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$375,000 Just Listed
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Property Description
This Island Pointe residence elevates waterfront living with thoughtful updates and a layout designed for comfort and style. With prime exposure, this 3 bed, 2 bath unit overlooks the Indian River. Enjoy sweeping views of sunsets, rocket launches, & wildlife. The spacious floor plan includes a flexible area for a den or formal dining, and the entire unit has been freshly painted. Luxury vinyl plank flooring adds a modern feel throughout. The kitchen features solid wood cabinetry, solid surface countertops, updated appliances, and a moveable island for cooking or entertaining. The primary suite includes an updated bath with a walk‑in shower. The balcony has hurricane shutters, and the unit includes a 1 car garage under the building plus exterior parking. Amenities include a clubhouse with meeting rooms, library, sauna, gym, kitchen, dining area, and covered patio. Both pools are renovated, and the new south‑end sports deck offers pickleball, tennis, and basketball! Welcome home!
Full Property Details
Full Property Details for 490 Sail Ln #203
General
- Price: $375,000
- HOA FEE: $1,215/month
- Taxes: $3,312 (2025)
- Status: Active
- Type: Condo
- Source: BrevardCounty
- MLS ID: 1066325
- Updated: 1/14/2026
- Added to Site: 6 day(s) ago
Interior
- Number of Rooms: 9
- Interior Features: Breakfast Bar, Breakfast Nook, Ceiling Fan(s), Elevator, Entrance Foyer, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom - Shower No Tub, Split Bedrooms, Walk-In Closet(s)
- Appliances: Dishwasher, Disposal, Electric Range, Ice Maker, Microwave, Refrigerator
- Furnishings: Unfurnished
- Flooring: Carpet, Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Electric Dryer Hookup, In Unit, Washer Hookup
Additional Information
- Shared Amenities: Basketball Court, Cable TV, Car Wash Area, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance Grounds, Maintenance Structure, Pickleball, Pool, Sauna, Security, Spa/Hot Tub, Tennis Court(s), Trash, Water, Management - On Site
- Spa: Yes
- Spa Description: Community, In Ground
- Security/Safety: Gated with Guard, Smoke Detector(s), Secured Lobby
Exterior
- Exterior Features: Balcony, Outdoor Shower, Tennis Court(s), Storm Shutters
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Additional Parking, Assigned, Garage, Garage Door Opener, Guest, Underground
Location
- Area: 251 - Central Merritt Island
- County: Brevard
- Subdivision: Island Pointe Condo Ph 1B
- Driving Directions: From N Tropical Trl & 520 - Head N on N. Tropical Trail - W on Sail Ln. Check in with Guard. Follow Parking Instructions From Guard.
- Direction Faces: South
School Information
- Elementary School: Mila
- Middle School: Jefferson
- High School: Merritt Island
Community
- Community Features: Basketball Court, Cable TV, Car Wash Area, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance Grounds, Maintenance Structure, Pickleball, Pool, Sauna, Security, Spa/Hot Tub, Tennis Court(s), Trash, Water, Management - On Site
- Association: Yes
- Assoc. Name: Island Pointe Condo of Merritt Island
- Assoc. Fees Include: Cable TV, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Pest Control, Security, Sewer, Trash, Water, Other
- Pets Allowed: Yes
- Pet Restrictions: Number Limit, Size Limit, Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Available, Sewer Connected
Structural Information
- Exterior Const.: Concrete
- Roof: Membrane
- Stories/Levels: 1
- Square Feet: 2,122
- Living Area: 2,122 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 2005
- Property Condition: Updated/Remodeled
Additional Structures
- Other Structures: Tennis Court(s)
Lot Features
- Property View: Bridge(s), River, Intracoastal
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,742
- Frontage: Private Road
- Street/Road Desc.: Asphalt
- Lot Features: Dead End Street
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Indian River
Financial Considerations
- Price Per Sq. Ft.: $176.72
- Association Fee: Yes
- Association Fee: $1,215
- Assoc Fee Freq.: Monthly
- Tax Amount: $3,312.8
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 24-36-35-34-00000.0-0001.08
Listed by BHHS Florida Realty
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Schools
Schools serving 490 Sail Ln #203
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Mila Elementary School 288 West Merritt Avenue, Merritt Island, FL 32953 | PK-6 | 0.4 mi |
Merritt Island High School 100 Mustang Way, Merritt Island, FL 32953 | 9-12 | 1.4 mi |
Thomas Jefferson Middle School, Merritt Island, FL 1275 South Courtenay Parkway, Merritt Island, FL 32952 | 7-8 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 490 Sail Ln #203
Date
Details
Price
Change
Source
1/12/2026
Listed
$375,000
108.33%
MLS
9/08/2010
Sold
$180,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 490 Sail Ln #203
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,589
-16%
$253,380
3%
2024
$3,075
1%
$246,240
3%
2023
$3,041
3%
$239,070
6%
2021
$2,963
4%
$225,350
-3%
2022
$2,839
-4%
$232,110
4%
2021
$2,963
3%
$222,240
4%
2018
$2,883
-1%
$213,200
2%
2017
$2,913
-2%
$208,820
2%
2016
$2,964
-3%
$204,530
1%
2015
$3,057
6%
$203,110
-7%
2019
$2,875
-7%
$217,250
8%
2014
$3,079
-4%
$201,500
37%
2013
$3,219
—
$147,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 490 Sail Ln #203
490 Sail Lane #203, Merritt Island, FL 32953 (MLS# 1066325) is a Condo property with 3 bedrooms and 2 full bathrooms. 490 Sail Lane #203 is currently listed for $375,000 and was received on January 12, 2026. Want to learn more about 490 Sail Lane #203? Do you have questions about finding other Condo real estate for sale in Merritt Island? You can browse all Merritt Island real estate or contact a Coldwell Banker agent to request more information.

