Neighborhood · Merritt Island, Florida
Sunset Lakes
Spacious waterfront living on Merritt Island
1
Homes for sale
$585,000
Median list price
$177
Avg price / sqft
92
Median days on market
Sunset Lakes sits in the heart of Merritt Island, the barrier-island community between the Indian River and the Banana River on Florida's Space Coast. It's a quiet, water-oriented pocket where lots run large and homes trend spacious — the kind of place where a lakefront or pool backyard feels standard rather than a splurge. Neighbors here are within easy reach of nearby communities like Chase Hammock Lakes, Diana Shores, and Indianola, all part of the broader Merritt Island homes for sale market.
For buyers today, inventory is tight — often just a single active listing at a time, so patience and a ready pre-approval matter. That lone listing is priced at $585,000, while homes that actually closed over the past year came in at a median of $492,500, and sellers are getting about 99% of asking. Homes here are large — a median of 3,309 sqft — so the roughly $177 per square foot reads as real value for the space. Watch the live map closely, because when the right home lands it won't stay long once buyers find it.
Sunset Lakes is a community in Merritt Island, Florida.
Quick facts
$585,000 – $585K price range
3,309 sqft median home
$96/mo median HOA
4 sold in 12 months
Drive times
On the market now
Homes for sale in Sunset Lakes
Every active listing inside the Sunset Lakes boundary
Open full map search →Find your fit
Browse Sunset Lakes
By feature — on the live map
The numbers that matter
The Sunset Lakes market
4
Sold, last 12 months
$492,500
Median sold price
99%
Sale-to-list ratio
What sellers actually get vs asking
4 days
Median time to sell
Sunset Lakes vs Merritt Island
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▼ 12.7% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Sunset Lakes boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Sunset Lakes is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Sunset Lakes home
≈ $3,979/mo
$585,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$96/mo
Median HOA
From current listings inside the boundary
Population
817
Median age
52
Median income
$134,500
Median home value
$478,800
Beyond the listings
Living in Sunset Lakes
Active
Top 1% in the U.S.Fitness Obsession
Passionate about strength training, this population relies heavily on the encouragement of the exercise community. While these people seek the latest fitness techniques, they're also interested in supplements and equipment.
Active
Top 4% in the U.S.Functional Fitness
Looking good and reaching fitness goals is all about discipline: Eat right. Work hard. No excuses. This population is more likely to view working out as a means to an end.
Appearance oriented
Top 7% in the U.S.Fitness Fashion
Workout clothes aren't just for working out anymore. This population enjoys wearing name-brand athletic apparel for fashion and functional purposes.
Active
Top 7% in the U.S.Organized Sports
From tryouts and casual pick-up games, to varsity tournaments and intramural matches, this population includes people who participate in organized athletics. Often through schools or public recreational areas.
Appearance oriented
Top 20% in the U.S.Trend Trackers
This population lives as fast as the culture. They like to keep up with the latest trends, especially when it comes to apparel and accessories.
Food & Drink
Top 23% in the U.S.Fueling for Fitness
A population characterized by healthy eating. Often pre-planning for meals for the purpose of fitness and convenience. Likely to participate in meal prep trends.
Straight answers
Sunset Lakes FAQs
Is Sunset Lakes a good place to live?+
It's a good fit if you want space, water views, and a quiet Merritt Island setting close to the rivers. Homes are large — a median 3,309 sqft — and the mix includes waterfront, pool, and gated options. You're also near established neighbors like Hampton Homes and the wider island community.
Is Sunset Lakes expensive?+
It sits in the mid-to-upper range for Merritt Island. The current listing is priced at $585,000, but homes that actually closed over the last year did so at a median of $492,500. At about $177 per square foot for large homes, the value is in the square footage you get.
What do homes cost in Sunset Lakes?+
Right now the single active listing is at $585,000, and the median sold price over the past 12 months was $492,500. With a median home size of 3,309 sqft, that works out to roughly $177 per square foot. It's worth browsing nearby Merritt Island homes for sale to compare.
How is the market in Sunset Lakes?+
Inventory is very thin — often just one active listing — with only four homes sold in the past year. Homes take a median of 92 days to sell, but sellers still net about 99% of asking. That combination means serious buyers should stay ready and check the live map often.
What about HOA fees and property taxes?+
The median HOA here runs about $96 a month, which is modest for a community with waterfront and gated amenities. Property taxes come in around $7,096 a year at current values. Both are worth confirming per property, since taxes track your assessed price.
Keep exploring
More Merritt Island neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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