243719778 Sun Pointe Pl Merritt Island, FL 32952
This exceptional 60,548 square foot commercial and residential land parcel presents a unique investment opportunity in the prestigious gated community of Morningside Beach, Merritt Island, Florida. Located at 243719778 Sun Pointe Place, zip code 32952, this nearly three-acre lot boasts over 400 feet of direct Intracoastal Waterway frontage, offering unparalleled access to boating, fishing, and breathtaking waterfront views. The property's prime location provides easy access to world-renowned beaches, making it an ideal location for a luxury waterfront residence or a mixed-use development. Situated in Brevard County, this vacant lot is ready for development, allowing the buyer to create their dream project. The asking price for this exceptional property is $650,000. The property's location within the exclusive Morningside Beach community ensures a tranquil and secure environment. This rare opportunity to own a substantial waterfront lot in a desirable location is not to be missed. Buyers are encouraged to act quickly to secure this exceptional piece of Florida real estate. The property is zoned for both commercial and residential use, providing flexibility for a variety of development options.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.