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    Merritt Island, FL
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    Merritt Island, FL Multifamily Properties for Sale

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    Cocoa Beach, FL Rockledge, FL Malabar, FL Melbourne, FL Cape Canaveral, FL Cocoa, FL Satellite Beach, FL Crestview, FL
    Waterfront Residential Income Condo
    Updated: Aug 20
    Waterfront Residential Income Condo

    202 Ivory Coral Ln #302, Merritt Island, FL 32953

    $494,900
    1,266 sqft
    1,266 SF waterfront condominium built in 2020
    Fully furnished residence along the Canaveral Barge Canal
    Marina access with boat access to the port and ocean
    Onsite property management handles marketing and maintenance
    Under‑building parking, heated swimming pool, and fitness center
    View details
    Waterfront Development Land
    Updated: Apr 12
    Waterfront Development Land

    35 Winar Dr, Merritt Island, FL 32953

    Contact for pricing
    20.3‑acre waterfront development site in Central Merritt Island, FL
    Western parcel currently contains a mobile home and RV park
    RU‑2‑10 zoning with an 8 units per acre cap
    Month‑to‑month leases with approximately half of tenants remaining
    45‑foot height limit west of the canal and 35‑foot limit east of the canal
    View details
    See what stands out in Brevard County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 25 Potential Opportunities for your consideration. Besides 2 Active listings in Merritt Island, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 Off-Market properties to explore as potential leads, plus 3 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Multifamily Compound
    Waterfront Multifamily Compound

    241 Indian River Drive, Cocoa, FL 32922

    $2,300,000
    6,073 sqft 0.72 AC lot

    Multiple residences support income-producing and multigenerational use with direct river access and private boating amenities.

    View details
    Renovated Quadplex with Outdoor Space
    Renovated Quadplex with Outdoor Space

    1-4-214 Madison Avenue, Cape Canaveral, FL 32920

    $995,000
    3,582 sqft

    Two units feature renovated interiors; the other two are occupied and can be updated over time.

    View details
    Renovated 4-Unit Quadplex
    Renovated 4-Unit Quadplex

    214 Madison Ave Unit 1-4, Cape Canaveral, FL 32920

    $995,000
    3,582 sqft

    Two units feature updated interiors, while two occupied units remain available for future renovation.

    View details
    Duplex with Private Garages
    Duplex with Private Garages

    1515 Furnari St, Cocoa, FL 32922

    $724,999
    1,425 sqft

    Each residence combines three bedrooms, two bathrooms, a one-car garage, and included kitchen appliances.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Vacant Building Site For Sale
    Vacant Building Site For Sale

    4130 Hog Valley Road, Mims, FL 32754

    $50,000
    38,333 sqft 0.88 AC lot

    Buildable 0.88 acre lot zoned for mobile homes.

    View details
    Waterfront Development Property in Orlando
    Waterfront Development Property in Orlando

    19543 E Colonial Dr, Orlando, FL 32820

    Contact for pricing

    Largest waterfront development property in Central Florida with extensive frontage.

    View details
    Residential Land Near the Beach
    Residential Land Near the Beach

    18643 15th Avenue, Orlando, FL 32833

    Contact for pricing
    5,072 sqft 0.12 AC lot

    Vacant land suitable for building or placing a mobile home.

    View details

    Off-Market Properties in Merritt Island, FL

    Consider similar Off-Market properties in Merritt Island, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3100 Tropical Trl Lot, Unit 2
    MOBILE HOME PARK, TRAILER PARK

    3100 Tropical Trl Lot, Merritt Island, FL 32952-6006

    Unit 2
    $310,000
    Estimated value
    276 sqft 2.40 AC lot
    View details
    1620 Hl Ave
    APARTMENT HOUSE (5+ UNITS)

    1620 Hl Ave, Merritt Island, FL 32953-4322

    $195,000
    Estimated value
    6,708 sqft 0.30 AC lot
    View details
    300 Kelly St, Unit 152
    MOBILE HOME PARK, TRAILER PARK

    300 Kelly St, Merritt Island, FL 32953-6734

    Unit 152
    $2,995,000
    Estimated value
    612 sqft 27.24 AC lot
    View details
    1165 Jordan Rd
    APARTMENT HOUSE (5+ UNITS)

    1165 Jordan Rd, Merritt Island, FL 32953-4416

    $9,980,000
    Estimated value
    7,276 sqft 8.47 AC lot
    View details
    229 Ligustrum Ln
    APARTMENT HOUSE (5+ UNITS)

    229 Ligustrum Ln, Merritt Island, FL 32953-5501

    $1,275,000
    Estimated value
    11,520 sqft 6.08 AC lot
    View details
    485 Tropical Trl
    APARTMENT HOUSE (5+ UNITS)

    485 Tropical Trl, Merritt Island, FL 32952-4969

    $1,400,000
    Estimated value
    9,178 sqft 2.24 AC lot
    View details
    3524 Ashley Ct, Unit 34
    MOBILE HOME PARK, TRAILER PARK

    3524 Ashley Ct, Merritt Island, FL 32953-8018

    Unit 34
    $440,000
    Estimated value
    300 sqft 7.50 AC lot
    View details
    600 Kurek Ct, Unit 118
    APARTMENT HOUSE (5+ UNITS)

    600 Kurek Ct, Merritt Island, FL 32953-4804

    Unit 118
    $5,455,000
    Estimated value
    46,369 sqft 3.86 AC lot
    View details
    442 Magnolia Ave
    APARTMENT HOUSE (5+ UNITS)

    442 Magnolia Ave, Merritt Island, FL 32952-4869

    $1,620,000
    Estimated value
    18,333 sqft 0.53 AC lot
    View details
    1155 Courtenay Pkwy
    APARTMENT HOUSE (5+ UNITS)

    1155 Courtenay Pkwy, Merritt Island, FL 32953-4512

    $2,735,000
    Estimated value
    34,494 sqft 20.80 AC lot
    View details
    88 Skylark Ave, Unit 1000
    APARTMENT HOUSE (5+ UNITS)

    88 Skylark Ave, Merritt Island, FL 32953-3206

    Unit 1000
    $11,695,000
    Estimated value
    83,600 sqft 11.91 AC lot
    View details
    1065 Loring Dr
    APARTMENT HOUSE (5+ UNITS)

    1065 Loring Dr, Merritt Island, FL 32953-2506

    $1,080,000
    Estimated value
    9,008 sqft 8.65 AC lot
    View details
    439 Magnolia Ave
    APARTMENT HOUSE (5+ UNITS)

    439 Magnolia Ave, Merritt Island, FL 32952-4821

    $1,985,000
    Estimated value
    21,666 sqft 1.38 AC lot
    View details
    132 Gator Dr
    Multifamily properties

    132 Gator Dr, Merritt Island, FL 32953

    Value Estimation by Request
    View details
    132 Gator Dr
    Multifamily properties

    132 Gator Dr, Merritt Island, FL 32953

    Value Estimation by Request
    View details
    84 Banana Riv Dr # Dr
    Multifamily properties

    84 Banana Riv Dr # Dr, Merritt Island, FL 32952

    Value Estimation by Request
    View details

    Merritt Island, FL Multifamily Properties Market Trends and Statistics

    Explore 18 multifamily properties for sale in Merritt Island, FL on our real estate platform. These investment opportunities span a total of 1,266 square feet of properties for sale, with an estimated market value of $494,900.

    Sale prices for multifamily properties in Merritt Island, FL average $494,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Mobile home & RV parks 1
    Short term rental properties 1
    Triplexes 1

    Demographics Overview

    Population 46K
    Population Growth (5Y) +2.9%
    Median Household Income $90,907
    College Educated 37.7%

    High-Yield Neighborhoods for Investment

    Identify Merritt Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32953 $442K

    Taxes & Financing

    Tax Rate (average for all types) 1.03%
    Property Tax per SF $25.97 per SF
    Tax Rate vs County Average 0.32 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Brevard County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Brevard County

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    Residential Income

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    Featured Merritt Island Real Estate Agencies

    Realmo connects you with licensed Merritt Island CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Perrone Realty
    2460 N Courtenay Pkwy #102 Merritt Island, FL 32953
    Phone: 14077330725
    www.goperrone.com
    Michelle Daignault-Ives
    215 N. Courtenay Pkwy. Merritt Island, FL 32953
    Phone: 13214532151
    www.homeinthesun.com

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