Under contract

Price cut: $76K (8/15)

$999,000

565 W Gateway Ct, Merritt Island, FL 32952

4beds

1,982sqft

$6,427/mo

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Single Family Residence

Built in 1966

10,454 Square Feet Lot

$952,900 Zestimate^®

$504/sqft

$-- HOA

What's special

Kitchen island so bigExterior paintWaterfront homeEnjoy breathtaking sunsetsSprinkler system repipedBrand new fridgeSpray foam attic insulation

There has not been a waterfront home for sale in the Gateways since 2019 (& that one had multiple offers even back then). This particular home has been in this family since 1993. It's either now or saying ''dagumit I shoulda'' for the next 7 years until another opportunity. Taken to the studs and remodeled in 2021 with no expense spared. The choppy enclosed walls of the 1960's were knocked down to create a kitchen island so big you're probably too short to clean it in the middle. Luxury Z line professional stove, double pantry with roll outs, brand new fridge July 2026. No expense spared with dimmer switches throughout, tongue & groove ceiling in family room. Impact sliders & back wall blown out for additional picture window to maximize view. Cast iron replumbed, sprinkler system repiped, spray foam attic insulation, exterior paint July 2026, natural gas, electrical panel update. Enjoy breathtaking sunsets, bioluminescence, manatees and dolphins all from your backyard!

31 days
1,597
74

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Heating

Central

Cooling

Central Air

Appliances

Included: Disposal, Gas Range, Microwave, Refrigerator
Laundry: In Garage

Features

Breakfast Bar, Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Guest Suite, Kitchen Island, Pantry, Primary Bathroom - Shower No Tub, Split Bedrooms, Walk-In Closet(s)
Flooring: Tile
Has fireplace: No

Interior area

Total structure area: 2,728
Total interior livable area: 1,982 sqft

Video & virtual tour

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Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Front Porch, Patio, Porch, Rear Porch, Screened
Exterior features: Impact Windows, Storm Shutters
Fencing: Chain Link,Wood
Has view: Yes
View description: River, Water
Has water view: Yes
Water view: River,Water
Waterfront features: Creek, Navigable Water, River Access, River Front
Body of water: Sykes Creek

Lot

Size: 10,454 Square Feet
Features: Sprinklers In Front, Sprinklers In Rear

Details

Additional parcels included: 2439128
Parcel number: 243731500000c.00017.00
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Block, Stucco
Roof: Shingle

Condition

Updated/Remodeled
New construction: No
Year built: 1966

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected

Green energy

Energy efficient items: Appliances, Doors, Exposure/Shade, Insulation, Thermostat, Windows

Community & HOA

Community

Subdivision: Gateway Unit No 1

HOA

Has HOA: No

Location

Region: Merritt Island

Financial & listing details

Price per square foot: $504/sqft
Tax assessed value: $447,000
Annual tax amount: $4,639
Date on market: 7/31/2026
Listing terms: Cash,Conventional,VA Loan
Road surface type: Paved

Estimated market value

$952,900

$905,000 - $1.00M

$3,437/mo

Price history

Date	Event	Price
8/21/2026	Contingent	$999,000$504/sqft
Source: Space Coast AOR #1083095 Report a problem
8/15/2026	Price change	$999,000-7.1%$504/sqft
Source: Space Coast AOR #1083095 Report a problem
8/5/2026	Price change	$1,075,000-5.6%$542/sqft
Source: Space Coast AOR #1083095 Report a problem
7/31/2026	Listed for sale	$1,139,000$575/sqft
Source: Space Coast AOR #1083095 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,640 +6.5%	$354,780 +2.9%
2024	$4,355 +0.8%	$344,790 +3%
2023	$4,319 +6.9%	$334,750 +3%
2022	$4,039 -4.7%	$325,000 +3%
2021	$4,239 +0.9%	$315,540 +1.4%
2020	$4,200 +0.9%	$311,190 +2.3%
2019	$4,163	$304,200 +1.9%
2018	$4,163 -0.5%	$298,530 +2.1%
2017	$4,183 -1.3%	$292,390 +66.6%
2016	$4,239 +63.7%	$175,470 +0.3%
2015	$2,589 -3.2%	$175,000
2014	$2,673	$175,000 -24.2%
2013	--	$230,960 +4.7%
2012	$2,280 +3.8%	$220,520 -0.8%
2011	$2,196 +10.1%	$222,320 -13.2%
2010	$1,994 +9.2%	$256,100 -15.2%
2009	$1,826 +0%	$301,860 -12.7%
2008	$1,825 -5.3%	$345,600 -6.3%
2007	$1,926 -7.9%	$369,000 +19.5%
2005	$2,092 -0.6%	$308,750 +63.4%
2004	$2,104 +0.8%	$188,920 +4.8%
2003	$2,087 +1.9%	$180,330 +28.6%
2002	$2,049 +2.5%	$140,230 +5.4%
2001	$1,999 +8.7%	$133,040 +9.4%
2000	$1,838	$121,590

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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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: Angel City

Getting around

7 / 100

Car-Dependent

27 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

8/10
Tropical Elementary School
Grades: PK-6Distance: 1.7 mi
7/10
Thomas Jefferson Middle School
Grades: 7-8Distance: 1.4 mi
5/10
Merritt Island High School
Grades: PK,9-12Distance: 3 mi

Schools provided by the listing agent

Elementary: Tropical
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.