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    243719778 Sun Pointe Pl Merritt Island, FL 32952

    Sponsored
    For Sale
    $650,000

    Prime 60,548 sq ft lot, Intracoastal access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 60,548 square foot commercial and residential land parcel presents a unique investment opportunity in the prestigious gated community of Morningside Beach, Merritt Island, Florida. Located at 243719778 Sun Pointe Place, zip code 32952, this nearly three-acre lot boasts over 400 feet of direct Intracoastal Waterway frontage, offering unparalleled access to boating, fishing, and breathtaking waterfront views. The property's prime location provides easy access to world-renowned beaches, making it an ideal location for a luxury waterfront residence or a mixed-use development. Situated in Brevard County, this vacant lot is ready for development, allowing the buyer to create their dream project. The asking price for this exceptional property is $650,000. The property's location within the exclusive Morningside Beach community ensures a tranquil and secure environment. This rare opportunity to own a substantial waterfront lot in a desirable location is not to be missed. Buyers are encouraged to act quickly to secure this exceptional piece of Florida real estate. The property is zoned for both commercial and residential use, providing flexibility for a variety of development options.

    Property Features for 243719778 Sun Pointe Pl

    General Information

    Property type
    Land

    HighLights

    • 60,548 SF commercial and residential lot in prestigious Morningside Beach, Merritt Island, FL.
    • Located at 243719778 Sun Pointe Place, 32952, with over 400 ft. of Intracoastal Waterway frontage.
    • Nearly 3‑acre lot offering unparalleled waterfront access and views.
    • Ideal for luxury residential or mixed‑use development; easy beach access.
    • Vacant lot ready for development; zoned for commercial and residential use.
    • $650,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.6682338
    Latitude
    28.3761622

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    FAQs

    What type of property is this?
    Land - Prime 60,548 sq ft lot, Intracoastal access.
    Where is this land located?
    The property is located at 243719778 Sun Pointe Pl Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 60,548 SF commercial and residential lot in prestigious Morningside Beach, Merritt Island, FL.; Located at 243719778 Sun Pointe Place, 32952, with over 400 ft. of Intracoastal Waterway frontage.; Nearly 3-acre lot offering unparalleled waterfront access and views.
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    243719778 Sun Pointe Pl 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
    243719778 Sun Pointe Pl Merritt Island, FL 32952
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