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About This Home

This 3-bedroom, 2-bathroom condo at 500 Sail Lane in Merritt Island, FL is listed for $429,000 ($209 per sqft). Built in 2005, the home offers 2,048 sqft of living space on a 0.03 acres lot.

Agent 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 some 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. Milestone & SIRS complete--no assessment! 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. Seller searching for Sale/couple of months Lease-back.

Key Features

  • Built in 2005
  • 0.03 acre lot
  • Waterfront

Property Details

1 story
2 full
#403
2005

Amenities

WaterfrontViewA/C

Monthly Cost Estimate

$3,529/mo

20% down · 6.5% · 30 years

Principal$310
Interest$1,859
Insurance$125
HOA$1,235

Estimates only. Actual payments may vary.

Location

500 Sail Lane

Merritt Island, FL 32953

Island Pointe Condo Ph 1C

Features & Amenities

Interior Features

Breakfast BarBreakfast NookCeiling Fan(s)Eat-in KitchenPantryPrimary Bathroom -Tub with Separate ShowerWalk-In Closet(s)

Exterior Features

BalconyStorm Shutters

Property Details

Flooring

CarpetTile

Construction

Concrete Stucco

Views

RiverWater

Parking

Parking LotGuestGatedCoveredGarageUnderground/Basement

Heating

Electric (Heating)Central

Cooling

Central AirElectric

Appliances

DishwasherDisposalDryerElectric OvenElectric RangeElectric Water HeaterMicrowaveRefrigeratorWasher

Questions & Answers

This 3-bedroom, 2-bathroom condo at 500 Sail Lane is listed at $429,000 ($209/sqft). The estimated monthly payment is $3,094 based on 20% down at 6.5% interest.

HOA fees are $1235/month.

Key features include: Built in 2005, 0.03 acre lot, Waterfront. Interior Features: Breakfast Bar, Breakfast Nook, Ceiling Fan(s). Exterior Features: Balcony, Storm Shutters.

This property is listed by Linda D Wise and can be reached at 3214801141 or linda.wise@troprealty.com.

LW

Linda D Wise

Agent at Tropical Realty & Inv. of Brev

(321) 480-1141

Listed by Tropical Realty & Inv. of Brev · View on Broker Site

MLS# 1078054· Source: listhub· Updated 19 days ago

Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

500 Sail Lane, Merritt Island, FL 32953

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