$1,780,000
Merritt Island, FL 32953
MLS# 1040888
Status: Closed
6 beds | 3 baths | 4791 sqft
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Property Description
Once-in-a-Lifetime WATERFRONT Opportunity: 7.66 Acres with 291 Feet of Riverfront- with 2 existing homes. ALL OFFERS ENCOURAGED! Rarely does a property of this caliber come to market. This stunning 7.66-acre estate offers an extraordinary opportunity for those seeking unrivaled waterfront living, investment potential, or development possibilities. Boasting approximately 5.51 acres of direct riverfront with 291 feet of pristine water frontage, this is a true gem with limitless potential. This property has the potential to be divided into three separate parcels—two prime waterfront properties, which include existing homes, and one additional vacant lot directly across the street, zoned for either single-family or multi-family with the ability to build up to 8 units. Whether you're looking to develop or create your own private oasis, the possibilities are endless. There is space to expand, add a pool, create dedicated RV/boat storage, build sheds, and more.
Details
Maps
Currently Not Used
Homestead YN: Yes
Location, Tax, and Legal
Tax Account: 2416959
Parcel Number: 24-36-22-00-00007.0-0000.00
General County Location: Central
Elementary School: Mila
Middle School: Jefferson
High School: Merritt Island
Tax Annual Amount: 5103.85
Tax Year: 2024
Tax Legal Description: PART OF LOT 2 & PT OF SW 1/4 OF NE 1/4 AS DESC IN DB X PG 457, ORB 2005 PG 904 EXC ORB 410 PG 416, 3151 PG 4903 PAR 8,
Directions: Go North on Tropical Trail from 520. Property will be on left hand side.
General Property Information
Bathrooms Half: 0
Living Area: 2648
Living Area Source: Public Records
Building Area Total: 4791
Lot Size Acres: 7.66
Lot Size Square Feet: 333670
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 291
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: No
Furnished: Unfurnished
Stories: 2
Entry Level: 1
Direction Faces: South
Pool Private YN: No
List Price/SqFt: 755.29
Sold Price/SqFt: 672.21
Bedrooms Total: 6
Bathrooms Total: 3
Bathrooms Full: 3
Year Built: 1901
Remarks and Miscellaneous
Public Remarks: Once-in-a-Lifetime WATERFRONT Opportunity: 7.66 Acres with 291 Feet of Riverfront- with 2 existing homes.
ALL OFFERS ENCOURAGED!
Rarely does a property of this caliber come to market. This stunning 7.66-acre estate offers an extraordinary opportunity for those seeking unrivaled waterfront living, investment potential, or development possibilities. Boasting approximately 5.51 acres of direct riverfront with 291 feet of pristine water frontage, this is a true gem with limitless potential.
This property has the potential to be divided into three separate parcels—two prime waterfront properties, which include existing homes, and one additional vacant lot directly across the street, zoned for either single-family or multi-family with the ability to build up to 8 units. Whether you're looking to develop or create your own private oasis, the possibilities are endless.
There is space to expand, add a pool, create dedicated RV/boat storage, build sheds, and more.
Appliances
Electric Range: 1
Gas Range: 1
Refrigerator: 1
Construction Materials
Frame: 1
Wood Siding: 1
Cooling
None: 1
Current Use
Residential: 1
DPR Eligible
DPR Eligible: No
Exterior Features
Balcony: 1
Heating
None: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Legal Details
Permission Granted to Advertise: Yes
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Owner May Carry: 1
VA Loan: 1
Lot Features
Many Trees: 1
Split Possible: 1
Other Structures
Guest House: 1
Parking Features
Garage: 1
Patio And Porch Features
Covered: 1
Porch: 1
Wrap Around: 1
Possession
Close Of Escrow: 1
Roof
Metal: 1
Shingle: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Water Connected: 1
Propane: 1
View
Intracoastal: 1
River: 1
Trees/Woods: 1
Water: 1
Water Source
Public: 1
Well: 1
Waterfront Features
Intracoastal: 1
Lagoon: 1
Navigable Water: 1
River Access: 1
River Front: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
No Sign: 1
Showing Service: 1
Showing Considerations
Occupied: 1
Property Condition
Fixer: 1
Contract Information
Current Price: $1,780,000
Original List Price: 2500000
Sold Price: $1,780,000
Status: Closed
Listing Contract Date: 2025-03-22
Property Sub Type: Single Family Residence
Location Tax and Legal
Street Number: 1605
Street Direction Prefix: N
Street Name: Tropical
Street Suffix: Trail
County: Brevard
State: FL
Postal Code: 32953
MLS Area Major: 251 - Central Merritt Island
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2025-06-19T01:09:37Z
Major Change Type: Status Change
Price Change Timestamp: 2025-04-28T00:29:23Z
Status Change Timestamp: 2025-06-18
Purchase Contract Date: 2025-05-04
Close Date: 2025-06-18
Close Price: 1780000
Property Features
Appliances: Electric Range; Gas Range; Refrigerator
Construction Materials: Frame; Wood Siding
Cooling: None
Current Use: Residential
Exterior Features: Balcony
Heating: None
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Two
Listing Terms: Cash; Conventional; FHA; Owner May Carry; VA Loan
Lot Features: Many Trees; Split Possible
Other Structures: Guest House
Parking Features: Garage
Patio And Porch Features: Covered; Porch; Wrap Around
Possession: Close Of Escrow
Property Condition: Fixer
Roof: Metal; Shingle
Sewer: Septic Tank
Showing Requirements: Appointment Only; Call Listing Agent; No Sign; Showing Service
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected; Water Connected; Propane
View: Intracoastal; River; Trees/Woods; Water
Water Source: Public; Well
Waterfront Features: Intracoastal; Lagoon; Navigable Water; River Access; River Front
Showing Considerations: Occupied
Supplements
The waterfront views are nothing short of spectacular, with plenty of room to build a dock and enjoy boating, fishing, or simply relaxing by the river. The property includes a thriving palm tree nursery which allows for possible property tax exemptions.
The smaller of the two houses is move-in ready with some repairs needed. The main house, while in need of refurbishment, provides a blank canvas for a buyer to infuse their personal touch and elevate the property to its full potential. With the zoning allowing for one single-family home and an additional house on each of the waterfront properties, the buyer can easily envision a multi-generational compound or income-generating properties.
Located just minutes from the beaches of Cocoa Beach and Cape Canaveral, this prime estate is ideally positioned for both leisure and convenience. Explore the Space Center, Disney World, and enjoy easy access to Orlando and Melbourne International airports and more.
This is truly a once-in-a-lifetime opportunity to acquire a remarkable property that offers unparalleled space, waterfront access, and endless possibilities. Don't miss out! Schedule a private tour today and let your imagination run wild with the potential of this incredible estate.
Listing Office: Compass Florida LLC
Last Updated: June - 19 - 2025
Information is deemed to be reliable, but is not guaranteed.