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: 4.4% Airbnb Rental Income: $2463 Traditional Rental Income: $2209 Airbnb ROI: 3.37% Traditional ROI: 4.4%
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: 3.45% Airbnb Rental Income: $3959 Traditional Rental Income: $3878 Airbnb ROI: 2.4% Traditional ROI: 3.45%
430 Breakwater Drive unit: 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.	$160,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 5.27% Airbnb Rental Income: $995 Traditional Rental Income: $1596 Airbnb ROI: -0.98% Traditional ROI: 5.27%
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: 5.37% Airbnb Rental Income: $3959 Traditional Rental Income: $2346 Airbnb ROI: 7.85% Traditional ROI: 5.37%
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: 5.33% Airbnb Rental Income: $3959 Traditional Rental Income: $3772 Airbnb ROI: 4.02% Traditional ROI: 5.33%
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: 2.07% Airbnb Rental Income: $3959 Traditional Rental Income: $4136 Airbnb ROI: 1.07% Traditional ROI: 2.07%
135 Richland Avenue Merritt Island, FL Beautiful Pool Home with Canal Access - Move-In Ready, Fully Furnished & Turnkey. Welcome ...	3 beds \| 2 baths \| 1,414 sq.ft.	$489,900	Airbnb cash on cash: 1.72% Traditional cash on cash: 4.41% Airbnb Rental Income: $2463 Traditional Rental Income: $3095 Airbnb ROI: 1.72% Traditional ROI: 4.41%
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: 1.35% Airbnb Rental Income: $2463 Traditional Rental Income: $3658 Airbnb ROI: -1.23% Traditional ROI: 1.35%
4341 Timothy Drive Merritt Island, FL Move-in ready home in a lovely gated 55+ community. Perfect for mom or dad with a walk-in ...	3 beds \| 2 baths \| 1,622 sq.ft.	$319,900	Airbnb cash on cash: 1.52% Traditional cash on cash: 3.46% Airbnb Rental Income: $2463 Traditional Rental Income: $2448 Airbnb ROI: 1.52% Traditional ROI: 3.46%
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: 1.28% Airbnb Rental Income: $3959 Traditional Rental Income: $6642 Airbnb ROI: -0.24% Traditional ROI: 1.28%
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: -1.33% Traditional cash on cash: -0.08% Airbnb Rental Income: $2161 Traditional Rental Income: $9162 Airbnb ROI: -1.33% Traditional ROI: -0.08%
1345 Leslie Drive Merritt Island, FL This jaw-dropping home is definitely one of a kind and is move-in ready! SEPTIC, TANKLESS ...	4 beds \| 2 baths \| 2,048 sq.ft.	$650,000	Airbnb cash on cash: 3.32% Traditional cash on cash: 2.63% Airbnb Rental Income: $3959 Traditional Rental Income: $2690 Airbnb ROI: 3.32% Traditional ROI: 2.63%
405 Norwood Street Merritt Island, FL There's No Place Like Home! And, this MCM cottage is simply adorable and move in ready wit...	3 beds \| 2 baths \| 1,282 sq.ft.	$319,000	Airbnb cash on cash: 4.14% Traditional cash on cash: 5.5% Airbnb Rental Income: $2463 Traditional Rental Income: $2272 Airbnb ROI: 4.14% Traditional ROI: 5.5%
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: 1.17% Airbnb Rental Income: $995 Traditional Rental Income: $3145 Airbnb ROI: -3.62% Traditional ROI: 1.17%
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: 0.25% Airbnb Rental Income: $995 Traditional Rental Income: $3012 Airbnb ROI: -2.7% Traditional ROI: 0.25%
480 Sail Lane unit: 705 Merritt Island, FL From the moment you step through the door, endless Intracoastal Waterway views unfold befo...	3 beds \| 2 baths \| 2,048 sq.ft.	$534,953	Airbnb cash on cash: 1.58% Traditional cash on cash: 4.5% Airbnb Rental Income: $2463 Traditional Rental Income: $3320 Airbnb ROI: 1.58% Traditional ROI: 4.5%
140 UTOPIA CIRCLE Merritt Island, FL Under contract-accepting backup offers. Luxury coastal living on 1-acre + a boat slip in M...	4 beds \| 4 baths \| 3,194 sq.ft.	$1,198,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 3.24% Airbnb Rental Income: $3959 Traditional Rental Income: $5733 Airbnb ROI: 0.88% Traditional ROI: 3.24%
2097 Hidden Grove Lane unit: 209 Merritt Island, FL REDUCED! Just 189,000 for a very spacious 3 bedrooms, 2 full bathroom with a private garag...	3 beds \| 2 baths \| 1,530 sq.ft.	$189,000	Airbnb cash on cash: 4.08% Traditional cash on cash: 7.32% Airbnb Rental Income: $2463 Traditional Rental Income: $2446 Airbnb ROI: 4.08% Traditional ROI: 7.32%
104 PARROTFISH LANE #104 Merritt Island, FL Stunning Waterfront Townhome in in the Beautiful Cape Crossing Resort and Marina. Welcome ...	3 beds \| 3 baths \| 1,487 sq.ft.	$479,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 1.82% Airbnb Rental Income: $2463 Traditional Rental Income: $2704 Airbnb ROI: -0.06% Traditional ROI: 1.82%
2245 SYKES CREEK DRIVE Merritt Island, FL Under contract-accepting backup offers. Beautiful 3-bedroom, 2-bathroom home situated in a...	3 beds \| 2 baths \| 2,217 sq.ft.	$575,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 3.71% Airbnb Rental Income: $2463 Traditional Rental Income: $3113 Airbnb ROI: 1.38% Traditional ROI: 3.71%
330 Melbourne Avenue Merritt Island, FL NO HOA, centrally located, closed to schools, shopping, dining and local parks. Short driv...	3 beds \| 2 baths \| 1,708 sq.ft.	$270,000	Airbnb cash on cash: 4.61% Traditional cash on cash: 7.94% Airbnb Rental Income: $2463 Traditional Rental Income: $2714 Airbnb ROI: 4.61% Traditional ROI: 7.94%
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: 4.11% Airbnb Rental Income: $995 Traditional Rental Income: $1770 Airbnb ROI: 0.07% Traditional ROI: 4.11%
904 Westwood Drive Merritt Island, FL PRICE REDUCTION! Affordable and Move-in ready Merritt Island gem! This beautifully maintai...	3 beds \| 2 baths \| 1,008 sq.ft.	$279,000	Airbnb cash on cash: 5.5% Traditional cash on cash: 6.19% Airbnb Rental Income: $2463 Traditional Rental Income: $2046 Airbnb ROI: 5.5% Traditional ROI: 6.19%
390 WAINAI Drive Merritt Island, FL Click virtual tour to see video! Fully Furnished Waterfront Living - Boat, Dock, Pool & Fu...	4 beds \| 2 baths \| 2,660 sq.ft.	$1,495,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 1.6% Airbnb Rental Income: $3959 Traditional Rental Income: $4256 Airbnb ROI: 0.78% Traditional ROI: 1.6%
227 Norwich Street Merritt Island, FL Welcome home to your waterfront gorgeous 4 bedroom, 3 bath, 3 way split open floor plan in...	4 beds \| 3 baths \| 2,428 sq.ft.	$760,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 3.67% Airbnb Rental Income: $3959 Traditional Rental Income: $4133 Airbnb ROI: 2.22% Traditional ROI: 3.67%
1855 SANDBAR DRIVE Merritt Island, FL Under contract-accepting backup offers. Located in the desirable Waterway Manor community ...	4 beds \| 2 baths \| 1,372 sq.ft.	$485,000	Airbnb cash on cash: 4.78% Traditional cash on cash: 3.41% Airbnb Rental Income: $3959 Traditional Rental Income: $2489 Airbnb ROI: 4.78% Traditional ROI: 3.41%
347 W Merritt Avenue Merritt Island, FL Exciting Investment Opportunity! Formerly a triplex, this property has been converted into...	4 beds \| N/A baths \| 2,243 sq.ft.	$395,000	Airbnb cash on cash: 6.32% Traditional cash on cash: 3.92% Airbnb Rental Income: $3959 Traditional Rental Income: $2222 Airbnb ROI: 6.32% Traditional ROI: 3.92%
590 S Banana River Drive unit: 302 Merritt Island, FL WATERFRONT CONDO WITH YOUR OWN PRIVATE BOAT SLIP!! This awesome riverfront condo is a drea...	3 beds \| 3 baths \| 1,779 sq.ft.	$539,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 1.83% Airbnb Rental Income: $2463 Traditional Rental Income: $2977 Airbnb ROI: -0.38% Traditional ROI: 1.83%
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: 0.79% Airbnb Rental Income: $995 Traditional Rental Income: $3091 Airbnb ROI: -3.27% Traditional ROI: 0.79%
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: 0.59% Airbnb Rental Income: $995 Traditional Rental Income: $3113 Airbnb ROI: -2.97% Traditional ROI: 0.59%
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: 0.14% Airbnb Rental Income: $2463 Traditional Rental Income: $4234 Airbnb ROI: -1.52% Traditional ROI: 0.14%
5595 EAGLE WAY Merritt Island, FL Welcome to this well-maintained 4-bedroom, 2-bath home located in the heart of North Merri...	4 beds \| 2 baths \| 2,226 sq.ft.	$539,900	Airbnb cash on cash: 4.37% Traditional cash on cash: 5.76% Airbnb Rental Income: $3959 Traditional Rental Income: $3811 Airbnb ROI: 4.37% Traditional ROI: 5.76%
470 Sundoro Court Merritt Island, FL Welcome to 470 Sondoro Court, a well-positioned 4 bedroom, 2 bath waterfront home located ...	4 beds \| 2 baths \| 1,629 sq.ft.	$629,000	Airbnb cash on cash: 3.14% Traditional cash on cash: 3.81% Airbnb Rental Income: $3959 Traditional Rental Income: $3501 Airbnb ROI: 3.14% Traditional ROI: 3.81%
535 BARRETT DRIVE Merritt Island, FL Under contract-accepting backup offers. BACK ON MARKET - BUYER FINANCING FELL THROUGH ...	3 beds \| 2 baths \| 1,350 sq.ft.	$459,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 3.28% Airbnb Rental Income: $2463 Traditional Rental Income: $2452 Airbnb ROI: 1.92% Traditional ROI: 3.28%
1795 Dogwood Drive Merritt Island, FL This move-in-ready, fully furnished 3-bedroom, 2-bath pool home (with easy conversion pote...	3 beds \| 2 baths \| 1,762 sq.ft.	$399,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 3.98% Airbnb Rental Income: $2463 Traditional Rental Income: $2356 Airbnb ROI: 2.67% Traditional ROI: 3.98%
135 Artemis Boulevard Merritt Island, FL Gorgeous water frontage! Not only navigable, but a nice long view across the water... not ...	4 beds \| 2 baths \| 2,225 sq.ft.	$550,000	Airbnb cash on cash: 3.7% Traditional cash on cash: 4.93% Airbnb Rental Income: $3959 Traditional Rental Income: $3741 Airbnb ROI: 3.7% Traditional ROI: 4.93%
821 Del Rio Way unit: 301 #301 Merritt Island, FL Amazing opportunity to own in Harbor Del Rio, located in the heart of Merritt Island. This...	3 beds \| 2 baths \| 1,850 sq.ft.	$325,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 3.64% Airbnb Rental Income: $2463 Traditional Rental Income: $2662 Airbnb ROI: 1.02% Traditional ROI: 3.64%
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: 7.85% Airbnb Rental Income: $2463 Traditional Rental Income: $2229 Airbnb ROI: 6.08% Traditional ROI: 7.85%

Real Estate investment in Merritt-island, FL

There are 113 properties for sale in the city of Merritt Island . The median list price in Merritt Island is $474,000 and the average price per square foot is $245. 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 $2,259.

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

There are 113 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 $2,259.

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: 4.4%

Airbnb Rental Income: $2463

Traditional Rental Income: $2209

Airbnb ROI: 3.37%

Traditional ROI: 4.4%

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: 3.45%

Airbnb Rental Income: $3959

Traditional Rental Income: $3878

Airbnb ROI: 2.4%

Traditional ROI: 3.45%

430 Breakwater Drive unit: 29

Merritt Island, FL

2 beds | 2 baths | 894 sq.ft.

$160,000

Airbnb cash on cash: -0.98%

Traditional cash on cash: 5.27%

Airbnb Rental Income: $995

Traditional Rental Income: $1596

Airbnb ROI: -0.98%

Traditional ROI: 5.27%

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: 5.37%

Airbnb Rental Income: $3959

Traditional Rental Income: $2346

Airbnb ROI: 7.85%

Traditional ROI: 5.37%

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: 5.33%

Airbnb Rental Income: $3959

Traditional Rental Income: $3772

Airbnb ROI: 4.02%

Traditional ROI: 5.33%

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: 2.07%

Airbnb Rental Income: $3959

Traditional Rental Income: $4136

Airbnb ROI: 1.07%

Traditional ROI: 2.07%

135 Richland Avenue

Merritt Island, FL

3 beds | 2 baths | 1,414 sq.ft.

$489,900

Airbnb cash on cash: 1.72%

Traditional cash on cash: 4.41%

Airbnb Rental Income: $2463

Traditional Rental Income: $3095

Airbnb ROI: 1.72%

Traditional ROI: 4.41%

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: 1.35%

Airbnb Rental Income: $2463

Traditional Rental Income: $3658

Airbnb ROI: -1.23%