Living in Florida's Space Coast
Palmetto
Palmetto is a small mid-2000s subdivision on Glenridge Circle, entered from Venetian Way on the east side of North Courtenay Parkway. Nearly every house is two stories on a lot of about an eighth of an acre, built in 2005 and 2006, with a pond at the center. Dues are 390 to 400 dollars a year and the association has been registered in Brevard County since 2004.
Palmetto In Merritt Island, Florida
Palmetto is one of the last true infill subdivisions built in central Merritt Island before the market turned in 2007. The homeowners association was incorporated in Florida as a Brevard County nonprofit in 2004, the houses followed in 2005 and 2006, and then it was finished. Everything sits on Glenridge Circle, reached from Venetian Way off North Courtenay Parkway. There is no second phase and no room for one.
The defining trait here is vertical. Five of the seven most recent transactions were two-story homes, which is unusual on an island where the single-story ranch dominates. That layout is what lets a 3,000 square foot house sit on a lot of roughly 0.13 acre. Second floors carry frame construction over block first floors on some models, and a couple of homes have upstairs balconies off the primary suite.
That compact lot is the trade you are making. You get a large, modern floor plan with a formal living or bonus room, an open kitchen and great room, and four or five bedrooms, on a footprint where the back yard is measured rather than paced. Four of the seven homes still found room for a screened in-ground pool. If a big fenced yard is your first requirement, this is not the subdivision to chase.
Palmetto is the value position in this stretch of the island on a per foot basis, running around 176 dollars a square foot when neighbors in the same corridor sit well above 220. Part of that is the lot size and part is that two-story homes generally trade at a discount to single story in Brevard County. Prices run 380,000 to about 540,000 dollars, with the middle in the mid 400s.
Two homes back to the pond and several more look at it, with pond and lake views showing up across the subdivision. Dues of 390 to 400 dollars a year are among the lowest you will find in a covenanted community on Merritt Island, and administration runs through an outside firm rather than a full time on-site staff. Houses here take about five weeks to sell and settle near 97 percent of the original asking price.
Palmetto At A Glance
Palmetto by the numbers.
| Detail | What you get |
|---|---|
| Detail | Value |
| Location | Central Merritt Island, Glenridge Circle off Venetian Way and North Courtenay Parkway, Merritt Island FL 32953 |
| Built | 2005 and 2006 |
| Home size | 1,777 to 3,004 square feet, with most homes near 2,800 square feet |
| Bedrooms | 3 to 5, most commonly 4, with 2 to 3 bathrooms |
| Lot size | 0.13 to 0.18 acre, about 0.13 acre typical |
| Construction | Concrete block and stucco with frame second floors on some models, shingle roofs |
| Levels | Two story on five of seven homes |
| Association | Mandatory. Palmetto Homeowners Association of Brevard County, Inc., a Florida nonprofit registered in 2004. Dues 390 to 400 dollars a year, handled by an off-site firm |
| Gated | No |
| Age restricted | No |
| Streets | Glenridge Circle |
| Water frontage | No boat access. Two homes back to a pond, with pond and lake views from others |
| Pools | Four homes have a private in-ground pool, some fenced, some screened |
| Garage | Two-car garages throughout |
| Utilities | Public water and public sewer |
| Price range | 380,000 to 539,900 dollars, with the middle around 475,000 dollars |
| Price per square foot | About 176 dollars |
Palmetto Details
Square Footage Per Dollar
At roughly 176 dollars a square foot, Palmetto delivers more finished space for the money than almost anything else in this stretch of Merritt Island. If your requirement is five bedrooms and three baths under 550,000 dollars, this is one of the few places on the island that answers it.
Small Lots, Real Houses
Lots run about an eighth of an acre. The houses are big and the yards are not. Four owners still fit a screened pool in back, but a fenced play yard, a boat trailer and a workshop shed are not all going to happen on the same parcel.
Mid-2000s Systems
Built in 2005 and 2006, so original roofs have generally been replaced once, and air conditioning and water heaters are on their second round. Several homes have added tankless gas water heating. Ask for dates on the roof, the air handler and the electrical panel.
Low Dues, Light Touch
Annual dues of 390 to 400 dollars sit at the low end for a covenanted Merritt Island community, and the association is run from off site rather than by on-site staff. That keeps costs down and it also means common area upkeep is modest. Read the budget.
Pond At The Center
Two homes back directly to the pond and several more have a water view across it. There is no navigable access anywhere in Palmetto, so this is about outlook, morning light and having no rear neighbor rather than about boats.
The Courtenay Corridor
Venetian Way puts you on North Courtenay Parkway in seconds, which is convenient for errands and less so for quiet. Drive the street at five on a weekday before you decide how much the traffic noise on the western edge matters to you.
Homes For Sale In Palmetto
Active Palmetto listings appear below. This is a small subdivision, so it is common for months to pass with nothing available on Glenridge Circle.
Palmetto Frequently Asked Questions
Where is Palmetto in Merritt Island?
Palmetto is in central Merritt Island, FL 32953, on the east side of North Courtenay Parkway between State Road 520 and State Road 528. From Courtenay you turn east on Venetian Way and then onto Glenridge Circle, which is the only street in the subdivision.
Is there an HOA in Palmetto and what does it cost?
Yes. Palmetto Homeowners Association of Brevard County, Inc. has been a registered Florida nonprofit since 2004, and dues run 390 to 400 dollars a year. Administration is handled off site rather than by full time on-site staff. Ask for the declaration and the current budget during your inspection period.
Are the homes in Palmetto one story or two?
Mostly two. Five of the seven most active homes are two story, which is what makes a 3,000 square foot house work on an eighth-acre lot. A few single story plans exist. Some of the two-story homes have an upstairs balcony off the primary suite.
What do homes cost in Palmetto?
The range runs from about 380,000 dollars to roughly 540,000 dollars, with the middle in the mid 400s. At about 176 dollars a square foot, this is the value position in the central Merritt Island corridor, largely because of the compact lots and two-story layouts.
Is there waterfront in Palmetto?
There is a pond, not boating water. Two homes back directly to it and several others have a pond or lake view. Nobody in Palmetto keeps a boat behind the house, and there is no dock access from the subdivision.
How large are the lots?
Between 0.13 and 0.18 acre, with 0.13 acre typical. That is small for Merritt Island. The upside is minimal yard upkeep, the downside is limited outdoor space, and four owners have chosen to give most of theirs to a screened pool.
How long do homes take to sell in Palmetto?
About five weeks is typical, and sellers generally settle near 97 percent of the original asking price. That is a slower pace than the older, smaller subdivisions nearby, largely because the buyer looking for 2,800 square feet at this price point is a narrower group.
Is Palmetto in a flood zone?
Assignment is made lot by lot. Brevard County Public Works Floodplain Administration, at (321) 617-7340, is the official county repository for the FEMA flood map panels and issues written flood zone determinations and elevation certificates. Get one in writing rather than relying on a general assumption.
Glenridge Circle, Merritt Island 32953
Palmetto occupies a compact block on the east side of North Courtenay Parkway in central Merritt Island, between State Road 520 to the south and State Road 528 to the north. Venetian Way is the entrance road and Glenridge Circle loops through the subdivision behind it. The location is deliberately practical: you are on the island's main commercial spine within seconds of leaving your driveway.
That puts everyday errands within a five minute drive and the causeways close on both sides. State Road 520 runs east to Cocoa Beach in about fifteen minutes and west across the Indian River to Cocoa and the mainland in about ten. State Road 528 is a couple of miles north, with Port Canaveral roughly twenty minutes east and Orlando under an hour west. Kelly Park East on North Banana River Drive is the closest public boat ramp.
Near Palmetto In Merritt Island
Considering Palmetto?
Palmetto rewards a buyer who wants space inside and is honest with themselves about the yard. My partner Nichole and I can show you what 2,800 square feet on Glenridge Circle costs against a smaller single story a mile away, and we will be straight about which one holds value better for how you actually live. Call or text (321) 212-7676 and we will look at both before you decide.
Experience refined Florida living in this impressive 5-bedroom, 3-full-bath residence offering over 3,000 sq ft under air in highly desirable Palmetto. A gracious foyer s...
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