1405 Tropical Trl Merritt Island, FL 32953
This exceptional 3.1-acre property in Merritt Island, Florida, presents a unique development opportunity. Comprising three contiguous parcels totaling 131,115.6 square feet, this land boasts approximately 87 feet of pristine Indian River frontage. The easternmost parcel, accessible from N Tropical Trail, is zoned RU1-9 for residential single-family use, providing a perfect site for a primary residence. A smaller connecting parcel links this to the expansive riverfront parcel, zoned for Estate Use, offering unparalleled views and direct water access. Imagine breathtaking sunsets and the tranquility of the Indian River as your backdrop. Conveniently located south of State Road 528 and the Barge Canal, this prime location offers easy access to Orlando and the Kennedy Space Center, with the added bonus of spectacular rocket launch viewing opportunities. The asking price for this remarkable property is $1,775,000. This is a rare chance to build your dream estate in a highly desirable location. The property's address is 1405 N Tropical Trail, Merritt Island, FL 32953. Don't miss this exceptional investment opportunity.
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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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.