Living in Florida's Space Coast
The Anchorage
The Anchorage is a gated condominium of twenty-one units at 420 Moore Park Lane, off South Tropical Trail just below State Road 520. Built in 2004 on the Indian River, the units run 2,206 to 2,522 square feet with three bedrooms, three baths, a two-car garage and an elevator. The monthly fee is high and it covers a long list of things you would otherwise pay for alone.
The Anchorage In Merritt Island, Florida
The Anchorage is a small gated condominium community on the Indian River, addressed at 420 Moore Park Lane and governed by the Anchorage Condominium Association of Brevard, Inc. There are twenty-one units in total, all built in 2004. The gate, the location off a side lane rather than a highway, and the small unit count together make it one of the quieter waterfront addresses in this part of Merritt Island.
These are not small condominiums. Each unit runs 2,206 to 2,522 square feet with three bedrooms and three full baths, ten foot ceilings, a screened balcony and a private two-car garage underneath. Buildings are concrete with elevator access to every floor. Top-floor corner units are the configuration people wait for, because the corner exposure adds glass on two sides and the top floor removes anyone walking above you.
Facing west across the Indian River is the whole point of the design. That means sunsets from the balcony, the lights of Cocoa Village across the water, and pelicans and dolphins as routine background. What you do not get here is a private dock or a boat slip. If keeping a vessel behind your home is a requirement, this community will not satisfy it, and I would rather say that now than three showings in.
The monthly assessment runs about 790 to 799 dollars, which sounds steep until you look at what it carries: building structure and grounds upkeep, the elevators, the community pool, a spa, cable television, water, gate and security, and professional oversight of the association. Against a single-family river house where roof, seawall, dock, pool and lawn are all yours alone, the economics are closer than the raw number suggests.
Turnover is slow. Units average about four months on the market and have settled near 90 percent of the original asking price, the widest negotiating gap and the longest marketing time of the waterfront communities in this stretch. Pricing has been tight, 465,000 to 490,000 dollars, at roughly 204 dollars a square foot. For river frontage in south Merritt Island, that per foot figure is unusually low.
The Anchorage At A Glance
The Anchorage, in the details buyers ask about first.
| Detail | What you get |
|---|---|
| Detail | Value |
| Location | 420 Moore Park Lane, off South Tropical Trail south of State Road 520, Merritt Island FL 32952 |
| Built | 2004 |
| Property type | Condominium, twenty-one units |
| Home size | 2,206 to 2,522 square feet, about 2,401 square feet typical |
| Bedrooms | 3 bedrooms with 3 full bathrooms |
| Lot size | 0.04 to 0.06 acre of assigned parcel, typical for a condominium unit |
| Construction | Concrete and stucco, elevator served, ten foot ceilings |
| Association | Mandatory. Anchorage Condominium Association of Brevard, Inc., roughly 790 to 799 dollars a month |
| Fee covers | Structure and grounds upkeep, elevators, community pool, spa, cable television, water, gated entry and professional association oversight |
| Gated | Yes, with a security gate at the entrance |
| Water frontage | Indian River frontage with river and intracoastal views. No private docks or boat slips |
| Balconies | Screened balconies on every unit, west facing toward the river |
| Garage | Private two-car garage per unit |
| Utilities | Public water and public sewer, with water included in the association fee |
| Time on market | About four months is typical |
| Price range | 465,000 to 490,000 dollars, at roughly 204 dollars a square foot |
The Anchorage Details
House-Sized Units
Twenty-four hundred square feet, three bedrooms, three full baths and a two-car garage is single-family scale in a condominium wrapper. For a buyer leaving a large house but unwilling to give up room, this is the configuration that usually works.
West-Facing Water
Every balcony looks across the Indian River toward Cocoa Village. Sunsets are the daily event, and the fireworks over the village on holiday nights are visible from the balcony. Morning sun comes in from behind the building instead of into your living room.
Gated And Small
A security gate, twenty-one units and an address on a side lane rather than a main road. This is one of the more private waterfront settings on this end of the island, and the small owner count means decisions get made by people who know each other.
The Fee Covers Real Costs
About 795 dollars a month is a substantial line item, but it absorbs structure and grounds upkeep, elevators, the pool, the spa, cable, water and gate operation. Compare it against what a waterfront house costs you in roof, seawall, insurance and lawn care before you judge it.
No Dock, No Slip
There is no private dock and no boat slip here. Anyone who wants a vessel behind the residence should be looking at the canal and river neighborhoods instead. Trailer boaters can use the county ramps, with Kelly Park East on North Banana River Drive the nearest.
A Slower Market
Four months on the market is typical and units have settled near 90 percent of the original asking price. That is a buyer's timeline, so if you like a specific floor plan, it is usually worth waiting for the right unit rather than taking whatever is listed today.
Homes For Sale In The Anchorage
Available units at The Anchorage are shown below. With twenty-one units total, expect long stretches with nothing on the market and then two at once.
The Anchorage Frequently Asked Questions
Where is The Anchorage in Merritt Island?
The Anchorage is at 420 Moore Park Lane in Merritt Island, FL 32952. From State Road 520 you turn south onto South Tropical Trail, then right onto Moore Park Lane, and the gated entrance is on the right. It sits on the Indian River shoreline.
How many units are in The Anchorage?
Twenty-one, all built in 2004. It is governed by the Anchorage Condominium Association of Brevard, Inc. The small size is a large part of the appeal and it also means listings are infrequent.
What does the condominium fee cover?
Roughly 790 to 799 dollars a month covers building structure and grounds upkeep, the elevators, the community pool, a spa, cable television, water, the security gate and professional association oversight. Ask for the current budget, the reserve study and the most recent structural reporting before you close.
Is The Anchorage gated?
Yes. There is a security gate at the entrance on Moore Park Lane, and gated access is listed among the association amenities. The setting off a side lane rather than a main road adds to the privacy.
Are there docks or boat slips?
No. The Anchorage fronts the Indian River but has no private docks and no assigned slips. If a boat behind the residence is a requirement, look instead at the canal neighborhoods off Sykes Creek or the river frontage further south.
How big are the units?
Between 2,206 and 2,522 square feet, with three bedrooms, three full bathrooms, ten foot ceilings, a screened balcony and a private two-car garage. Top-floor corner units carry the most glass and the best exposure, and they are the ones buyers tend to wait for.
What have units cost?
Pricing has been tight in the 465,000 to 490,000 dollar range, roughly 204 dollars a square foot. Units average about four months on the market and settle near 90 percent of their original asking price, so there is generally room to negotiate.
Is The Anchorage age restricted?
No. Ownership and occupancy carry no age limit here. Pet rules, leasing restrictions and other use limits are set by the condominium documents, so read the declaration and current rules during your inspection period.
Moore Park Lane, Merritt Island 32952
Moore Park Lane runs west off South Tropical Trail a short distance below State Road 520, ending at the Indian River. This is the transition zone where the commercial part of Merritt Island gives way to the residential south end, so you are close to everything on the Courtenay corridor without living on it. The river here is wide and open, with the mainland and Cocoa Village directly across.
The Merritt Island Causeway on State Road 520 is a few minutes north, carrying you east to Cocoa Beach in about fifteen minutes and west to Cocoa and Interstate 95 in about fifteen to twenty. Groceries, restaurants and services are all within a five to ten minute drive. The Pineda Causeway to the south is the faster route toward Suntree, Viera and Melbourne.
Near The Anchorage In Merritt Island
Considering The Anchorage?
With a condominium, the building matters as much as the unit, so the work is in the budget, the reserves, the structural reporting and the leasing rules. My partner Nichole and I will pull those documents, read them with you and tell you what the numbers imply about future assessments before you commit to anything. Call or text (321) 212-7676 and we will look at what is available on Moore Park Lane.
