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For sale
    • Price cut: $25K (8/6)
    $1,425,000

    5137 Royal Paddock Way, Merritt Island, FL 32953

    6beds
    4,327sqft
    : 
    $8,928/mo
    Get pre-qualified
    Single Family Residence
    Built in 2005
    1 Acres Lot
    $1,347,900 Zestimate®
    $329/sqft
    $133/mo HOA

    What's special

    Granite countertopsElegant old-world textured exteriorPeaceful sanctuaryHigh-end finishesCustom front entry doorTravertine flooring throughout
    An exceptional opportunity to own a custom-built estate crafted by one of the region's most respected luxury builders, originally constructed as a personal residence and perfectly situated on a full acre of beautifully landscaped grounds. Ideally located just minutes from Cocoa Beach, the world-famous shoreline, Port Canaveral, premier shopping, and renowned restaurants--yet privately tucked away within its own peaceful sanctuary. From the elegant old-world textured exterior to the travertine flooring throughout, every detail reflects timeless craftsmanship and refined design. Recent upgrades include a brand-new roof, Viking refrigerator with premium Viking appliances, new water heater, custom front entry door, and new washer. At the heart of the home is a chef's island kitchen featuring rich cherry cabinetry with chocolate glaze, granite countertops, and high-end finishes.
    2 days
    |
    110
    |
    1
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    James Edmunds 321-349-5068,

    One Sotheby's International

    Source: Space Coast AOR,MLS#: 1084939

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Electric Water Heater, Gas Oven, Gas Range, Ice Maker, Washer
      • Laundry: Lower Level
      Features
      • Breakfast Nook, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Guest Suite, His and Hers Closets, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
      • Flooring: Tile, Wood
      • Has fireplace: No
      Interior area
      • Total structure area: 5,956
      • Total interior livable area: 4,327 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Garage, Gated, Secured
      • Garage spaces: 4
      Features
      • Stories: 2
      • Exterior features: Courtyard, Outdoor Kitchen
      • Has private pool: Yes
      • Pool features: In Ground, Waterfall
      • Has view: Yes
      • View description: Pond, Trees/Woods, Water
      • Has water view: Yes
      • Water view: Pond,Water
      • Waterfront features: Pond
      • Body of water: Canal Non-Navigation
      Lot
      • Size: 1 Acres
      • Dimensions: 131 x 366
      • Features: Other
      Details
      • Additional parcels included: 2323211
      • Parcel number: 23362525E18
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman,Traditional
      • Property subtype: Single Family Residence
      Materials
      • Block, Concrete, Frame, Stucco
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 2005

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Subdivision: Chase Hammock Lakes
      HOA
      • Has HOA: Yes
      • Amenities included: Gated, Security
      • HOA fee: $1,600 annually
      • HOA name: Chase Hammock Lakes
      Location
      • Region: Merritt Island

      Financial & listing details

      • Price per square foot: $329/sqft
      • Tax assessed value: $773,380
      • Annual tax amount: $10,275
      • Date on market: 8/13/2026
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        $1,347,900

        $1.28M - $1.42M

        $7,279/mo

        Price history

        DateEventPrice
        8/6/2026Price change$1,425,000-1.7%$329/sqft
        Source: Space Coast AOR #1071332 Report a problem
        6/26/2026Price change$1,450,000-3.3%$335/sqft
        Source: Space Coast AOR #1071332 Report a problem
        5/13/2026Price change$1,500,000-6.3%$347/sqft
        Source: Space Coast AOR #1071332 Report a problem
        3/7/2026Listed for sale$1,600,000-5.9%$370/sqft
        Source: Space Coast AOR #1071332 Report a problem
        9/22/2025Listing removed$1,700,000$393/sqft
        Source: Space Coast AOR #1040660 Report a problem
        7/9/2025Price change$1,700,000-5.6%$393/sqft
        Source: Space Coast AOR #1040660 Report a problem
        3/20/2025Listed for sale$1,799,999+190.3%$416/sqft
        Source: Space Coast AOR #1040660 Report a problem
        5/29/2008Sold$620,000-27.1%$143/sqft
        Source: Public Record Report a problem
        1/18/2008Listed for sale$849,900+58.6%$196/sqft
        Source: Visual Tour #492722 Report a problem
        9/21/2005Sold$536,000+215.3%$124/sqft
        Source: Public Record Report a problem
        6/11/2004Sold$170,000$39/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,275 +73.7%$773,380 +66%
        2024$5,916 +5.5%$465,780 +8.3%
        2023$5,608 +6.8%$430,230 +3%
        2022$5,251 -4.9%$417,700 +3%
        2021$5,524 +0.9%$405,540 +1.4%
        2020$5,472 +0.5%$399,950 +2.3%
        2019$5,445 $390,960 +1.9%
        2018$5,445 -0.5%$383,680 +2.1%
        2017$5,474 -1.4%$375,790 +2.1%
        2016$5,553 -2.1%$368,070 +0.7%
        2015$5,670 -4%$365,520 +0.8%
        2014$5,908 $362,620 -4.4%
        2013-- $379,370 +8%
        2012$5,554 -7.4%$351,300 -6.6%
        2011$5,999 -0.9%$376,000 -7.9%
        2010$6,051 -2.9%$408,280 -15%
        2009$6,233 -30.1%$480,290 -16.9%
        2008$8,919 +2.3%$578,000 -3.2%
        2007$8,723 +311.2%$597,000 +397.5%
        2005$2,121 +35.4%$120,000 +41.2%
        2004$1,566 +197.8%$85,000 +214.2%
        2003$526 $27,050
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: North Merritt Island

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Carroll
        • Middle: Jefferson
        • High: Merritt Island

        Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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