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Property profile & analytics
OFF-MARKET
Land

29xx Newfound Harbor Dr Merritt Island, FL 32952

Property ID
Property summary
AI-generated overview

This exceptional 0.761-acre (33,149.16 sq ft) waterfront property in Merritt Island, Florida, offers unparalleled luxury and convenience. Located on Newfound Harbor Drive, this commercial and residentially zoned land presents a unique opportunity for development. Enjoy the peaceful ambiance of direct riverfront access, perfect for building a custom home or a commercial venture. The property's prime location provides easy access to nearby amenities. A short 15-minute boat ride takes you to Canaveral Locks, while a 5-minute trip reaches Marker 24, offering fuel, bait, and a restaurant. Spend weekends at the nearby Bird Island sandbar (5 minutes away by boat) or enjoy a 20-minute boat ride to popular waterfront dining destinations like Sunset Grille and Island Time. The property's asking price is $700,000. The address is 29xx Newfound Harbor Drive, Merritt Island, FL 32952. Consider combining this lot with the adjacent vacant lot to the south for an even larger development opportunity. This property is zoned for both commercial and residential use.

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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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