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: -0.4% Traditional cash on cash: -0.27% Airbnb Rental Income: $3755 Traditional Rental Income: $3312 Airbnb ROI: -0.4% Traditional ROI: -0.27%
730 Sara Jane Ln 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.	$190,000	Airbnb cash on cash: 3.48% Traditional cash on cash: 6.88% Airbnb Rental Income: $1598 Traditional Rental Income: $1757 Airbnb ROI: 3.48% Traditional ROI: 6.88%
750 Newfound Harbor Dr Merritt Island, FL Move right into this beautifully updated 3-bedroom, 2-bath home that combines modern comfo...	3 beds \| 2 baths \| 1,325 sq.ft.	$298,500	Airbnb cash on cash: 2.08% Traditional cash on cash: 5.9% Airbnb Rental Income: $1598 Traditional Rental Income: $2216 Airbnb ROI: 2.08% Traditional ROI: 5.9%
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: -0.03% Traditional cash on cash: 2.24% Airbnb Rental Income: $4548 Traditional Rental Income: $8861 Airbnb ROI: -0.03% Traditional ROI: 2.24%
9490 S Tropical Trl Merritt Island, FL A rare River-to-River estate on nearly 6.2 acres along prestigious S. Tropical Trail offer...	5 beds \| 5 baths \| 4,906 sq.ft.	$4,950,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 0.96% Airbnb Rental Income: $3755 Traditional Rental Income: $12618 Airbnb ROI: -1.15% Traditional ROI: 0.96%
520 E Merrimac Dr Merritt Island, FL Welcome home to this adorable, updated 3-bedroom, 2-bath, 1-car garage, canal-front retrea...	3 beds \| 2 baths \| 1,219 sq.ft.	$374,500	Airbnb cash on cash: 0.93% Traditional cash on cash: 3.91% Airbnb Rental Income: $1598 Traditional Rental Income: $2190 Airbnb ROI: 0.93% Traditional ROI: 3.91%
1500 S Harbor Dr Merritt Island, FL Welcome to 1500 S Harbor Drive, a beautifully remodeled canal-front home in the desirable ...	3 beds \| 2 baths \| 1,768 sq.ft.	$515,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 4.15% Airbnb Rental Income: $1598 Traditional Rental Income: $3044 Airbnb ROI: 0.2% Traditional ROI: 4.15%
135 S Kenneth Ct Merritt Island, FL Getting to the beach in 9 minutes? Yes, please! Experience the ultimate Florida lifestyle ...	2 beds \| 1 baths \| 958 sq.ft.	$297,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 4.88% Airbnb Rental Income: $1370 Traditional Rental Income: $1984 Airbnb ROI: 1.19% Traditional ROI: 4.88%
540 Barrett Dr Merritt Island, FL Welcome Home to Modern Comfort, Flexible Living and an Unbeatable Location! Discover the p...	4 beds \| 3 baths \| 2,110 sq.ft.	$529,900	Airbnb cash on cash: 5.44% Traditional cash on cash: 3.45% Airbnb Rental Income: $4548 Traditional Rental Income: $2617 Airbnb ROI: 5.44% Traditional ROI: 3.45%
1500 Glen Haven Dr Merritt Island, FL Welcome to Island living. Updated Merritt Island POOL home offers the perfect mix of comfo...	3 beds \| 2 baths \| 1,170 sq.ft.	$329,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 5.72% Airbnb Rental Income: $1598 Traditional Rental Income: $2535 Airbnb ROI: 1.22% Traditional ROI: 5.72%
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.	$560,000	Airbnb cash on cash: 5.11% Traditional cash on cash: 3.83% Airbnb Rental Income: $4548 Traditional Rental Income: $2920 Airbnb ROI: 5.11% Traditional ROI: 3.83%
115 Carib Dr Merritt Island, FL SHORT SALE Priced lower than appraisal. Bank approved price. Beautiful Merritt Island ...	3 beds \| 2 baths \| 1,548 sq.ft.	$275,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 6.15% Airbnb Rental Income: $1598 Traditional Rental Income: $2301 Airbnb ROI: 1.69% Traditional ROI: 6.15%
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: 0.55% Traditional cash on cash: 4.29% Airbnb Rental Income: $1598 Traditional Rental Income: $2713 Airbnb ROI: 0.55% Traditional ROI: 4.29%
1240 Colby Ln Merritt Island, FL Come check out this nicely updated home in Merritt Island featuring a great backyard that ...	4 beds \| 2 baths \| 1,562 sq.ft.	$370,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 3.28% Airbnb Rental Income: $1598 Traditional Rental Income: $1818 Airbnb ROI: 1.26% Traditional ROI: 3.28%
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.	$619,900	Airbnb cash on cash: 4.09% Traditional cash on cash: 3.52% Airbnb Rental Income: $4548 Traditional Rental Income: $3265 Airbnb ROI: 4.09% Traditional ROI: 3.52%
150 Utopia Cir Merritt Island, FL You won't find a better DEAL in BREVARD County!! Discover one of the county's most unique ...	5 beds \| 4 baths \| 5,308 sq.ft.	$1,149,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 4.39% Airbnb Rental Income: $3755 Traditional Rental Income: $6021 Airbnb ROI: 1.51% Traditional ROI: 4.39%
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: 0.32% Traditional cash on cash: 5.27% Airbnb Rental Income: $1598 Traditional Rental Income: $3850 Airbnb ROI: 0.32% Traditional ROI: 5.27%
2885 S Tropical Trl 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: -0.07% Traditional cash on cash: 2.6% Airbnb Rental Income: $1598 Traditional Rental Income: $3253 Airbnb ROI: -0.07% Traditional ROI: 2.6%
327 S Tropical Trl 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: 2.21% Traditional cash on cash: 3.37% Airbnb Rental Income: $4548 Traditional Rental Income: $4692 Airbnb ROI: 2.21% 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.	$619,000	Airbnb cash on cash: 0% Traditional cash on cash: 5.5% Airbnb Rental Income: $1598 Traditional Rental Income: $4322 Airbnb ROI: 0% Traditional ROI: 5.5%
160 Bounty St #A1-101 Merritt Island, FL PRICE IMPROVEMENT! Have you always dreamed of inexpensive living near the beach? Look no ...	2 beds \| 1 baths \| 704 sq.ft.	$114,500	Airbnb cash on cash: 0.58% Traditional cash on cash: 8.01% Airbnb Rental Income: $1370 Traditional Rental Income: $1775 Airbnb ROI: 0.58% Traditional ROI: 8.01%
250 N Banana River Dr #J8 Merritt Island, FL Grand opportunity to own a 2 BEDROOM UNIT with direct views of the CANAL! This unit is rea...	2 beds \| 1 baths \| 912 sq.ft.	$170,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 4.02% Airbnb Rental Income: $1370 Traditional Rental Income: $1620 Airbnb ROI: -0.1% Traditional ROI: 4.02%
250 N Banana River Dr #G8 Merritt Island, FL TWO BEDROOM partially remodeled unit on the second floor. The kitchen has granite tops and...	2 beds \| 1 baths \| 912 sq.ft.	$165,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 4.86% Airbnb Rental Income: $1370 Traditional Rental Income: $1620 Airbnb ROI: 0.62% Traditional ROI: 4.86%
250 N Banana River Dr #B15 Merritt Island, FL Don't miss an opportunity to own a TWO BEDROOM unit on the FIRST FLOOR. Unit features tile...	2 beds \| 1 baths \| 912 sq.ft.	$170,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 3.5% Airbnb Rental Income: $1370 Traditional Rental Income: $1413 Airbnb ROI: 0.66% Traditional ROI: 3.5%
200 Bounty St #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: 4.31% Traditional cash on cash: 9.63% Airbnb Rental Income: $1598 Traditional Rental Income: $2029 Airbnb ROI: 4.31% Traditional ROI: 9.63%
2245 Chevalier Pl 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.	$712,900	Airbnb cash on cash: -0.02% Traditional cash on cash: 2.89% Airbnb Rental Income: $1598 Traditional Rental Income: $3078 Airbnb ROI: -0.02% Traditional ROI: 2.89%
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: -0.43% Traditional cash on cash: 2.14% Airbnb Rental Income: $1598 Traditional Rental Income: $1596 Airbnb ROI: -0.43% Traditional ROI: 2.14%
1225 Faulkingham Rd Merritt Island, FL *Rare Riverfront Sanctuary \| 100' Frontage \| No HOA \| Â½ Acre Private Lot, The Ultimate Fl...	3 beds \| 2 baths \| 2,776 sq.ft.	$1,299,982	Airbnb cash on cash: -0.19% Traditional cash on cash: 1.59% Airbnb Rental Income: $1598 Traditional Rental Income: $3294 Airbnb ROI: -0.19% Traditional ROI: 1.59%
225 S Tropical Trl #605 Merritt Island, FL Experience the Florida lifestyle in this move-in ready second-floor condo located in the g...	2 beds \| 1 baths \| 962 sq.ft.	$175,000	Airbnb cash on cash: 2.84% Traditional cash on cash: 5.23% Airbnb Rental Income: $1370 Traditional Rental Income: $1351 Airbnb ROI: 2.84% Traditional ROI: 5.23%
375 Nora Ave Merritt Island, FL Welcome to 375 Nora Ave, a home that exudes elegance and comfort. The kitchen island is a ...	5 beds \| 3 baths \| 3,299 sq.ft.	$688,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 3.35% Airbnb Rental Income: $3755 Traditional Rental Income: $3559 Airbnb ROI: 2.39% Traditional ROI: 3.35%
1760 Harbor Oaks Pl Merritt Island, FL Welcome to this beautifully renovated 5-bedroom, 2.5-bathroom home in the heart of Merritt...	5 beds \| 2 baths \| 2,767 sq.ft.	$499,900	Airbnb cash on cash: 4.02% Traditional cash on cash: 5.19% Airbnb Rental Income: $3755 Traditional Rental Income: $3490 Airbnb ROI: 4.02% Traditional ROI: 5.19%
1270 Shady Lane Merritt Island, FL Welcome to 1270 Shady Lane, Merritt Island! Situated on a spacious 0.34-acre lot in a conv...	3 beds \| 2 baths \| 1,926 sq.ft.	$449,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 4.99% Airbnb Rental Income: $1598 Traditional Rental Income: $2735 Airbnb ROI: 1.21% Traditional ROI: 4.99%
185 Treasure St #B2-105 Merritt Island, FL BRING YOUR BOAT...4 MILES TO THE BEACH SURROUNDED BY RIVERS! A much sought after First Flo...	2 beds \| 1 baths \| 704 sq.ft.	$119,000	Airbnb cash on cash: 6.09% Traditional cash on cash: 10.82% Airbnb Rental Income: $1370 Traditional Rental Income: $1496 Airbnb ROI: 6.09% Traditional ROI: 10.82%
1425 Glen Haven Dr 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.	$509,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 5.01% Airbnb Rental Income: $1370 Traditional Rental Income: $3521 Airbnb ROI: -0.39% Traditional ROI: 5.01%
200 S Banana River Drive #B9 Merritt Island, FL Offering 2 bedrooms, 2 bathrooms, and 790 square feet of living space, this model delivers...	2 beds \| 2 baths \| N/A	$179,800	Airbnb cash on cash: 3.15% Traditional cash on cash: 9.38% Airbnb Rental Income: $1370 Traditional Rental Income: $2019 Airbnb ROI: 3.15% Traditional ROI: 9.38%
300 Waterfront Ave Merritt Island, FL Stop paying dock fees! Here's your opportunity to own a home with 180 feet of direct water...	3 beds \| 2 baths \| 1,560 sq.ft.	$169,000	Airbnb cash on cash: 5.48% Traditional cash on cash: 11.78% Airbnb Rental Income: $1598 Traditional Rental Income: $2158 Airbnb ROI: 5.48% Traditional ROI: 11.78%
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: 4.12% Traditional cash on cash: 9.81% Airbnb Rental Income: $1370 Traditional Rental Income: $1770 Airbnb ROI: 4.12% 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: 0.08% Traditional cash on cash: 1.47% Airbnb Rental Income: $3755 Traditional Rental Income: $6418 Airbnb ROI: 0.08% Traditional ROI: 1.47%
1380 Mackeral Ave Merritt Island, FL GORGEOUS 3 bBedrooms/ 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: 1.25% Traditional cash on cash: 4.51% Airbnb Rental Income: $1598 Traditional Rental Income: $2287 Airbnb ROI: 1.25% 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.	$1,125,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 2.94% Airbnb Rental Income: $3755 Traditional Rental Income: $5254 Airbnb ROI: 0.73% Traditional ROI: 2.94%

Real Estate investment in Merritt-island, FL

There are 238 properties for sale in the city of Merritt Island . The median list price in Merritt Island is $418,250 and the average price per square foot is $223. In July 2026, the average monthly cash on cash return in Merritt Island is 3.00%. The average monthly rental income in Merritt Island is $2,191.

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

There are 238 investment properties available for sale in Merritt-island.

The ROI for Long-Term is higher than the Short-Term in Merritt-island with average rental income of $2,191.

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: -0.4%

Traditional cash on cash: -0.27%

Airbnb Rental Income: $3755

Traditional Rental Income: $3312

Airbnb ROI: -0.4%

Traditional ROI: -0.27%

730 Sara Jane Ln

Merritt Island, FL

3 beds | 1 baths | 896 sq.ft.

$190,000

Airbnb cash on cash: 3.48%

Traditional cash on cash: 6.88%

Airbnb Rental Income: $1598

Traditional Rental Income: $1757

Airbnb ROI: 3.48%

Traditional ROI: 6.88%

750 Newfound Harbor Dr

Merritt Island, FL

3 beds | 2 baths | 1,325 sq.ft.

$298,500

Airbnb cash on cash: 2.08%

Traditional cash on cash: 5.9%

Airbnb Rental Income: $1598

Traditional Rental Income: $2216

Airbnb ROI: 2.08%

Traditional ROI: 5.9%

106 Victoria St

Merritt Island, FL

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

$2,500,000

Airbnb cash on cash: -0.03%

Traditional cash on cash: 2.24%

Airbnb Rental Income: $4548

Traditional Rental Income: $8861

Airbnb ROI: -0.03%

Traditional ROI: 2.24%

9490 S Tropical Trl

Merritt Island, FL

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

$4,950,000

Airbnb cash on cash: -1.15%

Traditional cash on cash: 0.96%

Airbnb Rental Income: $3755

Traditional Rental Income: $12618

Airbnb ROI: -1.15%

Traditional ROI: 0.96%

520 E Merrimac Dr

Merritt Island, FL

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

$374,500

Airbnb cash on cash: 0.93%

Traditional cash on cash: 3.91%

Airbnb Rental Income: $1598

Traditional Rental Income: $2190

Airbnb ROI: 0.93%

Traditional ROI: 3.91%

1500 S Harbor Dr

Merritt Island, FL

3 beds | 2 baths | 1,768 sq.ft.

$515,000

Airbnb cash on cash: 0.2%

Traditional cash on cash: 4.15%

Airbnb Rental Income: $1598

Traditional Rental Income: $3044

Airbnb ROI: 0.2%

Traditional ROI: 4.15%

135 S Kenneth Ct

Merritt Island, FL

2 beds | 1 baths | 958 sq.ft.

$297,000

Airbnb cash on cash: 1.19%

Traditional cash on cash: 4.88%

Airbnb Rental Income: $1370

Traditional Rental Income: $1984

Airbnb ROI: 1.19%