Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    9405 Tropical Trl Merritt Island, FL 32952

    For Sale
    $1,850,000

    1.5-Acre Waterfront Land, $1.85M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 65,340 square foot lot presents a unique opportunity in Merritt Island, Florida. Situated on 9405 S Tropical Trail, this expansive property boasts full frontage on both the Indian River and the Banana River, offering unparalleled waterfront views. The existing home, rebuilt in 2005, features a durable 30+ year metal roof, original terrazzo flooring throughout, and hurricane-impact windows. This remarkable property offers the potential for a variety of uses, from a private estate to a family compound, or even a potential subdivision (buyer to verify feasibility). The location in Brevard County, zip code 32952, provides convenient access to local amenities while maintaining a serene, waterfront setting. This is one of the last remaining large river-to-river estate properties on South Merritt Island, representing a rare chance to acquire a significant piece of prime real estate with exceptional versatility. The asking price is $1,850,000. This property is zoned for both commercial and residential use. Buyers are responsible for conducting their own due diligence regarding potential lot division.

    Property Features for 9405 Tropical Trl

    General Information

    Property type
    Land

    HighLights

    • $1,850,000 asking price.
    • 1.5‑acre commercial and residential land parcel.
    • 65,340 square foot lot size.
    • Located at 9405 S Tropical Trail, Merritt Island, FL 32952.
    • Full frontage on both the Indian River and Banana River.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Food Market Carpet & Flooring 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
    -80.6311725
    Latitude
    28.1918419

    Nearby Similar for Sale

    • $9,998,900
      63,125 SF

      Former Car Dealership on Causeway

      Former car dealership with offices, service bays, and extra amenities.
      1850 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $400,000
      2,523 SF

      Income-Producing Duplex on Spacious Lot

      Two independent residences, well-maintained with rental income potential.
      1685 Savana Dr, Merritt Island, FL 32952
      View Details
    • New
      $749,500
      4,631 SF

      Commercial Corner Lot with Pool

      Two buildings on a corner lot with a heated pool.
      691 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $185,000
      882 SF

      Merritt Island Co-op

      3 bed, 2 bath co-op near the beach.
      195 Treasure St, Merritt Island, FL 32952
      View Details
    • $125,000
      704 SF

      Merritt Island Multifamily Unit

      Well-maintained 2-bedroom end unit with modern upgrades and community amenities.
      215 Buccaneer Ave, Merritt Island, FL 32952
      View Details
    • $94,900
      550 SF

      Updated Co-Op Near Banana River

      Updated first-floor co-op unit with deeded carport near Cocoa Beach.
      205 Buccaneer Ave, Merritt Island, FL 32952
      View Details

    FAQs

    What type of property is this?
    Land - 1.5-Acre Waterfront Land, $1.85M
    Where is this land located?
    The property is located at 9405 Tropical Trl Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: $1,850,000 asking price.; 1.5-acre commercial and residential land parcel.; 65,340 square foot lot size.
    Request Owner's contact information
    9405 Tropical Trl Merritt Island, FL 32952
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9405 Tropical Trl
    Merritt Island, FL 32952
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    9405 Tropical Trl Merritt Island, FL 32952
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.