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Merritt Island, FL Waterfront Land 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
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Waterfront Development Land Parcel
Updated: Jun 11
Waterfront Development Land Parcel

3305 Spartina Ave, Merritt Island, FL 32953

$1,300,000
6.22 AC lot
6.22‑acre North Merritt Island parcel directly on the Indian River
Over 100 feet of waterfront access, suitable for a private dock, boat lift, or watercraft launch
County‑approved subdivision potential to create up to four premium lots
Buildable waterfront property with due diligence information available upon request
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Waterfront Gated Community Homesite
Updated: Mar 18
Waterfront Gated Community Homesite

5367 Royal Paddock Way, Merritt Island, FL 32953

$295,000
1.00 AC lot
Approximately 1‑acre waterfront homesite in a private, gated community (Chase Hammock Lakes)
Improved in 2023 with added fill and a temporary culvert installed for convenient access
Rear eastern exposure overlooking waterfront for sunrise views
Located to offer rocket launch views from the backyard
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Waterfront Land with River Access
Waterfront Land with River Access

2940 Maritime Lane, Merritt Island, FL 32953

$1,650,000

Vacant waterfront lot on the Indian River with electric and sewer connections, offering dock-building options.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Waterfront Land with Canal Access
Waterfront Land with Canal Access

3000 Yount Dr, Merritt Island, FL 32952

$1,299,000

Land parcel offers 200+ feet of direct Banana River frontage and navigable canal access for waterfront development.

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Land
Land

132 Gator Drive, Merritt Island, FL 32953

$102,000

Residential land & home lots

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Waterfront Land Parcel
Waterfront Land Parcel

2437 Yount Drive, Merritt Island, FL 32952

$1,299,000

For sale waterfront land in Brevard County, Florida, at 2437 Yount Drive in Merritt Island.

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Land
Land

0000 Shore Drive, Merritt Island, FL 32952

$3,750,000

Waterfront Land

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Waterfront Residential Development Site
Waterfront Residential Development Site

0000 Sun Pointe Place, Merritt Island, FL 32952

$649,000

Nearly 3 acres of untouched land with direct Intracoastal frontage in a gated waterfront community.

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Waterfront Development Land
Waterfront Development Land

35 Winar Dr, Merritt Island, FL 32953

Contact for pricing

Mixed-use development acreage includes electric, water, cable, phone, and natural gas service.

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Merritt Island Riverfront Lot
Merritt Island Riverfront Lot

3450 S Courtenay Parkway, Merritt Island, FL 32952

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5.00 AC lot

Spacious 5+ acre riverfront lot on South Merritt Island.

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Land
Land

1740 Wavecrest Street, Merritt Island, FL 32952

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Waterfront Land

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Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 11 Active listings in Merritt Island, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Entitled Multifamily Development Land
Entitled Multifamily Development Land

8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920

$8,250,000
7.50 AC lot

Fully entitled multifamily site with horizontal infrastructure in place for immediate vertical development across seven approved pads.

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Fully Entitled Waterfront Multifamily Land
Fully Entitled Waterfront Multifamily Land

8955 Puerto Del Rio Dr, Cape Canaveral, FL 32920

$8,250,000
7.50 AC lot

Seven approved pads with infrastructure in place for up to 112 multifamily units in Cape Canaveral.

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Land
Land

620 Dixon Boulevard, Cocoa, FL 32922

$1,500,000

Waterfront Land

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Riverfront Lot on Space Coast
Riverfront Lot on Space Coast

1525 N Indian River Drive, Cocoa, FL 32922

Contact for pricing
0.86 AC lot

0.86-acre riverfront lot with views on Space Coast.

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Merritt Island, FL Waterfront Land Market Trends and Statistics

Explore 11 waterfront land for sale in Merritt Island, FL, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 532,303 square feet of properties for sale, with an estimated market value of $10,344,000.

Sale prices for water rights properties in Merritt Island, FL start at $102,000, averaging $1,293,000, and reaching up to $3,750,000 — 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

Residential land & home lots 36
Waterfront Land 31
Commercial land 15
Industrial land 5
Agricultural land / Farmland 3

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 $836.8K
32952 $1.2M

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

Office

Residential Income

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