Real Estate Investment Properties for Sale in Merritt Island, FL

Looking for investment property in Merritt Island, FL with high ROI ?

Explore a variety of short-term homes & houses in Merritt Island, FL. Invest wisely with VRBO & Merritt Island, FL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Merritt Island, FL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6215 S Tropical Trail Merritt Island, FL Your private Merritt Island paradise awaits! This gated waterfront estate sits on over 2 a...	4 beds \| 4 baths \| 4,072 sq.ft.	$2,250,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 0.66% Airbnb Rental Income: $3817 Traditional Rental Income: $4888 Airbnb ROI: -0.25% Traditional ROI: 0.66%
490 Sail Lane #302 Merritt Island, FL This unique waterfront condo offers breathtaking water views from the front and back, comp...	3 beds \| 2 baths \| 2,065 sq.ft.	$420,000	Airbnb cash on cash: 2.76% Traditional cash on cash: 2.22% Airbnb Rental Income: $3901 Traditional Rental Income: $2851 Airbnb ROI: 2.76% Traditional ROI: 2.22%
1260 Old Parsonage Drive Merritt Island, FL Welcome to your dream home in charming New Georgina Settlement! This exquisite 3-bedroom 3...	3 beds \| 3 baths \| 2,341 sq.ft.	$594,000	Airbnb cash on cash: 3.63% Traditional cash on cash: 3.62% Airbnb Rental Income: $3901 Traditional Rental Income: $3057 Airbnb ROI: 3.63% Traditional ROI: 3.62%
1150 Old Parsonage Drive Merritt Island, FL MOTIVATED SELLER!! Welcome to your dream home in the highly coveted Georgiana Settlement o...	4 beds \| 3 baths \| 2,915 sq.ft.	$839,900	Airbnb cash on cash: 2.03% Traditional cash on cash: 2.41% Airbnb Rental Income: $3817 Traditional Rental Income: $3291 Airbnb ROI: 2.03% Traditional ROI: 2.41%
735 Pilot Lane #401 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 3 baths \| 1,632 sq.ft.	$735,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 0.58% Airbnb Rental Income: $3901 Traditional Rental Income: $2768 Airbnb ROI: 1.01% Traditional ROI: 0.58%
1245 Altman Drive Merritt Island, FL Welcome to this beautifully remodeled 4-bedroom, 2-bathroom home with LVT in living areas,...	4 beds \| 2 baths \| N/A	$325,000	Airbnb cash on cash: 7.91% Traditional cash on cash: 7.88% Airbnb Rental Income: $3817 Traditional Rental Income: $2983 Airbnb ROI: 7.91% Traditional ROI: 7.88%
390 Sabal Avenue Merritt Island, FL Charming Corner-Lot 4 bedroom home in Waterfront Community. Experience waterfront communit...	4 beds \| 2 baths \| 1,671 sq.ft.	$392,000	Airbnb cash on cash: 5.86% Traditional cash on cash: 4.52% Airbnb Rental Income: $3817 Traditional Rental Income: $2499 Airbnb ROI: 5.86% Traditional ROI: 4.52%
2719 Cutlass Point Lane #102 Merritt Island, FL FANTASTIC Picturesque short term rental opportunity in the beautiful Resort Style Waterfro...	3 beds \| 2 baths \| 1,483 sq.ft.	$499,000	Airbnb cash on cash: 3.32% Traditional cash on cash: 1.74% Airbnb Rental Income: $3901 Traditional Rental Income: $2328 Airbnb ROI: 3.32% Traditional ROI: 1.74%
343 N Tropical Trail #108 Merritt Island, FL Over 2300 SQ ft ground floor, end unit, upgraded and move in ready. This condo feels like ...	3 beds \| 2 baths \| 2,302 sq.ft.	$499,999	Airbnb cash on cash: 2.02% Traditional cash on cash: 2.03% Airbnb Rental Income: $3901 Traditional Rental Income: $3067 Airbnb ROI: 2.02% Traditional ROI: 2.03%
875 Waikiki Drive Merritt Island, FL Welcome to this uniquely styled gem in the heart of Catalina Isles! Brand New Roof to be d...	3 beds \| 2 baths \| 1,618 sq.ft.	$360,000	Airbnb cash on cash: 7.54% Traditional cash on cash: 5.15% Airbnb Rental Income: $3901 Traditional Rental Income: $2255 Airbnb ROI: 7.54% Traditional ROI: 5.15%
735 Pilot Lane #314 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 3 baths \| 1,715 sq.ft.	$745,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 0.68% Airbnb Rental Income: $3901 Traditional Rental Income: $2854 Airbnb ROI: 0.98% Traditional ROI: 0.68%
145 Crispin Street Merritt Island, FL South Merritt Island's Gem!! Step into luxury with this exquisite single-family home that...	4 beds \| 3 baths \| 2,939 sq.ft.	$1,140,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 1.71% Airbnb Rental Income: $3817 Traditional Rental Income: $3318 Airbnb ROI: 1.4% Traditional ROI: 1.71%
318 3rd Street Merritt Island, FL NEW ROOF COMING SOON!! Welcome to this charming Mid-Century Modern home nestled in the hea...	3 beds \| 1 baths \| 1,008 sq.ft.	$295,000	Airbnb cash on cash: 8.78% Traditional cash on cash: 5.2% Airbnb Rental Income: $3901 Traditional Rental Income: $2067 Airbnb ROI: 8.78% Traditional ROI: 5.2%
103 Parrotfish Lane #105 Merritt Island, FL Welcome to your island paradise! This stunning 3 bedroom, 2 1/2 bathroom townhouse is loca...	3 beds \| 2 baths \| 1,487 sq.ft.	$475,000	Airbnb cash on cash: 3.55% Traditional cash on cash: 1.44% Airbnb Rental Income: $3901 Traditional Rental Income: $2124 Airbnb ROI: 3.55% Traditional ROI: 1.44%
10910 S Tropical Trail Merritt Island, FL Iconic South Tropical Trail! Seize the opportunity to experience the finest in waterfront ...	3 beds \| 3 baths \| 2,634 sq.ft.	$1,679,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 1.07% Airbnb Rental Income: $3901 Traditional Rental Income: $3695 Airbnb ROI: 0.67% Traditional ROI: 1.07%
4781 Honeyridge Lane Merritt Island, FL *Price Reduction Now BELOW Appraised Value* Luxurious Banana River mansion featuring s...	5 beds \| 4 baths \| 5,135 sq.ft.	$2,199,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 1.68% Airbnb Rental Income: $5753 Traditional Rental Income: $7475 Airbnb ROI: 0.28% Traditional ROI: 1.68%
202 Ivory Coral Lane #403 Merritt Island, FL Welcome to Cape Crossing Resort and Marina, perfectly located in North Merritt Island alon...	3 beds \| 2 baths \| 1,266 sq.ft.	$575,000	Airbnb cash on cash: 2.3% Traditional cash on cash: 0.93% Airbnb Rental Income: $3901 Traditional Rental Income: $2325 Airbnb ROI: 2.3% Traditional ROI: 0.93%
202 Ivory Coral Lane #501 Merritt Island, FL Two units! You can rent out one and live in the other. The pictures speak for themselves o...	4 beds \| 3 baths \| 1,896 sq.ft.	$999,900	Airbnb cash on cash: 0.3% Traditional cash on cash: 0.24% Airbnb Rental Income: $3817 Traditional Rental Income: $2936 Airbnb ROI: 0.3% Traditional ROI: 0.24%
1070 Shady Lane Merritt Island, FL Welcome to Shady Lane, where majestic oak trees and cascading Spanish moss set the scene f...	4 beds \| 2 baths \| 2,094 sq.ft.	$495,000	Airbnb cash on cash: 4.5% Traditional cash on cash: 3.62% Airbnb Rental Income: $3817 Traditional Rental Income: $2585 Airbnb ROI: 4.5% Traditional ROI: 3.62%
202 Ivory Coral Lane #201 Merritt Island, FL Two units! You can rent out one and live in the other. The pictures speak for themselves o...	4 beds \| 3 baths \| 1,896 sq.ft.	$959,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 0.9% Airbnb Rental Income: $3817 Traditional Rental Income: $2981 Airbnb ROI: 0.91% Traditional ROI: 0.9%
3745 Starlight Avenue Merritt Island, FL Welcome home! 3 bed, 2 bath solar heated POOL home w/LAKE VIEWS, nestled in the highly des...	3 beds \| 2 baths \| 1,785 sq.ft.	$514,900	Airbnb cash on cash: 4.06% Traditional cash on cash: 2.5% Airbnb Rental Income: $3901 Traditional Rental Income: $2311 Airbnb ROI: 4.06% Traditional ROI: 2.5%
2175 Emerald Court Merritt Island, FL Tropical Paradise in Merritt Island! Brand new roof! Step outside to your private tropical...	3 beds \| 2 baths \| 1,434 sq.ft.	$389,500	Airbnb cash on cash: 6.97% Traditional cash on cash: 4.51% Airbnb Rental Income: $3901 Traditional Rental Income: $2163 Airbnb ROI: 6.97% Traditional ROI: 4.51%
202 Ivory Coral Lane #507 Merritt Island, FL Welcome to Cape Crossing Resort and Marina, ideally situated in North Merritt Island along...	3 beds \| 2 baths \| 1,189 sq.ft.	$575,000	Airbnb cash on cash: 1.56% Traditional cash on cash: -0.12% Airbnb Rental Income: $3901 Traditional Rental Income: $2164 Airbnb ROI: 1.56% Traditional ROI: -0.12%
1385 Centaurus Court Merritt Island, FL Welcome to canal living at its finest! LOCATED IN SOUGHT AFTER DIANA SHORES. This charming...	4 beds \| 2 baths \| 2,154 sq.ft.	$724,900	Airbnb cash on cash: 2.23% Traditional cash on cash: 2.21% Airbnb Rental Income: $3817 Traditional Rental Income: $2982 Airbnb ROI: 2.23% Traditional ROI: 2.21%
225 S Tropical Trail #111 Merritt Island, FL Have you been looking for a 2 bedroom/2 bath condo in Merritt Island? This could be the o...	2 beds \| 2 baths \| 1,155 sq.ft.	$205,000	Airbnb cash on cash: 4.29% Traditional cash on cash: 4.79% Airbnb Rental Income: $2528 Traditional Rental Income: $2016 Airbnb ROI: 4.29% Traditional ROI: 4.79%
475 S Banana River Drive Merritt Island, FL Cottage-style, 3-bedroom home in an ideal location in the New Found Harbor area! No HOA ma...	3 beds \| 1 baths \| 792 sq.ft.	$350,000	Airbnb cash on cash: 7.81% Traditional cash on cash: 4.55% Airbnb Rental Income: $3901 Traditional Rental Income: $1991 Airbnb ROI: 7.81% Traditional ROI: 4.55%
225 S Tropical Trail #110 Merritt Island, FL Full 2022 renovation on this 2-bedroom, split bathroom home. New A/C system 9/23. Beautifu...	2 beds \| 1 baths \| 1,081 sq.ft.	$211,000	Airbnb cash on cash: 3.96% Traditional cash on cash: 1.84% Airbnb Rental Income: $2528 Traditional Rental Income: $1493 Airbnb ROI: 3.96% Traditional ROI: 1.84%
216 Becky Court Merritt Island, FL Your Turn-Key Florida Dream Home is Here! This Desirable 4-bedroom, 2-bathroom Pool home ...	4 beds \| 2 baths \| 2,236 sq.ft.	$569,900	Airbnb cash on cash: 3.51% Traditional cash on cash: 2.73% Airbnb Rental Income: $3817 Traditional Rental Income: $2575 Airbnb ROI: 3.51% Traditional ROI: 2.73%
735 Pilot Lane #510 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	2 beds \| 2 baths \| 1,344 sq.ft.	$560,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 0.37% Airbnb Rental Income: $2528 Traditional Rental Income: $2403 Airbnb ROI: -0.56% Traditional ROI: 0.37%
735 Pilot Lane #1004 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	2 beds \| 2 baths \| 1,334 sq.ft.	$845,000	Airbnb cash on cash: -0.7% Traditional cash on cash: -0.09% Airbnb Rental Income: $2528 Traditional Rental Income: $2403 Airbnb ROI: -0.7% Traditional ROI: -0.09%
2898 Newfound Harbor Drive Merritt Island, FL Welcome to HORTI POINT, a direct Banana Riverfront retreat offering nearly an acre of sere...	4 beds \| 2 baths \| 2,080 sq.ft.	$1,450,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 0.8% Airbnb Rental Income: $3817 Traditional Rental Income: $3117 Airbnb ROI: 0.71% Traditional ROI: 0.8%
5280 Hebron Drive Merritt Island, FL MINUTES TO BLUE ORIGIN & SPACE CENTER. COMPLETE PRIVACY & BEAUTIFULLY maintained like NE...	4 beds \| 3 baths \| 2,428 sq.ft.	$680,000	Airbnb cash on cash: 2.69% Traditional cash on cash: 2.49% Airbnb Rental Income: $3817 Traditional Rental Income: $2868 Airbnb ROI: 2.69% Traditional ROI: 2.49%
10 Bogart Place Merritt Island, FL Step into this renovated 3-bed, 2.5-bath townhome. The modern kitchen, installed in 2022, ...	3 beds \| 2 baths \| 1,376 sq.ft.	$319,900	Airbnb cash on cash: 7.55% Traditional cash on cash: 3.89% Airbnb Rental Income: $3901 Traditional Rental Income: $1961 Airbnb ROI: 7.55% Traditional ROI: 3.89%
104 Parrotfish Lane #104 Merritt Island, FL Enjoy resort style living in this two-story waterfront townhome on a navigational canal to...	3 beds \| 2 baths \| 1,487 sq.ft.	$597,500	Airbnb cash on cash: 2.24% Traditional cash on cash: 0.96% Airbnb Rental Income: $3901 Traditional Rental Income: $2349 Airbnb ROI: 2.24% Traditional ROI: 0.96%
410 Caracas Drive Merritt Island, FL This stunning waterfront home on Sykes Creek is the perfect blend of comfort, style, and s...	3 beds \| 2 baths \| 1,916 sq.ft.	$675,000	Airbnb cash on cash: 2.83% Traditional cash on cash: 2.12% Airbnb Rental Income: $3901 Traditional Rental Income: $2613 Airbnb ROI: 2.83% Traditional ROI: 2.12%
1525 TUNA STREET Merritt Island, FL Welcome to your piece of paradise located on Merritt Island. Only 10 minutes to the beach,...	3 beds \| 2 baths \| 1,690 sq.ft.	$649,900	Airbnb cash on cash: 3.15% Traditional cash on cash: 2.5% Airbnb Rental Income: $3901 Traditional Rental Income: $2668 Airbnb ROI: 3.15% Traditional ROI: 2.5%
735 Pilot Lane #814 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 3 baths \| 1,632 sq.ft.	$860,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 0.35% Airbnb Rental Income: $3901 Traditional Rental Income: $2768 Airbnb ROI: 0.72% Traditional ROI: 0.35%
1250 Old Parsonage Drive Merritt Island, FL IMPROVED PRICING on this charming MERRITT ISLAND POOL Residence, nestled in the lovely NEW...	4 beds \| 2 baths \| 2,766 sq.ft.	$658,500	Airbnb cash on cash: 2.66% Traditional cash on cash: 2.67% Airbnb Rental Income: $3817 Traditional Rental Income: $2994 Airbnb ROI: 2.66% Traditional ROI: 2.67%
3045 N Tropical Trail Merritt Island, FL BRAND NEW POOL home with NO HOA! Just a little into North MI so easy access to everything!...	4 beds \| 3 baths \| 2,431 sq.ft.	$769,950	Airbnb cash on cash: 2.85% Traditional cash on cash: 3.01% Airbnb Rental Income: $3817 Traditional Rental Income: $3110 Airbnb ROI: 2.85% Traditional ROI: 3.01%
5235 Hebron Drive Merritt Island, FL Who doesn't want a waterfront pool home?!?! This stunning 4 bed 3 bath home is a tri-split...	4 beds \| 3 baths \| 2,692 sq.ft.	$725,000	Airbnb cash on cash: 2.49% Traditional cash on cash: 2.76% Airbnb Rental Income: $3817 Traditional Rental Income: $3174 Airbnb ROI: 2.49% Traditional ROI: 2.76%

Real Estate investment in Merritt-island, FL

There are 150 properties for sale in the city of Merritt Island . The median list price in Merritt Island is $535,000 and the average price per square foot is $281. In December 2024, the average monthly cash on cash return in Merritt Island is 3.00%. The average monthly rental income in Merritt Island is $2,462.

Merritt-island, FL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 150 investment properties available for sale in Merritt-island.

In 2024, the best neighborhood to buy investment property is Merritt Island.

The ROI for Short-Term is higher than the Long-Term in Merritt-island with average rental income of $3,817.

Your search for investment property begins and ends here

Investment Property for Sale in Merritt Island, FL

6215 S Tropical Trail

Merritt Island, FL

4 beds | 4 baths | 4,072 sq.ft.

$2,250,000

Airbnb cash on cash: -0.25%

Traditional cash on cash: 0.66%

Airbnb Rental Income: $3817

Traditional Rental Income: $4888

Airbnb ROI: -0.25%

Traditional ROI: 0.66%

490 Sail Lane #302

Merritt Island, FL

3 beds | 2 baths | 2,065 sq.ft.

$420,000

Airbnb cash on cash: 2.76%

Traditional cash on cash: 2.22%

Airbnb Rental Income: $3901

Traditional Rental Income: $2851

Airbnb ROI: 2.76%

Traditional ROI: 2.22%

1260 Old Parsonage Drive

Merritt Island, FL

3 beds | 3 baths | 2,341 sq.ft.

$594,000

Airbnb cash on cash: 3.63%

Traditional cash on cash: 3.62%

Airbnb Rental Income: $3901

Traditional Rental Income: $3057

Airbnb ROI: 3.63%

Traditional ROI: 3.62%

1150 Old Parsonage Drive

Merritt Island, FL

4 beds | 3 baths | 2,915 sq.ft.

$839,900

Airbnb cash on cash: 2.03%

Traditional cash on cash: 2.41%

Airbnb Rental Income: $3817

Traditional Rental Income: $3291

Airbnb ROI: 2.03%

Traditional ROI: 2.41%

735 Pilot Lane #401

Merritt Island, FL

3 beds | 3 baths | 1,632 sq.ft.

$735,000

Airbnb cash on cash: 1.01%

Traditional cash on cash: 0.58%

Airbnb Rental Income: $3901

Traditional Rental Income: $2768

Airbnb ROI: 1.01%

Traditional ROI: 0.58%

1245 Altman Drive

Merritt Island, FL

4 beds | 2 baths | N/A

$325,000

Airbnb cash on cash: 7.91%

Traditional cash on cash: 7.88%

Airbnb Rental Income: $3817

Traditional Rental Income: $2983

Airbnb ROI: 7.91%

Traditional ROI: 7.88%

390 Sabal Avenue

Merritt Island, FL

4 beds | 2 baths | 1,671 sq.ft.

$392,000

Airbnb cash on cash: 5.86%

Traditional cash on cash: 4.52%

Airbnb Rental Income: $3817

Traditional Rental Income: $2499

Airbnb ROI: 5.86%

Traditional ROI: 4.52%

2719 Cutlass Point Lane #102

Merritt Island, FL

3 beds | 2 baths | 1,483 sq.ft.

$499,000

Airbnb cash on cash: 3.32%

Traditional cash on cash: 1.74%

Airbnb Rental Income: $3901

Traditional Rental Income: $2328

Airbnb ROI: 3.32%