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    0000 Shr Dr Dr Merritt Island, FL 32952

    Sponsored
    For Sale
    $3,500,000

    Exceptional waterfront land, gated community.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This remarkable 223,027 square foot property in Merritt Island, Florida, presents a unique investment opportunity. Located in a gated community, this expansive land parcel offers the potential for development as one large estate or two separate buildable lots. The property boasts breathtaking views, including spectacular space launches, sunrises, sunsets, full moon risings, cruise ships, and the nighttime skylines of Cape Canaveral and Cocoa Beach. Its prime location on a peninsula, dredged in 1954, provides exceptional shoreline protection via a seawall and/or coquina revetment. The property's riparian rights may even allow for a helicopter landing pad over the river portion of a submerged land deed, subject to applicable regulations and permits. Anglers will appreciate the excellent fishing opportunities available. All utilities are conveniently located underground. The asking price for this exceptional waterfront property is $3,500,000. This is a rare chance to acquire a truly unique and desirable piece of Florida real estate with significant potential. The property is zoned for both commercial and residential use, offering flexibility for various development plans. The address is 0000 Shore Drive Drive, Merritt Island, FL 32952.

    Property Features for 0000 Shr Dr Dr

    General Information

    Property type
    Land

    HighLights

    • 223,027 SF waterfront lot in Merritt Island, FL, asking $3,500,000.
    • Located in a gated community, suitable for one large estate or two separate lots.
    • Offers breathtaking views of space launches, ocean, and city skylines.
    • Exceptional shoreline protection via seawall/revetment.
    • Potential for helicopter landing pad (subject to permits).
    • Excellent fishing, underground utilities, and zoned for commercial/residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.6662001
    Latitude
    28.3828671

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    FAQs

    What type of property is this?
    Land - Exceptional waterfront land, gated community.
    Where is this land located?
    The property is located at 0000 Shr Dr Dr Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 223,027 SF waterfront lot in Merritt Island, FL, asking $3,500,000.; Located in a gated community, suitable for one large estate or two separate lots.; Offers breathtaking views of space launches, ocean, and city skylines.
    Request Owner's contact information
    0000 Shr Dr Dr Merritt Island, FL 32952
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    Merritt Island, FL 32952
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    0000 Shr Dr Dr Merritt Island, FL 32952
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