$4,452

closing credit¹

506 Palm Ave Merritt Island, FL 32952

$374,900
4 beds
2 full
1,500 sqft
0.2 acres
$250 / sqft
House

Property details

About 506 Palm Ave

WHOA! Another Price Reduction as Seller wants it sold!! Newly renovated 4/2 home in the heart of Merritt Island with a NEW Roof, Electrical Panel, Water Heater, HVAC, & more! Step inside to an open concept interior connecting the living space to your new kitchen featuring white shaker cabinets, beadboard backsplash and new Whirlpool appliances. Discover fresh paint, new lighting, and Pergo waterproof flooring. The open living area flows into the light filled dining room presenting open views into your fenced back yard that is perfect for family, friends, fur babies, a firepit or pool to entertain. There's additional storage in the updated laundry room, and both front & back porches have been perfectly maintained and rescreened, creating the ideal spot to sit and sip your morning coffee or evening cocktail. Make your appointment today to see everything this charming home has to offer.

Highlights

Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Electric
Size1,500 sqft
Lot size0.17 Acres
Year built1959
ParkingAttached Carport,Carport,Covered
MLS #1025957

Virtual tour

Summary

  • MLS Number: 1025957
  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • Office Name: Florida East Coast Real Estate
  • Office Phone: (321) 877-4800
  • Office Email: floridaeastcoastbroker@gmail.com
  • Listing Agent: Carol A. McNamee

IDX Copyright © 2025 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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back of house featuring a yard

$374,900

506 Palm Ave

$4,452

closing credit¹

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Price information

Property sales

DateEventPrice
Apr 29, 2024
Home Sold
$229,000

Tax history

YearAssessmentProperty Tax
2023$66,320$1,021
2022$64,390$967
2021$62,520$967
2020$61,660$915
2019$60,280$859
2018$59,160$856
2017$57,950$856

History based on county public records data.

Nearby schools

8

Tropical Elementary School

Public District KG-6

0.5 mi

885 S Courtenay Pkwy

4

MILA Elementary School

Public District PK-6

1.1 mi

288 W Merritt Ave

6

Audubon Elementary School

Public District PK-6

2.6 mi

1201 N Banana River Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $69,167. Typical income of Merritt Island, FL residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

25%
<35k
55%
35k-100k
19%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

51%
Single, No Kids
10%
Single, with Kids
26%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
7%
12-17 yrs old
20%
18-34 yrs old
47%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Horse RacesHorse Races
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Stein MartStein Mart
  • Sam's ClubSam's Club

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • LongHorn SteakhouseLongHorn Steakhouse
  • Bob EvansBob Evans

What do the neighbors drive?

  • ChevroletChevrolet
  • BuickBuick
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • RockRock
  • Contemporary InspirationalContemporary Inspirational
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

About 506 Palm Ave

This home is located at 506 Palm Ave in Merritt Island, FL and zip code 32952 in the Merritt Ridge Sheet neighborhood. This 1,500 square foot home, which was built in 1959, sits on a 0.17 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $374,900.

In January 2025, from all listings sold in Merritt Island, FL there were more than 2 sold above asking price, over 35 sold below and more than 9 were sold right at the asked price. The inventory of homes for sale in Merritt Island, FL between December and January 2025 increased by 15.3%. The median list price of listings available in January 2025 was $475,400, while the average time on the real estate market was 65 days.

From Rocket Homes Real Estate and based on county public records data.

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