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    3190 Courtenay Pkwy Merritt Island, FL 32953

    For Sale
    $359,900

    6+ Acre Banana Riverfront Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 6.31-acre commercial and residential land parcel presents a unique investment opportunity in desirable South Merritt Island, Florida. Located at 3190 S Courtenay Parkway, zip code 32953, the property boasts an impressive 274,863.6 square feet of land. Its prime location offers nearly 400 feet of captivating waterfront access to the Banana River, providing breathtaking views and significant development potential. The property's zoning allows for both commercial and residential uses, opening doors to a wide range of development possibilities, from luxury waterfront homes to commercial ventures capitalizing on the stunning riverfront setting. The expansive lot size provides ample space for ambitious projects, while the tranquil surroundings offer a serene and desirable location for residents and businesses alike. This is a rare opportunity to acquire a substantial piece of waterfront property in a highly sought-after area of Florida, ripe for development and poised for significant return on investment. The property's latitude and longitude coordinates are 28.470872, -80.6992633 respectively. Serious inquiries are encouraged. The asking price for this remarkable property is $359,900.

    Property Features for 3190 Courtenay Pkwy

    General Information

    Property type
    Land

    HighLights

    • $359,900 asking price.
    • 6.31‑acre land parcel.
    • 274,863.6 square foot lot.
    • Located at 3190 S Courtenay Parkway, Merritt Island, FL 32953.
    • Approximately 400 feet of Banana River frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -80.6992633
    Latitude
    28.470872

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    FAQs

    What type of property is this?
    Land - 6+ Acre Banana Riverfront Lot
    Where is this land located?
    The property is located at 3190 Courtenay Pkwy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: $359,900 asking price.; 6.31-acre land parcel.; 274,863.6 square foot lot.
    Request Owner's contact information
    3190 Courtenay Pkwy Merritt Island, FL 32953
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    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
    3190 Courtenay Pkwy Merritt Island, FL 32953
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