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$395,000
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Property Description
Drastic $100k price reduction!!!! Direct river w/ amazing sunset views from the most sought after building in Island Pointe! Open floor plan boasts 3 spacious bedrooms & 2 full baths! Wood cabinets & quartz counters accent the kitchen that offers a movable island + a nook, pantry & breakfast bar! The great rm layout captures gorgeous river views! The primary also has balcony access & provides a luxury bath w/ a jetted tub, separate shower, double sinks & two walk-in closets! The 2 guest rms also have walk-in closets & 1 has private bath access! The large balcony is perfect for your evening unwind & incl hurricane shutters! The assoc & buildings are in great condition! This complex has so many amenities incl a large clubhouse w/ a full kitchen, exercise rm, sauna, 2 pools, hot tubs, tennis courts, pickle ball court & basketball courts! Enjoy river activities too or just watch the dolphins & manatees from the boardwalk! Close to shopping & easy trip to the beach! Furnished too!
Full Property Details
Full Property Details for 500 Sail Ln #203
General
- Price: $395,000
- HOA FEE: $1,235/month
- Taxes: $4,024 (2023)
- Status: Under Contract
- Type: Condo
- Source: BrevardCounty
- MLS ID: 1055524
- Updated: 1/12/2026
- Added to Site: 146 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Breakfast Bar, Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
- Appliances: Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
- Furnished: Yes
- Furnishings: Furnished
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Electric Dryer Hookup, In Unit, Sink, Washer Hookup
Additional Information
- Shared Amenities: Car Wash Area, Clubhouse, Elevator(s), Fitness Center, Gated, Jogging Path, Maintenance Grounds, Pool, Security, Spa/Hot Tub, Tennis Court(s), Trash, Management - On Site
- Security/Safety: Gated with Guard, Security Gate, Secured Lobby
Exterior
- Exterior Features: Balcony, Storm Shutters
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Additional Parking, Garage, Garage Door Opener, Parking Lot, Underground
Location
- Area: 251 - Central Merritt Island
- County: Brevard
- Subdivision: Island Pointe Condo Ph 1C
- Driving Directions: 520 - north on Tropical Trail - left into Island Pointe - thru guard shack - go to the farthest east building which is 500 Sail Ln
- Direction Faces: East
School Information
- Elementary School: Mila
- Middle School: Jefferson
- High School: Merritt Island
Community
- Community Features: Car Wash Area, Clubhouse, Elevator(s), Fitness Center, Gated, Jogging Path, Maintenance Grounds, Pool, Security, Spa/Hot Tub, Tennis Court(s), Trash, Management - On Site
- Association: Yes
- Assoc. Name: Island Pointe Condominium by Campbell Prop Mgmt
- Assoc. Fees Include: Cable TV, Insurance, Internet, Maintenance Grounds, Pest Control, Security, Trash, Water
- Pets Allowed: Yes
- Pet Restrictions: Breed Restrictions, Number Limit, Size Limit, Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Exterior Const.: Stucco
- Stories/Levels: 1
- Square Feet: 2,048
- Living Area: 2,048 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 2005
Lot Features
- Property View: River
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,307
- Lot Features: Other
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Indian River
Financial Considerations
- Price Per Sq. Ft.: $192.87
- Association Fee: Yes
- Association Fee: $1,235
- Assoc Fee Freq.: Monthly
- Tax Amount: $4,024.86
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 24-36-35-34-00000.0-0001.41
Listed by Daignault Realty Inc
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Schools
Schools serving 500 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 | 0.5 mi |
Merritt Island High School 100 Mustang Way, Merritt Island, FL 32953 | 9-12 | 1.5 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 500 Sail Ln #203
Date
Details
Price
Change
Source
1/05/2026
Price Reduced
$395,000
-14.11%
MLS
10/29/2025
Price Reduced
$459,900
-7.09%
MLS
8/26/2025
Listed
$495,000
—
MLS
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 500 Sail Ln #203
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,610
-11%
$338,660
3%
2024
$4,058
1%
$329,120
3%
2023
$4,025
2%
$319,540
6%
2021
$3,950
5%
$301,210
-3%
2022
$3,760
-5%
$310,240
4%
2021
$3,950
1%
$297,060
4%
2018
$3,903
—
$284,980
-2%
2019
$3,885
-2%
$290,390
4%
2017
$3,956
101%
$279,120
99%
2016
$1,966
-3%
$140,380
1%
2015
$2,020
-1%
$139,410
1%
2014
$2,031
—
$138,310
1%
2013
$2,040
—
$136,270
—
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 500 Sail Ln #203
500 Sail Lane #203, Merritt Island, FL 32953 (MLS# 1055524) is a Condo property with 3 bedrooms and 2 full bathrooms. 500 Sail Lane #203 is currently listed for $395,000 and was received on August 26, 2025. Want to learn more about 500 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.

