0000 Yount Dr Merritt Island, FL 32952
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.
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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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.