490 Sail Lane 203 # 203 Merritt Island, FL $ 399,900
490 Sail Lane 203 # 203
$ 399,900
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490 Sail Lane 203 # 203

Merritt Island, FL, 32953
$ 399,900
Bedrooms3 Baths2.0 Sq 2,122

Monthly Estimate*

$ 2,495

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Condo for sale in Merritt Island, FL

for $399,900 with 3 bedrooms and 2 full baths. This 2,122 square foot condo was built in 2005 on a lot size of 0.04.

Lovely waterfront property on the Indian River. View beautiful sunsets, rainbows, and launches from the Cape. Watch dolphins, manatees, and stingrays swim below your balcony. Large unit with flex space for den, formal dining, or hobby area. Unit has recently been painted throughout. Hurricane shutters on balcony. One car individual garage inside the building plus exterior parking. The clubhouse offers meeting areas, library, sauna, gym, kitchen and dining area, and covered patio. Security guards on site. Both pools have been renovated. New large sports deck on the south end featuring pickleball, tennis and basketball courts. Come see the water views and lifestyle Island Pointe has to offer.

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Condo Active

Price

$ 399,900

Bedrooms

3

Full Bath

2

Property Type

Condo

Taxes

$ 3,108

Style

Condominium

Lot Size

0.04

Year Built

2005

Town/City

Merritt Island

County/Region

Brevard

MLS | Web ID

1053964

Features
General
Living Area 2122.0
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Membrane
Appliances Dishwasher Disposal Dryer Electric Oven Electric Range Ice Maker Microwave Refrigerator
HOA Fee 1235.81
Garage Spaces 1.0
Association Fee Includes Cable TV Insurance Internet Maintenance Grounds Maintenance Structure Pest Control Security Sewer Trash Water
Patio/Porch Features Rear Porch
Security Features Closed Circuit Camera(s) Fire Sprinkler System Gated with Guard Security Gate Smoke Detector(s) Secured Elevator Secured Lobby
Construction Materials Concrete
Pets Allowed Cats OK Dogs OK Number Limit
Year Built 2005
View Bridge(s) River Intracoastal
Stories Count 1
Levels One
Unit Number 203
Property Subtype Condominium
Tax Year 2025
Current Use Residential
Waterfront Features Lagoon River Front Seawall Intracoastal
Additional Parcels Description 2458415
Assoc Fee Paid Per Monthly
County Brevard
New Construction N
Property Type Residential
Association Amenities Basketball Court Cable TV Car Wash Area Clubhouse Elevator(s) Fitness Center Gated Maintenance Grounds Maintenance Structure Management - Off Site Management - Part Time Pickleball Pool Sauna Securit
HOA Y
Attached Garage N
Subdivision Name Island Pointe Condo Ph 1B
Facing Direction South
Garage Y/N Y
Other Structures Tennis Court(s)
Total Rooms 6
Full Baths 2
Status Active
Directions North Tropical Trail from 520 to Sail Lane. Turn west to guard house. Stop at guard house for directions.
High School Merritt Island
City Merritt Island
Body of Water Indian River
Association Name Island Pointe Condominium of Merritt Island321
Senior Community Y/N N
MLS Area 250 - N Merritt Island
Lot Size Units Acres
Lot Size Square Feet 1742.0
Carport Y/N N
Spa Features Community Heated
Elementary School Mila
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 3108.2
Home Warranty Y/N N
Middle/Junior High School Jefferson
Lease Renewal Y/N N
MLS Area Minor 250 - N Merritt Island
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1053964
Standard Status Active
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Interior
Interior Amenities Breakfast Bar Built-in Features Ceiling Fan(s) Eat-in Kitchen Entrance Foyer His and Hers Closets Kitchen Island Open Floorplan Pantry Primary Bathroom - Shower No Tub Split Bedrooms Walk-In Closet(s
Flooring Carpet Laminate
Furnished Y/N Unfurnished
Total Stories 8
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Laundry Features Electric Dryer Hookup In Unit Sink Washer Hookup
Total Bedrooms 3
Entry Level 3
Total Baths 2
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Exterior
Exterior Amenities Balcony Outdoor Shower Tennis Court(s) Storm Shutters
Fencing Block Wrought Iron
Parking Features Additional Parking Community Structure Garage Garage Door Opener Gated Guest Parking Lot Underground
Lot Features Dead End Street Many Trees
Water Source Public
Lot Size Area 0.04
Spa N
Lot Size Acres 0.04
Road Surface Type Asphalt
Waterfront Y/N Y
Road Frontage Type Private Road
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 490
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* Excluded Features
List By
Penguin Real Estate Svc. Llc

Broker

gfelcyn@aol.com

Email

Affordability Calculator

$2,754
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,495
Monthly Property Taxes
$259
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1362986 Elementary School
1362970 Middle School
Merritt Island High School High School
Pricing History
DatePricePrice ChangeDescription
8/7/2025$370,000 Listed Price

Map


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490 Sail Lane 203 # 203, Merritt Island, FL, 32953 is a Condo for sale at $399,900 with 2,122 sqft and a lot size of 0.04. 490 Sail Lane 203 # 203 has 3 bedrooms, 2.0 baths, and was built in 2005. The property's zip code is 32953 which is in Merritt Island, FL