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