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$429,000 Just Listed
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Property Description
Merritt Island's Direct River most sought after condominium and the point building, 500 Sail Ln in Island Pointe! Light and bright, fun beachy decore with furnishings negotiable. 3 Bedrooms, 2 baths, Primary Bedroom offering views of the River to wake up by, one bedroom currently used as an office with Murphy bed, and 3rd bedroom with private bath access. Large balcony offers relaxing space to unwind and includes remote control hurricane shutters. Complex has large clubhouse w/ full kitchen, exercise room, sauna, 2 pools, hot tubs, tennis courts, pickle ball court & basketball court too. Close to shopping, restaurants and quick trip to the beach.
Full Property Details
Full Property Details for 500 Sail Ln #403
General
- Price: $429,000
- HOA FEE: $1,235/month
- Taxes: $3,449 (2025)
- Status: Active
- Type: Condo
- Source: BrevardCounty
- MLS ID: 1078054
- Updated: 5/22/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Breakfast Bar, Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, Pantry, Primary Bathroom -Tub with Separate Shower, Walk-In Closet(s)
- Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer, Other
- Furnishings: Negotiable
- Flooring: Carpet, Tile
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: Car Wash Area, Clubhouse, Elevator(s), Fitness Center, Gated, Jogging Path, Maintenance Grounds, Management - Full Time, Pickleball, Pool, Sauna, 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, Covered, Garage, Gated, Guest, 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 - through guard shack, go right 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, Management - Full Time, Pickleball, Pool, Sauna, Security, Spa/Hot Tub, Tennis Court(s), Trash, Management - On Site
- Association: Yes
- Assoc. Name: Island Pointe Condominium
- Assoc. Fees Include: Insurance, Maintenance Grounds, Security, Sewer, 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, Electric
- Heating Type: Central, Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Exterior Const.: Concrete, Stucco
- Stories/Levels: 1
- Square Feet: 2,048
- Living Area: 2,048 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 2005
- Property Condition: Updated/Remodeled
Lot Features
- Property View: River, Water, Intracoastal
- 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.: $209.47
- Association Fee: Yes
- Association Fee: $1,235
- Assoc Fee Freq.: Monthly
- Tax Amount: $3,449.81
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 24-36-35-34-00000.0-0001.49
Listed by Tropical Realty & Inv. of Brev
Get Pre-Approved Today
Schools
Schools serving 500 Sail Ln #403
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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 500 Sail Ln #403
Date
Details
Price
Change
Source
5/22/2026
Listed
$429,000
90.67%
MLS
2/19/2015
Sold
$225,000
—
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 500 Sail Ln #403
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,726
-15%
$264,820
3%
2024
$3,207
1%
$257,360
3%
2023
$3,173
3%
$249,870
6%
2021
$3,095
4%
$235,540
-3%
2022
$2,962
-4%
$242,600
4%
2021
$3,095
2%
$232,290
4%
2018
$3,020
-1%
$222,840
2%
2017
$3,053
-2%
$218,260
2%
2016
$3,108
3%
$213,780
-6%
2019
$3,011
40%
$227,070
54%
2015
$2,156
-1%
$147,740
1%
2014
$2,168
-1%
$146,570
1%
2013
$2,179
—
$144,410
—
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 #403
500 Sail Lane #403, Merritt Island, FL 32953 (MLS# 1078054) is a Condo property with 3 bedrooms and 2 full bathrooms. 500 Sail Lane #403 is currently listed for $429,000 and was received on May 22, 2026. Want to learn more about 500 Sail Lane #403? 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.

