265 Spring Dr #1, photo 1
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Overview

2 bd2 ba1,037 sqftCondominium
TypeCondominium
HOA$265/mo
Built1988
Living area1,037 sqft
Price / sqft$162

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About this home

Ceiling Fans(s)Primary Bedroom Main FloorWalk-in Closet(s)Basketball CourtOutdoor GrillPlaygroundRain GuttersSidewalk

265 Spring Dr #1 is a 1988-built home in Summer Place Condominiums, Merritt Island. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,037 square feet of living space. Listed at $167,900 (about $162/sqft), 54 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $265 monthly.

From the listing

Welcome to an inviting opportunity in Summer Place, Merritt Island! This charming 2-bedroom, 2-bath first-floor corner/end-unit condo offers a comfortable layout, added privacy, and a convenient location close to everything that makes Merritt Island such a great place to call home. With additional windows throughout, the corner-unit location brings in plenty of natural light and creates a welcoming feel as you enter. The spacious layout features a large family room, separate dining area, inside laundry, and tile flooring throughout for easy everyday living and maintenance. Step through the family room onto the enclosed patio, the perfect spot to enjoy your morning coffee, relax in the evening, or simply have a little extra space to unwind. As a first-floor end unit, you'll enjoy the convenience of no stairs and only one upstairs neighbor, along with a small private backyard area that provides an added sense of privacy. The reasonably low HOA fee makes this an especially appealing opportunity for buyers looking for an affordable path to homeownership. Summer Place is a well-cared-for community with a central pool, playground, basketball court, and attractive lake area, creating a pleasant setting to enjoy the Florida lifestyle. The location is hard to beat. Just minutes from SR 528, you'll have easy access to Merritt Island's restaurants, shopping, entertainment, and everyday conveniences. Port Canaveral and numerous beaches are within approximately 30 minutes, while Orlando International Airport (MCO) is less than an hour away, making travel, work, and weekend getaways convenient. Whether you're a first-time homebuyer, looking to downsize, or searching for an affordable Central Florida property, this condo offers plenty of opportunity in a great location. And there may be more ways to make this home yours than you think! Multiple financing and down payment assistance options may be available to qualified buyers. Call today to learn more about available programs and see if you may qualify. Don't miss this opportunity to make Merritt Island your home. Schedule your private showing today!

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The essentials

Built
1988
Price / sqft
$162
On market
54 days
Annual tax
$2,215
HOA
$265/mo
Flood zone
X · Low risk
Type
Condominium

At a glance

Condo
Built 1988
Community pool
Shared amenity
1,037 sqft
Living area

Payment

Est. monthly payment
$1,410/mo
Down payment (20%)
$33,580
Property taxes
$185/mo
HOA
$265/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Condominium
Year Built
1988
Lot
-
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
54
Ceiling Fans(s)
Primary Bedroom Main Floor
Walk-in Closet(s)
Basketball Court
Outdoor Grill
Playground
Rain Gutters
Sidewalk
Association Recreation - Owned
Community Mailbox
Park
Pool
Sidewalks
Street Lights
Dishwasher
Exhaust Fan
Range
Refrigerator
Flood Zone X
Annual Tax (2025)
$2,215
Parcel #
24 3614-00-284.I

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Summer Place Condominiums
County
Brevard
MLS Area
32953 - Merritt Island
Lot Size
-
City LimitsIn CountySidewalkPaved
HOA
$265/mo
Summer Place / Jim Robert

Price history

Date
Event
Price
8/31/2026
Price change
Source: Stellar MLS #O6432574
$167,900-11.6%
$162/sqft
8/17/2026
Listed for sale
Source: Stellar MLS #O6432574
$189,900
$183/sqft

Neighborhood

265 Spring Dr #1
Merritt Island, FL, 32953 · 32953 - Merritt Island

Market insights

Offer Insights

Choose an offer strength

List price: $167,900
$162,500 – $167,900
97% – 100% of listTops out right at the list price
80% of listList price
31 of the last 60 condo closings in Brevard County landed at this number or higher (52%). The median one sat 46 days before it went under contract, and this one is on day 54 after a $22,000 cut.

Sample: 60 closed condo sales in Brevard County over the last 8 months, Stellar MLS. Widened past this ZIP to get a usable sample. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$1,409/mo
Principal & interest$876
Property taxes$185
Insurance$84
HOA$265
Down payment20% · $33,580
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA is the fee reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$167,900

$162 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,037 sq ft

Time on market

54 days

Year built

1988

Monthly payment

About $1,410/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,215 annual tax bill, insurance, and the $265/mo HOA fee.

HOA fee

$265/mo

Managed by Summer Place / Jim Robert.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

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Brokered byMARKET CONNECT REALTY LLCListing agent: Adrian JiminezListing data from Stellar MLS, MLS# O6432574.

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