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Merritt Island, FL Multifamily Home for Sale

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    $433,000

    • 2,243 Sq Ft

    347 W Merritt Ave, Merritt Island, FL 32953

    Exciting Investment Opportunity! Formerly a triplex, this property has been converted into a duplex but can effortlessly revert to its original triplex configuration. In its triplex layout, it offers a variety of units: a spacious 2-bedroom, 1-bath unit, a cozy 1-bedroom, 1-bath unit, and a large 1-bedroom, 1-bath unit. Conveniently located less than two miles from all schools and just blocks

    Leon McDaniel Daignault Realty Inc

    347 W Merritt Ave, Merritt Island, FL 32953

Why Live in Merritt Island

Merritt Island, located on the eastern coast of Florida between the Indian and Banana Rivers, offers a unique waterfront living experience. This peninsula is known for its coastal charm and seclusion, with residents enjoying outdoor activities at Merritt Island National Wildlife Refuge and surfing at nearby Cocoa Beach, which is just 9 miles away. The community is home to NASA’s John F. Kennedy Space Center, a significant local attraction that draws tourists and employs many locals. Housing options in Merritt Island range from traditional ranch styles and single-story coastal homes to multi-story Mediterranean-influenced properties, with subdivisions near Savannahs Golf Course and waterfront areas on the Indian River. The area features well-manicured lawns, community pools, and playgrounds, attracting families and retirees. Shopping is convenient with Merritt Square Mall offering various department stores, while dining options include Margarita Island for Tex-Mex cuisine and Sally O’Brien’s for a casual pub atmosphere. Schools in Merritt Island are highly rated, with Robert L. Stevenson Elementary, Thomas Jefferson Middle, and Edgewood Junior/Senior High School providing quality education. Residents primarily rely on cars for transportation, utilizing Florida State Road A1A and the East Merritt Island Causeway. Public transit is available through Space Coast Area Transit, and Melbourne Orlando International Airport is 30 miles away. Due to its waterfront location, Merritt Island faces high flood risks, and residents are advised to secure flood insurance through the National Flood Insurance Program.

Home Trends in Merritt Island, FL

Housing Trends

Median Sale Price
$591,000
Median Single Family Sale Price
$733,066
Median 2 Bedroom Sale Price
$189,900
Median 1 Bedroom Sale Price
$174,500
Average Price Per Sq Ft
$285
Number of Homes for Sale
28
Last 12 months Home Sales
152
Months of Supply
2.20
Median List Price
$627,839
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
31%
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