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.

Condos for Sale in Merritt Island, FL

Search for Condo for Sale in Merritt Island, Florida. Browse all of Mashvisor’s Condo listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 38 Condo listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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 \| N/A baths \| 1,715 sq.ft.	$745,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 0.31% Airbnb Rental Income: $3901 Traditional Rental Income: $2854 Airbnb ROI: 0.61% Traditional ROI: 0.31%
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: -1.05% Traditional cash on cash: -0.13% Airbnb Rental Income: $2528 Traditional Rental Income: $2403 Airbnb ROI: -1.05% 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: -1.03% Traditional cash on cash: -0.43% Airbnb Rental Income: $2528 Traditional Rental Income: $2403 Airbnb ROI: -1.03% Traditional ROI: -0.43%
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 \| N/A baths \| 1,632 sq.ft.	$860,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 0.03% Airbnb Rental Income: $3901 Traditional Rental Income: $2768 Airbnb ROI: 0.39% Traditional ROI: 0.03%
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: -1.04% Traditional cash on cash: -0.24% Airbnb Rental Income: $2528 Traditional Rental Income: $2403 Airbnb ROI: -1.04% 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: -1.04% Traditional cash on cash: -0.49% Airbnb Rental Income: $2528 Traditional Rental Income: $2296 Airbnb ROI: -1.04% 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 \| N/A baths \| 2,178 sq.ft.	$1,540,000	Airbnb cash on cash: -0.61% Traditional cash on cash: -0.53% Airbnb Rental Income: $3901 Traditional Rental Income: $3173 Airbnb ROI: -0.61% Traditional ROI: -0.53%
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: -0.52% Traditional cash on cash: 0.87% Airbnb Rental Income: $2528 Traditional Rental Income: $2779 Airbnb ROI: -0.52% 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 \| N/A baths \| 1,632 sq.ft.	$789,750	Airbnb cash on cash: 0.83% Traditional cash on cash: 0.91% Airbnb Rental Income: $3901 Traditional Rental Income: $3121 Airbnb ROI: 0.83% 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: -0.52% Traditional cash on cash: 0.87% Airbnb Rental Income: $2528 Traditional Rental Income: $2779 Airbnb ROI: -0.52% 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 \| N/A baths \| 2,178 sq.ft.	$1,123,500	Airbnb cash on cash: -1.02% Traditional cash on cash: 0.54% Airbnb Rental Income: $2528 Traditional Rental Income: $3548 Airbnb ROI: -1.02% Traditional ROI: 0.54%
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.	$179,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 3.68% Airbnb Rental Income: $1770 Traditional Rental Income: $1483 Airbnb ROI: 2.53% Traditional ROI: 3.68%
200 S Sykes Creek Parkway unit: A105 #A105 Merritt Island, FL This 2 bedroom, 2 bath condo is located on the 1st floor for easy access to private carpor...	2 beds \| 2 baths \| 1,269 sq.ft.	$298,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 3.05% Airbnb Rental Income: $2528 Traditional Rental Income: $2219 Airbnb ROI: 1.97% Traditional ROI: 3.05%
550 S Banana River Drive unit: 101 #101 Merritt Island, FL WATERFRONT BEAUTY. THIS TASTFULLY UPDATED UNIT, OFFERS 3 BEDROOMS 3 BATHS, THE KITCHEN. HA...	3 beds \| 3 baths \| 2,238 sq.ft.	$584,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 2.16% Airbnb Rental Income: $3901 Traditional Rental Income: $3335 Airbnb ROI: 1.66% Traditional ROI: 2.16%
300 S Sykes Creek Parkway unit: 106 #106 Merritt Island, FL HUGE PRICE REDUCTION! Fantastic location -- near everything: new hospital, shopping, dinin...	3 beds \| 2 baths \| 1,909 sq.ft.	$464,900	Airbnb cash on cash: 2.93% Traditional cash on cash: 2.6% Airbnb Rental Income: $3901 Traditional Rental Income: $2915 Airbnb ROI: 2.93% Traditional ROI: 2.6%
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.	$219,900	Airbnb cash on cash: -0.57% Traditional cash on cash: 1.05% Airbnb Rental Income: $1770 Traditional Rental Income: $1624 Airbnb ROI: -0.57% Traditional ROI: 1.05%
250 N Banana River Dr. #F15 Merritt Island, FL FIRST FLOOR CONDO with BACK PORCH - 1Bedroom, 1Bath Condo at Treasure Coast Harbour Villas...	1 beds \| 1 baths \| 720 sq.ft.	$145,900	Airbnb cash on cash: 4.1% Traditional cash on cash: 5.5% Airbnb Rental Income: $1770 Traditional Rental Income: $1482 Airbnb ROI: 4.1% Traditional ROI: 5.5%
225 S Tropical Trail #414 Merritt Island, FL Water Front on First Floor, this 1 bedroom, 1 Bath condo is move-in ready. Sunset Bay is a...	1 beds \| 1 baths \| 541 sq.ft.	$179,900	Airbnb cash on cash: 2.86% Traditional cash on cash: 3.49% Airbnb Rental Income: $1770 Traditional Rental Income: $1394 Airbnb ROI: 2.86% Traditional ROI: 3.49%
250 S Sykes Creek Parkway unit: B109 #B109 Merritt Island, FL DIRECT WATERFRONT! Welcome home to Merritt Towers, a sought after waterfront community wit...	2 beds \| 2 baths \| 1,269 sq.ft.	$300,000	Airbnb cash on cash: 2.37% Traditional cash on cash: 3.62% Airbnb Rental Income: $2528 Traditional Rental Income: $2271 Airbnb ROI: 2.37% Traditional ROI: 3.62%
300 S Sykes Creek Parkway unit: 707 #707 Merritt Island, FL This 7th floor gated community offers breathtaking river views. Step inside this spacious ...	3 beds \| 2 baths \| 2,045 sq.ft.	$469,000	Airbnb cash on cash: 5.36% Traditional cash on cash: 5.46% Airbnb Rental Income: $3901 Traditional Rental Income: $3107 Airbnb ROI: 5.36% Traditional ROI: 5.46%
550 S Banana River Drive unit: 203 #203 Merritt Island, FL COME SEE THIS 3 BEDROOM 3 BATH CONDO OVER LOOKING A PRIVATE MARINA AND THE BANANA RIVER. T...	3 beds \| 3 baths \| 2,238 sq.ft.	$578,500	Airbnb cash on cash: 2.46% Traditional cash on cash: 3.01% Airbnb Rental Income: $3901 Traditional Rental Income: $3358 Airbnb ROI: 2.46% Traditional ROI: 3.01%
515 Landings Way unit: 77 #77 Merritt Island, FL Beautiful 2-bedroom, 2-bath condominium located in the desirable Harbor Woods community in...	2 beds \| 2 baths \| 977 sq.ft.	$150,000	Airbnb cash on cash: 7.24% Traditional cash on cash: 5.05% Airbnb Rental Income: $2528 Traditional Rental Income: $1603 Airbnb ROI: 7.24% Traditional ROI: 5.05%
250 S Sykes Creek Parkway unit: B309 #B309 Merritt Island, FL Welcome to Merritt Towers, a highly sought-after gated waterfront community centrally loca...	2 beds \| 2 baths \| 1,269 sq.ft.	$274,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 3.41% Airbnb Rental Income: $2528 Traditional Rental Income: $2265 Airbnb ROI: 2.07% Traditional ROI: 3.41%
200 S Sykes Creek Parkway unit: A102 #A102 Merritt Island, FL Experience waterfront living at its best! This direct riverfront 2-bedroom, 2-bath ground-...	2 beds \| 2 baths \| 1,269 sq.ft.	$285,000	Airbnb cash on cash: 4.55% Traditional cash on cash: 5.71% Airbnb Rental Income: $2528 Traditional Rental Income: $2229 Airbnb ROI: 4.55% Traditional ROI: 5.71%
200 S SYKES CREEK PARKWAY #A102 Merritt Island, FL Under contract-accepting backup offers. Experience waterfront living at its best! This dir...	2 beds \| 2 baths \| 1,269 sq.ft.	$285,000	Airbnb cash on cash: 2.05% Traditional cash on cash: 3.33% Airbnb Rental Income: $2528 Traditional Rental Income: $2262 Airbnb ROI: 2.05% Traditional ROI: 3.33%
202 IVORY CORAL LANE #507 Merritt Island, FL Welcome to Cape Crossing Resort and Marina, ideally situated in North Merritt Island along...	3 beds \| 2 baths \| 1,169 sq.ft.	$555,000	Airbnb cash on cash: 1.65% Traditional cash on cash: -0.08% Airbnb Rental Income: $3901 Traditional Rental Income: $2164 Airbnb ROI: 1.65% Traditional ROI: -0.08%
2097 Hidden Grove Lane unit: 209 #209 Merritt Island, FL HIGH CEILINGS & OPEN FLOW in this spacious condominium that is great for entertaining fami...	3 beds \| 2 baths \| 1,530 sq.ft.	$205,000	Airbnb cash on cash: 9.86% Traditional cash on cash: 5.75% Airbnb Rental Income: $3901 Traditional Rental Income: $2263 Airbnb ROI: 9.86% Traditional ROI: 5.75%
821 Del Rio Way #504 Merritt Island, FL Experience PENTHOUSE living at its finest! This 5th-floor residence offers panoramic views...	3 beds \| 2 baths \| 1,862 sq.ft.	$415,000	Airbnb cash on cash: 4.01% Traditional cash on cash: 2.43% Airbnb Rental Income: $3901 Traditional Rental Income: $2448 Airbnb ROI: 4.01% Traditional ROI: 2.43%
202 Ivory Coral Lane unit: 401 #401 Merritt Island, FL Welcome to Cape Crossing Resort and Marina, perfectly located in North Merritt Island alon...	4 beds \| 3 baths \| 1,896 sq.ft.	$830,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 0.47% Airbnb Rental Income: $3817 Traditional Rental Income: $2981 Airbnb ROI: 0.48% Traditional ROI: 0.47%
821 Del Rio Way unit: 301 #301 Merritt Island, FL Welcome to the beautiful condos of Harbor Del Rio in Merritt Island! This dream condo is n...	3 beds \| 2 baths \| 1,850 sq.ft.	$365,000	Airbnb cash on cash: 4.4% Traditional cash on cash: 2.32% Airbnb Rental Income: $3901 Traditional Rental Income: $2349 Airbnb ROI: 4.4% Traditional ROI: 2.32%
2135 N Courtenay Parkway unit: 110 #110 Merritt Island, FL Large 1 bedroom unit in 55+ community of Island Village avail now. Open floor plan with li...	1 beds \| 1 baths \| 939 sq.ft.	$160,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 4.02% Airbnb Rental Income: $1770 Traditional Rental Income: $1505 Airbnb ROI: 2.59% Traditional ROI: 4.02%
2097 Hidden Grove Lane unit: 105 #105 Merritt Island, FL Well maintained 3-bedroom, 2-bath first-floor condo with 1 car garage right in the heart o...	3 beds \| 2 baths \| 1,530 sq.ft.	$219,900	Airbnb cash on cash: 9.37% Traditional cash on cash: 5.22% Airbnb Rental Income: $3901 Traditional Rental Income: $2197 Airbnb ROI: 9.37% Traditional ROI: 5.22%
134 Starboard Lane unit: 404 #404 Merritt Island, FL Lowest price at $173.62 per SF makes this 3 bed, 2 bath direct river front condo the best ...	3 beds \| 2 baths \| 2,275 sq.ft.	$395,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 1.99% Airbnb Rental Income: $3901 Traditional Rental Income: $2980 Airbnb ROI: 2.21% Traditional ROI: 1.99%
343 N Tropical Trail unit: 306 #306 Merritt Island, FL Island Cove Waterfront Condo - Rare 2-Car Garage & Seller Financing Available Located in M...	2 beds \| 2 baths \| 1,423 sq.ft.	$449,500	Airbnb cash on cash: 0.82% Traditional cash on cash: 2.28% Airbnb Rental Income: $2528 Traditional Rental Income: $2530 Airbnb ROI: 0.82% Traditional ROI: 2.28%
801 Del Rio Way unit: 404 #404 Merritt Island, FL This spacious 3-bedroom, 2-bath condo offers an impressive 1,862 square feet of living spa...	3 beds \| 2 baths \| 1,862 sq.ft.	$425,000	Airbnb cash on cash: 3.89% Traditional cash on cash: 2.34% Airbnb Rental Income: $3901 Traditional Rental Income: $2444 Airbnb ROI: 3.89% Traditional ROI: 2.34%
500 Sail Lane unit: 203 #203 Merritt Island, FL Direct river w/ amazing sunset views from the most sought after building in Island Pointe!...	3 beds \| 2 baths \| 2,048 sq.ft.	$495,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 1.51% Airbnb Rental Income: $3901 Traditional Rental Income: $3000 Airbnb ROI: 1.64% Traditional ROI: 1.51%
134 Starboard Lane #309 Merritt Island, FL Welcome to your dream waterfront escape! This FULLY FURNISHED 3-bedroom, 2-bathroom condo ...	3 beds \| 2 baths \| 2,504 sq.ft.	$575,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 0.98% Airbnb Rental Income: $3901 Traditional Rental Income: $3074 Airbnb ROI: 0.96% Traditional ROI: 0.98%
2135 N Courtenay Parkway unit: 210 #210 Merritt Island, FL Consider this 1 bedroom, 1 bathroom condominium, situated within a 55+ community in the he...	1 beds \| 1 baths \| 939 sq.ft.	$149,900	Airbnb cash on cash: 3.59% Traditional cash on cash: 4.37% Airbnb Rental Income: $1770 Traditional Rental Income: $1398 Airbnb ROI: 3.59% Traditional ROI: 4.37%

Your search for investment property begins and ends here

Condos for Sale in Merritt Island, FL

735 Pilot Lane unit: 314 #314

Merritt Island, FL

3 beds | N/A baths | 1,715 sq.ft.

$745,000

Airbnb cash on cash: 0.61%

Traditional cash on cash: 0.31%

Airbnb Rental Income: $3901

Traditional Rental Income: $2854

Airbnb ROI: 0.61%

Traditional ROI: 0.31%

735 Pilot Lane unit: 510 #510

Merritt Island, FL

2 beds | 2 baths | 1,344 sq.ft.

$560,000

Airbnb cash on cash: -1.05%

Traditional cash on cash: -0.13%

Airbnb Rental Income: $2528

Traditional Rental Income: $2403

Airbnb ROI: -1.05%

Traditional ROI: -0.13%

735 Pilot Lane unit: 1004 #1004

Merritt Island, FL

2 beds | 2 baths | 1,334 sq.ft.

$863,400

Airbnb cash on cash: -1.03%

Traditional cash on cash: -0.43%

Airbnb Rental Income: $2528

Traditional Rental Income: $2403

Airbnb ROI: -1.03%

Traditional ROI: -0.43%

735 Pilot Lane unit: 814 #814

Merritt Island, FL

3 beds | N/A baths | 1,632 sq.ft.

$860,000

Airbnb cash on cash: 0.39%

Traditional cash on cash: 0.03%

Airbnb Rental Income: $3901

Traditional Rental Income: $2768

Airbnb ROI: 0.39%

Traditional ROI: 0.03%

735 Pilot Lane unit: 611 #611

Merritt Island, FL

2 beds | 2 baths | 1,344 sq.ft.

$648,000

Airbnb cash on cash: -1.04%

Traditional cash on cash: -0.24%

Airbnb Rental Income: $2528

Traditional Rental Income: $2403

Airbnb ROI: -1.04%

Traditional ROI: -0.24%

735 Pilot Lane unit: 812 #812

Merritt Island, FL

2 beds | 2 baths | 1,344 sq.ft.

$745,000

Airbnb cash on cash: -1.04%

Traditional cash on cash: -0.49%

Airbnb Rental Income: $2528

Traditional Rental Income: $2296

Airbnb ROI: -1.04%

Traditional ROI: -0.49%

735 Pilot Lane unit: 908 #908

Merritt Island, FL

3 beds | N/A baths | 2,178 sq.ft.

$1,540,000

Airbnb cash on cash: -0.61%

Traditional cash on cash: -0.53%

Airbnb Rental Income: $3901

Traditional Rental Income: $3173

Airbnb ROI: -0.61%

Traditional ROI: -0.53%

735 Pilot Lane unit: 606 #606

Merritt Island, FL

2 beds | 2 baths | 1,334 sq.ft.

$662,460

Airbnb cash on cash: -0.52%

Traditional cash on cash: 0.87%

Airbnb Rental Income: $2528

Traditional Rental Income: $2779

Airbnb ROI: -0.52%