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    475 Pine Island Rd Merritt Island, FL 32953

    For Sale
    $205,000

    Nearly 5 acres, build your dream!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 213,008 square foot property in Merritt Island, Florida, presents a unique opportunity. Located at 475 Pine Island Road, zip code 32953, this nearly five-acre parcel offers a blend of commercial and residential potential. Approximately 1.36 acres are high and dry, providing a solid foundation for development. The land boasts mature trees and lush vegetation, ensuring a private and tranquil setting. Imagine building your custom home, a barn, or expansive gardens amidst this peaceful environment. The property's convenient location offers easy access to a variety of amenities and attractions. Nearby, you'll find the Pine Island Nature Conservation area, featuring a kayak launch, observation deck, and over seven miles of hiking trails. Historic sites like Sam's House are also within reach. Furthermore, the property's proximity to Kennedy Space Center, SpaceX, Blue Origin, Port Canaveral, Orlando, and the beaches adds to its appeal. A survey and environmental study are readily available for review, providing comprehensive information for potential buyers. This is an exceptional opportunity to create your ideal space in a desirable location. The asking price is $205,000.

    Property Features for 475 Pine Island Rd

    General Information

    Property type
    Land

    HighLights

    • $205,000 asking price.
    • 475 Pine Island Road, Merritt Island, FL 32953.
    • 213,008 square foot lot.
    • Nearly 5 acres of vacant land, suitable for residential or commercial development.
    • 1.36 acres high and dry; mature trees and lush vegetation.
    • Close proximity to nature trails, historical sites, and major employers (KSC, SpaceX, Blue Origin, Port Canaveral).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Spa & Massage HVAC Service Garden Center Computer & Electronic Repair Tech Support Center Plumbing Service Pet Store Pet Supply 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
    -80.702573
    Latitude
    28.483039

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    FAQs

    What type of property is this?
    Land - Nearly 5 acres, build your dream!
    Where is this land located?
    The property is located at 475 Pine Island Rd Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $205,000.
    What are key features of this property?
    This property features: $205,000 asking price.; 475 Pine Island Road, Merritt Island, FL 32953.; 213,008 square foot lot.
    Request Owner's contact information
    475 Pine Island Rd 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
    475 Pine Island Rd Merritt Island, FL 32953
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