See Home Value
$2,080,000
● House - Off Market

240 Utopia Circle

Merritt Island, FL 32952
bedrooms
6 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
6,637 Ft²
$11,947
Est. Monthly
$244
HOA / Fees
1.21%
Cap Rate

About This Property

This extraordinary 6-bedroom, 5.5-bath riverfront estate is a private retreat on over 2 lush acres in the heart of Merritt Island. With 105 feet of shoreline and more than 6,600 sq. ft. of interior space, this property was designed for entertaining, multigenerational living, and serene waterfront enjoyment.

A rare private boat ramp, 300-foot dock with double slips, 10,000-lb lift, and direct access to the Indian River make this a true boater's dream. Watch rocket launches from your own backyard or unwind beside the deep, heated pool and spa. The outdoor kitchen includes a grill, smoker, fridge, and covered lounge space ideal for entertaining. The backyard feels incredibly private, framed by mature landscaping that creates a peaceful sanctuary.

Inside, a dramatic two-story foyer opens to refined living areas with wood and tile floors, two fireplaces, and a wet bar. The expansive chef's kitchen features a massive granite island, induction cooktop, full-size fridge and freezer, walk-in pantry, and double ovens. A spiral staircase leads to an upstairs sitting area overlooking the great room.

The primary suite is a luxurious sanctuary with four sets of glass doors showcasing river views, a fireplace, oversized closet, spa-like bath, and a private sitting room with custom built-ins. It also opens to a river-facing balcony, shared by a guest suite that offers its own stunning sunrise views, perfect for peaceful mornings or quiet evenings above the water.

Thoughtful upgrades elevate both function and comfort throughout the home. You'll find a durable metal roof, full impact-rated windows and doors for optimal protection. The home is wired with whole-house audio and a full security camera system. A 22KW Generac generator is powered by a 1,000-gallon buried propane tank, and the irrigation system is sourced from an Artesian well. The spacious 4-car garage has been recently resurfaced with a sleek epoxy coating, offering a polished, showroom-quality finish.

Conveniently located just minutes from pristine beaches, the Melbourne Orlando International Airport, and the thriving Space Coast corridor, this home offers unparalleled access to the booming space and defense industries fueling the region's rapid growth. Experience luxury waterfront living with easy access to everything that makes this area extraordinary.
Unit Size
6,637 Ft²
Days on Market
174 days
Land Size
2.00 acres
Price per sqft
$324
Property Type
House
Property Taxes
$1,146
HOA Dues
$244
Year Built
1987

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Last updated: 6 months ago (Space Coast MLS #1051288)

Price History

Date / Event Date Event Price
Dec 30, 2025 Sold
Sold
Dec 1, 2025 In contract -
In contract
Nov 14, 2025 Price Decreased $2,150,000
↓ $245K (10.2%)
Price Decreased
Jul 9, 2025 Listed by One Sotheby's International $2,395,000
Listed by One Sotheby's International
Oct 7, 2014 Sold
Sold
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Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: 0
  • Building Quality: 2
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,056
  • Parking Space Count: 2
  • Patio Type: 17
  • Porch Type: 35
  • Pool Type: 8
  • Location Influence Type: 198

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 9,621
  • Gross Building Area: 9,621
  • Building Area: 6,637
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 6,637
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EGRETS COVE
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: EGRETS COVE LOT 6 & 7 BLK A

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 069400

Zoning

  • Zoning: SEU

Geography

  • Assessors Map Reference: 235
  • Account Number: 2605794
  • Parcel: 26-37-06-04-0000A.0-0006.00
  • Block: A
  • Lot: 6
  • Meridian: SEC 06 TWN 26S RNG 37E
  • Municipality: UNINCORP DISTRICT 2
  • Latitude: 28.2527
  • Longitude: -80.663

    Address

  • Full Address: 240 Utopia Cir
  • Address - House Number: 240
  • Address - Street Name: Utopia
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Merritt Island
  • Carrier Code: R003
  • 4-Digit Zip Code: 7101
  • Zip Code: 32952

Valuation

    Tax

  • Total Area: 8,079
  • Tax Year: 2022
  • Tax Amount: $1,288,190
  • Tax Rate Code Area: 2800

    Appraisal Valuation

  • Standard Deviation: 0.1396
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 83
  • Final Value: 1,842,818
  • High Value: 2,100,243
  • Low Value: 1,585,394

    Market Valuation

  • Market Total Value: $1,492,270

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,063,690

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 30, 2014
  • Current Sale Recording Date: Oct 07, 2014
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014198999
  • Previous Sale Recording Date: Sep 10, 2001
  • Previous Sale Contract Date: Aug 24, 2001
  • Previous Sale Amount: $1,225,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Egrets Cove


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Frequently Asked Questions

When was property at 240 Utopia Circle built and last sold?
The property at 240 Utopia Circle was built in 1987 and last sold on Sep 30, 2014 for $975,000.
How much is this home worth?
The estimated value of the home located at 240 Utopia Circle is $2,418,950.
What are some comparable homes to 240 Utopia Circle?
There are currently no comparable homes to 240 Utopia Circle.