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Waterfront Residential Income Condo
For Sale
$494,900

202 Ivory Coral Ln #302, Merritt Island, FL 32953

Furnished 2020 condominium with marina access, heated pool, fitness center, and onsite management.

Property Size1,266 SF
Price / SF$390.92
Days on Market12

Property Features for 202 Ivory Coral Ln #302

General Information

Standard status Active
Size 1,266 SF
Property subtype Multi-Family

Additional Details

Furnished Yes

Amenities

marina
waterfront restaurant
tiki bar
under-building parking
heated swimming pool
fitness center

Building Details

Year Built 2020
Listing Agency: Keller Williams Space Coast
Listed By: Lynnette Hendricks · License #651304
Source: Floridaeastcoastrealestate
Added: Aug 20 Changed: Aug 30 Last Checked: Aug 30 at 4:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Space Coast

Investment Insights

Based on property information with market context.

This 1,266 SF condominium was built in 2020 and is offered fully furnished. The waterfront residence sits along the Canaveral Barge Canal and includes access to a marina, under-building parking, a heated swimming pool, and a fitness center with exercise equipment. An onsite property management team handles marketing and maintenance.

The property provides boat access to the port and ocean, with kayak, pontoon boat, and paddle board rentals available for exploring the connected waterways. A waterfront restaurant and tiki bar are part of the resort setting. The home is also described as being minutes from Orlando attractions, with views of Cape Canaveral launches from the property.

Key Highlights

  • 1,266 SF waterfront condominium built in 2020
  • Fully furnished residence along the Canaveral Barge Canal
  • Marina access with boat access to the port and ocean

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Electrical Service Bed & Breakfast Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

Demographics for 32953, FL

24,430
Population
11,566
Households
2.1
Avg Household Size
51
Median Age
35%
College-Educated
95%
High-School Grad
39.8 sq mi
ZIP Area
614
Density / Sq Mi
$84,248
Median Household Income
$41,534
Median Earnings
$1,300
Median Rent
$394,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Furnished 2020 condominium with marina access, heated pool, fitness center, and onsite management.
Where is this residential income property located?
The property is located at 202 Ivory Coral Ln #302 Merritt Island, FL.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: 1,266 SF waterfront condominium built in 2020; Fully furnished residence along the Canaveral Barge Canal; Marina access with boat access to the port and ocean
More about this property
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