Living in Florida's Space Coast
Island Pointe
Island Pointe is a guard gated condominium community on the Indian River shore of Merritt Island, four ten story buildings holding 185 residences along Sail Lane and Starboard Lane. Units run 2,048 to 3,408 square feet, all finished between 2004 and 2006. Every one has a balcony over the water and its own enclosed garage rather than a space in an open lot.
Island Pointe In Merritt Island, Florida
Island Pointe occupies a stretch of Indian River shoreline near where the State Road 520 causeway lands on the island. You reach it from North Tropical Trail by turning onto Sail Lane, or from Mystic Drive over to Starboard Lane. Four buildings rise ten stories each and hold 185 units between them, and those two lanes are the only addresses in the community. A staffed gate controls the entrance and the ground floor lobbies behind it are secured.
The floor plans are larger than most people picture when they hear the word condominium. Living area runs 2,048 to 3,408 square feet in three and four bedroom layouts carrying two to four baths, and almost all of it is single level living reached by elevator. Exteriors are stucco with storm shutters. Balconies face the river on every stack, and the end units get a wrap around that catches both the water and the length of the shoreline.
The monthly assessment sits right around $1,215 to $1,236 and goes to Island Pointe Condominium Association of Merritt Island, Inc., which runs the property through an outside manager. That figure covers water, sewer, trash, cable television and internet, pest control, building insurance, structural and grounds upkeep, and the gate. Before you call it high, price out a single family budget carrying its own roof reserve, windstorm policy and lawn service and compare the two honestly.
For a community of this size the amenity list is unusually deep. There are two pools with hot tubs, a clubhouse with a kitchen and party room, a fitness room, a sauna, three tennis courts, a pickleball court and two basketball courts. A boardwalk runs along the seawall, and residents launch kayaks and paddleboards from it. The grounds are walkable end to end, which is a large part of why turnover here is slow.
Pricing has run $310,000 to $600,000 with the middle near $400,000, working out to roughly $176 a square foot. That is a low per foot number for waterfront square footage anywhere on this coast, and the reason is time. Units take around 104 days to go under contract and sellers have been settling near 85 percent of their original asking price. As a buyer that is real leverage. As a seller it means your first price matters more than your second.
Island Pointe At A Glance
Island Pointe at a glance, from the gate to the assessment.
| Detail | What you get |
|---|---|
| Location | Indian River shoreline off North Tropical Trail near the State Road 520 causeway |
| Built | 2004 to 2006 |
| Home size | 2,048 to 3,408 square feet, about 2,275 typical |
| Bedrooms | 3 to 4, most commonly 3 |
| Bathrooms | 2 to 4 |
| Lot size | No individual lots. Common ownership, roughly 0.03 to 0.06 acre attributed per unit |
| Construction | Stucco over concrete, ten stories, elevator served, storm shutters |
| Buildings | Four, 185 units total |
| Association | Island Pointe Condominium Association of Merritt Island, Inc., mandatory, about $1,215 to $1,236 monthly, professionally managed |
| Fee includes | Water, sewer, trash, cable and internet, pest control, insurance, structure and grounds, security |
| Amenities | Two pools with hot tubs, clubhouse, fitness room, sauna, three tennis courts, pickleball, two basketball courts, seawall boardwalk |
| Waterfront | Direct Indian River and intracoastal frontage for the whole community |
| Garage | Private enclosed garage with each unit, one to two spaces |
| Gated | Yes, staffed gate plus secured lobbies |
| Age restricted | No |
| Utilities | Public water and public sewer |
| Streets | Sail Lane and Starboard Lane |
| Price range | $310,000 to $600,000, around $176 per square foot |
Island Pointe Details
Square Footage You Can Actually Use
Plans start at 2,048 square feet and reach 3,408, which puts these units in the same size class as a good sized house. Three and four bedroom layouts with two to four baths mean an office and a guest room both fit without anyone giving up a closet.
A Garage, Not A Parking Space
Every residence comes with a private enclosed garage. That matters on a barrier island where salt air chews on anything left outside, and it gives you somewhere to keep bikes, kayak gear and a beach cart without cluttering the balcony.
Everything Is Inside The Fee
The assessment covers water, sewer, trash, cable, internet, pest control, insurance, structure, grounds and the gate. Your monthly housing cost stops being a moving target, which is worth something if you are relocating from a state where you have no feel for windstorm pricing.
Courts, Pools And A Boardwalk
Two pools with hot tubs, three tennis courts, pickleball, two basketball courts, a fitness room and a sauna sit inside the gate. The seawall boardwalk gives you a place to put a kayak in the Indian River without loading a trailer.
Sunsets And Launch Views
West facing balconies over the Indian River put the sunset directly in front of you. Facing north, the Cape is close enough that a launch is a balcony event rather than a drive, which is one of the things owners here mention first.
A Market That Favors Patient Buyers
Around 104 days to contract and settlement near 85 percent of original asking price is unusual for waterfront. If you can wait for the right stack and the right floor, this is one of the few places on the island where waiting is rewarded.
Homes For Sale In Island Pointe
Current availability inside Island Pointe. Inventory rotates between the four buildings, and floor and exposure change the price more than square footage does.
Island Pointe Frequently Asked Questions
What does the Island Pointe condo fee cover?
The monthly assessment has run about $1,215 to $1,236 and includes water, sewer, trash, cable television, internet, pest control, building insurance, structural and grounds maintenance, and the staffed gate. What it does not cover is your interior, your appliances and your own contents policy.
Is Island Pointe gated?
Yes. There is a staffed gate at the entrance and the building lobbies behind it are secured. Guests are directed to visitor parking at the gate. The community is not age restricted, so there is no minimum age to buy or occupy.
How many buildings and units are there?
Four buildings of ten stories each, 185 units in total, all addressed on Sail Lane or Starboard Lane. Every unit is served by elevators and comes with its own enclosed garage.
Do all the units have water views?
The community sits directly on the Indian River with intracoastal frontage, and the large majority of units carry river and intracoastal views. End stacks with wrap around balconies see the most water. Floor height changes the view considerably, so tour more than one level before you decide.
How long do units take to sell here?
About 104 days to contract, which is long by island standards. Sellers have been settling around 85 percent of their original asking price. Buyers should expect room to negotiate, and sellers should treat the first two weeks on market as the whole ballgame.
What are property taxes at Island Pointe?
Annual county bills have run roughly $2,083 to $7,402 with the middle near $4,378. Units that have transferred recently sit toward the top because a sale resets the assessed value, while long term homesteaded owners sit at the bottom.
Can I keep a boat here?
There is a seawall with a boardwalk used for kayaks and paddleboards, not a marina with assigned slips. If you want a powerboat within a few minutes, plan on dry storage or a slip at a nearby marina rather than something attached to the unit.
Where is Island Pointe relative to the beach and the Cape?
Cocoa Beach is a straight run east on State Road 520 across the Banana River. Port Canaveral and Kennedy Space Center are north by way of State Road 528, and Orlando International Airport is about an hour west on the same road.
Sail Lane, Merritt Island 32953
Island Pointe sits on the Indian River side of Merritt Island in the 32953 ZIP code, close to the point where the State Road 520 causeway reaches the island. Coming east across the causeway you can turn onto Mystic Drive and follow it to Starboard Lane, or continue and take North Tropical Trail north to Sail Lane. Either way you arrive at the guard gate, and the buildings step east to west along the shoreline behind it.
Drive times are short in every direction that matters. State Road 520 runs east across the Banana River to Cocoa Beach in roughly fifteen minutes and west to Cocoa, US 1 and Interstate 95 in about ten. State Road 528 is a few minutes north and carries you to Port Canaveral, Kennedy Space Center and, about an hour out, Orlando International Airport. Everyday groceries and restaurants are on Merritt Island Causeway and North Courtenay Parkway, both close.
Near Island Pointe In Merritt Island
Considering Island Pointe?
Buying at Island Pointe is a question of stack, floor and exposure, and the only way to answer it is to stand on a few different balconies. My partner Nichole and I can arrange access through the gate, walk you through what the assessment actually buys, and tell you honestly which units have been sitting and why. Call or text (321) 212-7676 and we will set up a morning of it.
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