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About this home
2520 Millrace Way is a 1991-built home in Watermill, Merritt Island. Inside you'll find 5 bedrooms, 3 bathrooms, and 3,100 square feet of living space. Listed at $639,000 (about $206/sqft), 35 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $17 monthly.
Welcome to this beautifully renovated 5-bedroom, 3-bathroom home featuring a huge garage and extensive updates throughout. From the moment you step inside, you'll appreciate the modern finishes and attention to detail that give this home a fresh, move-in-ready feel. The home features fresh interior and exterior paint, new luxury vinyl plank flooring throughout the main living areas, new carpet upstairs, new baseboards, and all-new light fixtures, ceiling fans, switches, hinges, and door hardware. The spacious floor plan offers plenty of flexibility, including a bedroom and full bathroom conveniently located downstairs. The beautifully redesigned kitchen features new 42-inch cabinets with crown molding, full quartz countertops and backsplash, and new stainless steel appliances, including a slide-in range and counter-depth refrigerator. The kitchen provides a stylish and functional space ideal for everyday living and entertaining. The primary suite features a beautifully renovated bathroom with custom tile work, double sinks, two walk-in closets, a relaxing garden tub, and a frameless glass shower with a rainfall showerhead. The additional bathrooms have been refreshed with new vanities and modern finishes. Major systems include a 2013 roof and two 2018 AC systems, both professionally cleaned and serviced in August 2026, providing added peace of mind. For added peace of mind, a four-point inspection and wind mitigation report are available for review and may help with insurance discounts. Located in desirable Merritt Island and conveniently situated near the ocean, this move-in-ready home offers extensive renovations, modern finishes, generous living space, and a huge garage. This is an excellent opportunity to own a beautifully updated home in a sought-after Merritt Island area.
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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: 23 closed home sales in 32952 over the last 8 months, Stellar MLS. A small sample in a thin market. 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
$639,000
$206 per sq ft
Beds and baths
5 beds, 3 baths
Size
3,100 sq ft
Time on market
43 days
Year built
1991
Monthly payment
About $3,947/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,330 annual tax bill, insurance, and the $17/mo HOA fee.
HOA fee
$17/mo
Managed by Bob.
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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