An extraordinary 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. The luxurious primary suite offers a spa-inspired bath with soaking tub, wrap-around dual-entry shower, private vanities, and a spacious walk-in closet. Outdoors, a private resort setting awaits with a heated lagoon-style pool, screened lanai with summer kitchen, lush tropical landscaping, and mature fruit trees creating the ultimate Florida retreat. The versatile floor plan includes a refined front office, a private two-bedroom guest wing with full bath, a separate rear guest suite, and an upstairs sixth-bedroom retreat with media/playroom and private balcony, all complemented by a renovated four-car garage complete with EV charging. Thoughtfully designed and impeccably executed, this is more than a residence--it is a legacy estate crafted for luxury living, entertaining, and enduring value.
For sale
Price cut: $50K (6/26)
$1,450,000
5137 Royal Paddock Way, Merritt Island, FL 32953
6beds
4,327sqft
Single Family Residence
Built in 2005
1 Acres Lot
$1,363,600 Zestimate®
$335/sqft
$133/mo HOA
What's special
Mature fruit treesSeparate rear guest suitePrivate resort settingGranite countertopsElegant old-world textured exteriorHigh-end finishesLush tropical landscaping
- 116 days |
- 704 |
- 35 |
Zillow last checked:
Listing updated:
Listed by:
James Edmunds 321-349-5068,
One Sotheby's International
Source: Space Coast AOR,MLS#: 1071332
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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
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: $335/sqft
- Tax assessed value: $773,380
- Annual tax amount: $10,275
- Date on market: 3/7/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$1,363,600
$1.30M - $1.43M
$6,518/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | $27,050 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: North Merritt Island
Nearby schools
GreatSchools rating
- 10/10Lewis Carroll Elementary SchoolGrades: PK-6Distance: 4 mi
- 7/10Thomas Jefferson Middle SchoolGrades: 7-8Distance: 8.1 mi
- 5/10Merritt Island High SchoolGrades: PK,9-12Distance: 5 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Brevard County
- Merritt Island
- 32953
- North Merritt Island
- 5137 Royal Paddock Way
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