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    Merritt Island, FL
    Waterfront

    Merritt Island, FL Waterfront Land for Sale

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    Rockledge, FL Malabar, FL Melbourne, FL Cocoa Beach, FL Cape Canaveral, FL Cocoa, FL Satellite Beach, FL Indian Harbour Beach, FL
    Space Coast Waterfront Homesite
    Updated: Apr 14
    Space Coast Waterfront Homesite

    1770 S Shelter Trl, Merritt Island, FL 32952

    $825,000
    Unobstructed views of rocket launches from Cape Canaveral.
    Waterfront property on the Banana River.
    Views of cruise ships departing from Port Canaveral.
    Opportunity to observe local marine life (dolphins, manatees).
    Ideal location for building a custom home.
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    Banana Riverfront Vacant Land
    Updated: May 8, 2025
    Banana Riverfront Vacant Land

    3190 South Courtenay Parkway, Merritt Island, FL 32952

    $279,900
    6.31 AC lot
    6.31‑acre vacant lot on South Merritt Island
    Nearly 400 feet of Banana River frontage
    Riverfront property with tranquil waters
    Picturesque location offering breathtaking beauty
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

    Riverfront Residential Development Land
    Riverfront Residential Development Land

    5811/5821 Constellation Drive, Titusville, FL 32780

    $1,400,000
    0.41 AC lot

    Direct waterfront residential development land with space for building on intercoastal Indian River access.

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    Corner Waterfront Homesite Land
    Corner Waterfront Homesite Land

    5862 Constellation Drive, Titusville, FL 32780

    $400,000
    0.26 AC lot

    Corner parcel with water views in Shores at Tranquility, offering flexibility for driveway and home design.

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    Lakefront Land with Two Parcels
    Lakefront Land with Two Parcels

    4585 Osprey Avenue, Cocoa, FL 32926

    $99,500
    2.71 AC lot

    Lakefront property sold as two parcels with a combined 2.71 acres and established tree cover.

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    Waterfront Land on US Highway 1
    Waterfront Land on US Highway 1

    US Highway 1 & Cottrell Avenue - SEQ, Cocoa, FL 32927

    $7,200,000

    Land with frontage on US 1 and Indian River.

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    Merritt Island, FL Waterfront Land Market Trends and Statistics

    Explore 2 waterfront land for sale in Merritt Island, FL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,104,900.

    Sale prices for water rights properties in Merritt Island, FL start at $279,900, averaging $552,450, and reaching up to $825,000 — 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

    Commercial land 9
    Residential land & home lots 8
    Waterfront Land 5
    Industrial land 3
    Agricultural land / Farmland 2

    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
    32952 $868.2K
    32953 $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

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