0 Tropical Trl Merritt Island, FL 32952
This exceptional 2.24-acre waterfront property in Merritt Island, Florida, presents a unique opportunity. Located at 10060* S Tropical Trail, this 97,574 square foot lot boasts breathtaking views of the Banana River and Indian River. The property offers a gentle slope to the river, allowing for potential dock installation on both waterways. A significant advantage is the existing guest-garage-apartment, providing convenient accommodation during construction or for guests. The cleared house location simplifies building plans, and the lush vegetation provides a tranquil, natural setting. Situated in Brevard County, Florida, with a zip code of 32952 (latitude 28.1775527, longitude -80.6239885), this property is ideally positioned for those seeking a waterfront estate with the added benefit of proximity to space launches. The asking price for this remarkable land parcel is $2,695,000. This combined commercial and residential zoned property offers a rare blend of natural beauty and convenient amenities. The existing structure provides immediate usability while offering the potential to build a dream home in a prime waterfront location. Don't miss this chance to own a piece of paradise.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.