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
1315 Lester Court Merritt Island, FL Here's the 4 bedroom on Merritt Island that you've been looking for! The 4th bedroom does ...	3 beds \| 2 baths \| 1,238 sq.ft.	$358,500	Airbnb cash on cash: 3.37% Traditional cash on cash: 4.37% Airbnb Rental Income: $2463 Traditional Rental Income: $2201 Airbnb ROI: 3.37% Traditional ROI: 4.37%
840 WOODBINE DRIVE Merritt Island, FL Beautiful home in extremely desirable area. This location is perfect for relaxing, comfort...	4 beds \| 3 baths \| 2,423 sq.ft.	$789,000	Airbnb cash on cash: 2.4% Traditional cash on cash: 3.76% Airbnb Rental Income: $3959 Traditional Rental Income: $4105 Airbnb ROI: 2.4% Traditional ROI: 3.76%
430 Breakwater Drive #29 Merritt Island, FL Tucked away in the heart of Central Merritt Island, this beautifully updated ground floor ...	2 beds \| 2 baths \| 894 sq.ft.	$153,800	Airbnb cash on cash: -0.98% Traditional cash on cash: 6.19% Airbnb Rental Income: $995 Traditional Rental Income: $1695 Airbnb ROI: -0.98% Traditional ROI: 6.19%
435 S Courtenay Parkway Merritt Island, FL $5,000 TOWARDS BUYERS CLOSING COSTS! Take advantage of an opportunity and come see this mo...	4 beds \| 2 baths \| 1,360 sq.ft.	$327,500	Airbnb cash on cash: 7.85% Traditional cash on cash: 6.02% Airbnb Rental Income: $3959 Traditional Rental Income: $2545 Airbnb ROI: 7.85% Traditional ROI: 6.02%
680 Sunset Lane Merritt Island, FL Location, location, location! This solid, well-maintained home is located in desirable Sou...	4 beds \| 3 baths \| 2,540 sq.ft.	$539,900	Airbnb cash on cash: 4.02% Traditional cash on cash: 5.81% Airbnb Rental Income: $3959 Traditional Rental Income: $4011 Airbnb ROI: 4.02% Traditional ROI: 5.81%
3083 NEWFOUND HARBOR DRIVE Merritt Island, FL Welcome to 3083 Newfound Harbor Dr, Merritt Island, a rare waterfront opportunity offering...	4 beds \| 3 baths \| 2,445 sq.ft.	$1,100,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 2.13% Airbnb Rental Income: $3959 Traditional Rental Income: $4194 Airbnb ROI: 1.07% Traditional ROI: 2.13%
735 Pilot Lane unit: 314 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 4 baths \| 1,715 sq.ft.	$745,000	Airbnb cash on cash: -1.23% Traditional cash on cash: 1.91% Airbnb Rental Income: $2463 Traditional Rental Income: $4047 Airbnb ROI: -1.23% Traditional ROI: 1.91%
106 VICTORIA STREET Merritt Island, FL Discover your dream home at 106 Victoria St, Merritt Island, FL 32952! This exquisite sing...	4 beds \| 5 baths \| 3,988 sq.ft.	$2,500,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 2.24% Airbnb Rental Income: $3959 Traditional Rental Income: $8861 Airbnb ROI: -0.24% Traditional ROI: 2.24%
9490 S Tropical Trail Merritt Island, FL A rare River-to-River estate on nearly 6.2 acres along prestigious S. Tropical Trail offer...	5 beds \| 6 baths \| 4,906 sq.ft.	$4,950,000	Airbnb cash on cash: -1.44% Traditional cash on cash: 0.96% Airbnb Rental Income: $2161 Traditional Rental Income: $12618 Airbnb ROI: -1.44% Traditional ROI: 0.96%
735 Pilot Lane unit: 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: -3.62% Traditional cash on cash: 0.84% Airbnb Rental Income: $995 Traditional Rental Income: $2972 Airbnb ROI: -3.62% Traditional ROI: 0.84%
735 Pilot Lane unit: 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.	$863,400	Airbnb cash on cash: -2.7% Traditional cash on cash: 0.45% Airbnb Rental Income: $995 Traditional Rental Income: $3174 Airbnb ROI: -2.7% Traditional ROI: 0.45%
135 S Kenneth Court Merritt Island, FL Getting to the beach in 9 minutes? Yes, please! Experience the ultimate Florida lifestyle ...	2 beds \| 1 baths \| 961 sq.ft.	$297,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 4.88% Airbnb Rental Income: $995 Traditional Rental Income: $1984 Airbnb ROI: 0.07% Traditional ROI: 4.88%
735 Pilot Lane unit: 611 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.	$648,000	Airbnb cash on cash: -3.27% Traditional cash on cash: 1.07% Airbnb Rental Income: $995 Traditional Rental Income: $3259 Airbnb ROI: -3.27% Traditional ROI: 1.07%
735 Pilot Lane unit: 812 Merritt Island, FL River Fly-In is a premier Fly-In community in Merritt Island and a gem for anyone with a p...	2 beds \| 2 baths \| 1,344 sq.ft.	$745,000	Airbnb cash on cash: -2.97% Traditional cash on cash: 0.34% Airbnb Rental Income: $995 Traditional Rental Income: $2937 Airbnb ROI: -2.97% Traditional ROI: 0.34%
735 Pilot Lane unit: 908 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 4 baths \| 2,178 sq.ft.	$1,540,000	Airbnb cash on cash: -1.52% Traditional cash on cash: 1.42% Airbnb Rental Income: $2463 Traditional Rental Income: $6065 Airbnb ROI: -1.52% Traditional ROI: 1.42%
115 Carib Drive Merritt Island, FL SHORT SALE Priced lower than appraisal. Bank approved price. Beautiful Merritt Island ...	3 beds \| 2 baths \| 1,548 sq.ft.	$288,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 5.84% Airbnb Rental Income: $2463 Traditional Rental Income: $2301 Airbnb ROI: 4.22% Traditional ROI: 5.84%
1545 Cunningham Avenue Merritt Island, FL Here is an opportunity to own a home that is in a good neighborhood and has good bones. It...	3 beds \| 1 baths \| 1,148 sq.ft.	$219,000	Airbnb cash on cash: 6.08% Traditional cash on cash: 8.06% Airbnb Rental Income: $2463 Traditional Rental Income: $2273 Airbnb ROI: 6.08% Traditional ROI: 8.06%
1460 Hannah Drive Merritt Island, FL Welcome to 1460 Hannah Drive! Adorable and updated, this waterfront pool home is MOVE IN R...	3 beds \| 2 baths \| 1,392 sq.ft.	$585,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 3.95% Airbnb Rental Income: $2463 Traditional Rental Income: $3320 Airbnb ROI: 1.28% Traditional ROI: 3.95%
1695 N BANANA RIVER DRIVE Merritt Island, FL Welcome to 1695 N Banana River Dr, a beautifully updated and fully gated home in Merritt I...	3 beds \| 2 baths \| 1,596 sq.ft.	$449,000	Airbnb cash on cash: 2.27% Traditional cash on cash: 4.29% Airbnb Rental Income: $2463 Traditional Rental Income: $2713 Airbnb ROI: 2.27% Traditional ROI: 4.29%
397 Milford Point Drive Merritt Island, FL WELCOME HOME TO EXCLUSIVE MILFORD POINT MERRITT ISLAND! An absolute tropical boater's para...	5 beds \| 4 baths \| 5,615 sq.ft.	$1,299,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 2.91% Airbnb Rental Income: $2161 Traditional Rental Income: $5810 Airbnb ROI: -0.57% Traditional ROI: 2.91%
4245 Hillview Circle Merritt Island, FL Welcome to this well-maintained 4-bedroom, 2-bath pool home in highly desirable Hilltop Ma...	4 beds \| 2 baths \| 2,002 sq.ft.	$664,900	Airbnb cash on cash: 3.03% Traditional cash on cash: 3.28% Airbnb Rental Income: $3959 Traditional Rental Income: $3265 Airbnb ROI: 3.03% Traditional ROI: 3.28%
150 UTOPIA CIRCLE Merritt Island, FL PRICE IMPROVEMENT! Discover one of Brevard County's most unique communities with 1-acre lo...	5 beds \| 4 baths \| 5,308 sq.ft.	$1,249,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 3.96% Airbnb Rental Income: $2161 Traditional Rental Income: $6021 Airbnb ROI: 0.17% Traditional ROI: 3.96%
700 Milford Point Drive Merritt Island, FL One-of-a-kind Peninsula Waterfront Estate on Two Premium Lots.Welcome to a rare peninsula-...	5 beds \| 4 baths \| 4,040 sq.ft.	$2,300,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 1.3% Airbnb Rental Income: $2161 Traditional Rental Income: $5687 Airbnb ROI: -0.61% Traditional ROI: 1.3%
2885 S Tropical Trail Merritt Island, FL Experience the charm of mid-century design with this iconic 1950s riverfront retreat-a rar...	3 beds \| 2 baths \| 1,639 sq.ft.	$850,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 2.6% Airbnb Rental Income: $2463 Traditional Rental Income: $3253 Airbnb ROI: 0.84% Traditional ROI: 2.6%
327 S Tropical Trail Merritt Island, FL Stunning Indian River estate on coveted South Tropical Trail. Nestled down a long driveway...	4 beds \| 2 baths \| 2,464 sq.ft.	$1,010,800	Airbnb cash on cash: 1.69% Traditional cash on cash: 3.37% Airbnb Rental Income: $3959 Traditional Rental Income: $4692 Airbnb ROI: 1.69% Traditional ROI: 3.37%
205 Buccaneer Avenue unit: C1-104 Merritt Island, FL Bring Your Boat! Coveted First Floor End Unit Co Op In The Heart Of The Banana River, Coco...	1 beds \| 1 baths \| 550 sq.ft.	$89,900	Airbnb cash on cash: 5.2% Traditional cash on cash: 8.45% Airbnb Rental Income: $1626 Traditional Rental Income: $1452 Airbnb ROI: 5.2% Traditional ROI: 8.45%
101 Island Grove Drive Merritt Island, FL Welcome to 101 Island Grove Dr, located in the highly sought-after Island Grove community....	4 beds \| 3 baths \| 3,005 sq.ft.	$699,000	Airbnb cash on cash: 3.08% Traditional cash on cash: 4.47% Airbnb Rental Income: $3959 Traditional Rental Income: $4017 Airbnb ROI: 3.08% Traditional ROI: 4.47%
160 BOUNTY STREET #A1-101 Merritt Island, FL Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bed...	2 beds \| 1 baths \| 704 sq.ft.	$125,000	Airbnb cash on cash: -2.15% Traditional cash on cash: 7.28% Airbnb Rental Income: $995 Traditional Rental Income: $1775 Airbnb ROI: -2.15% Traditional ROI: 7.28%
10758 S Tropical Trail Merritt Island, FL Breathtaking sunrises and sunsets await in this incredible River to River South Merritt Is...	2 beds \| 2 baths \| 2,244 sq.ft.	$1,895,000	Airbnb cash on cash: -1.08% Traditional cash on cash: 0.39% Airbnb Rental Income: $995 Traditional Rental Income: $3232 Airbnb ROI: -1.08% Traditional ROI: 0.39%
200 Bounty Street unit: 2208 Merritt Island, FL Absolutely STUNNING remodel only 4 miles to the beach, that's 6 minutes! A very open floor...	2 beds \| 1 baths \| 704 sq.ft.	$139,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 11.03% Airbnb Rental Income: $995 Traditional Rental Income: $1814 Airbnb ROI: 2.23% Traditional ROI: 11.03%
425 Catamaran Drive unit: 72 Merritt Island, FL This stunning remodel is truly to perfection, showcasing amazing updates throughout! There...	2 beds \| 2 baths \| 894 sq.ft.	$214,000	Airbnb cash on cash: -1.61% Traditional cash on cash: 4% Airbnb Rental Income: $995 Traditional Rental Income: $1779 Airbnb ROI: -1.61% Traditional ROI: 4%
200 Bounty Street unit: A2-104 Merritt Island, FL TURNKEY LUXURY...Fully Furnished To A High Standard. A much coveted 3 Bed, 2 Bath First Fl...	3 beds \| 2 baths \| 882 sq.ft.	$175,000	Airbnb cash on cash: 8.63% Traditional cash on cash: 9.63% Airbnb Rental Income: $2463 Traditional Rental Income: $2029 Airbnb ROI: 8.63% Traditional ROI: 9.63%
2245 Chevalier Place Merritt Island, FL Paradise Found! Bring your boat, as this large, updated 3/2 ranch house with a beautiful o...	3 beds \| 2 baths \| 1,700 sq.ft.	$724,900	Airbnb cash on cash: 1.03% Traditional cash on cash: 2.83% Airbnb Rental Income: $2463 Traditional Rental Income: $3078 Airbnb ROI: 1.03% Traditional ROI: 2.83%
300 S Sykes Creek Parkway unit: 201 Merritt Island, FL Stunning Condo with DIRECT WATER VIEWS OF Sykes Creek in Merritt Island! This upgraded 3BR...	3 beds \| 2 baths \| 1,904 sq.ft.	$435,000	Airbnb cash on cash: 2.48% Traditional cash on cash: 5.72% Airbnb Rental Income: $2463 Traditional Rental Income: $3185 Airbnb ROI: 2.48% Traditional ROI: 5.72%
8690 S Tropical Trail Merritt Island, FL Experience exceptional waterfront living just south of Pineda Causeway on Merritt Island. ...	3 beds \| 2 baths \| 1,343 sq.ft.	$1,250,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 0.19% Airbnb Rental Income: $2463 Traditional Rental Income: $2499 Airbnb ROI: -0.36% Traditional ROI: 0.19%
1310 St George Road Merritt Island, FL Set in an established South Merritt Island neighborhood, this beautiful 4 bedroom pool hom...	4 beds \| 2 baths \| 2,073 sq.ft.	$549,000	Airbnb cash on cash: 4.45% Traditional cash on cash: 4.21% Airbnb Rental Income: $3959 Traditional Rental Income: $2991 Airbnb ROI: 4.45% Traditional ROI: 4.21%
1450 Angler Street Merritt Island, FL Welcome to your coastal retreat in the highly sought-after Surfside Estates! This charming...	3 beds \| 2 baths \| 1,296 sq.ft.	$349,000	Airbnb cash on cash: 4.11% Traditional cash on cash: 5.58% Airbnb Rental Income: $2463 Traditional Rental Income: $2346 Airbnb ROI: 4.11% Traditional ROI: 5.58%
225 S Tropical Trail #506 Merritt Island, FL RIVER VIEWS FROM EVERY WINDOW OF THIS BEAUTIFULLY FULLY-RENOVATED CONDO; QUARTZ COUNTERTOP...	1 beds \| 1 baths \| 719 sq.ft.	$189,900	Airbnb cash on cash: 3.79% Traditional cash on cash: 6.34% Airbnb Rental Income: $1626 Traditional Rental Income: $1626 Airbnb ROI: 3.79% Traditional ROI: 6.34%
165 Treasure Street #A3-105 Merritt Island, FL Island Living Just 5 Minutes To The Beach. A much sought after First Floor 3 bed/2 bath En...	3 beds \| 2 baths \| 882 sq.ft.	$184,900	Airbnb cash on cash: 8.37% Traditional cash on cash: 6.84% Airbnb Rental Income: $2463 Traditional Rental Income: $1596 Airbnb ROI: 8.37% Traditional ROI: 6.84%

Real Estate investment in Merritt-island, FL

There are 109 properties for sale in the city of Merritt Island . The median list price in Merritt Island is $485,000 and the average price per square foot is $253. In April 2026, the average monthly cash on cash return in Merritt Island is 3.00%. The average monthly rental income in Merritt Island is $2,267.

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

There are 109 investment properties available for sale in Merritt-island.

In 2026, the best neighborhood to buy investment property is Merritt Island.

The ROI for Long-Term is higher than the Short-Term in Merritt-island with average rental income of $2,267.

Your search for investment property begins and ends here

Investment Property for Sale in Merritt Island, FL

1315 Lester Court

Merritt Island, FL

3 beds | 2 baths | 1,238 sq.ft.

$358,500

Airbnb cash on cash: 3.37%

Traditional cash on cash: 4.37%

Airbnb Rental Income: $2463

Traditional Rental Income: $2201

Airbnb ROI: 3.37%

Traditional ROI: 4.37%

840 WOODBINE DRIVE

Merritt Island, FL

4 beds | 3 baths | 2,423 sq.ft.

$789,000

Airbnb cash on cash: 2.4%

Traditional cash on cash: 3.76%

Airbnb Rental Income: $3959

Traditional Rental Income: $4105

Airbnb ROI: 2.4%

Traditional ROI: 3.76%

430 Breakwater Drive #29

Merritt Island, FL

2 beds | 2 baths | 894 sq.ft.

$153,800

Airbnb cash on cash: -0.98%

Traditional cash on cash: 6.19%

Airbnb Rental Income: $995

Traditional Rental Income: $1695

Airbnb ROI: -0.98%

Traditional ROI: 6.19%

435 S Courtenay Parkway

Merritt Island, FL

4 beds | 2 baths | 1,360 sq.ft.

$327,500

Airbnb cash on cash: 7.85%

Traditional cash on cash: 6.02%

Airbnb Rental Income: $3959

Traditional Rental Income: $2545

Airbnb ROI: 7.85%

Traditional ROI: 6.02%

680 Sunset Lane

Merritt Island, FL

4 beds | 3 baths | 2,540 sq.ft.

$539,900

Airbnb cash on cash: 4.02%

Traditional cash on cash: 5.81%

Airbnb Rental Income: $3959

Traditional Rental Income: $4011

Airbnb ROI: 4.02%

Traditional ROI: 5.81%

3083 NEWFOUND HARBOR DRIVE

Merritt Island, FL

4 beds | 3 baths | 2,445 sq.ft.

$1,100,000

Airbnb cash on cash: 1.07%

Traditional cash on cash: 2.13%

Airbnb Rental Income: $3959

Traditional Rental Income: $4194

Airbnb ROI: 1.07%

Traditional ROI: 2.13%

735 Pilot Lane unit: 314

Merritt Island, FL

3 beds | 4 baths | 1,715 sq.ft.

$745,000

Airbnb cash on cash: -1.23%

Traditional cash on cash: 1.91%

Airbnb Rental Income: $2463

Traditional Rental Income: $4047

Airbnb ROI: -1.23%

Traditional ROI: 1.91%

106 VICTORIA STREET

Merritt Island, FL

4 beds | 5 baths | 3,988 sq.ft.

$2,500,000

Airbnb cash on cash: -0.24%

Traditional cash on cash: 2.24%

Airbnb Rental Income: $3959

Traditional Rental Income: $8861

Airbnb ROI: -0.24%