1540 Outer Drive, Merritt Island FL 32952, MERRITT ISLAND, FL, 32952
Active61 days on marketListed Jun 18, 2026MLS #B26042793
About this home
1540 Outer Drive, Merritt Island FL 32952
OCEAN ACCESS 0.78 acre lot with BRAND NEW 75 FOOT DOCK with two twin slips and Locking Gate dock entry. Surrounded by Pristine million-dollar homes. On a cul de sac street for easy access. Almost 1/2 acre cleared level ready to build and currently maintained and mowed . . Multiple documents & permits already done including new survey, new soil & perc tests done, new survey, and mangrove permits already completed & maintained that will save you valuable time for building your dream home/property. Quick access to Merritt island Causeway (only 1 mile ) Brilliant views of intracoastal & Banana River with Stunning sunsets from property.
Facts & features
The home at a glance
0.78 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$4,200 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,200/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Angel City
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Merritt Island. See the full Merritt Island guide →
Angel City — neighborhood snapshot
Population
3,330
Median age
49
Median income
$90,453
Median home value
$363,897
Avg household
2
Households w/ children
268
For the school run
Brevard County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Merritt Island market
$430K → $452K
Merritt Island median sold, yr/yr
97.1%
Sale-to-list ratio (12 mo)
Median sold price, Merritt Island, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 19% above the MERRITT ISLAND 32952 median. See the full Merritt Island market guide →
Paper trail
This home's history
Reality check
What actually sold near 1540 Outer Drive
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$138,000
250 N BANANA RIVER DRIVE UNIT A4
1 bd · 1 ba · 720 sqft · $192/sqft · 27 DOM
Sold · Dec ’25$185,000
160 BOUNTY STREET UNIT 104
3 bd · 2 ba · 882 sqft · $210/sqft · 0 DOM
Sold · Sep ’25$170,000
250 N BANANA RIVER DRIVE UNIT C11
2 bd · 1 ba · 912 sqft · $186/sqft · 22 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1540 Outer Drive — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1540 Outer Drive — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
1540 Outer Drive FAQs
What would the monthly payment be for 1540 Outer Drive, Merritt Island FL 32952?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,200/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 1540 Outer Drive, Merritt Island FL 32952?+
The most recent tax bill on record (2025) was $68. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Merritt Island?+
At $699,000, this home is listed about 25% above the Merritt Island median of $559,900. The market section on this page shows how the area is trending.
Which schools are assigned to 1540 Outer Drive, Merritt Island FL 32952?+
Thomas Jefferson Middle School (middle), Tropical Elementary School (elementary), Merritt Island High School (high) — Brevard County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$699,000 runs 19% above the MERRITT ISLAND 32952 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Strong assigned schools
Thomas Jefferson Middle School, Tropical Elementary School, Merritt Island High School — Thomas Jefferson Middle School rates 4 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $729,750, now $699,000 — a $31K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New Merritt Island homes, in your inbox
Like 1540 Outer Drive, Merritt Island FL 32952 but not quite? A daily digest of every new listing in Merritt Island — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →