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    0000 Yount Dr Merritt Island, FL 32952

    Sponsored
    For Sale
    $4,250,000

    11.5-Acre Peninsula, Breathtaking Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11.5-acre peninsula property, located at 0000 Yount Drive, Merritt Island, Florida 32952, presents a unique investment opportunity. The land, encompassing 500,940 square feet, boasts stunning waterfront views along the Indian River Waterway, offering direct access to the Intracoastal Waterway and proximity to the Atlantic Ocean. Its prime location provides convenient access to Cocoa Beach Pier, I-95, Melbourne Orlando International Airport (under 20 minutes), and Orlando's attractions (less than an hour). Previously appraised at $4.5 million, this property is currently listed at $4,250,000. The expansive lot allows for various development possibilities, including a single, luxurious estate or subdivision into three premium lots. Imagine waking up to breathtaking sunrises and tranquil sunsets, all while enjoying the spectacle of Cape Canaveral rocket launches. This is a rare chance to own a piece of untouched waterfront paradise in a highly desirable location. The property is zoned for both commercial and residential use, providing flexibility for diverse development plans. This is a truly exceptional opportunity for discerning buyers seeking a prime waterfront investment in Brevard County, Florida.

    Property Features for 0000 Yount Dr

    General Information

    Property type
    Land

    HighLights

    • 11.5‑acre waterfront peninsula property in Merritt Island, FL.
    • 500,940 sq ft lot with stunning Indian River Waterway views, offering Intracoastal Waterway access and proximity to the Atlantic Ocean.
    • Conveniently located near Cocoa Beach Pier, I‑95, and Melbourne Orlando International Airport (under 20 minutes).
    • Previously appraised at $4.5M, currently listed at $4,250,000.
    • Zoned for commercial and residential use, allowing for various development options including a single estate or subdivision into three lots.
    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
    -80.668206
    Latitude
    28.3752557

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    FAQs

    What type of property is this?
    Land - 11.5-Acre Peninsula, Breathtaking Views
    Where is this land located?
    The property is located at 0000 Yount Dr Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: 11.5-acre waterfront peninsula property in Merritt Island, FL.; 500,940 sq ft lot with stunning Indian River Waterway views, offering Intracoastal Waterway access and proximity to the Atlantic Ocean.; Conveniently located near Cocoa Beach Pier, I-95, and Melbourne Orlando International Airport (under 20 minutes).
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    0000 Yount 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
    0000 Yount Dr Merritt Island, FL 32952
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