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
4297 Crooked Mile Road Merritt Island, FL Tucked on 2.86 acres with 118' of deep Intracoastal frontage, this private Merritt Island ...	5 beds \| 5 baths \| 5,535 sq.ft.	$3,100,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 0.98% Airbnb Rental Income: $2332 Traditional Rental Income: $7461 Airbnb ROI: -1.01% Traditional ROI: 0.98%
480 N Banana River Drive Merritt Island, FL NEW ROOF with Acceptable offer! Remodeled move-in ready 3 bed, 2 bath home with a 2-car ga...	3 beds \| 2 baths \| 1,721 sq.ft.	$359,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 5.06% Airbnb Rental Income: $1761 Traditional Rental Income: $2357 Airbnb ROI: 1.86% Traditional ROI: 5.06%
1040 CARRIGAN BOULEVARD Merritt Island, FL LOCATION! LOCATION! LOCATION! Welcome to 1040 Carrigan Blvd where every day feels like you...	4 beds \| 3 baths \| 2,226 sq.ft.	$659,990	Airbnb cash on cash: 0.69% Traditional cash on cash: 4.38% Airbnb Rental Income: $2133 Traditional Rental Income: $3859 Airbnb ROI: 0.69% Traditional ROI: 4.38%
735 Pilot Lane unit: 314 #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: -1.96% Traditional cash on cash: 0.31% Airbnb Rental Income: $1761 Traditional Rental Income: $2854 Airbnb ROI: -1.96% Traditional ROI: 0.31%
1505 Eddy Street Merritt Island, FL Discover the perfect blend of comfort and convenience in this charming single-family home,...	3 beds \| 2 baths \| 1,425 sq.ft.	$369,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 4.23% Airbnb Rental Income: $1761 Traditional Rental Income: $2139 Airbnb ROI: 1.74% Traditional ROI: 4.23%
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: -0.89% Traditional cash on cash: 0.72% Airbnb Rental Income: $2133 Traditional Rental Income: $5332 Airbnb ROI: -0.89% Traditional ROI: 0.72%
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.	$6,495,000	Airbnb cash on cash: -1.31% Traditional cash on cash: -0.42% Airbnb Rental Income: $2332 Traditional Rental Income: $7087 Airbnb ROI: -1.31% Traditional ROI: -0.42%
1685 Savana Drive Merritt Island, FL Exceptional income-producing property offering two fully independent residences on one spa...	5 beds \| 4 baths \| 2,523 sq.ft.	$400,000	Airbnb cash on cash: 2.45% Traditional cash on cash: 10.33% Airbnb Rental Income: $2332 Traditional Rental Income: $4710 Airbnb ROI: 2.45% Traditional ROI: 10.33%
2735 S Courtenay Parkway Merritt Island, FL Gorgeous Merritt Island Pool Home! NO HOA! Step inside to soaring ceilings and abundant na...	4 beds \| 2 baths \| 3,030 sq.ft.	$760,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 1.5% Airbnb Rental Income: $2133 Traditional Rental Income: $2576 Airbnb ROI: 0.11% Traditional ROI: 1.5%
735 Pilot Lane unit: 510 #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: -3.83% Traditional cash on cash: -0.13% Airbnb Rental Income: $786 Traditional Rental Income: $2403 Airbnb ROI: -3.83% Traditional ROI: -0.13%
735 Pilot Lane unit: 1004 #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: -2.84% Traditional cash on cash: -0.43% Airbnb Rental Income: $786 Traditional Rental Income: $2403 Airbnb ROI: -2.84% Traditional ROI: -0.43%
140 UTOPIA CIRCLE Merritt Island, FL Luxury coastal living on 1-acre + a boat slip in Merritt Island. This home has it all: 4 b...	4 beds \| 4 baths \| 3,194 sq.ft.	$1,289,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 2.43% Airbnb Rental Income: $2133 Traditional Rental Income: $5120 Airbnb ROI: -0.52% Traditional ROI: 2.43%
130 Moore Avenue Merritt Island, FL South Merritt Island home with 3 bedrooms and 2 baths. Washer and dryer included too. Clos...	3 beds \| 2 baths \| 1,000 sq.ft.	$285,000	Airbnb cash on cash: 2.49% Traditional cash on cash: 4.59% Airbnb Rental Income: $1761 Traditional Rental Income: $1843 Airbnb ROI: 2.49% Traditional ROI: 4.59%
735 Pilot Lane unit: 814 #814 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 4 baths \| 1,632 sq.ft.	$860,000	Airbnb cash on cash: -1.83% Traditional cash on cash: 0.03% Airbnb Rental Income: $1761 Traditional Rental Income: $2768 Airbnb ROI: -1.83% Traditional ROI: 0.03%
1585 Anchor Lane Merritt Island, FL Move-in ready and minutes from the beach, river, and Port Canaveral! This updated Merritt ...	3 beds \| 2 baths \| 1,224 sq.ft.	$305,000	Airbnb cash on cash: 1.92% Traditional cash on cash: 4.42% Airbnb Rental Income: $1761 Traditional Rental Income: $1995 Airbnb ROI: 1.92% Traditional ROI: 4.42%
1220 Robin Drive Merritt Island, FL Settle into this cozy and clean little dollhouse nestled in the peaceful and quiet South M...	3 beds \| 1 baths \| 988 sq.ft.	$237,500	Airbnb cash on cash: 3.26% Traditional cash on cash: 6.26% Airbnb Rental Income: $1761 Traditional Rental Income: $1953 Airbnb ROI: 3.26% Traditional ROI: 6.26%
1500 Dorsal Street Merritt Island, FL Don't miss this beautifully updated home right in the heart of Merritt Island with not one...	4 beds \| 3 baths \| 1,943 sq.ft.	$444,980	Airbnb cash on cash: 1.99% Traditional cash on cash: 5.57% Airbnb Rental Income: $2133 Traditional Rental Income: $3082 Airbnb ROI: 1.99% Traditional ROI: 5.57%
1244 Lynne Drive Merritt Island, FL Tucked away on a quiet street in South Merritt Island, this move-in ready home offers rece...	3 beds \| 2 baths \| 1,385 sq.ft.	$375,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 5.29% Airbnb Rental Income: $1761 Traditional Rental Income: $2360 Airbnb ROI: 2.22% Traditional ROI: 5.29%
735 Pilot Lane unit: 611 #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: -3.45% Traditional cash on cash: -0.24% Airbnb Rental Income: $786 Traditional Rental Income: $2403 Airbnb ROI: -3.45% Traditional ROI: -0.24%
735 Pilot Lane unit: 812 #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: -3.13% Traditional cash on cash: -0.49% Airbnb Rental Income: $786 Traditional Rental Income: $2296 Airbnb ROI: -3.13% Traditional ROI: -0.49%
735 Pilot Lane unit: 908 #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: -1.85% Traditional cash on cash: -0.53% Airbnb Rental Income: $1761 Traditional Rental Income: $3173 Airbnb ROI: -1.85% Traditional ROI: -0.53%
1390 Island Drive Merritt Island, FL Fully renovated 3 bed, 2 bath Merritt Island canal-front home with over 1,900 sq ft . Enjo...	3 beds \| 2 baths \| 1,935 sq.ft.	$679,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 2.54% Airbnb Rental Income: $1761 Traditional Rental Income: $2908 Airbnb ROI: -0.03% Traditional ROI: 2.54%
1635 Sandpiper Street Merritt Island, FL Imagine starting your morning poolside, coffee in hand, as dolphins swim by in the river. ...	5 beds \| 3 baths \| 2,496 sq.ft.	$750,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 3.42% Airbnb Rental Income: $2332 Traditional Rental Income: $3500 Airbnb ROI: 0.93% Traditional ROI: 3.42%
4760 Honeyridge Lane Merritt Island, FL Nestled atop the serene and sought-after Honeymoon Hill, this extraordinary 5 bedroom, 5.5...	5 beds \| 6 baths \| 6,371 sq.ft.	$4,995,000	Airbnb cash on cash: -0.94% Traditional cash on cash: -1.03% Airbnb Rental Income: $2332 Traditional Rental Income: $1362 Airbnb ROI: -0.94% Traditional ROI: -1.03%
535 BARRETT DRIVE Merritt Island, FL BACK ON MARKET - BUYER FINANCING FELL THROUGH See dolphins and manatees right outside ...	3 beds \| 2 baths \| 1,350 sq.ft.	$459,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 3.28% Airbnb Rental Income: $1761 Traditional Rental Income: $2452 Airbnb ROI: 0.56% Traditional ROI: 3.28%
735 Pilot Lane unit: 606 #606 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.	$662,460	Airbnb cash on cash: -2.87% Traditional cash on cash: 0.87% Airbnb Rental Income: $786 Traditional Rental Income: $2779 Airbnb ROI: -2.87% Traditional ROI: 0.87%
735 Pilot Lane unit: 614 #614 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 4 baths \| 1,632 sq.ft.	$789,750	Airbnb cash on cash: -1.59% Traditional cash on cash: 0.91% Airbnb Rental Income: $1761 Traditional Rental Income: $3121 Airbnb ROI: -1.59% Traditional ROI: 0.91%
735 Pilot Lane unit: 603 #603 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.	$662,460	Airbnb cash on cash: -2.87% Traditional cash on cash: 0.87% Airbnb Rental Income: $786 Traditional Rental Income: $2779 Airbnb ROI: -2.87% Traditional ROI: 0.87%
735 Pilot Lane unit: 408 #408 Merritt Island, FL ntroducing a one-of-a-kind living experience tailored for those who cherish the skies and ...	2 beds \| 2 baths \| 2,178 sq.ft.	$1,123,500	Airbnb cash on cash: -2.41% Traditional cash on cash: 0.54% Airbnb Rental Income: $786 Traditional Rental Income: $3548 Airbnb ROI: -2.41% Traditional ROI: 0.54%
140 Brandy Lane Merritt Island, FL Welcome to this rare 4-bedroom, 2-bathroom pool home in the highly sought-after Merritt Is...	4 beds \| 2 baths \| 1,416 sq.ft.	$350,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 4.53% Airbnb Rental Income: $2133 Traditional Rental Income: $2245 Airbnb ROI: 2.53% Traditional ROI: 4.53%
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.	$229,000	Airbnb cash on cash: 3.08% Traditional cash on cash: 6.46% Airbnb Rental Income: $1761 Traditional Rental Income: $2011 Airbnb ROI: 3.08% Traditional ROI: 6.46%
5140 Del Sol Drive Merritt Island, FL West Indies-style estate on 1.61 acres in Merritt Island! This custom home offers a chef's...	4 beds \| 5 baths \| 4,188 sq.ft.	$2,495,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 0.64% Airbnb Rental Income: $2133 Traditional Rental Income: $4130 Airbnb ROI: -0.46% Traditional ROI: 0.64%
4250 Blossom Circle Merritt Island, FL Beautifully updated Spanish Mediterranean residence located in the highly sought after Cro...	4 beds \| 3 baths \| 2,930 sq.ft.	$910,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 2.68% Airbnb Rental Income: $2133 Traditional Rental Income: $3536 Airbnb ROI: 0.38% Traditional ROI: 2.68%
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.	$600,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 1.09% Airbnb Rental Income: $1761 Traditional Rental Income: $1788 Airbnb ROI: 0.18% Traditional ROI: 1.09%
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: 0.88% Traditional cash on cash: 3.06% Airbnb Rental Income: $1761 Traditional Rental Income: $2198 Airbnb ROI: 0.88% Traditional ROI: 3.06%
11430 S Tropical Trail Merritt Island, FL This unique property features double river frontage with dock access on both the Banana Ri...	3 beds \| 2 baths \| 1,927 sq.ft.	$1,450,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 0.59% Airbnb Rental Income: $1761 Traditional Rental Income: $2790 Airbnb ROI: -0.53% Traditional ROI: 0.59%
225 S Tropical Trail unit: 423 #423 Merritt Island, FL RENOVATED!! New luxury vinyl plank floors! Fresh interior paint! Updated kitchen with new ...	1 beds \| 1 baths \| 708 sq.ft.	$159,900	Airbnb cash on cash: -0.75% Traditional cash on cash: 4.25% Airbnb Rental Income: $1090 Traditional Rental Income: $1483 Airbnb ROI: -0.75% Traditional ROI: 4.25%
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.	$1,399,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 2.72% Airbnb Rental Income: $2332 Traditional Rental Income: $5924 Airbnb ROI: -0.49% Traditional ROI: 2.72%
200 S Sykes Creek Parkway unit: A105 #A105 Merritt Island, FL Luxury riverfront living at Merritt Towers! This beautifully maintained 2-bedroom, 2-bath ...	2 beds \| 2 baths \| 1,269 sq.ft.	$289,000	Airbnb cash on cash: -3.27% Traditional cash on cash: 3.17% Airbnb Rental Income: $786 Traditional Rental Income: $2219 Airbnb ROI: -3.27% Traditional ROI: 3.17%
300 S Sykes Creek Parkway unit: 204 #204 Merritt Island, FL Merritt Towers is a meticulously maintained, professionally managed 224-unit condominium c...	1 beds \| 1 baths \| 984 sq.ft.	$204,900	Airbnb cash on cash: -3.46% Traditional cash on cash: 1.2% Airbnb Rental Income: $1090 Traditional Rental Income: $1624 Airbnb ROI: -3.46% Traditional ROI: 1.2%

Real Estate investment in Merritt-island, FL

There are 166 properties for sale in the city of Merritt Island . The median list price in Merritt Island is $479,000 and the average price per square foot is $249. In January 2026, the average monthly cash on cash return in Merritt Island is 3.00%. The average monthly rental income in Merritt Island is $2,261.

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

There are 166 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 $2,261.

Your search for investment property begins and ends here

Investment Property for Sale in Merritt Island, FL

4297 Crooked Mile Road

Merritt Island, FL

5 beds | 5 baths | 5,535 sq.ft.

$3,100,000

Airbnb cash on cash: -1.01%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $2332

Traditional Rental Income: $7461

Airbnb ROI: -1.01%

Traditional ROI: 0.98%

480 N Banana River Drive

Merritt Island, FL

3 beds | 2 baths | 1,721 sq.ft.

$359,000

Airbnb cash on cash: 1.86%

Traditional cash on cash: 5.06%

Airbnb Rental Income: $1761

Traditional Rental Income: $2357

Airbnb ROI: 1.86%

Traditional ROI: 5.06%

1040 CARRIGAN BOULEVARD

Merritt Island, FL

4 beds | 3 baths | 2,226 sq.ft.

$659,990

Airbnb cash on cash: 0.69%

Traditional cash on cash: 4.38%

Airbnb Rental Income: $2133

Traditional Rental Income: $3859

Airbnb ROI: 0.69%

Traditional ROI: 4.38%

735 Pilot Lane unit: 314 #314

Merritt Island, FL

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

$745,000

Airbnb cash on cash: -1.96%

Traditional cash on cash: 0.31%

Airbnb Rental Income: $1761

Traditional Rental Income: $2854

Airbnb ROI: -1.96%

Traditional ROI: 0.31%

1505 Eddy Street

Merritt Island, FL

3 beds | 2 baths | 1,425 sq.ft.

$369,000

Airbnb cash on cash: 1.74%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $1761

Traditional Rental Income: $2139

Airbnb ROI: 1.74%

Traditional ROI: 4.23%

106 VICTORIA STREET

Merritt Island, FL

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

$2,500,000

Airbnb cash on cash: -0.89%

Traditional cash on cash: 0.72%

Airbnb Rental Income: $2133

Traditional Rental Income: $5332

Airbnb ROI: -0.89%

Traditional ROI: 0.72%

9490 S Tropical Trail

Merritt Island, FL

5 beds | 6 baths | 4,906 sq.ft.

$6,495,000

Airbnb cash on cash: -1.31%

Traditional cash on cash: -0.42%

Airbnb Rental Income: $2332

Traditional Rental Income: $7087

Airbnb ROI: -1.31%

Traditional ROI: -0.42%

1685 Savana Drive

Merritt Island, FL

5 beds | 4 baths | 2,523 sq.ft.

$400,000

Airbnb cash on cash: 2.45%

Traditional cash on cash: 10.33%

Airbnb Rental Income: $2332

Traditional Rental Income: $4710

Airbnb ROI: 2.45%