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    5205 Tropical Trl Merritt Island, FL 32952

    Sponsored
    For Sale
    $735,000

    Acre lot, Banana River views, dock variance.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional one-acre commercial and residential lot, located at 5205 S Tropical Trail in the desirable Hacienda Del Sol Estates of Merritt Island, Florida (zip code 32952), presents a unique investment opportunity. Boasting 43,560 square feet of land, this corner lot offers breathtaking waterfront views of the Banana River. A significant advantage is the already approved 236-foot dock variance from the HOA, simplifying the process of building your dream dock. The property features a pre-existing house pad, saving time and resources on initial construction. Imagine waking up to stunning sunrises and enjoying tranquil moonlit nights over the river. The location in Brevard County, Florida, provides easy access to local amenities and attractions. This versatile property is suitable for a variety of commercial and residential uses, making it an ideal choice for developers or individuals seeking a prime waterfront location to build their dream home or commercial venture. The asking price is $735,000. Don't miss this rare opportunity to own a piece of paradise on the Banana River.

    Property Features for 5205 Tropical Trl

    General Information

    Property type
    Land

    HighLights

    • $735,000 asking price.
    • 43,560 square foot lot.
    • Located at 5205 S Tropical Trail, Merritt Island, FL 32952.
    • One‑acre waterfront corner lot in Hacienda Del Sol Estates on the Banana River.
    • Includes an existing house pad and HOA‑approved 236 ft dock variance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Dental Office Pharmacy Kitchen & Bath Accounting Firm Garden Center Cosmetics 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
    -80.663309
    Latitude
    28.264504

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    FAQs

    What type of property is this?
    Land - Acre lot, Banana River views, dock variance.
    Where is this land located?
    The property is located at 5205 Tropical Trl Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $735,000.
    What are key features of this property?
    This property features: $735,000 asking price.; 43,560 square foot lot.; Located at 5205 S Tropical Trail, Merritt Island, FL 32952.
    Request Owner's contact information
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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
    5205 Tropical Trl Merritt Island, FL 32952
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