About This Property
Description from listing agentOpportunities like this rarely come available along the highly desirable S. Tropical Trail corridor. Located on the beautiful Merritt Island peninsula, this property offers the chance to own a truly special piece of waterfront-area real estate surrounded by the Banana River to the east and Indian River to the west. The existing home will require significant renovation or reconstruction, but the value here is in the homesite and its incredible potential. The current residence offers 2,088 heated square feet and 2,686 square feet of total building area, along with an in-ground pool and boat house in the backyard that will also need to be refurbished. For the right buyer, this is an opportunity to reimagine the property and create something bigger, better, and uniquely your own. Whether you're envisioning a custom coastal retreat, a modern estate, or a home designed for generations to come, this homesite provides a rare canvas to bring that vision to life.
Space Coast Context
🚀 Launch Viewing — Good Views
28.6 mi from SLC-40
28.6 miles from SLC-40 — visible on clear days, especially at night.
Estimates only — verify with Google Maps.
Flood Risk
Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.
Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Price History
- 8/31/26Listed$1.4M$670/sqft
Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.
Offer Intelligence
Price history and market context for this listing.
How we match comps
Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:
- ✓Same property type, always (single family, condo, townhouse, etc.)
- ✓Single-story homes compared only to single-story (and multi to multi)
- ✓Exact bedroom count
- ✓Bathrooms within ±0.5
- ✓Garage spaces within ±1
- ✓Pool status must match
- ✓Waterfront status must match
- ✓HOA must match (HOA community vs. no HOA)
- ✓Price within ±5–20% of list price (tightest in early tiers)
- ✓Square footage within ±10–25% (tighter in early tiers)
- ✓Year built always within ±5–20 years (never dropped)
We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.
Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.
Location
Get DirectionsAdditional Details
Schools
Elementary
Ocean Breeze
Middle School
DeLaura
High School
Satellite
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $7,376
- Property taxes
- $1,400
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $1.4M price — down payment shown: $280,000.
This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.
