pools on seven of every ten. Gateway off Newfound Harbor Drive and Merrimac Drive sits at $385,000 with pools on half the homes and public sewer throughout. Ridge Manor Estates on Demitasse Avenue and Martin Boulevard is $398,000 with two thirds pool ownership and a longer average marketing time, closer to two and a half months.

$400,000 to $450,000

Island Oaks and Island Crossings

Island Oaks on Island Oaks Place is late 1980s and early 1990s, about $400,000, dues of $355 a year. Island Crossings on Potomac Drive, Stafford Avenue and Grand Cayman Drive is 1996 to 1999 at about $437,000 for roughly 1,900 square feet, with quarterly dues that run from about $97 to $266 depending on the section. These two are the newest houses you can buy on Merritt Island under $450,000 outside of a condominium.

Surfside Estates

Surfside Estates on Fiddler Avenue, Porpoise Street and Salmon Street is one of the deepest pockets of inventory on the island, typical $425,000, built 1962 to 1984, public sewer, no association. Just over half the lots are on canals off the Banana River, which is why the range stretches from $255,000 to $735,000. Two houses on the same street can be $150,000 apart based only on whether the back yard hits water.

Floral Park and Catalina Isles Estates

Floral Park on Barrett Drive and Plum Avenue is a 1965 and 1966 pocket at $426,250 with half the lots on Sykes Creek. Catalina Isles Estates on Montego Bay Drive, Catalina Isle Drive and Waikiki Drive is the volume play: 1963 to 1969 block homes, $435,000 typical, sixty percent of them on water, a voluntary association at about $15 a year, and a range from $210,000 to $1,025,000.

Riverside Landing, Copperfield and Waterway Manor

Riverside Landing on Shady Lane offers the largest lots in this price band at a third of an acre and up, $432,500, and all of it on septic. Copperfield on Heather Stone Drive and Abbeyridge Drive is 1994 to 2000 at $440,000 with dues of $300 a year and no water lots. Waterway Manor matches that $440,000 with dues of only $100 a year and better than half the lots on navigable canal water.

The condominium exception

Island Pointe at $400,000 and Cape Crossing Resort at $440,000 both land in this budget, and both put you on the water in a building from the 2000s or later. The catch is the monthly assessment, roughly $1,235 at Island Pointe and $767 to $1,170 at Cape Crossing. Run that number through your payment before you compare it to a block house with no association. On a thirty year note, $1,200 a month of dues carries roughly the same weight as a couple hundred thousand dollars of additional purchase price.

Three things decide whether the number is real

Septic versus sewer

Sewer is not universal here. Island Beach, Riverside Landing and Moore And Cantines run on septic, while Glen Haven, Gateway, Ridge Manor Estates, Surfside Estates, Catalina Isles Estates, Skylark Estates, Raintree by the Lake, Floral Park, Island Oaks, Copperfield and Island Crossings are on public sewer. A drainfield has a service life, replacement is not cheap, and permitting and inspection run through the Florida Department of Health in Brevard County. Ask for the last pump-out date and the permit history before you go under contract.

Roof age

Almost every house in this price band wears an asphalt shingle roof, and on 1960s and 1970s construction the roof is the single item most likely to decide whether you can get a policy at all. Get the roof age in writing at the showing, not at inspection. My Florida homeowners insurance guide walks through how carriers here look at roof age, four point inspections and wind mitigation credits.

Flood zone

Merritt Island is a barrier island between two rivers, and the flood picture changes street by street, not neighborhood by neighborhood. The water lots in Surfside Estates, Catalina Isles Estates, Floral Park and Waterway Manor are exactly where this matters most. Pull the address at the FEMA Flood Map Service Center, then read my Brevard County flood zone guide. A $425,000 house with a $4,000 annual flood premium is not a $425,000 house.

One more habit worth building: pull the parcel on the Brevard County Property Appraiser site before every showing. Assessed value, year built, square footage and the current exemption status are all right there, and the tax line on a homesteaded seller's parcel is not the tax line you will inherit.

Merritt Island under $450,000 at a glance

Neighborhood	Typical price	Built	Sewer	Association
Moore And Cantines	$350,000	1958 to 1984	Septic	None
Glen Haven	$355,000	1961 to 1966	Public	None
Raintree by the Lake	$359,000	1982 to 1984	Public	None
Island Beach	$369,900	1965 to 2017	Mostly septic	None
Skylark Estates	$380,000	1963 to 1964	Public	None
Gateway	$385,000	1964 to 1982	Public	None
Ridge Manor Estates	$398,000	1967 to 1989	Public	None
Surfside Estates	$425,000	1962 to 1984	Public	None
Catalina Isles Estates	$435,000	1963 to 1969	Public	Voluntary
Island Crossings	$437,000	1996 to 1999	Public	Quarterly
Waterway Manor	$440,000	1967 to 1979	Public	$100 a year

Frequently Asked Questions

What is the cheapest neighborhood on Merritt Island?

By typical price it is Moore And Cantines at $350,000, followed by Glen Haven at $355,000 and Raintree by the Lake at $359,000. Moore And Cantines is a very small plat with a wide spread, so Glen Haven and Raintree are the more reliable places to shop a sub-$400,000 budget.

Can you buy waterfront on Merritt Island under $450,000?

Yes, on canals rather than open river. Surfside Estates, Catalina Isles Estates, Waterway Manor and Floral Park all have water lots inside this range. Budget for the seawall and the flood premium on top of the purchase price, because both of those are real numbers on a canal lot.

Are there newer homes on Merritt Island under $450,000?

A few. Island Crossings from the late 1990s and Copperfield from the mid 1990s are the newest single family options. Everything else in this band is 1960s and 1970s block, and Island Pointe and Cape Crossing Resort are the 2000s condominium alternatives.

Related on the Space Coast

• Merritt Island Neighborhoods With the Easiest Orlando Commute
• Merritt Island Neighborhoods With Big Lots
• Best Waterfront Neighborhoods in Merritt Island, FL
• New Construction Neighborhoods in Merritt Island, FL
• Moving to Merritt Island, FL
• What $700,000 Buys in Merritt Island FL (2026)

Let's find your entry point

Shopping the bottom of a market is where a buyer gets hurt the fastest, because the cheapest listing on the street is usually cheap for a documented reason. I would rather show you three houses and talk you out of two of them. If you are working a budget under $450,000 on Merritt Island, my partner Nichole and I got your back. Read my post on the hidden costs of moving to the Space Coast, then call or text (321) 212-7676 and tell me your number.

If you are weighing a Space Coast move and want help running the actual numbers on a specific city, neighborhood, or price point in Brevard County, I can put together a side-by-side comparison for you. My partner Nichole and I got your back. Reach out anytime at (321) 212-7676 or www.livingspacecoast.com.