Waterway Manor
More than 125 homes built between 1967 and 1978, most of them on canals cut to Sykes Creek and the Banana River. A hundred dollars a year in dues, which is one of the lowest association fees anywhere on the island.
Waterway Manor, Merritt Island
Waterway Manor sits in Central Merritt Island behind the Publix, and it is one of the clearest examples of what the island does well. More than 125 homes, built between 1967 and 1978, with the majority sitting on canals cut through to Sykes Creek and the Banana River.
The association dues are reported at one hundred dollars a year. Not a month. That is close to nominal, and it tells you what kind of neighborhood this is: no gate, no clubhouse, no pool, no amenity package you are subsidising. What you get is a canal, a dock if the house has one, and low carrying costs.
The construction era matters. Late sixties and seventies Florida block homes are sturdy, but original seawalls from that period are now approaching sixty years old, and seawall replacement is a six figure conversation. That is the single most important thing to establish before you make an offer here, and it will not appear in a standard home inspection report.
Reported sales have spanned a very wide band, from around $109,400 historically up to $699,000. That range reflects both the era spread and, more importantly, the difference between a canal lot with a sound seawall and dock and a home where neither is true.
Waterway Manor At A Glance
Figures below come from published neighborhood data. Where something is single sourced we say so, and we verify against county records for any specific address.
| Detail | What we can confirm |
|---|---|
| Location | Central Merritt Island, MLS Area 251, behind the Publix |
| Community size | More than 125 homes |
| Era | 1967 to 1978 |
| Housing type | Single family, predominantly concrete block |
| Water access | Majority of lots on canals cut to Sykes Creek and the Banana River |
| HOA dues | Reported at $100 per year. Confirm the current figure before you offer. |
| Gated | No |
| Amenities | None. There is no clubhouse or pool, which is why the dues are what they are. |
| Reported price range | About $109,400 to $699,000 across the neighborhood's sales history. We pull live comps before any offer. |
| The critical variable | Seawall age and condition. Original seawalls here are approaching sixty years old and replacement is a six figure item. |
Living In Waterway Manor
Canal Access
Most lots sit on canals connecting to Sykes Creek and the Banana River.
Very Low Dues
One hundred dollars a year. Almost nothing by Florida standards.
No Amenity Burden
No pool, no clubhouse, nothing to assess for. That is the trade for low dues.
Concrete Block
Late sixties and seventies block construction throughout.
Central Position
Behind the Publix, so everyday errands are genuinely walkable-adjacent by island standards.
Mature Canopy
A fifty-plus year old neighborhood has trees a new subdivision cannot replicate.
Private Docks
Common on canal lots. Confirm permits and whether a lift conveys.
Seawall Age
Named here as a feature because it is the number one thing to investigate, not because it is a selling point.
Waterway Manor Frequently Asked Questions
How much are HOA fees in Waterway Manor?
Published figures put the dues at $100 per year, which is unusually low. There is no pool or clubhouse to fund, which is the reason. Confirm the current figure with the association before you write an offer.
Is Waterway Manor waterfront?
Mostly. The majority of lots sit on canals cut to Sykes Creek and the Banana River, though not every lot in the neighborhood is canal front. Confirm per address.
When was Waterway Manor built?
Between 1967 and 1978.
What is the biggest risk buying in Waterway Manor?
Seawall condition. Original seawalls in this neighborhood are approaching sixty years old, and replacement runs into six figures. It is not covered by a standard home inspection, so it has to be investigated separately. We do that before you go under contract.
What do homes cost in Waterway Manor?
Reported sales history spans roughly $109,400 to $699,000. That spread reflects the difference between a sound canal lot with a good seawall and dock, and one where those things need work. Live comps matter more than the range here.
Is Waterway Manor gated?
No, and there are no community amenities. That is a deliberate tradeoff for very low dues.
Can I keep a boat at Waterway Manor?
Many homes have private docks on the canal. Whether your specific boat works depends on draft, dock condition and clearance out to Sykes Creek and the Banana River. Worth confirming for your boat before you choose an address.
Is Waterway Manor a good value?
It is one of the better canal-access values on the island because the dues are near zero and the location is central. The caveat is the age of the infrastructure, which is exactly why the inspection scope here needs to be wider than normal.
Looking At Waterway Manor?
This is one of the better canal values on the island, and it is also where a sixty-year-old seawall can turn a good buy into an expensive one. We get the seawall and dock permit history before you write.
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