490 Sail Ln, Unit 203

Merritt Island, FL 32953

$399,900
Price
3
Beds
2,122 Sq. Ft.
$188 / Sq. Ft.
2,122
Sq. Ft.
$188
per Sq. Ft.
Building Front
Indian River North and South
Unit Foyer
Staged living area
Living area 203
Kitchen
Den 203
Staged Primary Bedroom
Primary bedroom
Primary Bathroom
Laundry room
Balcony facing west
Balcony facing north
Clubhouse Pool
Clubhouse library
Clubhouse dining room
Looking south
cabana pool
cabana spa
cabana lanai
south sport deck

Description

Lovely waterfront property on the Indian River. View beautiful sunsets, rainbows, and launches from the Cape. Watch dolphins, manatees, and stingrays swim below your balcony. Large unit with flex space for den, formal dining, or hobby area. Unit has recently been painted throughout. Hurricane shutters on balcony. One car individual garage inside the building plus exterior parking. The clubhouse offers meeting areas, library, sauna, gym, kitchen and dining area, and covered patio. Security guards...Lovely waterfront property on the Indian River. View beautiful sunsets, rainbows, and launches from the Cape. Watch dolphins, manatees, and stingrays swim below your balcony. Large unit with flex space for den, formal dining, or hobby area. Unit has recently been painted throughout. Hurricane shutters on balcony. One car individual garage inside the building plus exterior parking. The clubhouse offers meeting areas, library, sauna, gym, kitchen and dining area, and covered patio. Security guards on site. Both pools have been renovated. New large sports deck on the south endfeaturing pickleball, tennis and basketball courts. Come see the water views and lifestyle Island Pointe has to offer.
  1. Listed by Gloria T Felcyn • Penguin Real Estate Svc. LLC

Property Details for 490 Sail Lane, Unit 203

Directions
North Tropical Trail from 520 to Sail Lane.Turn west to guard house. Stop at guard house for directions.
Waterfront
Intracoastal, Lagoon, River Front, Seawall
Subdivision/Condo Name
Island Pointe Condo Ph 1B
Furnished
Unfurnished
LISTING UPDATED: 12/11/2025 09:05 AM

Property Details for 490 Sail Lane, Unit 203

StatusActive
MLS #1053964
Days on Market78
Taxes$3,108 / year
HOA Fees$1,236 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2005
CountyBrevard County

Location

Listing Courtesy of Penguin Real Estate Svc. LLC, Gloria T Felcyn
Add your commute

Building Information for 490 Sail Lane, Unit 203

Building/Complex490 Sail LnFloor2Stories-Residences-Pet Policy-Pet Policy Details-Year Built2005

Payment Calculator

$3,471 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,976

Property Taxes

$259

HOA Dues

$1,236

The Payment Calculator is for illustrative purposes only.

Property Information for 490 Sail Lane, Unit 203

Summary
Location and General Information
  • Unit #: 203
  • City: Merritt Island
  • State/Province: FL
  • County: Brevard
  • Geo Lat: 28.358763
  • Geo Lon: -80.708935
  • Absolute Longitude: 80.708935
  • Schools: Elementary School: Mila
  • Schools: Middle School: Jefferson
  • Schools: High School: Merritt Island
  • General County Loc: Central
  • County Sub/Condo Name: Island Pointe Condo Ph 1B
Taxes and HOA Information
  • Community Fees: 1235.81
  • HOA Info: HOA Amt: $1,235.81
  • HOA Info: HOA Frequency: Monthly
  • Assoc/HOA Contact: 321-806-4908
  • Association Fee Incl: Cable TV, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Pest Control, Security, Sewer, Trash, Water
  • Home Owners Assoc: Island Pointe Condominium of Merritt Island321
  • Taxes: $3,108.20
  • Tax Year: 2025
  • Tax Acct: 2458415
  • Tax ID: 24-36-35-34-00000.0-0001.08
Parking
  • Parking: Total Garage Spaces: 1
  • Parking: Additional Parking, Community Structure, Garage, Garage Door Opener, Gated, Guest, Parking Lot, Underground
  • Garage: 1.0
Property
Lot Information
  • SqFt - Living: 2122.0
  • Lot SqFt: 1742.0
  • Year Built: 2005
  • Picture Count: 21
  • Document Count: 1
  • Lot Description: Dead End Street, Many Trees
  • Acreage: 0.04
  • Furnishings: Unfurnished
  • Legal/Misc: Land Lease: No
  • Road Surface: Asphalt
  • Current Adjacent Use: Residential
Property and Assessments
  • Construction: Concrete
  • Docs on File: 1
  • Property Type: A
  • Res Sub-Type: Sole Proprietor
  • Restrictions: 3 Months, Tenant Approval
  • Legal/Misc: 55+ Community: No
  • MLS Approved: Y
  • Type of Service: Full Service
  • Prop Type: A
  • Sub Type: Condominium
  • To Be Constructed: No
  • Security: Closed Circuit Camera(s),Fire Sprinkler System,Gated with Guard,Secured Elevator,Secured Lobby,Security Gate,Smoke Detector(s)
Utilities
  • Utilities: Sewer or Septic: Public Sewer
  • Utilities: Water Type: Public
  • Utilities: Cable Connected, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Roof: Membrane
  • Total Floors in Bldg: 8
  • Exterior Features: Balcony, Outdoor Shower, Storm Shutters, Tennis Court(s)
  • Common Amenities: Basketball Court, Cable TV, Car Wash Area, Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance Grounds, Maintenance Structure, Management - Off Site, Management - Part Time, Pickleball, Pool, Sauna, Security, Spa/Hot Tub, Tennis Court(s), Trash, Water
  • Flooring: Carpet,Laminate
Interior Features
  • Cooling: Central Air, Electric
  • Heat: Central, Electric
  • Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom - Shower No Tub, Split Bedrooms, Walk-In Closet(s)
  • Equipment/Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Ice Maker, Microwave, Refrigerator
  • Bedrooms: 3
  • Baths - Total: 2.0
  • Baths - Full: 2
  • Baths - Half: 0
Multi Family
Multi-Family Information
  • Selling Terms Code: Cash, Conventional
Agent
Agent Information
  • Closing Co. Name: Brevard Law Group
Sale and Listing
  • Cumulative DOM: 76
  • Days On Market: 76
  • Possession: Close Of Escrow
Showing and Remarks
  • Showing: Call Listing Agent, Combination Lock Box, No Sign
  • Appointment Phone: 941-716-4992
Rental
Rent Information
  • Pet Restrictions: Total # of Pets: 2
  • Pet Restrictions: Cats OK, Dogs OK, Number Limit

Property History for 490 Sail Lane, Unit 203

DateEvent & SourcePriceAppreciation
Nov 6, 2025

Price Change

SCMLS #1053964

$399,900—
Oct 3, 2025

Price Change

SCMLS #1053964

$429,900—
Oct 3, 2025

Listed (Active)

SCMLS #1053964

—
Aug 14, 2025

Pending

SCMLS #1053964

—
Aug 7, 2025

Listed (Active)

SCMLS #1053964

$370,000—
May 14, 2025

Expired

SCMLS #1029835

—
Mar 12, 2025

Price Change

SCMLS #1029835

$399,900—
Nov 15, 2024

Listed (Active)

SCMLS #1029835

$429,900—
Jul 14, 2011

Expired

SCMLS #490088

—
Jul 14, 2011

Expired

SCMLS #490088

—
Nov 4, 2010

Sold

SCMLS #572086

$180,000—
Sep 8, 2010

Sold (Public Record)

Public Record #299245235

$180,000

-18.3% / yr

Aug 24, 2010

Pending

SCMLS #572086

—
Jun 16, 2010

Listed (Active)

SCMLS #572086

$190,000—
Nov 5, 2007

Listed (Active)

SCMLS #490088

$379,000—
Nov 5, 2007

Listed (Active)

SCMLS #490088

$379,000—
Oct 3, 2007

Expired

SCMLS #466211

—
Oct 3, 2007

Expired

SCMLS #466211

—
Apr 9, 2007

Listed (Active)

SCMLS #466211

$425,000—
Apr 9, 2007

Listed (Active)

SCMLS #466211

$425,000—
Jun 8, 2006

Expired

SCMLS #400736

—
Dec 7, 2005

Listed (Active)

SCMLS #400736

$535,000—
Jun 1, 2005

Sold (Public Record)

Public Record #160553446

$520,900—
DateEvent & SourcePrice
11/06/2025

Price Change

SCMLS #1053964

$399,900
10/03/2025

Price Change

SCMLS #1053964

$429,900
10/03/2025

Listed (Active)

SCMLS #1053964

—
08/14/2025

Pending

SCMLS #1053964

—
08/07/2025

Listed (Active)

SCMLS #1053964

$370,000
05/14/2025

Expired

SCMLS #1029835

—
03/12/2025

Price Change

SCMLS #1029835

$399,900
11/15/2024

Listed (Active)

SCMLS #1029835

$429,900
07/14/2011

Expired

SCMLS #490088

—
07/14/2011

Expired

SCMLS #490088

—
11/04/2010

Sold

SCMLS #572086

$180,000
09/08/2010

Sold (Public Record)

Public Record #299245235

$180,000

-18.3% / yr

08/24/2010

Pending

SCMLS #572086

—
06/16/2010

Listed (Active)

SCMLS #572086

$190,000
11/05/2007

Listed (Active)

SCMLS #490088

$379,000
11/05/2007

Listed (Active)

SCMLS #490088

$379,000
10/03/2007

Expired

SCMLS #466211

—
10/03/2007

Expired

SCMLS #466211

—
04/09/2007

Listed (Active)

SCMLS #466211

$425,000
04/09/2007

Listed (Active)

SCMLS #466211

$425,000
06/08/2006

Expired

SCMLS #400736

—
12/07/2005

Listed (Active)

SCMLS #400736

$535,000
06/01/2005

Sold (Public Record)

Public Record #160553446

$520,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 490 Sail Lane, Unit 203

Taxable ValueLand-Additions-Total-
Tax Record2025$2,589 ($216 / month)
Home Facts
Beds0Total Finished SqFt2,122 SqFtAbove Grade Finished SqFt2,122 SqFtLot Size1,742 SqFtStyleCondominiumYear Built2005Year Renovated2025CountyBREVARDAPN24-36-35-34-00000.0-0001.08

Schools near 490 Sail Lane, Unit 203

This home is within Brevard Public Schools.
Rating
School
Type
Grades
Distance
Mila Elementary School
Public - PK to 6
Thomas Jefferson Middle School
Public - 7 to 8
Merritt Island High School
Public - 9 to 12
Edgewood Jr/Sr High School
Public - 7 to 12
Rating
School
Distance
Mila Elementary School
PublicPK to 6

Thomas Jefferson Middle School
Public7 to 8

Merritt Island High School
Public9 to 12

Edgewood Jr/Sr High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 490 Sail Lane, Unit 203, Merritt Island, FL 32953

490 Sail Lane, Unit 203 is a condo for sale in Merritt Island, FL 32953. This property was listed for sale on August 7, 2025 by Penguin Real Estate Svc. LLC, it's currently listed at $399,900. It has been on the market for a total of 78 days and was last sold on November 4, 2010. This listing's school district is Brevard Public Schools. Nearby schools include Mila Elementary School, Thomas Jefferson Middle School and Merritt Island High School. 490 Sail Lane, Unit 203 is a 3-bed, 2-bath, 2,122 sqft condo built in 2005.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Penguin Real Estate Svc. LLC, Gloria T Felcyn

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 12/11/2025 09:05 AM