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Property profile & analytics
OFF-MARKET
Commercial real estate

1305 Panther Ln Merritt Island, FL 32953

Property ID
US18-6755259
Property summary
AI-generated overview

This exceptional 21-acre (449,539 sq ft) property in Merritt Island, Florida, presents a rare opportunity to own a self-sustaining and operational farm. Located near the Kennedy Space Center, this secluded retreat boasts a picturesque setting with a freshwater lake and dock, a horse trail, shaded gazebo, and even a charming treehouse. The property includes a variety of agricultural improvements, including a goat barn with three rotational pastures, a chicken coop with a 40-foot enclosed run, and ten acres of lush pastures divided into six rotational fields and two enclosures. A variety of tropical fruit and nut trees, berry patches, and vegetable gardens thrive year-round. There's also an RV and tractor garage with a studio apartment above, perfect for comfortable breaks. A barn is currently under construction, offering potential for horse stables and additional living space. The property features a pump house for water management and irrigation, and benefits from city water access for the entire property, along with full drainage and irrigation systems. Zoned for Agriculture (100%), this property offers lower taxes. An existing small barn is fully solar-powered with the option for supplemental FPL power. A deep potable well is also present. This unique property offers a blend of agricultural potential, recreational amenities, and a tranquil setting, making it an ideal investment for those seeking a unique lifestyle. Asking price is $1,850,000.

Property profile
Verified
Property type Commercial real estate
UPID US18-6755259
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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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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