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$1,600,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 4 Full Baths
  • 4,327 Sq. Ft.
  • Updated 2 days ago
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An extraordinary opportunity to own a custom-built estate crafted by one of the region's most respected luxury builders, originally constructed as a personal residence and perfectly situated on a full acre of beautifully landscaped grounds. Ideally located just minutes from Cocoa Beach, the world-famous shoreline, Port Canaveral, premier shopping, and renowned restaurants--yet privately tucked away within its own peaceful sanctuary. From the elegant old-world textured exterior to the travertine flooring throughout, every detail reflects timeless craftsmanship and refined design. Recent upgrades include a brand-new roof, Viking refrigerator with premium Viking appliances, new water heater, custom front entry door, and new washer. At the heart of the home is a chef's island kitchen featuring rich cherry cabinetry with chocolate glaze, granite countertops, and high-end finishes. The luxurious primary suite offers a spa-inspired bath with soaking tub, wrap-around dual-entry shower, private vanities, and a spacious walk-in closet. Outdoors, a private resort setting awaits with a heated lagoon-style pool, screened lanai with summer kitchen, lush tropical landscaping, and mature fruit trees creating the ultimate Florida retreat. The versatile floor plan includes a refined front office, a private two-bedroom guest wing with full bath, a separate rear guest suite, and an upstairs sixth-bedroom retreat with media/playroom and private balcony, all complemented by a renovated four-car garage complete with EV charging. Thoughtfully designed and impeccably executed, this is more than a residence--it is a legacy estate crafted for luxury living, entertaining, and enduring value.

Full Property Details for 5137 Royal Paddock Way

General

  • Price: $1,600,000
  • HOA FEE: $133/month
  • HOA FEE FREQ.: Annually
  • Status: Active
  • Type: Single Family
  • Source: BrevardCounty
  • MLS ID: 1071332
  • Updated: 3/7/2026
  • Added to Site: 2 day(s) ago

Interior

  • Interior Features: Breakfast Nook, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Guest Suite, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Gas Oven, Gas Range, Ice Maker, Washer
  • Furnishings: Negotiable
  • Flooring: Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Lower Level

Additional Information

  • Shared Amenities: Gated, Security
  • Pool: Yes
  • Pool Description: In Ground, Waterfall

Exterior

  • Exterior Features: Courtyard, Outdoor Kitchen

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Parking Features: Garage, Gated, Secured

Location

  • Area: 250 - N Merritt Island
  • County: Brevard
  • Subdivision: Chase Hammock Lakes
  • Driving Directions: From Melbourne Orlando International Airport, take NASA Boulevard west to US-1, head north on US-1, cross the Pineda Causeway (FL-404) toward Merritt Island, then turn left onto South Tropical Trail and follow local roads to 5137 Royal Paddock Way.
  • Direction Faces: West

School Information

  • Elementary School: Carroll
  • Middle School: Jefferson
  • High School: Merritt Island

Community

  • Community Features: Gated, Security
  • Association: Yes
  • Assoc. Name: Chase Hammock Lakes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central
  • Water Heater: Electric

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Well: Yes
  • Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • Architectural Style: Craftsman, Traditional
  • Exterior Const.: Block, Concrete, Frame, Stucco
  • Roof: Shingle
  • Stories/Levels: 2
  • Square Feet: 4,327
  • Living Area: 4,327 Sq. Ft.
  • Current Bldg. Use: Residential, Single Family
  • Year Built: 2005

Lot Features

  • Property View: Pond, Trees/Woods, Water
  • Lot Size (Acres): 1
  • Lot Size (Sq. Ft.): 43,560
  • Lot Dimensions: 131 x 366
  • Frontage: City Street
  • Street/Road Desc.: Paved
  • Lot Features: Other

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Name: Canal Non-Navigation

Financial Considerations

  • Price Per Sq. Ft.: $369.77
  • Association Fee: Yes
  • Association Fee: $1,600
  • Assoc Fee Freq.: Annually
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 23-36-25-25-E-18

Listed by One Sotheby's International

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— 5137 Royal Paddock Way —

  • One Sotheby's International

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 5137 Royal Paddock Way

School District:Brevard County School District
NameGradesDistance
Lewis Carroll Elementary School
1 Skyline Boulevard, Merritt Island, FL 32953
K-63.9 mi
Merritt Island High School
100 Mustang Way, Merritt Island, FL 32953
9-125 mi
Thomas Jefferson Middle School, Merritt Island, FL
1275 South Courtenay Parkway, Merritt Island, FL 32952
7-88 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 5137 Royal Paddock Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/07/2026
Listed
$1,600,000
158.06%
MLS
5/23/2008
Sold
$620,000
—
Public Record
Get Price Alerts and Save Property
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 for 5137 Royal Paddock Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,261
57%
$773,380
66%
2024
$5,916
5%
$465,780
8%
2023
$5,608
2%
$430,230
6%
2021
$5,524
5%
$405,540
-3%
2022
$5,251
-5%
$417,700
4%
2021
$5,524
1%
$399,950
4%
2018
$5,474
1%
$383,680
-2%
2019
$5,445
-2%
$390,960
4%
2017
$5,553
-2%
$375,790
2%
2016
$5,670
-3%
$368,070
1%
2015
$5,858
-1%
$365,520
1%
2014
$5,908
-1%
$362,620
1%
2013
$5,969
—
$357,270
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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5137 Royal Paddock Way, Merritt Island, FL 32953 (MLS# 1071332) is a Single Family property with 6 bedrooms and 4 full bathrooms. 5137 Royal Paddock Way is currently listed for $1,600,000 and was received on March 07, 2026. Want to learn more about 5137 Royal Paddock Way? Do you have questions about finding other Single Family 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.

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