5+ Days Ago
Highlights
- Clubhouse
- Gated community
- Open concept
- Laundry room
- Renovated unit
- Beautiful bathrooms
Location
480 Sail Ln, Merritt Island, FL 32953, USA
Tour 480 Sail Ln
Contact
Innovation Property Management Inc
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Amenities for 480 Sail Ln
Apartment Amenities
| Wine Cooler |
Appliances
| Dishwasher | In-Unit Laundry |
| Microwave | Range |
| Side-by-Side Refrigerator | Washer and Dryer |
Grounds
| Community Clubhouse | Community Pool |
| Outdoor Space | Swimming Pool |
| Tennis Courts |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 480 Sail Ln
Welcome to the premier waterfront condo you’ve been waiting for! This stunning 3-bedroom, 2-bath, 2,048 sq ft top-floor residence at Island Pointe offers 360° water views, direct Indian River frontage, and an expansive open-concept layout that truly feels like a single-family home. Fully remodeled with Cambria quartz throughout, the entertainer’s kitchen features Bosch stainless steel appliances, a large pantry, and a stylish dry bar with built-in wine fridge. Floor-to-ceiling sliders lead to a private waterfront balcony—perfect for enjoying breathtaking sunsets and rocket launches. Located in a gated, guard-manned community on Merritt Island, residents enjoy two pools, clubhouse, fitness center, tennis courts, sauna, and more. The home boasts soaring 10-foot ceilings, designer bathrooms with backlit mirrors and premium finishes, a laundry room with sink and high-end washer/dryer, generous storage, hurricane shutters with new motor, and a private indoor garage plus guest parking. Water and cable are included, and the unit may be furnished for an additional fee. Just minutes from beaches, Cocoa Village, dining, and easy access to Orlando—this is resort-style waterfront living at its finest. All Innovation Property Management residents are enrolled in the Resident Benefits Package (RBP) for $45.00/month which includes liability insurance, HVAC air filter delivery (for applicable properties), on-demand pest control, and much more! More details upon application. Price may be reduced depending on tenant’s desire to add pest control and/or provide proof of adequate insurance coverage. HOW TO APPLY: 1. Visit the website of Innovation Property Management, Inc. 2. Click "Rentals" at the top of the page. 3. Find the rental unit you are interested in on the list and click "Apply Now”.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 480 Sail Lane, Merritt Island, FL 32953, USA compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 mile away
- More space
- The 3-bedroom is 598 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 2 miles away
- Images Available
- There are at least 10 photos of this address
Address details
| Zip code | 32953 |
|---|---|
| Type | Condo for rent |
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Rent trends in Merritt Island
3-bedroom apartments at 480 Sail Ln cost about 35% more than the average rent price for 3-bedroom apartments in Merritt Island.
Median rents as of Jan 10 2026.
Merritt Island
| Month | Median Rent |
|---|---|
| February 2024 | $2,437 |
| March 2024 | $2,539 |
| April 2024 | $2,685 |
| May 2024 | $2,575 |
| June 2024 | $2,575 |
| July 2024 | $2,456 |
| August 2024 | $2,445 |
| September 2024 | $2,438 |
| October 2024 | $2,487 |
| November 2024 | $2,550 |
| December 2024 | $2,400 |
| January 2025 | $2,500 |
| February 2025 | $2,600 |
| March 2025 | $2,745 |
| April 2025 | $2,858 |
| May 2025 | $2,797 |
| June 2025 | $2,799 |
| July 2025 | $2,756 |
| August 2025 | $2,437 |
| September 2025 | $2,614 |
| October 2025 | $2,586 |
| November 2025 | $2,645 |
| December 2025 | $2,595 |
| January 2026 | $2,587 |
Affordability calculator
Can I afford to live at 480 Sail Ln?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$139,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $139,800 annually to afford this 3-bedrooms monthly rent price of $3,495.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 3 months ago | $2,950 | 3 bed | 2 bath | ||
| 1 year ago | $2,900 | 3 bed | 2 bath | ||
| 5 years ago | $2,200 | 3 bed | 2 bath | ||
| 6 years ago | $2,100 | 3 bed | 2 bath | ||
| 7 years ago | $2,250 | 3 bed | 2 bath | ||
| 8 years ago | $1,900 | 3 bed | 2 bath | ||
| 8 years ago | $2,000 | 3 bed | 2 bath | ||
| 9 years ago | $2,000 | 3 bed | 2 bath | ||
| 10 years ago | $1,700 | 3 bed | 2 bath |
Schools near 480 Sail Ln
Mila Elementary School
288 w merritt ave
merritt island, FL, 32953
PK, K-6Public
B-
Merritt Island High School
100 mustang way
merritt island, FL, 32953
PK, 9-12Public
B+
Brevard Virtual School
1225 clearlake rd
cocoa, FL, 32922
K-12Public
A-
Robert L. Stevenson Elementary School
1450 martin blvd
merritt island, FL, 32952
K-6Public
A-
Freedom 7 Elementary School of International Studies
400 s 4th st
cocoa beach, FL, 32931
K-6Public
A-
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Internet available near 480 Sail Ln
Getting around Merritt Island near 480 Sail Ln
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 480 Sail Ln, Merritt Island
Groceries
6/10
At least one supermarket within a 20-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Nightlife
4/10
Some bars within walking distance
Other units at this address
480 Sail Lane, Merritt Island, FL
480 Sail Lane Merritt Island, FL
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102
3 Beds
2 Baths
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Walk-In Closets
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3 Beds
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