Living in Florida's Space Coast
Harbor Point
Harbor Point is one short street off South Banana River Drive in south Merritt Island, reached through Newfound Harbor Drive and Old Causeway Road. Every home fronts the Banana River, every one has a pool, and most are two stories built between 1991 and 2014. This is the high end of the island: 2,471 to 5,628 square feet, with pricing that has reached three and a half million dollars.
Harbor Point In Merritt Island, Florida
Harbor Point is a single cul-de-sac street, Harbor Point Drive, hanging off the east shoreline of south Merritt Island. You get there by turning south on Newfound Harbor Drive from State Road 520, following it to Old Causeway Road, then out to South Banana River Drive. It is deliberately hard to stumble into. Four addresses have traded in the recent cycle and each one was a custom house rather than a builder plan.
The shoreline is what sets it apart from the older waterfront pockets nearby. This is elevated ground on the Intracoastal, in places running well over a hundred feet of frontage per parcel, and the houses were designed around it: two stories, soaring ceilings, walls of impact glass facing the water, private balconies off the upper floors. One home is poured concrete and foam block under a tile roof, which is about as hardened as residential construction gets on this coast.
Every one of these homes has a private in-ground pool, three of them heated and salt converted. Three carry a dock and two have a boat lift. Two have an outdoor shower off the pool deck, which tells you how the houses actually get used. From the Banana River you run north toward the Canaveral Barge Canal and the lock, or south past Mathers Bridge toward the Eau Gallie side.
Facing east across open water means sunrise off your back deck and, because you are looking north up the lagoon, a clean line of sight to launches from Cape Canaveral and Kennedy Space Center. That view is a real part of the value here and it comes up in every conversation about these houses. Dolphins and manatees working the shoreline are an ordinary Tuesday, not a sales line.
Expect a longer transaction. Homes here average about twelve weeks on the market and settle near 97 percent of the original asking price, which tells you sellers hold firm but the buyer pool is small. Pricing runs from 630,000 dollars for the entry point to three and a half million for the fully rebuilt estates, roughly 456 dollars a square foot. Association dues are modest at 350 to 600 dollars a year.
Harbor Point At A Glance
Harbor Point in the numbers that matter.
| Detail | What you get |
|---|---|
| Detail | Value |
| Location | South Merritt Island, Harbor Point Drive off South Banana River Drive via Newfound Harbor Drive and Old Causeway Road, Merritt Island FL 32952 |
| Built | 1991 to 2014, with the middle around 1998 |
| Home size | 2,471 to 5,628 square feet, about 3,437 square feet typical |
| Bedrooms | 4 to 5, with 3 to 6 bathrooms |
| Lot size | 0.24 to 0.87 acre |
| Construction | Stucco over block and frame, one home in poured concrete and foam block, tile and shingle roofs |
| Levels | Two story on three of four homes |
| Association | Harbor Point Homeowners Association, dues 350 to 600 dollars a year |
| Streets | Harbor Point Drive, a single cul-de-sac |
| Water frontage | Every home fronts the Banana River and the Intracoastal, several with well over a hundred feet of shoreline |
| Docks | Three homes with a dock, two with a boat lift |
| Pools | Every home has a private in-ground pool, most heated and salt converted |
| Garage | 2 to 3 bays, 2.5 typical |
| Utilities | Public water and public sewer |
| Time on market | About twelve weeks is typical |
| Price range | 630,000 to 3,495,000 dollars, with the middle near 1,527,500 dollars |
| Price per square foot | About 456 dollars |
Harbor Point Details
Elevated Intracoastal Frontage
The shoreline along Harbor Point Drive sits higher than much of the island's waterfront, and several parcels carry well over a hundred feet of it. Elevation on the Space Coast is worth paying attention to, both for the view and for what your insurance carrier asks about.
Launch Views As Standard
Looking east and north up the Banana River gives an unobstructed line to Cape Canaveral and Kennedy Space Center. Owners here watch launches from the back deck. Combined with sunrise over open water, that eastern exposure is the neighborhood's signature.
Custom, Not Catalog
There is no builder plan repeating down this street. Houses were built one at a time between 1991 and 2014, with individual layouts, multi-generational configurations, twelve foot ceilings and impact glass. Compare them on construction and condition rather than on price per square foot alone.
Docks And Deep Access
Three of the four homes have a dock and two have a boat lift. From the Banana River you can run north to the Canaveral Barge Canal and through the Canaveral Lock, which is free and takes twenty to thirty minutes, or south toward Mathers Bridge and the Eau Gallie side.
Patience On Both Sides
Twelve weeks on the market is normal here, and sellers still settle near 97 percent of what they first asked. That combination means you should not expect a quick capitulation, and you should not panic when a house you want has been listed a while. It is a thin market, not a soft one.
Small Association, Small Dues
Dues of 350 to 600 dollars a year cover the street and common areas, nothing more. There is no clubhouse, no pool club and no on-site staff. For a neighborhood at this price point, the carrying cost of the association is close to a rounding error.
Homes For Sale In Harbor Point
Anything currently for sale on Harbor Point Drive shows below. With four homes trading in a typical cycle, availability here is genuinely occasional.
Harbor Point Frequently Asked Questions
Where is Harbor Point in Merritt Island?
Harbor Point Drive is in south Merritt Island, FL 32952, on the Banana River shoreline. From State Road 520 you head south on Newfound Harbor Drive, continue to Old Causeway Road, turn toward South Banana River Drive, and Harbor Point Drive is the immediate turn off it.
Is Harbor Point waterfront?
Entirely. Every home fronts the Banana River and the Intracoastal, several with well over a hundred feet of shoreline. Three of the four have a dock and two have a boat lift. Views east across open water include launches from Cape Canaveral and Kennedy Space Center.
What are the HOA dues at Harbor Point?
The Harbor Point Homeowners Association charges 350 to 600 dollars a year depending on the parcel. There is no clubhouse or amenity package. Request the declaration, the budget and the meeting minutes during your inspection period so you know exactly what the association does and does not handle.
What do homes cost in Harbor Point?
The range has run from 630,000 dollars at the low end to 3,495,000 dollars for a fully reimagined estate, with the middle around 1,527,500 dollars and roughly 456 dollars a square foot. Homes settle near 97 percent of their original asking price.
How big are the houses?
From 2,471 to 5,628 square feet, with about 3,437 square feet typical, and four to five bedrooms with three to six bathrooms. Three of the four are two story, which is how the plans capture the second-floor water view and balcony space.
Can you get a boat to the ocean from here?
Yes. From the Banana River you run north to the Canaveral Barge Canal and east through the State Road 401 bascules to the Canaveral Lock, which is free to use and transits in about twenty to thirty minutes to Port Canaveral. Check air draft on your route: the 401 bascules carry about 25 feet closed.
Why does a house here sit on the market for months?
Because the buyer pool for a multi-million dollar riverfront house on a four-home street is small. About twelve weeks is the normal marketing period. Sellers generally hold near their asking price rather than cutting, so time on market here should not be read as a signal of trouble.
Is Harbor Point in a flood zone?
Flood zone assignment is made parcel by parcel, and elevation varies along this shoreline. Brevard County Public Works Floodplain Administration, at (321) 617-7340, is the county's official repository for the FEMA flood map panels and issues written determinations and elevation certificates.
Harbor Point Drive, Merritt Island 32952
Harbor Point occupies the Banana River shoreline of south Merritt Island, below State Road 520 and east of South Tropical Trail. The approach through Newfound Harbor Drive, Old Causeway Road and South Banana River Drive is a series of turns that keeps the street effectively private. Across the water to the east is the barrier island and Cocoa Beach, and to the north the lagoon opens toward the Cape.
Drive times are reasonable for how remote it feels. State Road 520 is about ten minutes north, putting Cocoa Beach roughly fifteen to twenty minutes east and the mainland at Cocoa about the same to the west. The Pineda Causeway to the south is your route to Interstate 95 and the Suntree area, about twenty minutes out. Kelly Park East on North Banana River Drive is the nearest public ramp.
Near Harbor Point In Merritt Island
Considering Harbor Point?
With four houses on the street, there is no comparable set to lean on and pricing has to be built from the shoreline up: frontage length, elevation, dock and lift condition, seawall, construction type and how recently the house was reworked. My partner Nichole and I do that analysis before you write, not after. Call or text (321) 212-7676 and we will look at Harbor Point Drive together.
An extraordinary Space Coast luxury estate, completely reimagined in 2023 with lavish modern upgrades, offering the perfect blend of sophistication and coastal living. Se...
- 5 Beds
- 6 Baths
- 1072105 MLS
