1605 N Tropical Trail Merritt Island, FL 32953
6
Beds
3
Baths
2,648
Sq Ft
7.66
Acres
Highlights
- 291 Feet of Waterfront
- River Access
- Home fronts a lagoon or estuary
- Guest House
- Intracoastal View
- 7.66 Acre Lot
About This Home
As of June 2025Once-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. 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.
Last Agent to Sell the Property
Compass Florida LLC License #3513832 Listed on: 03/22/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,104
Year Built
- Built in 1901
Lot Details
- 7.66 Acre Lot
- Home fronts a lagoon or estuary
- 291 Feet of Waterfront
- Home fronts navigable water
- Property fronts an intracoastal waterway
- River Front
- South Facing Home
- Many Trees
- May Be Possible The Lot Can Be Split Into 2+ Parcels
Parking
- 2 Car Garage
Property Views
- Intracoastal
- River
- Woods
Home Design
- Fixer Upper
- Frame Construction
- Shingle Roof
- Metal Roof
- Wood Siding
Interior Spaces
- 2,648 Sq Ft Home
- 2-Story Property
- Gas Range
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- River Access
- Balcony
- Wrap Around Porch
Additional Homes
- Guest House
Schools
- Mila Elementary School
- Jefferson Middle School
- Merritt Island High School
Utilities
- No Cooling
- No Heating
- Propane
- Well
- Septic Tank
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 24-36-22-00-00007.0-0000.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 22, 2025
Closed on
Jun 18, 2025
Sold by
Donaldson Charles K and Donaldson Judith A
Bought by
Holderman Callie R
Seller's Agent
David Andai
Compass Florida LLC
Buyer's Agent
David Andai
Compass Florida LLC
List Price
$2,500,000
Sold Price
$1,780,000
Premium/Discount to List
-$720,000
-28.8%
Views
36
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.79%
Original Mortgage
$1,246,000
Outstanding Balance
$1,244,818
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$522,175
Purchase Details
Closed on
Aug 5, 2022
Sold by
Donaldson Charles K
Bought by
Donaldson Charles K and Donaldson Judith A
Purchase Details
Closed on
Feb 2, 2022
Sold by
Donaldson Charles K and Donaldson Judith A
Bought by
Donaldson Charles K
Purchase Details
Closed on
Jan 11, 2017
Sold by
Donaldson Charles K and Charles K Donaldson Trust
Bought by
Donaldson Charles K and Donaldson Judith A
Purchase Details
Closed on
Dec 12, 2003
Sold by
Donaldson Charles K
Bought by
Donaldson Charles K and Charles K Donaldson Trust
Similar Homes in Merritt Island, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,780,000 | Key Title Llc | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $79,500 | None Listed On Document | |
| Warranty Deed | -- | Attorney | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,246,000 | New Conventional | |
| Previous Owner | $200,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Sold | $1,780,000 | -11.0% | $672 / Sq Ft |
| 05/04/2025 05/04/25 | Pending | -- | -- | -- |
| 04/28/2025 04/28/25 | Price Changed | $2,000,000 | -11.1% | $755 / Sq Ft |
| 04/05/2025 04/05/25 | Price Changed | $2,250,000 | -10.0% | $850 / Sq Ft |
| 03/22/2025 03/22/25 | For Sale | $2,500,000 | -- | $944 / Sq Ft |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,072 | $419,960 | -- | -- |
| 2023 | $5,072 | $407,680 | $0 | $0 |
| 2022 | $4,740 | $395,850 | $0 | $0 |
| 2021 | $5,014 | $385,210 | $0 | $0 |
| 2020 | $5,017 | $379,860 | $0 | $0 |
| 2019 | $5,248 | $389,980 | $0 | $0 |
| 2018 | $3,127 | $232,130 | $0 | $0 |
| 2017 | $3,148 | $225,060 | $0 | $0 |
| 2016 | $3,198 | $220,020 | $181,020 | $39,000 |
| 2015 | $2,920 | $217,980 | $5,010 | $212,970 |
| 2014 | $3,303 | $215,800 | $5,010 | $210,790 |
Source: Public Records
Agents Affiliated with this Home
-
David Andai
Seller's Agent in 2025
David Andai
Compass Florida LLC
(407) 203-9441
5 in this area
62 Total Sales
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1040888
APN: 24-36-22-00-00007.0-0000.00
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