5205 Tropical Trl Merritt Island, FL 32952
This exceptional one-acre commercial and residential lot, located at 5205 S Tropical Trail in the desirable Hacienda Del Sol Estates of Merritt Island, Florida (zip code 32952), presents a unique investment opportunity. Boasting 43,560 square feet of land, this corner lot offers breathtaking waterfront views of the Banana River. A significant advantage is the already approved 236-foot dock variance from the HOA, simplifying the process of building your dream dock. The property features a pre-existing house pad, saving time and resources on initial construction. Imagine waking up to stunning sunrises and enjoying tranquil moonlit nights over the river. The location in Brevard County, Florida, provides easy access to local amenities and attractions. This versatile property is suitable for a variety of commercial and residential uses, making it an ideal choice for developers or individuals seeking a prime waterfront location to build their dream home or commercial venture. The asking price is $735,000. Don't miss this rare opportunity to own a piece of paradise on the Banana River.
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.