225 RICHLAND, MERRITT ISLAND, FL, 32953
Active317 days on marketListed Sep 25, 2025MLS #O6346730
About this home
225 RICHLAND
Stunning waterfront sanctuary on Merritt Island —whether you’re seeking an ideal forever home, a smart investment, or a short-term rental machine, this property checks every box. Beautifully renovated and offering approximately 2,100 sq ft of living space, this 4-bed, 2-bath home features modern finishes and a thoughtfully designed layout perfect for entertaining and everyday living. Brand new cabinets and counters, brand new tankless water heater (2025) updated vinyl waterproof flooring, fresh interior paint, Step inside to an open-plan family room and living zone where natural light floods the space and draws your attention to a beautifully updated gourmet kitchen—featuring sleek cabinetry, high-end appliances, and ample workspace for culinary creativity. Large windows and sliding glass doors frame the serene canal views, inviting the sunshine and tranquil water vistas into your home. In the private outdoor space—your very own waterfront lot—you’ll find a lushly landscaped setting built for both relaxing and recreation. The pool deck and covered patio overlook the tranquil canal with direct water access: ideal for boating, kayaking, fishing, or simply welcoming the Florida sun and coastal breezes. Whether you're unwinding with family or hosting friends, this home offers the kind of lifestyle many only dream about. Located in the heart of the Catalina Isle Estates Unit 2 neighborhood, you’re just minutes away from Merritt Island’s waterfront, beaches, nature preserves, and the vibrant amenities of Florida’s Space Coast. This is a destination address—close to Cocoa Beach, Port Canaveral, and the iconic Kennedy Space Center. The location not only provides outstanding living, but also tremendous investment potential. From an income standpoint: the short-term rental market in Merritt Island is strong. With 4 bedrooms, inviting waterfront access, and superb location, this home is not just a living space—it’s a ready-made revenue-generator. If you’ve been looking for a home that offers luxury, flexibility, and an unbeatable location, 225 Richland Ave is the one. Reach out today to schedule your private showing—there are homes like this, and then there are homes like THIS. Listing Agent Is Owner.
Facts & features
The home at a glance
4
Bedrooms
2
Bathrooms
1,900
Sqft
0.18 ac
Lot size
1964
Year built
One
Levels
$258
Per sqft
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.
$3,647 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$3,647/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+15.8%
$/sqft vs Merritt Island actives
$258 vs $257
Days on market
317 vs 55 typical
Where $258/sqft sits among the 45 Merritt Island actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Catalina Isle Estates
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Merritt Island. See the full Merritt Island guide →
Catalina Isle Estates — neighborhood snapshot
Population
1,205
Median age
35
Median income
$90,151
Median home value
$326,064
Avg household
3
Households w/ children
146
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 → $607K
Merritt Island median sold, yr/yr
97.1%
Sale-to-list ratio (12 mo)
26 of 45
Merritt Island actives have cut their price
Median sold price, Merritt Island, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 32% above the MERRITT ISLAND 32953 median. See the full Merritt Island market guide →
Paper trail
This home's history
Reality check
What actually sold near 225 RICHLAND
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$471,000
240 RIVERSIDE AVENUE
4 bd · 3 ba · 1,926 sqft · $245/sqft · 167 DOM
Sold · Jul ’26$300,000
421 4TH STREET
3 bd · 2 ba · 1,938 sqft · $155/sqft · 325 DOM
Sold · Aug ’25$325,000
820 HAMPTON WAY
4 bd · 2 ba · 1,857 sqft · $175/sqft · 17 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 225 RICHLAND — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 225 RICHLAND — 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
225 RICHLAND FAQs
What would the monthly payment be for 225 RICHLAND?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,647/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 225 RICHLAND?+
The most recent tax bill on record (2024) was $4,633. 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 $490,000, this home is listed about 15% below the Merritt Island median of $574,900. The market section on this page shows how the area is trending.
Which schools are assigned to 225 RICHLAND?+
Merritt Island High School (high), Audubon Elementary School (elementary), Thomas Jefferson Middle School (middle) — Brevard County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$490,000 runs 32% above the MERRITT ISLAND 32953 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
317 days on market against a Merritt Island median of 55 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Merritt Island High School, Audubon Elementary School, Thomas Jefferson Middle School — Thomas Jefferson Middle School rates 4 of 5. Always verify assignments with the district.
05The price has already moved
Listed at $549,000, now $490,000 — a $59K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of LPT REALTY, LLC · Sam Rivera. MLS #O6346730.
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 Stellar MLS.
Never miss a listing
New Merritt Island homes, in your inbox
Like 225 RICHLAND 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 →