FRESH NEW PRICE! RECENTLY APPRAISED AT 2.4 MILLION! One-of-a-kind Peninsula Waterfront Estate on Two Premium Lots.Welcome to a rare peninsula-tip estate on coveted Milford Point Drive in Merritt Island.Fully renovated in 2017, this 4,000+ sq.ft. residence combines classic coastal elegance w/modern upgrades.The property boasts direct river access,deep-water dockage,frontage on two waterways,one lot facing the open river and a second on a protected canal.Step inside to an open-concept plan filled w/natural light:5 Bedrooms,4 Baths,Include 3 Master Suites/In law Suite & Office. Impact-rated (hurricane-protected)doors & windows w/ plantation shutters frame water views from nearly every room.The entertainer's kitchen opens to the main living area & features Thermador double ovens w/ 6 gas burners,as well as generous prep/storage space.Two premium lots one on the open river,one on the quiet canal,12,500-lb boat lift and dock on Deep Water Pelican Creek. Comprehensive 2017 renovation -Three-zone HVAC -Impact windows/doors; plantation shutters throughout -Built-in wall units; garage shelving -Oversized two-car garage, plus storage shed and woodworking shop -Lush tropical landscaping.Outdoors, relax under the palms on the spacious porch and enjoy panoramic vistas, watch rocket launches from Kennedy Space Center, and cruise ships gliding by right from home -Multiple vantage points to watch rocket launches from home. Abundant Wildlife! Fish, Manatees and Dolphins out your back door!
This is more than a home; it's a private waterfront retreat for boaters, space-launch enthusiasts, and anyone who values privacy, luxury, and an unparalleled location.
For sale
Price cut: $20K (8/6)
$2,239,000
700 Milford Point Dr, Merritt Island, FL 32952
5beds
4,040sqft
Single Family Residence
Built in 1985
7,840 Square Feet Lot
$2,103,500 Zestimate®
$554/sqft
$-- HOA
What's special
Garage shelvingDeep-water dockageThree-zone hvacOversized two-car garageDirect river accessLush tropical landscapingPanoramic vistas
- 226 days
- 799
- 35
Zillow last checked:
Listing updated:
Listed by:
Rebecca D Maciel 321-745-9804,
J. Edwards Real Estate
Source: Space Coast AOR,MLS#: 1066753
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Double Oven, Dryer, Gas Oven, Microwave, Refrigerator, Washer, Wine Cooler
- Laundry: Lower Level
Features
- His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
- Flooring: Tile, Wood
- Number of fireplaces: 1
- Fireplace features: Electric
Interior area
- Total interior livable area: 4,040 sqft
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking, Attached, Garage
- Attached garage spaces: 2
Features
- Levels: Multi/Split,Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Balcony, Dock, Outdoor Kitchen, Boat Lift, Impact Windows
- Has spa: Yes
- Spa features: Above Ground
- Has view: Yes
- View description: River, Intracoastal
- Has water view: Yes
- Water view: River,Intracoastal
- Waterfront features: Canal Front, Navigable Water, River Front, Intracoastal
- Body of water: Banana River
Lot
- Size: 7,840 Square Feet
- Features: Dead End Street, Wooded
Details
- Additional structures: Boat House, Outdoor Kitchen, Shed(s)
- Additional parcels included: 2441736
- Parcel number: 2437300100000.00055.00
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Stucco
- Roof: Metal
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1985
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: Milford Point Beach Subd
HOA
- Has HOA: No
Location
- Region: Merritt Island
Financial & listing details
- Price per square foot: $554/sqft
- Tax assessed value: $781,650
- Annual tax amount: $7,484
- Date on market: 1/16/2026
- Listing terms: Cash,Conventional,Owner May Carry,Private Financing Available
- Road surface type: Asphalt
Estimated market value
$2,103,500
$2.00M - $2.21M
$6,124/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Price change | $2,239,000-0.9%$554/sqft |
Source: Space Coast AOR #1066753 Report a problem | ||
| 6/11/2026 | Price change | $2,259,000-1.8%$559/sqft |
Source: Space Coast AOR #1066753 Report a problem | ||
| 1/16/2026 | Listed for sale | $2,300,000+1.8%$569/sqft |
Source: Space Coast AOR #1066753 Report a problem | ||
| 11/5/2025 | Listing removed | $2,259,000$559/sqft |
Source: Space Coast AOR #1057494 Report a problem | ||
| 10/15/2025 | Price change | $2,259,000-1.7%$559/sqft |
Source: Space Coast AOR #1057494 Report a problem | ||
| 9/18/2025 | Listed for sale | $2,299,000+384%$569/sqft |
Source: Space Coast AOR #1057494 Report a problem | ||
| 6/16/2015 | Sold | $475,000-5%$118/sqft |
Source: Space Coast AOR #721969 Report a problem | ||
| 10/30/2012 | Sold | $500,000+0%$124/sqft |
Source: Public Record Report a problem | ||
| 9/18/2012 | Pending sale | $499,900$124/sqft |
Source: J. Edwards Real Estate #643027 Report a problem | ||
| 6/15/2012 | Listed for sale | $499,900+85.8%$124/sqft |
Source: J. Edwards Real Estate #643027 Report a problem | ||
| 2/10/1997 | Sold | $269,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,484 +6.2% | $576,460 +2.9% |
| 2024 | $7,050 +0.6% | $560,220 +3% |
| 2023 | $7,010 +6.8% | $543,910 +3% |
| 2022 | $6,565 -5.3% | $528,070 +3% |
| 2021 | $6,930 +0.5% | $512,690 +1.4% |
| 2020 | $6,897 +0.2% | $505,620 +2.3% |
| 2019 | $6,883 | $494,260 +1.9% |
| 2018 | $6,883 -0.6% | $485,050 +27.5% |
| 2017 | $6,927 +23.9% | $380,440 +2.1% |
| 2016 | $5,591 -2.1% | $372,620 -16.2% |
| 2015 | $5,709 -21.3% | $444,440 +9.3% |
| 2014 | $7,253 | $406,800 +6.9% |
| 2013 | -- | $380,690 +16.3% |
| 2012 | $5,813 +68.9% | $327,270 +7.7% |
| 2011 | $3,442 +10.5% | $303,770 -11.9% |
| 2010 | $3,115 +9.2% | $344,970 -15% |
| 2009 | $2,854 0% | $405,840 -13.8% |
| 2008 | $2,854 -2% | $471,000 -3.7% |
| 2007 | $2,913 -7.7% | $489,000 -2.1% |
| 2005 | $3,157 -0.8% | $499,620 +19.8% |
| 2004 | $3,181 -3.2% | $416,880 +32.6% |
| 2003 | $3,285 +1.7% | $314,340 +11.8% |
| 2002 | $3,231 +2.3% | $281,280 +3.5% |
| 2001 | $3,157 +9.8% | $271,670 +43.6% |
| 2000 | $2,876 | $189,160 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32952
Nearby schools
Schools provided by the listing agent
- Elementary: Audubon
- 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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