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225 RICHLAND

House For Sale
$490,000

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ETH: 280.64146621

-$59K (2026/03/22)
252 days
Waterfront
4 bds
2 ba
1,900 sqft

Overview

Stunning waterfront sanctuary on Merritt Island —whether you’re seeking an ideal forever home, a smart investment, or a short-term rental machine, this property checks every box. Beautifully renovated and offering approximately 2,100 sq ft of living space, this 4-bed, 2-bath home features modern finishes and a thoughtfully designed layout perfect for entertaining and everyday living. Brand new cabinets and counters, brand new tankless water heater (2025) updated vinyl waterproof flooring, fresh interior paint, Step inside to an open-plan family room and living zone where natural light floods the space and draws your attention to a beautifully updated gourmet kitchen—featuring sleek cabinetry, high-end appliances, and ample workspace for culinary creativity. Large windows and sliding glass doors frame the serene canal views, inviting the sunshine and tranquil water vistas into your home. In the private outdoor space—your very own waterfront lot—you’ll find a lushly landscaped setting built for both relaxing and recreation. The pool deck and covered patio overlook the tranquil canal with direct water access: ideal for boating, kayaking, fishing, or simply welcoming the Florida sun and coastal breezes. Whether you're unwinding with family or hosting friends, this home offers the kind of lifestyle many only dream about. Located in the heart of the Catalina Isle Estates Unit 2 neighborhood, you’re just minutes away from Merritt Island’s waterfront, beaches, nature preserves, and the vibrant amenities of Florida’s Space Coast. This is a destination address—close to Cocoa Beach, Port Canaveral, and the iconic Kennedy Space Center. The location not only provides outstanding living, but also tremendous investment potential. From an income standpoint: the short-term rental market in Merritt Island is strong. With 4 bedrooms, inviting waterfront access, and superb location, this home is not just a living space—it’s a ready-made revenue-generator. If you’ve been looking for a home that offers luxury, flexibility, and an unbeatable location, 225 Richland Ave is the one. Reach out today to schedule your private showing—there are homes like this, and then there are homes like THIS. Listing Agent Is Owner.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1964
Lot:
0.18 Acres
Heating:
Natural Gas
Price/sqft:
$258
Cooling:
Central Air / Mini-Split Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$403,000
$232K – $494K
Confidence Low
List vs. estimate
$87K above estimate
List $490,000 · +21.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$257
+5.2% vs. city median $245
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,633
2024
Pool
Other
Waterfront
Canal Front
All facts and features
  • Flooring

    • Ceramic Tile

    • Vinyl

    Heating

    • Natural Gas

    Cooling

    • Central Air

    • Mini-Split Unit(s)

    Appliances

    • Dishwasher

    • Disposal

    • Electric Water Heater

    • Exhaust Fan

    • Gas Water Heater

    • Ice Maker

    • Microwave

    • Range Hood

    • Refrigerator

    • Tankless Water Heater

    Other interior features

    • Kitchen/Family Room Combo

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Pool Private: Yes

    • Exterior Features: Private Mailbox / Sidewalk / Sliding Doors / Storage

    Lot

    • Lot: 0.18 Acres

    Other Property Information

    • Parcel Number: 24 36260384

    • Zoning: 0110

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Available

    • Natural Gas Available

    • Phone Available

    • Propane

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $4,633

  • Source details

    • MLS ID: O6346730

    Other facts

    • Construction Materials: Block / Concrete

    • Foundation Details: Block

    • Laundry Features: Common Area / Corridor Access / Gas Dryer Hookup / Washer Hookup

    • Pool Features: Other

    • Direction Faces: Northeast

    • Waterfront: Yes

    • Living Area: 1900

    • Water Source: Public

    • Subdivision Name: CATALINA ISLE ESTATES UNIT 2

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: LPT REALTY, LLC