An exceptional opportunity to own a custom-built estate crafted by one of the region's most respected luxury builders, originally constructed as a personal residence and perfectly situated on a full acre of beautifully landscaped grounds. Ideally located just minutes from Cocoa Beach, the world-famous shoreline, Port Canaveral, premier shopping, and renowned restaurants--yet privately tucked away within its own peaceful sanctuary. From the elegant old-world textured exterior to the travertine flooring throughout, every detail reflects timeless craftsmanship and refined design. Recent upgrades include a brand-new roof, Viking refrigerator with premium Viking appliances, new water heater, custom front entry door, and new washer. At the heart of the home is a chef's island kitchen featuring rich cherry cabinetry with chocolate glaze, granite countertops, and high-end finishes.
Under contract
Price cut: $25K (8/6)
$1,425,000
5137 Royal Paddock Way, Merritt Island, FL 32953
6beds
4,327sqft
Single Family Residence
Built in 2005
1 Acres Lot
$1,323,400 Zestimate®
$329/sqft
$133/mo HOA
What's special
Granite countertopsElegant old-world textured exteriorPeaceful sanctuaryHigh-end finishesCustom front entry doorTravertine flooring throughout
- 54 days
- 159
- 6
Zillow last checked:
Listing updated:
Listed by:
James Edmunds 321-349-5068,
One Sotheby's International
Source: Space Coast AOR,MLS#: 1084939
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Gas Oven, Gas Range, Ice Maker, Washer
- Laundry: Lower Level
Features
- Breakfast Nook, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Guest Suite, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Tile, Wood
- Has fireplace: No
Interior area
- Total structure area: 5,956
- Total interior livable area: 4,327 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Garage, Gated, Secured
- Garage spaces: 4
Features
- Stories: 2
- Exterior features: Courtyard, Outdoor Kitchen
- Has private pool: Yes
- Pool features: In Ground, Waterfall
- Has view: Yes
- View description: Pond, Trees/Woods, Water
- Has water view: Yes
- Water view: Pond,Water
- Waterfront features: Pond
- Body of water: Canal Non-Navigation
Lot
- Size: 1 Acres
- Dimensions: 131 x 366
- Features: Other
Details
- Additional parcels included: 2323211
- Parcel number: 23362525E18
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman,Traditional
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Frame, Stucco
- Roof: Shingle
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Chase Hammock Lakes
HOA
- Has HOA: Yes
- Amenities included: Gated, Security
- HOA fee: $1,600 annually
- HOA name: Chase Hammock Lakes
Location
- Region: Merritt Island
Financial & listing details
- Price per square foot: $329/sqft
- Tax assessed value: $773,380
- Annual tax amount: $10,275
- Date on market: 8/13/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$1,323,400
$1.26M - $1.39M
$6,652/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Contingent | $1,425,000$329/sqft |
Source: Space Coast AOR #1084939 Report a problem | ||
| 8/6/2026 | Price change | $1,425,000-1.7%$329/sqft |
Source: Space Coast AOR #1071332 Report a problem | ||
| 6/26/2026 | Price change | $1,450,000-3.3%$335/sqft |
Source: Space Coast AOR #1071332 Report a problem | ||
| 5/13/2026 | Price change | $1,500,000-6.3%$347/sqft |
Source: Space Coast AOR #1071332 Report a problem | ||
| 3/7/2026 | Listed for sale | $1,600,000-5.9%$370/sqft |
Source: Space Coast AOR #1071332 Report a problem | ||
| 9/22/2025 | Listing removed | $1,700,000$393/sqft |
Source: Space Coast AOR #1040660 Report a problem | ||
| 7/9/2025 | Price change | $1,700,000-5.6%$393/sqft |
Source: Space Coast AOR #1040660 Report a problem | ||
| 3/20/2025 | Listed for sale | $1,799,999+190.3%$416/sqft |
Source: Space Coast AOR #1040660 Report a problem | ||
| 5/29/2008 | Sold | $620,000-27.1%$143/sqft |
Source: Public Record Report a problem | ||
| 1/18/2008 | Listed for sale | $849,900+58.6%$196/sqft |
Source: Visual Tour #492722 Report a problem | ||
| 9/21/2005 | Sold | $536,000+215.3%$124/sqft |
Source: Public Record Report a problem | ||
| 6/11/2004 | Sold | $170,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,275 +73.7% | $773,380 +66% |
| 2024 | $5,916 +5.5% | $465,780 +8.3% |
| 2023 | $5,608 +6.8% | $430,230 +3% |
| 2022 | $5,251 -4.9% | $417,700 +3% |
| 2021 | $5,524 +0.9% | $405,540 +1.4% |
| 2020 | $5,472 +0.5% | $399,950 +2.3% |
| 2019 | $5,445 | $390,960 +1.9% |
| 2018 | $5,445 -0.5% | $383,680 +2.1% |
| 2017 | $5,474 -1.4% | $375,790 +2.1% |
| 2016 | $5,553 -2.1% | $368,070 +0.7% |
| 2015 | $5,670 -4% | $365,520 +0.8% |
| 2014 | $5,908 | $362,620 -4.4% |
| 2013 | -- | $379,370 +8% |
| 2012 | $5,554 -7.4% | $351,300 -6.6% |
| 2011 | $5,999 -0.9% | $376,000 -7.9% |
| 2010 | $6,051 -2.9% | $408,280 -15% |
| 2009 | $6,233 -30.1% | $480,290 -16.9% |
| 2008 | $8,919 +2.3% | $578,000 -3.2% |
| 2007 | $8,723 +311.2% | $597,000 +397.5% |
| 2005 | $2,121 +35.4% | $120,000 +41.2% |
| 2004 | $1,566 +197.8% | $85,000 +214.2% |
| 2003 | $526 | $27,050 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: North Merritt Island
Nearby schools
Schools provided by the listing agent
- Elementary: Carroll
- Middle: Jefferson
- High: Merritt Island
Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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