29xx Newfound Harbor Dr Merritt Island, FL 32952
This exceptional 0.805-acre (35,065.8 sq ft) waterfront property in Merritt Island, Florida, presents a unique opportunity. Located at 29xx Newfound Harbor Drive, zip code 32952, this land offers direct access to Newfound Harbor, providing unparalleled waterfront living. The property is zoned for both commercial and residential use, opening up a range of development possibilities. Imagine building your dream home on this peaceful, luxurious parcel, enjoying the tranquility of the river and the convenience of nearby amenities. Alternatively, consider combining this lot with the adjacent vacant lot to the south for an even larger development project. Boaters will appreciate the property's proximity to key locations: a 15-minute boat ride to Canaveral Locks, a 5-minute trip to Marker 24 (fuel dock, bait shop, and restaurant), and easy access to the Bird Island sandbar (5 minutes away). Enjoy leisurely boat trips to popular dining destinations like Sunset Grille and Island Time, both reachable within a 20-minute boat ride. This is a rare chance to acquire a substantial piece of prime waterfront real estate in a desirable Brevard County location. The asking price is $700,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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