Lot/land

$295,000

5367 Royal Paddock Way, Merritt Island, FL 32953

--beds

--baths

1Acres

Unimproved Land

Built in ----

1 Acres Lot

$-- Zestimate^®

$--/sqft

$150/mo HOA

What's special

Ideal rear eastern exposure

One of the few remaining 1-acre waterfront homesites in the exclusive, private, gated community of Chase Hammock Lakes. This premium lot was thoughtfully improved in 2023 with added fill and a temporary culvert installed for convenient access. Enjoy an ideal rear eastern exposure, perfectly positioned to take in breathtaking sunrises and unforgettable rocket launch views right from your backyard. A rare opportunity to own a prime piece of land in one of the area's most sought-after communities.

151 days

204

10

Facts & features

Interior

Features

Has fireplace: No

Property

Features

Has view: Yes
View description: Lake, Pond, Water
Has water view: Yes
Water view: Lake,Pond,Water
Waterfront features: Lake Front, Pond

Lot

Size: 1 Acres
Features: Cleared

Details

Parcel number: 233625250000d.00008.00
Zoning description: Residential
Special conditions: Standard

Utilities & green energy

Sewer: Septic Tank
Water: Public
Utilities for property: Cable Available, Electricity Available, Water Available

Community & HOA

Community

Security: Security Gate
Subdivision: Chase Hammock Lakes

HOA

Has HOA: Yes
HOA fee: $1,803 annually
HOA name: Chase Hammock Lakes

Location

Region: Merritt Island

Financial & listing details

Tax assessed value: $185,000
Annual tax amount: $2,131
Date on market: 3/18/2026
Listing terms: Cash,Conventional,Other
Road surface type: Concrete

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
3/18/2026	Listed for sale	$295,000+103.4%
Source: Space Coast AOR #1072285 Report a problem
1/15/2020	Sold	$145,000-9.3%
Source: Space Coast AOR #860506 Report a problem
11/10/2019	Price change	$159,900+1.8%
Source: Global America Realty, Inc. #860506 Report a problem
9/19/2019	Listed for sale	$157,000+25.6%
Source: Owner Report a problem
3/24/2017	Sold	$125,000+13.7%
Source: Public Record Report a problem
10/13/2003	Sold	$109,900
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,132 +5.1%	$185,000
2024	$2,028 +1.2%	$185,000
2023	$2,004 +16.4%	$185,000 +11.1%
2022	$1,722 +14.3%	$166,500 +44.8%
2021	$1,507 -2.6%	$115,000
2020	$1,548 -3.2%	$115,000
2019	$1,598	$115,000 +4.5%
2018	$1,598 +1.6%	$110,000 +340%
2017	$1,574 +29.2%	$25,000 -73.7%
2016	$1,218 +2.3%	$95,000 +72.7%
2015	$1,191 +29.3%	$55,000
2014	$921	$55,000
2013	--	$55,000
2012	$977 -8.4%	$55,000 -8.3%
2011	$1,067 +0.3%	$60,000 -7.7%
2010	$1,063 -34.3%	$65,000 -38.1%
2009	$1,618 -19.4%	$105,000 -19.2%
2008	$2,006 -32.5%	$130,000 -33.3%
2007	$2,974 +40.2%	$195,000 +62.5%
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

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: North Merritt Island

Getting around

0 / 100

Car-Dependent

25 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

10/10
Lewis Carroll Elementary School
Grades: PK-6Distance: 4.5 mi
7/10
Thomas Jefferson Middle School
Grades: 7-8Distance: 8.6 mi
5/10
Merritt Island High School
Grades: PK,9-12Distance: 5.5 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.