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    1125 Newfound Harbor Dr Merritt Island, FL 32953

    Sponsored
    For Sale
    $130,000

    Prime 10,000+ sq ft lot, build your dream!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,018.8 square foot vacant lot presents a unique investment opportunity in the desirable Merritt Island, Florida location. Situated at 1125 Newfound Harbor Drive, 32953, this property offers the rare combination of commercial and residential zoning, providing flexibility for a diverse range of development projects. Its prime location offers unparalleled convenience, with easy access to the Banana River, providing stunning waterfront views and recreational opportunities. Beach access is just minutes away, and the vibrant shops and restaurants of Merritt Island are a short drive. The property's size allows for substantial development potential, catering to various needs, from building a single-family residence to a smaller-scale commercial venture. The address is 1125 Newfound Harbor Drive, Merritt Island, Brevard County, Florida, 32953. This is a truly remarkable opportunity to create a custom-built home or commercial space in a highly sought-after location. The latitude and longitude coordinates are 28.470872, -80.6992633 respectively. The asking price for this exceptional property is $130,000.

    Property Features for 1125 Newfound Harbor Dr

    General Information

    Property type
    Land

    HighLights

    • $130,000 asking price.
    • 10,018.8 square foot lot.
    • Located at 1125 Newfound Harbor Drive, Merritt Island, FL 32953.
    • Commercial and residential zoning.
    • Minutes from the beach and local amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Building Supply Gym & Fitness Skin Care Clinic Wholesale Shop Hotel & Motel Department Store HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.6992633
    Latitude
    28.470872

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    FAQs

    What type of property is this?
    Land - Prime 10,000+ sq ft lot, build your dream!
    Where is this land located?
    The property is located at 1125 Newfound Harbor Dr Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: $130,000 asking price.; 10,018.8 square foot lot.; Located at 1125 Newfound Harbor Drive, Merritt Island, FL 32953.
    Request Owner's contact information
    1125 Newfound Harbor Dr Merritt Island, FL 32953
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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
    1125 Newfound Harbor Dr Merritt Island, FL 32953
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