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    29xx Newfound Harbor Dr Merritt Island, FL 32952

    For Sale
    $700,000

    Direct riverfront lot; build your dream home.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.761-acre (33,149.16 sq ft) waterfront property in Merritt Island, Florida, offers unparalleled luxury and convenience. Located on Newfound Harbor Drive, this commercial and residentially zoned land presents a unique opportunity for development. Enjoy the peaceful ambiance of direct riverfront access, perfect for building a custom home or a commercial venture. The property's prime location provides easy access to nearby amenities. A short 15-minute boat ride takes you to Canaveral Locks, while a 5-minute trip reaches Marker 24, offering fuel, bait, and a restaurant. Spend weekends at the nearby Bird Island sandbar (5 minutes away by boat) or enjoy a 20-minute boat ride to popular waterfront dining destinations like Sunset Grille and Island Time. The property's asking price is $700,000. The address is 29xx Newfound Harbor Drive, Merritt Island, FL 32952. Consider combining this lot with the adjacent vacant lot to the south for an even larger development opportunity. This property is zoned for both commercial and residential use.

    Property Features for 29xx Newfound Harbor Dr

    General Information

    Property type
    Land

    HighLights

    • Asking price: $700,000
    • 0.76 acres of land
    • Located at 29xx Newfound Harbor Drive, Merritt Island, FL 32952
    • Direct riverfront property
    • 33,149.16 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.66327
    Latitude
    28.330383

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    FAQs

    What type of property is this?
    Land - Direct riverfront lot; build your dream home.
    Where is this land located?
    The property is located at 29xx Newfound Harbor Dr Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Asking price: $700,000; 0.76 acres of land; Located at 29xx Newfound Harbor Drive, Merritt Island, FL 32952
    Request Owner's contact information
    29xx Newfound Harbor 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
    29xx Newfound Harbor Dr Merritt Island, FL 32952
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