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    29xx Newfound Harbor Dr Merritt Island, FL 32952

    For Sale
    $700,000

    Prime Riverfront Land: Build Your Dream

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.805-acre (35,065.8 sq ft) waterfront property in Merritt Island, Florida, presents a unique opportunity. Located at 29xx Newfound Harbor Drive, zip code 32952, this land offers direct access to Newfound Harbor, providing unparalleled waterfront living. The property is zoned for both commercial and residential use, opening up a range of development possibilities. Imagine building your dream home on this peaceful, luxurious parcel, enjoying the tranquility of the river and the convenience of nearby amenities. Alternatively, consider combining this lot with the adjacent vacant lot to the south for an even larger development project. Boaters will appreciate the property's proximity to key locations: a 15-minute boat ride to Canaveral Locks, a 5-minute trip to Marker 24 (fuel dock, bait shop, and restaurant), and easy access to the Bird Island sandbar (5 minutes away). Enjoy leisurely boat trips to popular dining destinations like Sunset Grille and Island Time, both reachable within a 20-minute boat ride. This is a rare chance to acquire a substantial piece of prime waterfront real estate in a desirable Brevard County location. The asking price is $700,000.

    Property Features for 29xx Newfound Harbor Dr

    General Information

    Property type
    Land

    HighLights

    • 0.805‑acre (35,065.8 sq ft) waterfront lot in Merritt Island, FL.
    • Located at 29xx Newfound Harbor Drive, 32952, with direct Newfound Harbor access.
    • Zoned for commercial and residential use.
    • 15‑minute boat ride to Canaveral Locks; 5‑minute boat ride to Marker 24 (fuel, bait, restaurant); 5‑minute boat ride to Bird Island sandbar.
    • $700,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.66327
    Latitude
    28.330383

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    FAQs

    What type of property is this?
    Land - Prime Riverfront Land: Build Your Dream
    Where is this land located?
    The property is located at 29xx Newfound Harbor Dr Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 0.805-acre (35,065.8 sq ft) waterfront lot in Merritt Island, FL.; Located at 29xx Newfound Harbor Drive, 32952, with direct Newfound Harbor access.; Zoned for commercial and residential use.
    Request Owner's contact information
    29xx Newfound Harbor Dr 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
    29xx Newfound Harbor Dr Merritt Island, FL 32952
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