390 URSA AVENUE, MERRITT ISLAND, FL, 32953
Active59 days on marketListed Jun 12, 2026MLS #O6416085
About this home
390 URSA AVENUE
Welcome to 390 Ursa Ave, a beautifully reimagined waterfront home tucked away on a quiet street in desirable Diana Shores. This 3-bedroom, 2-bath residence offers the rare opportunity to enjoy waterfront living without a single project on your to-do list. Nearly every component of the home has been professionally upgraded and county permitted, including new copper wiring, electrical panel, outlets, fixtures, ceiling fans, complete cast iron plumbing replacement, impact windows, irrigation system, luxury vinyl plank and tile flooring, and stunning kitchen and bath renovations. Step outside to composite decking, a louvered pergola, and a new 45-foot seawall with picturesque canal views. With room for both a pool and private boat dock, this property is ready for your waterfront lifestyle. Move-in ready and practically brand new from top to bottom, homes offering this level of renovation, craftsmanship, and waterfront appeal at this price point are exceptionally rare. Don't sleep on it
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,499
Sqft
0.2 ac
Lot size
2
Garage
1967
Year built
One
Levels
$483
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.
$4,667 /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
$4,667/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.
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
+76.9%
$/sqft vs Merritt Island actives
$483 vs $258
Days on market
59 vs 55 typical
Where $483/sqft sits among the 43 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 Diana Shores
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Merritt Island. See the full Merritt Island guide →
Diana Shores — neighborhood snapshot
Population
1,339
Median age
58
Median income
$107,583
Median home value
$469,700
Avg household
2
Households w/ children
90%
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)
23 of 43
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 86% 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 390 URSA AVENUE
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$579,000
455 SAN CRISTOBAL COURT
3 bd · 2 ba · 1,496 sqft · $387/sqft · 2 DOM
Sold · Jun ’26$607,000
1035 MOLAKI DRIVE
3 bd · 2 ba · 1,487 sqft · $408/sqft · 2 DOM
Sold · Mar ’26$420,000
2150 JASON STREET
3 bd · 2 ba · 1,485 sqft · $283/sqft · 13 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 390 URSA AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 390 URSA AVENUE — 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
390 URSA AVENUE FAQs
What would the monthly payment be for 390 URSA AVENUE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,667/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 390 URSA AVENUE?+
The most recent tax bill on record (2025) was $3,950. 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 $724,000, this home is listed about 26% above the Merritt Island median of $574,900. The market section on this page shows how the area is trending.
Which schools are assigned to 390 URSA AVENUE?+
Merritt Island High School (high), Mila 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
Four things that matter here
01Positioned at the premium end
$724,000 runs 86% 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.
03Strong assigned schools
Merritt Island High School, Mila Elementary School, Thomas Jefferson Middle School — Thomas Jefferson Middle School rates 4 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $748,000, now $724,000 — a $24K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of COASTAL LIFE PROPERTIES LLC · Jenn Clements. MLS #O6416085.
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.
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