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Property profile & analytics
OFF-MARKET
Land

0000 Yount Dr Merritt Island, FL 32952

Property ID
Property summary
AI-generated overview

This exceptional 11.5-acre peninsula property, located at 0000 Yount Drive, Merritt Island, Florida 32952, presents a unique investment opportunity. The land, encompassing 500,940 square feet, boasts stunning waterfront views along the Indian River Waterway, offering direct access to the Intracoastal Waterway and proximity to the Atlantic Ocean. Its prime location provides convenient access to Cocoa Beach Pier, I-95, Melbourne Orlando International Airport (under 20 minutes), and Orlando's attractions (less than an hour). Previously appraised at $4.5 million, this property is currently listed at $4,250,000. The expansive lot allows for various development possibilities, including a single, luxurious estate or subdivision into three premium lots. Imagine waking up to breathtaking sunrises and tranquil sunsets, all while enjoying the spectacle of Cape Canaveral rocket launches. This is a rare chance to own a piece of untouched waterfront paradise in a highly desirable location. The property is zoned for both commercial and residential use, providing flexibility for diverse development plans. This is a truly exceptional opportunity for discerning buyers seeking a prime waterfront investment in Brevard County, Florida.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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