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240 Spring Dr APT 5, Merritt Island, FL, 32953

2beds
2baths
1,037sqft
$174,900
$169price/sqft
$1,418/moest. monthly cost
$56,720/yrincome needed

About This Home

Convenient & centrally located community! This spacious condo has a park like setting. View of the pond. First floor! RECENETALLY UPDATED All New Stainless Appliances, New Vinyl Flooring throughout, New Refinished Bathtub. Breakfast bar separate dining area. Solid Surface countertops and Wonderful Floor plan. Community pool and playground. Easy access to, Cape Canaveral, 1-95 and the Beach Line. Also Centrally located to Space X, Blue Origin and The Kennedy Space Center! A MUST SEE!

Getting Around

31
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

10/10
7/10
5/10
Merritt Island High SchoolGrades PK,9-121.6 mi

Construction

Condition

  • Year built: 1988

Materials

  • Roof: Shingle
  • Construction materials: Concrete

Type & Style

  • Home type: Condo
  • Architectural style: Other
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Electric Oven,Refrigerator
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Breakfast Bar,Ceiling Fan(s),Open Floorplan
  • Flooring: Carpet,Tile

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total interior livable area: 1,037 sqft

Property

Details

  • Parcel number: 2436140000283.K0000.00
  • Zoning description: Residential
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Porch,Screened
  • Has view: Yes
  • View description: Pond
  • Has water view: Yes
  • Water view: Pond

Lot

  • Lot size: 3,484 sqft
  • Features: Few Trees

Parking

  • Parking features: Parking Lot

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tsunami

FEMA Declared Disasters in Brevard County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $884$10,608
Home Insurance *$141$1,692
Property Taxes $196$2,352
Electricity $197$2,366
Total$1,418$17,016
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$48,617/yr
40% on housing$42,540/yr
45% on housing$37,813/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.8%
13.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.8%
4.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$169This listing

vs Other Active Listings

Avg $/sqft

ZIP 32953$197
Brevard County$192

vs Homes Sold Last Month

Median $/sqft

ZIP 32953$232
Brevard County$209

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-27Listed for sale$174,900
2026-06-15Listing removed$159,900
2026-06-06Price change$159,900
2026-05-11Price change$174,900
2026-03-28Price change$184,900
2026-02-02Listed for sale$199,000
2016-01-15Listing removed$845
2015-12-08Listed for rent$845
2005-08-15Sold$155,000

For Sale by Agent

AgentNicole D Grammer
BrokerageaReal Estate Service Team

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