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
3 Grande Avenue Merritt Island, FL Welcome to coastal luxury living at its finest! This stunning, fully renovated 5-bedroom, ...	5 beds \| 4 baths \| 4,141 sq.ft.	$3,200,000	Airbnb cash on cash: 1.62% Traditional cash on cash: -0.27% Airbnb Rental Income: $10927 Traditional Rental Income: $3312 Airbnb ROI: 1.62% Traditional ROI: -0.27%
225 S Tropical Trl #124 Merritt Island, FL Completely Remodeled 2 bedrooms & 1 bathroom Corner unit in Sunset Bay Riverfront complex....	2 beds \| 1 baths \| 1,081 sq.ft.	$189,500	Airbnb cash on cash: -0.01% Traditional cash on cash: 3.66% Airbnb Rental Income: $1374 Traditional Rental Income: $1634 Airbnb ROI: -0.01% Traditional ROI: 3.66%
106 Victoria St Merritt Island, FL Discover your dream home at 106 Victoria St, Merritt Island, FL 32952! This exquisite sing...	4 beds \| 4 baths \| 3,988 sq.ft.	$2,500,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 2.24% Airbnb Rental Income: $4167 Traditional Rental Income: $8861 Airbnb ROI: -0.16% Traditional ROI: 2.24%
520 E Merrimac Dr Merritt Island, FL Welcome home to this adorable, updated 3-bed, 2-bath, 1-car garage, canal-front retreat lo...	3 beds \| 2 baths \| 1,219 sq.ft.	$364,500	Airbnb cash on cash: 0.91% Traditional cash on cash: 4.04% Airbnb Rental Income: $1569 Traditional Rental Income: $2190 Airbnb ROI: 0.91% Traditional ROI: 4.04%
225 South Tropical Trail Merritt Island, FL A perfect place with LOW HOA fees in the highly sought after Sunset Bay Condo nestled arou...	1 beds \| 1 baths \| 489 sq.ft.	$135,000	Airbnb cash on cash: 6.05% Traditional cash on cash: 7.27% Airbnb Rental Income: $1525 Traditional Rental Income: $1240 Airbnb ROI: 6.05% Traditional ROI: 7.27%
540 Barrett Dr Merritt Island, FL SEEING IS BELIEVEING! This is one of those homes you truly need to see in person to apprec...	4 beds \| 3 baths \| 2,110 sq.ft.	$375,000	Airbnb cash on cash: 5.14% Traditional cash on cash: 3.72% Airbnb Rental Income: $4167 Traditional Rental Income: $2617 Airbnb ROI: 5.14% Traditional ROI: 3.72%
4170 S Tropical Trl Merritt Island, FL Buy through Auction.com. This foreclosure property is a great opportunity to invest in thi...	5 beds \| 3 baths \| 2,853 sq.ft.	$1,599,000	Airbnb cash on cash: 4.24% Traditional cash on cash: 0.77% Airbnb Rental Income: $10327 Traditional Rental Income: $3272 Airbnb ROI: 4.24% Traditional ROI: 0.77%
1610 E Central Ave Merritt Island, FL This 4 bedroom, 2 bath canal front single family home in Merritt Island offers 2,037 sq ft...	4 beds \| 2 baths \| 2,037 sq.ft.	$550,000	Airbnb cash on cash: 4.71% Traditional cash on cash: 4% Airbnb Rental Income: $4167 Traditional Rental Income: $2920 Airbnb ROI: 4.71% Traditional ROI: 4%
1695 N Banana River Dr 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: 0.5% Traditional cash on cash: 4.29% Airbnb Rental Income: $1569 Traditional Rental Income: $2713 Airbnb ROI: 0.5% Traditional ROI: 4.29%
4245 Hillview Cir 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.	$575,000	Airbnb cash on cash: 3.86% Traditional cash on cash: 3.82% Airbnb Rental Income: $4167 Traditional Rental Income: $3265 Airbnb ROI: 3.86% Traditional ROI: 3.82%
1085 Old Parsonage Dr Merritt Island, FL South Merritt Island Paradise in New Georgiana Settlement just waiting for you to put your...	3 beds \| 2 baths \| 2,355 sq.ft.	$585,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 5.27% Airbnb Rental Income: $1569 Traditional Rental Income: $3850 Airbnb ROI: 0.27% Traditional ROI: 5.27%
327 S Tropical Trl Merritt Island, FL Architect-designed, this stunning Indian River estate is located on highly sought-after So...	4 beds \| 2 baths \| 2,464 sq.ft.	$1,010,800	Airbnb cash on cash: 1.87% Traditional cash on cash: 3.37% Airbnb Rental Income: $4167 Traditional Rental Income: $4692 Airbnb ROI: 1.87% Traditional ROI: 3.37%
2345 Marsh Harbor Ave Merritt Island, FL Executive Pool Home in Gated Community on South Merritt Island. Welcome to this 3-bedroom,...	3 beds \| 3 baths \| 2,398 sq.ft.	$595,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 5.5% Airbnb Rental Income: $1569 Traditional Rental Income: $4322 Airbnb ROI: -0.04% Traditional ROI: 5.5%
165 Treasure St #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: -0.57% Traditional cash on cash: 2.14% Airbnb Rental Income: $1569 Traditional Rental Income: $1596 Airbnb ROI: -0.57% Traditional ROI: 2.14%
1225 Faulkingham Road Merritt Island, FL 72 Hr Kick Out Clause *Rare Riverfront Sanctuary \| 100' Frontage \| No HOA \| 1/2 Acre Priva...	3 beds \| 3 baths \| 2,776 sq.ft.	$1,299,982	Airbnb cash on cash: -0.21% Traditional cash on cash: 1.59% Airbnb Rental Income: $1569 Traditional Rental Income: $3294 Airbnb ROI: -0.21% Traditional ROI: 1.59%
1425 Glen Haven Drive Merritt Island, FL Rare find! Block 2 bed 3 full bath home located directly on the canal with pool and dock (...	2 beds \| 3 baths \| 1,952 sq.ft.	$489,900	Airbnb cash on cash: -0.36% Traditional cash on cash: 5.24% Airbnb Rental Income: $1374 Traditional Rental Income: $3521 Airbnb ROI: -0.36% Traditional ROI: 5.24%
200 S Banana River Drive #B9 Merritt Island, FL Welcome home to this beautifully designed 2-bedroom, 2-bath manufactured home offering app...	2 beds \| 2 baths \| N/A	$159,900	Airbnb cash on cash: 3.77% Traditional cash on cash: 10.73% Airbnb Rental Income: $1374 Traditional Rental Income: $2019 Airbnb ROI: 3.77% Traditional ROI: 10.73%
200 S Banana River Drive #G18 Merritt Island, FL G-18 Brand New Palm Harbor Home features; -White cabinetry -Stainless steel farmers sink, ...	2 beds \| 2 baths \| 818 sq.ft.	$149,900	Airbnb cash on cash: 4.14% Traditional cash on cash: 9.81% Airbnb Rental Income: $1374 Traditional Rental Income: $1770 Airbnb ROI: 4.14% Traditional ROI: 9.81%
1295 S Banana River Dr Merritt Island, FL Experience the pinnacle of coastal luxury at Marina Bay Estates, Merritt Island's exclusiv...	5 beds \| 5 baths \| 4,860 sq.ft.	$2,700,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 1.34% Airbnb Rental Income: $10927 Traditional Rental Income: $6418 Airbnb ROI: 2.33% Traditional ROI: 1.34%
1380 Mackeral Ave Merritt Island, FL BEAUTIFUL 3 Bedrooms/ 2 Bathrooms Single Family Home in N Banana area of fine homes and Ri...	3 beds \| 2 baths \| 1,400 sq.ft.	$374,900	Airbnb cash on cash: 1.18% Traditional cash on cash: 4.51% Airbnb Rental Income: $1569 Traditional Rental Income: $2287 Airbnb ROI: 1.18% Traditional ROI: 4.51%
255 Utopia Cir Merritt Island, FL Boat dock, pool, 1 acre and a South Tropical Trail address. This Egret's Cove property is ...	5 beds \| 3 baths \| 3,783 sq.ft.	$1,025,000	Airbnb cash on cash: 7.1% Traditional cash on cash: 3.26% Airbnb Rental Income: $10927 Traditional Rental Income: $5254 Airbnb ROI: 7.1% Traditional ROI: 3.26%
100 Mutiny Ln #C4-101 Merritt Island, FL Only 4 miles (6 minutes) to the beach at this LOW price? Highly Sought After FIRST FLOOR E...	1 beds \| 1 baths \| 550 sq.ft.	$80,000	Airbnb cash on cash: 3.83% Traditional cash on cash: 5.88% Airbnb Rental Income: $1525 Traditional Rental Income: $1243 Airbnb ROI: 3.83% Traditional ROI: 5.88%
420 Catamaran Dr #99 Merritt Island, FL Highly desirable FIRST floor CORNER unit! Just steps away from the pool! Walk out your scr...	2 beds \| 2 baths \| 1,023 sq.ft.	$149,500	Airbnb cash on cash: 0.96% Traditional cash on cash: 5.2% Airbnb Rental Income: $1374 Traditional Rental Income: $1585 Airbnb ROI: 0.96% Traditional ROI: 5.2%
735 W Pilot Ln #506 Merritt Island, FL Penthouse-Inspired Living in Merritt Island Discover an exceptional opportunity to own a b...	2 beds \| 2 baths \| 1,334 sq.ft.	$559,900	Airbnb cash on cash: -1.76% Traditional cash on cash: 1.1% Airbnb Rental Income: $1374 Traditional Rental Income: $2451 Airbnb ROI: -1.76% Traditional ROI: 1.1%
735 Pilot Ln #901 Merritt Island, FL Live were you Land! Introducing a one-of-a-kind living experience tailored for those who c...	3 beds \| 3 baths \| 1,632 sq.ft.	$895,000	Airbnb cash on cash: -1.74% Traditional cash on cash: 1.22% Airbnb Rental Income: $1569 Traditional Rental Income: $3591 Airbnb ROI: -1.74% Traditional ROI: 1.22%
1655 S Shelter Trl Merritt Island, FL Some homes simply feel like Florida. Tucked along the Banana River in Merritt Island, this...	3 beds \| 2 baths \| 1,630 sq.ft.	$530,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 3.23% Airbnb Rental Income: $1569 Traditional Rental Income: $2699 Airbnb ROI: 0.04% Traditional ROI: 3.23%
130 Country Woods Pl Merritt Island, FL Discover coastal living on desirable South Merritt Island in this impeccably equipped, tur...	3 beds \| 2 baths \| 1,644 sq.ft.	$565,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 3.4% Airbnb Rental Income: $1569 Traditional Rental Income: $2481 Airbnb ROI: 0.82% Traditional ROI: 3.4%
225 S Tropical Trl S #724 Merritt Island, FL Beautiful gated complex on the river, in the heart of Merritt Island, walking paths, commu...	N/A beds \| 1 baths \| 424 sq.ft.	$149,900	Airbnb cash on cash: 5.26% Traditional cash on cash: 6.8% Airbnb Rental Income: $1525 Traditional Rental Income: $1302 Airbnb ROI: 5.26% Traditional ROI: 6.8%
225 S Tropical Trail #624 Merritt Island, FL Waterfront living in the heart of Merritt Island! Welcome to Sunset Bay, a gated waterfron...	2 beds \| 1 baths \| 962 sq.ft.	$149,900	Airbnb cash on cash: 3.5% Traditional cash on cash: 8.81% Airbnb Rental Income: $1374 Traditional Rental Income: $1717 Airbnb ROI: 3.5% Traditional ROI: 8.81%
1515 Cunningham Ave Merritt Island, FL Charming 2-bedroom, 2-bathroom single-family home located in the desirable Merritt Island ...	2 beds \| 2 baths \| 875 sq.ft.	$219,900	Airbnb cash on cash: 2.75% Traditional cash on cash: 6.24% Airbnb Rental Income: $1374 Traditional Rental Income: $1683 Airbnb ROI: 2.75% Traditional ROI: 6.24%
730 Sara Jane Lane Merritt Island, FL PRICED TO SELL! Cottage charm meets coastal opportunity! Tucked away on a quiet cul-de-sac...	3 beds \| 1 baths \| 896 sq.ft.	$180,000	Airbnb cash on cash: 3.58% Traditional cash on cash: 7.3% Airbnb Rental Income: $1569 Traditional Rental Income: $1757 Airbnb ROI: 3.58% Traditional ROI: 7.3%

Real Estate investment in Merritt-island, FL

There are 180 properties for sale in the city of Merritt Island . The median list price in Merritt Island is $414,726 and the average price per square foot is $237. In October 2026, the average monthly cash on cash return in Merritt Island is 3.00%. The average monthly rental income in Merritt Island is $2,124.

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

There are 180 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 $2,124.

Your search for investment property begins and ends here

Investment Property for Sale in Merritt Island, FL

3 Grande Avenue

Merritt Island, FL

5 beds | 4 baths | 4,141 sq.ft.

$3,200,000

Airbnb cash on cash: 1.62%

Traditional cash on cash: -0.27%

Airbnb Rental Income: $10927

Traditional Rental Income: $3312

Airbnb ROI: 1.62%

Traditional ROI: -0.27%

225 S Tropical Trl #124

Merritt Island, FL

2 beds | 1 baths | 1,081 sq.ft.

$189,500

Airbnb cash on cash: -0.01%

Traditional cash on cash: 3.66%

Airbnb Rental Income: $1374

Traditional Rental Income: $1634

Airbnb ROI: -0.01%

Traditional ROI: 3.66%

106 Victoria St

Merritt Island, FL

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

$2,500,000

Airbnb cash on cash: -0.16%

Traditional cash on cash: 2.24%

Airbnb Rental Income: $4167

Traditional Rental Income: $8861

Airbnb ROI: -0.16%

Traditional ROI: 2.24%

520 E Merrimac Dr

Merritt Island, FL

3 beds | 2 baths | 1,219 sq.ft.

$364,500

Airbnb cash on cash: 0.91%

Traditional cash on cash: 4.04%

Airbnb Rental Income: $1569

Traditional Rental Income: $2190

Airbnb ROI: 0.91%

Traditional ROI: 4.04%

225 South Tropical Trail

Merritt Island, FL

1 beds | 1 baths | 489 sq.ft.

$135,000

Airbnb cash on cash: 6.05%

Traditional cash on cash: 7.27%

Airbnb Rental Income: $1525

Traditional Rental Income: $1240

Airbnb ROI: 6.05%

Traditional ROI: 7.27%

540 Barrett Dr

Merritt Island, FL

4 beds | 3 baths | 2,110 sq.ft.

$375,000

Airbnb cash on cash: 5.14%

Traditional cash on cash: 3.72%

Airbnb Rental Income: $4167

Traditional Rental Income: $2617

Airbnb ROI: 5.14%

Traditional ROI: 3.72%

4170 S Tropical Trl

Merritt Island, FL

5 beds | 3 baths | 2,853 sq.ft.

$1,599,000

Airbnb cash on cash: 4.24%

Traditional cash on cash: 0.77%

Airbnb Rental Income: $10327

Traditional Rental Income: $3272

Airbnb ROI: 4.24%

Traditional ROI: 0.77%

1610 E Central Ave

Merritt Island, FL

4 beds | 2 baths | 2,037 sq.ft.

$550,000

Airbnb cash on cash: 4.71%

Traditional cash on cash: 4%

Airbnb Rental Income: $4167

Traditional Rental Income: $2920

Airbnb ROI: 4.71%