127 Plover Ln #531 · Merritt Island, FL 32955

$275,000

3 bd · 2.5 ba · 1,655 sqft · Condo public records · 481 Days on market

Built 1997 $555/mo HOA · 20% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.1/30.0
• ARV discount +7.5/15.0
• 1% rule +5.3/10.0
• Schools +4.7/10.0
• DSCR +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled within the tranquil confines of a gated community along the picturesque shores of the Indian River, this condo in Rockledge offers an unparalleled blend of comfort, luxury, and convenience. Boasting an array of amenities and a location that embodies the essence of waterfront living, this property presents a rare opportunity to embrace a lifestyle of leisure and serenity. The community itself is a testament to coastal living at its finest, providing residents with access to an array of desirable features. From private dock slips for boating enthusiasts to a serene fishing pier and picnic area, every aspect of waterfront recreation is readily available. For those who prefer to explore the waterways by kayak, a dedicated storage area ensures easy access. Tennis courts invite friendly matches, while a resort-sized solar-heated pool offers the perfect setting for relaxation and rejuvenation. The clubhouse, complete with a kitchen and fitness room, serves as a social hub where neighbors can gather and forge lasting friendships. Stepping inside the home, one is immediately struck by the seamless fusion of elegance and functionality. The interior is adorned with tile flooring throughout, providing both durability and aesthetic appeal. The open floor plan enhances the sense of spaciousness, creating an inviting atmosphere for both everyday living and entertaining guests. The heart of the home lies in its meticulously remodeled kitchen, where luxury meets practicality. Featuring granite countertops, stainless steel appliances, a vented range, and a tasteful tile backsplash, this culinary haven is as visually stunning as it is functional. A breakfast bar illuminated by pendant lights offers a casual dining option, while the adjacent eat-in kitchen provides ample space for family meals. A screened-in porch beckons residents to unwind and savor the gentle breezes off the river, offering a peaceful retreat from the outside world. The convenience of a first-floor bedroom and half bath adds flexibility to the living arrangement, catering to guests or multigenerational households with ease. Ascending the stairs, residents are greeted by two additional bedrooms, each boasting an en-suite bath for added privacy and comfort. The primary bathroom has been thoughtfully renovated to reflect modern tastes, featuring sleek finishes and contemporary design elements. A spacious walk-in closet provides ample storage space. Completing the picture of convenience is a one-car garage, offering shelter for vehicles or additional storage as needed. The downstairs half bath has been updated with a modern vanity, while the second bath features a convenient shower-tub combination. This condo offers far more than just a place to call home it presents a lifestyle of luxury and leisure in one of Rockledge's most coveted communities. With its unparalleled amenities, waterfront location, and tastefully appointed interiors, this property is sure to captivate discerning buyers seeking the epitome of coastal living.

Key facts

• Fishing pier
• Huge rec areas
• Boat dock

Tags

• GATED RIVERFRONT COMMUNITY
• UPDATED KITCHEN
• HUGE REC AREAS
• FISHING PIER
• RESORT SIZED POOL
• BOAT DOCK

Property features AI

Finance

• Other: Unit furnishing negotiable
• HOA & community: Association-managed by Advanced Property Management; Monthly HOA fee (listed) covering cable TV, internet, and grounds maintenance; Association amenities include: barbecue, boat dock, clubhouse, gated entry, jogging path, maintained grounds, off-site management, tennis courts

Exterior

• Parking: Garage (1 car)
• Security: Gated community (association amenity)
• Utilities: Public sewer; Cable available and connected; Electricity connected; Natural gas available and connected; Water available and connected; Sewer connected
• Home design: Condominium; 2 stories; Entry level: 1; North-facing
• Construction: Block and stucco construction
• Exterior features: Private lot with 'Other' lot features; Yard on a 0.08-acre lot; No private pool

Interior

• Kitchen: Dishwasher; Gas range
• Bedrooms: 3 bedrooms
• Bathrooms: 3 bathrooms (2 full, 1 half)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Dishwasher; Gas range; Gas water heater
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath condo listed at $275k.

Deal economics

• At list price, monthly cash flow is $-58 ($-695/yr) — negative.
• To cash-flow at today's rent, offer at most $265k (3.7% below list).
• Meets the 1% rule at list price ($3k rent vs $275k).
• Recommended offer: $242k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#441 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A-; Watch: amenities F, commute F, health & safety D-.
• Brevard (suburban): math 53% / reading 57% proficiency, ranked #19 of 73 in FL (top 26%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Ralph M Williams Junior Elementary School (math 64% / reading 67%, grade B+, #500 of 2,144 statewide, top 24%, 451 students, 39% FRL); Ronald Mcnair Magnet Middle School (math 58% / reading 50%, grade B-, #196 of 571 statewide, top 36%, 364 students, 58% FRL); Viera High School (math 58% / reading 71%, grade B-, #78 of 667 statewide, top 13%, 2,289 students, 15% FRL).
• Market conditions: Rents flat; 321 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 39% of the median local income ($86k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 481 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask has dropped $30k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $242,000 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 481 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.03% ✓
• Cap rate: 6.04%
• Cash-on-cash: -0.90%
• DSCR: 0.96
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.12% rent growth · sell at horizon

5-year hold

• IRR: -21.7%
• Equity multiple: 0.27×
• Total profit: $-55,941
• Equity at exit: $41,003

10-year hold

• IRR: -27.0%
• Equity multiple: -0.08×
• Total profit: $-83,196
• Equity at exit: $23,777

Cash invested: $77,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32955

• Home prices YoY: -20.7%
• Rents YoY: 0.1%
• Active inventory: 321
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,831 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$183 /mo · $2,191/yr
• Insurance: −$115
• HOA: −$555
• Vacancy / Maint / Mgmt: −$594
• Net cashflow: $-58

Break-even live

Break-even rent $2,904

Max offer price $264,763

Occupancy floor 97%

Sensitivity live

Price	-10% $98	-5% $20	+0% $-58	+5% $-136	+10% $-214
Rent	-10% $-282	-5% $-170	+0% $-58	+5% $54	+10% $166
Rate	-1.0pp $81	-0.5pp $12	base $-58	+0.5pp $-129	+1.0pp $-202

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1385 Fuji Dr Melbourne, FL	3.0	2.0	1770	$3,000	$1.69	25d	1	0.52mi
915 Starling Way Rockledge, FL	3.0	2.0	2202	$3,495	$1.59	21d	1	1.44mi

HOA detail condo

• Monthly dues: $555 · $6,660/yr
• Likely covers: waterpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 27 events

1. 2026-06-07
   statusdays on market $275,000 Pending 481 DOM
2. 2026-06-05
   days on market $275,000 Active 480 DOM
3. 2026-06-03
   days on market $275,000 Active 479 DOM
4. 2026-06-02
   days on market $275,000 Active 478 DOM
5. 2026-06-01
   days on market $275,000 Active 477 DOM
6. 2026-05-31
   days on market $275,000 Active 476 DOM
7. 2026-05-31
   days on market $275,000 Active 475 DOM
8. 2026-04-24
   price $275,000
9. 2026-01-01
   price $285,000
10. 2025-09-22
    price $295,000
11. 2025-07-10
    status Active
12. 2025-06-17
    historical
13. 2025-02-04
    price $299,900
14. 2025-01-17
    listed $305,000 Active
15. 2024-06-18
    soldstatus $290,000
16. 2024-06-14
    soldstatus $290,000 Closed 3034-char remark

    Show marketing remark (3034 chars)

    Nestled within the tranquil confines of a gated community along the picturesque shores of the Indian River, this condo in Rockledge offers an unparalleled blend of comfort, luxury, and convenience. Boasting an array of amenities and a location that embodies the essence of waterfront living, this property presents a rare opportunity to embrace a lifestyle of leisure and serenity. The community itself is a testament to coastal living at its finest, providing residents with access to an array of desirable features. From private dock slips for boating enthusiasts to a serene fishing pier and picnic area, every aspect of waterfront recreation is readily available. For those who prefer to explore the waterways by kayak, a dedicated storage area ensures easy access. Tennis courts invite friendly matches, while a resort-sized solar-heated pool offers the perfect setting for relaxation and rejuvenation. The clubhouse, complete with a kitchen and fitness room, serves as a social hub where neighbors can gather and forge lasting friendships. Stepping inside the home, one is immediately struck by the seamless fusion of elegance and functionality. The interior is adorned with tile flooring throughout, providing both durability and aesthetic appeal. The open floor plan enhances the sense of spaciousness, creating an inviting atmosphere for both everyday living and entertaining guests. The heart of the home lies in its meticulously remodeled kitchen, where luxury meets practicality. Featuring granite countertops, stainless steel appliances, a vented range, and a tasteful tile backsplash, this culinary haven is as visually stunning as it is functional. A breakfast bar illuminated by pendant lights offers a casual dining option, while the adjacent eat-in kitchen provides ample space for family meals. A screened-in porch beckons residents to unwind and savor the gentle breezes off the river, offering a peaceful retreat from the outside world. The convenience of a first-floor bedroom and half bath adds flexibility to the living arrangement, catering to guests or multigenerational households with ease. Ascending the stairs, residents are greeted by two additional bedrooms, each boasting an en-suite bath for added privacy and comfort. The primary bathroom has been thoughtfully renovated to reflect modern tastes, featuring sleek finishes and contemporary design elements. A spacious walk-in closet provides ample storage space. Completing the picture of convenience is a one-car garage, offering shelter for vehicles or additional storage as needed. The downstairs half bath has been updated with a modern vanity, while the second bath features a convenient shower-tub combination. This condo offers far more than just a place to call home it presents a lifestyle of luxury and leisure in one of Rockledge's most coveted communities. With its unparalleled amenities, waterfront location, and tastefully appointed interiors, this property is sure to captivate discerning buyers seeking the epitome of coastal living.

17. 2024-05-13
    status Pending 3034-char remark

    Show marketing remark (3034 chars)

    Nestled within the tranquil confines of a gated community along the picturesque shores of the Indian River, this condo in Rockledge offers an unparalleled blend of comfort, luxury, and convenience. Boasting an array of amenities and a location that embodies the essence of waterfront living, this property presents a rare opportunity to embrace a lifestyle of leisure and serenity. The community itself is a testament to coastal living at its finest, providing residents with access to an array of desirable features. From private dock slips for boating enthusiasts to a serene fishing pier and picnic area, every aspect of waterfront recreation is readily available. For those who prefer to explore the waterways by kayak, a dedicated storage area ensures easy access. Tennis courts invite friendly matches, while a resort-sized solar-heated pool offers the perfect setting for relaxation and rejuvenation. The clubhouse, complete with a kitchen and fitness room, serves as a social hub where neighbors can gather and forge lasting friendships. Stepping inside the home, one is immediately struck by the seamless fusion of elegance and functionality. The interior is adorned with tile flooring throughout, providing both durability and aesthetic appeal. The open floor plan enhances the sense of spaciousness, creating an inviting atmosphere for both everyday living and entertaining guests. The heart of the home lies in its meticulously remodeled kitchen, where luxury meets practicality. Featuring granite countertops, stainless steel appliances, a vented range, and a tasteful tile backsplash, this culinary haven is as visually stunning as it is functional. A breakfast bar illuminated by pendant lights offers a casual dining option, while the adjacent eat-in kitchen provides ample space for family meals. A screened-in porch beckons residents to unwind and savor the gentle breezes off the river, offering a peaceful retreat from the outside world. The convenience of a first-floor bedroom and half bath adds flexibility to the living arrangement, catering to guests or multigenerational households with ease. Ascending the stairs, residents are greeted by two additional bedrooms, each boasting an en-suite bath for added privacy and comfort. The primary bathroom has been thoughtfully renovated to reflect modern tastes, featuring sleek finishes and contemporary design elements. A spacious walk-in closet provides ample storage space. Completing the picture of convenience is a one-car garage, offering shelter for vehicles or additional storage as needed. The downstairs half bath has been updated with a modern vanity, while the second bath features a convenient shower-tub combination. This condo offers far more than just a place to call home it presents a lifestyle of luxury and leisure in one of Rockledge's most coveted communities. With its unparalleled amenities, waterfront location, and tastefully appointed interiors, this property is sure to captivate discerning buyers seeking the epitome of coastal living.

18. 2024-05-08
    price $295,000 3034-char remark

    Show marketing remark (3034 chars)

    Nestled within the tranquil confines of a gated community along the picturesque shores of the Indian River, this condo in Rockledge offers an unparalleled blend of comfort, luxury, and convenience. Boasting an array of amenities and a location that embodies the essence of waterfront living, this property presents a rare opportunity to embrace a lifestyle of leisure and serenity. The community itself is a testament to coastal living at its finest, providing residents with access to an array of desirable features. From private dock slips for boating enthusiasts to a serene fishing pier and picnic area, every aspect of waterfront recreation is readily available. For those who prefer to explore the waterways by kayak, a dedicated storage area ensures easy access. Tennis courts invite friendly matches, while a resort-sized solar-heated pool offers the perfect setting for relaxation and rejuvenation. The clubhouse, complete with a kitchen and fitness room, serves as a social hub where neighbors can gather and forge lasting friendships. Stepping inside the home, one is immediately struck by the seamless fusion of elegance and functionality. The interior is adorned with tile flooring throughout, providing both durability and aesthetic appeal. The open floor plan enhances the sense of spaciousness, creating an inviting atmosphere for both everyday living and entertaining guests. The heart of the home lies in its meticulously remodeled kitchen, where luxury meets practicality. Featuring granite countertops, stainless steel appliances, a vented range, and a tasteful tile backsplash, this culinary haven is as visually stunning as it is functional. A breakfast bar illuminated by pendant lights offers a casual dining option, while the adjacent eat-in kitchen provides ample space for family meals. A screened-in porch beckons residents to unwind and savor the gentle breezes off the river, offering a peaceful retreat from the outside world. The convenience of a first-floor bedroom and half bath adds flexibility to the living arrangement, catering to guests or multigenerational households with ease. Ascending the stairs, residents are greeted by two additional bedrooms, each boasting an en-suite bath for added privacy and comfort. The primary bathroom has been thoughtfully renovated to reflect modern tastes, featuring sleek finishes and contemporary design elements. A spacious walk-in closet provides ample storage space. Completing the picture of convenience is a one-car garage, offering shelter for vehicles or additional storage as needed. The downstairs half bath has been updated with a modern vanity, while the second bath features a convenient shower-tub combination. This condo offers far more than just a place to call home it presents a lifestyle of luxury and leisure in one of Rockledge's most coveted communities. With its unparalleled amenities, waterfront location, and tastefully appointed interiors, this property is sure to captivate discerning buyers seeking the epitome of coastal living.

19. 2024-04-15
    price $305,000 3034-char remark

    Show marketing remark (3034 chars)

    Nestled within the tranquil confines of a gated community along the picturesque shores of the Indian River, this condo in Rockledge offers an unparalleled blend of comfort, luxury, and convenience. Boasting an array of amenities and a location that embodies the essence of waterfront living, this property presents a rare opportunity to embrace a lifestyle of leisure and serenity. The community itself is a testament to coastal living at its finest, providing residents with access to an array of desirable features. From private dock slips for boating enthusiasts to a serene fishing pier and picnic area, every aspect of waterfront recreation is readily available. For those who prefer to explore the waterways by kayak, a dedicated storage area ensures easy access. Tennis courts invite friendly matches, while a resort-sized solar-heated pool offers the perfect setting for relaxation and rejuvenation. The clubhouse, complete with a kitchen and fitness room, serves as a social hub where neighbors can gather and forge lasting friendships. Stepping inside the home, one is immediately struck by the seamless fusion of elegance and functionality. The interior is adorned with tile flooring throughout, providing both durability and aesthetic appeal. The open floor plan enhances the sense of spaciousness, creating an inviting atmosphere for both everyday living and entertaining guests. The heart of the home lies in its meticulously remodeled kitchen, where luxury meets practicality. Featuring granite countertops, stainless steel appliances, a vented range, and a tasteful tile backsplash, this culinary haven is as visually stunning as it is functional. A breakfast bar illuminated by pendant lights offers a casual dining option, while the adjacent eat-in kitchen provides ample space for family meals. A screened-in porch beckons residents to unwind and savor the gentle breezes off the river, offering a peaceful retreat from the outside world. The convenience of a first-floor bedroom and half bath adds flexibility to the living arrangement, catering to guests or multigenerational households with ease. Ascending the stairs, residents are greeted by two additional bedrooms, each boasting an en-suite bath for added privacy and comfort. The primary bathroom has been thoughtfully renovated to reflect modern tastes, featuring sleek finishes and contemporary design elements. A spacious walk-in closet provides ample storage space. Completing the picture of convenience is a one-car garage, offering shelter for vehicles or additional storage as needed. The downstairs half bath has been updated with a modern vanity, while the second bath features a convenient shower-tub combination. This condo offers far more than just a place to call home it presents a lifestyle of luxury and leisure in one of Rockledge's most coveted communities. With its unparalleled amenities, waterfront location, and tastefully appointed interiors, this property is sure to captivate discerning buyers seeking the epitome of coastal living.

20. 2024-03-07
    listed $315,000 Active 3034-char remark

    Show marketing remark (3034 chars)

    Nestled within the tranquil confines of a gated community along the picturesque shores of the Indian River, this condo in Rockledge offers an unparalleled blend of comfort, luxury, and convenience. Boasting an array of amenities and a location that embodies the essence of waterfront living, this property presents a rare opportunity to embrace a lifestyle of leisure and serenity. The community itself is a testament to coastal living at its finest, providing residents with access to an array of desirable features. From private dock slips for boating enthusiasts to a serene fishing pier and picnic area, every aspect of waterfront recreation is readily available. For those who prefer to explore the waterways by kayak, a dedicated storage area ensures easy access. Tennis courts invite friendly matches, while a resort-sized solar-heated pool offers the perfect setting for relaxation and rejuvenation. The clubhouse, complete with a kitchen and fitness room, serves as a social hub where neighbors can gather and forge lasting friendships. Stepping inside the home, one is immediately struck by the seamless fusion of elegance and functionality. The interior is adorned with tile flooring throughout, providing both durability and aesthetic appeal. The open floor plan enhances the sense of spaciousness, creating an inviting atmosphere for both everyday living and entertaining guests. The heart of the home lies in its meticulously remodeled kitchen, where luxury meets practicality. Featuring granite countertops, stainless steel appliances, a vented range, and a tasteful tile backsplash, this culinary haven is as visually stunning as it is functional. A breakfast bar illuminated by pendant lights offers a casual dining option, while the adjacent eat-in kitchen provides ample space for family meals. A screened-in porch beckons residents to unwind and savor the gentle breezes off the river, offering a peaceful retreat from the outside world. The convenience of a first-floor bedroom and half bath adds flexibility to the living arrangement, catering to guests or multigenerational households with ease. Ascending the stairs, residents are greeted by two additional bedrooms, each boasting an en-suite bath for added privacy and comfort. The primary bathroom has been thoughtfully renovated to reflect modern tastes, featuring sleek finishes and contemporary design elements. A spacious walk-in closet provides ample storage space. Completing the picture of convenience is a one-car garage, offering shelter for vehicles or additional storage as needed. The downstairs half bath has been updated with a modern vanity, while the second bath features a convenient shower-tub combination. This condo offers far more than just a place to call home it presents a lifestyle of luxury and leisure in one of Rockledge's most coveted communities. With its unparalleled amenities, waterfront location, and tastefully appointed interiors, this property is sure to captivate discerning buyers seeking the epitome of coastal living.

21. 2024-02-29
    historical $315,000 3034-char remark

    Show marketing remark (3034 chars)

    Nestled within the tranquil confines of a gated community along the picturesque shores of the Indian River, this condo in Rockledge offers an unparalleled blend of comfort, luxury, and convenience. Boasting an array of amenities and a location that embodies the essence of waterfront living, this property presents a rare opportunity to embrace a lifestyle of leisure and serenity. The community itself is a testament to coastal living at its finest, providing residents with access to an array of desirable features. From private dock slips for boating enthusiasts to a serene fishing pier and picnic area, every aspect of waterfront recreation is readily available. For those who prefer to explore the waterways by kayak, a dedicated storage area ensures easy access. Tennis courts invite friendly matches, while a resort-sized solar-heated pool offers the perfect setting for relaxation and rejuvenation. The clubhouse, complete with a kitchen and fitness room, serves as a social hub where neighbors can gather and forge lasting friendships. Stepping inside the home, one is immediately struck by the seamless fusion of elegance and functionality. The interior is adorned with tile flooring throughout, providing both durability and aesthetic appeal. The open floor plan enhances the sense of spaciousness, creating an inviting atmosphere for both everyday living and entertaining guests. The heart of the home lies in its meticulously remodeled kitchen, where luxury meets practicality. Featuring granite countertops, stainless steel appliances, a vented range, and a tasteful tile backsplash, this culinary haven is as visually stunning as it is functional. A breakfast bar illuminated by pendant lights offers a casual dining option, while the adjacent eat-in kitchen provides ample space for family meals. A screened-in porch beckons residents to unwind and savor the gentle breezes off the river, offering a peaceful retreat from the outside world. The convenience of a first-floor bedroom and half bath adds flexibility to the living arrangement, catering to guests or multigenerational households with ease. Ascending the stairs, residents are greeted by two additional bedrooms, each boasting an en-suite bath for added privacy and comfort. The primary bathroom has been thoughtfully renovated to reflect modern tastes, featuring sleek finishes and contemporary design elements. A spacious walk-in closet provides ample storage space. Completing the picture of convenience is a one-car garage, offering shelter for vehicles or additional storage as needed. The downstairs half bath has been updated with a modern vanity, while the second bath features a convenient shower-tub combination. This condo offers far more than just a place to call home it presents a lifestyle of luxury and leisure in one of Rockledge's most coveted communities. With its unparalleled amenities, waterfront location, and tastefully appointed interiors, this property is sure to captivate discerning buyers seeking the epitome of coastal living.

22. 2016-08-16
    historical 226-char remark

    Show marketing remark (226 chars)

    What a great property on the scenic Indian River. Privacy galore in one of Brevards best kept secret communities. Underpriced unit for a quick sale. Home needs some TLC so the owner is offering 5k towards purchase for repairs.

23. 2008-06-24
    soldstatus $145,000
24. 2008-05-08
    listed $165,000
25. 2006-04-10
    listed $199,900 226-char remark

    Show marketing remark (226 chars)

    What a great property on the scenic Indian River. Privacy galore in one of Brevards best kept secret communities. Underpriced unit for a quick sale. Home needs some TLC so the owner is offering 5k towards purchase for repairs.

26. 2003-08-08
    soldstatus $141,300
27. 1994-12-01
    soldstatus $242,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,191 · $183/mo
• Projected year-2 tax: $2,282 · $190/mo
• Expected delta: +$92/yr (+$8/mo · 4.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $33,969
• − Mortgage interest: −$15,404
• − Property taxes: −$2,191
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,718
• − Management: −$2,718
• − HOA: −$6,660
• − Depreciation: −$8,000
• Taxable loss: −$5,096
• Est. tax savings @ 24.0%: +$1,223
• After-tax cash flow: $528/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Brevard
• NCES district ID: 1200150
• Math proficiency: 53% ▼ -9.00%
• Reading proficiency: 57% ▼ -4.00%
• Median HH income: $49,426
• Composite: 46.86/100
• National rank: #2370
• State rank: #19 of 73 in FL

Livability — Merritt Island

• Score: 70/100
• State rank: #441
• US rank: #7878

Category grades

Amenities F Commute F Cost of living C+ Crime A+ Employment A- Housing A+ Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Brevard County · 602,871 people
• City population: 46,372
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 41,008
• Household income: $86,457
• Rent vs Own: 22.9% rent · 77.1% own
• Severe rent burden: 1273.0

Population outlook (Brevard County) Hauer SSP2

• Today (2025): 623,254 people
• By 2030: 648,420 · +4.0%
• By 2040: 690,009 · +10.7%
• By 2050: 715,669 · +14.8%
• By 2075: 775,744 · +24.5%
• By 2100: 776,687 · +24.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 14% Hispanic / Latino 9% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Slovak 3% Romanian 2% Serbian 2%
• Foreign-born: 7% · Canada, Jamaica, Mexico
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 2%

Political lean MEDSL · Brevard

• 2024 margin: Strong R (+20.8) · D 39.1% · R 59.9% · Other 1.0%
• 2008→2024 swing: -10.4pp toward R · 2008: -10.4pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+16.4 2016: R+19.8 2012: R+12.7 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.70%
• Current HPI: 312.7435
• Rent YoY: ▲ 0.12%
• Metro: Palm Bay-Melbourne-Titusville, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+13.6% since first listed

20 events — show timeline

• 2026-04-24 Price Changed $275,000 SCMLS
• 2026-01-01 Price Changed $285,000 SCMLS
• 2025-09-22 Price Changed $295,000 SCMLS
• 2025-07-10 Relisted — SCMLS
• 2025-06-17 Listing Removed — SCMLS
• 2025-02-04 Price Changed $299,900 SCMLS
• 2025-01-17 Listed $305,000 SCMLS
• 2024-06-18 Sold (Public Records) $290,000 Public Records
• 2024-06-14 Sold (MLS) $290,000 SCMLS
• 2024-05-13 Pending — SCMLS
• 2024-05-08 Price Changed $295,000 SCMLS
• 2024-04-15 Price Changed $305,000 SCMLS
• 2024-03-07 Listed $315,000 SCMLS
• 2024-02-29 Coming Soon $315,000 SCMLS
• 2016-08-16 Listing Removed — SCMLS
• 2008-06-24 Sold (MLS) $145,000 SCMLS
• 2008-05-08 Listed $165,000 SCMLS
• 2006-04-10 Listed $199,900 SCMLS
• 2003-08-08 Sold (Public Records) $141,300 Public Records
• 1994-12-01 Sold (Public Records) $242,000 Public Records

Property tax history

+0.6%/yr

Latest (2025): $2,191 · -37.8% YoY. Source: county tax records.