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    1405 Tropical Trl Merritt Island, FL 32953

    For Sale
    $1,775,000

    3.1 Acres, Indian River Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3.1-acre property in Merritt Island, Florida, presents a unique development opportunity. Comprising three contiguous parcels totaling 131,115.6 square feet, this land boasts approximately 87 feet of pristine Indian River frontage. The easternmost parcel, accessible from N Tropical Trail, is zoned RU1-9 for residential single-family use, providing a perfect site for a primary residence. A smaller connecting parcel links this to the expansive riverfront parcel, zoned for Estate Use, offering unparalleled views and direct water access. Imagine breathtaking sunsets and the tranquility of the Indian River as your backdrop. Conveniently located south of State Road 528 and the Barge Canal, this prime location offers easy access to Orlando and the Kennedy Space Center, with the added bonus of spectacular rocket launch viewing opportunities. The asking price for this remarkable property is $1,775,000. This is a rare chance to build your dream estate in a highly desirable location. The property's address is 1405 N Tropical Trail, Merritt Island, FL 32953. Don't miss this exceptional investment opportunity.

    Property Features for 1405 Tropical Trl

    General Information

    Property type
    Land

    HighLights

    • $1,775,000 asking price.
    • 3.1‑acre commercial land parcel.
    • 131,115.6 square foot lot size.
    • 87 feet of Indian River frontage.
    • Located in Merritt Island, FL, zip code 32953.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.712472
    Latitude
    28.382002

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    FAQs

    What type of property is this?
    Land - 3.1 Acres, Indian River Frontage
    Where is this land located?
    The property is located at 1405 Tropical Trl Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $1,775,000.
    What are key features of this property?
    This property features: $1,775,000 asking price.; 3.1-acre commercial land parcel.; 131,115.6 square foot lot size.
    Request Owner's contact information
    1405 Tropical Trl 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
    1405 Tropical Trl Merritt Island, FL 32953
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