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 28 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
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%
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%
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%
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%
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%
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%
225 S Tropical Trail unit: 423 Merritt Island, FL RENOVATED!! New luxury vinyl plank floors! Fresh interior paint! Updated kitchen with new ...	1 beds \| 1 baths \| 708 sq.ft.	$149,900	Airbnb cash on cash: 2.38% Traditional cash on cash: 5.66% Airbnb Rental Income: $1626 Traditional Rental Income: $1637 Airbnb ROI: 2.38% Traditional ROI: 5.66%
800 Del Rio Way unit: 401 #401 Merritt Island, FL Welcome to the Harbor Del Rio Community, ideally situated in Central Merritt Island. Featu...	3 beds \| 2 baths \| 1,850 sq.ft.	$410,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 2.43% Airbnb Rental Income: $2463 Traditional Rental Income: $2541 Airbnb ROI: 0.67% Traditional ROI: 2.43%
2135 N Courtenay Parkway unit: 236 #236 Merritt Island, FL REDUCED, A MUST SEE!!This is the ONE You have been waiting for!! Desirable 2nd Floor W...	2 beds \| 2 baths \| 1,187 sq.ft.	$210,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 7.41% Airbnb Rental Income: $995 Traditional Rental Income: $1856 Airbnb ROI: 1.3% Traditional ROI: 7.41%
540 S Banana River Drive unit: 101 #101 Merritt Island, FL This Riverfront Beauty is Just 5 Minutes from the Beach! Experience coastal living in this...	3 beds \| 3 baths \| 2,279 sq.ft.	$569,900	Airbnb cash on cash: -0.11% Traditional cash on cash: 2.66% Airbnb Rental Income: $2463 Traditional Rental Income: $3335 Airbnb ROI: -0.11% Traditional ROI: 2.66%
50 Needle Boulevard unit: 6 Merritt Island, FL BEST VALUE IN MERRITT ISLAND - PRICED TO MOVE Seller offering paying 3 months HOA paid...	2 beds \| 2 baths \| 900 sq.ft.	$129,900	Airbnb cash on cash: 2.17% Traditional cash on cash: 10.06% Airbnb Rental Income: $995 Traditional Rental Income: $1626 Airbnb ROI: 2.17% Traditional ROI: 10.06%
160 BOUNTY STREET #A1-101 Merritt Island, FL Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bed...	2 beds \| 1 baths \| 704 sq.ft.	$125,000	Airbnb cash on cash: -2.15% Traditional cash on cash: 6.47% Airbnb Rental Income: $995 Traditional Rental Income: $1677 Airbnb ROI: -2.15% Traditional ROI: 6.47%
425 Catamaran Drive unit: 72 Merritt Island, FL This stunning remodel is truly to perfection, showcasing amazing updates throughout! There...	2 beds \| 2 baths \| 894 sq.ft.	$215,000	Airbnb cash on cash: -1.61% Traditional cash on cash: 3.33% Airbnb Rental Income: $995 Traditional Rental Income: $1647 Airbnb ROI: -1.61% Traditional ROI: 3.33%
50 Needle Boulevard E unit: 3 Merritt Island, FL Beautifully updated 2-bedroom, 1.5-bath condo offering the perfect blend of modern comfort...	2 beds \| 1 baths \| 900 sq.ft.	$159,000	Airbnb cash on cash: -1.31% Traditional cash on cash: 4.35% Airbnb Rental Income: $995 Traditional Rental Income: $1501 Airbnb ROI: -1.31% Traditional ROI: 4.35%
50 Needle Boulevard unit: 19 Merritt Island, FL Beautifully updated 2-bedroom, 1.5-bath condo offering the perfect blend of modern comfort...	2 beds \| 1 baths \| 900 sq.ft.	$159,000	Airbnb cash on cash: -1.31% Traditional cash on cash: 4.35% Airbnb Rental Income: $995 Traditional Rental Income: $1501 Airbnb ROI: -1.31% Traditional ROI: 4.35%
50 Needle Boulevard unit: 17 Merritt Island, FL Beautifully updated 2-bedroom, 1.5-bath condo offering the perfect blend of modern comfort...	2 beds \| 2 baths \| 900 sq.ft.	$159,000	Airbnb cash on cash: -1.43% Traditional cash on cash: 4.49% Airbnb Rental Income: $995 Traditional Rental Income: $1540 Airbnb ROI: -1.43% Traditional ROI: 4.49%
50 NEEDLE BOULEVARD #32 Merritt Island, FL Welcome to this 2-bedroom, 1.5-bath condo offering comfortable, low-maintenance living in ...	2 beds \| 2 baths \| 900 sq.ft.	$129,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 5.83% Airbnb Rental Income: $995 Traditional Rental Income: $1496 Airbnb ROI: -1.06% Traditional ROI: 5.83%
480 Sail Lane unit: 206 Merritt Island, FL Watch dolphins play from your balcony! Enjoy luxury waterfront living on the Intracoastal ...	3 beds \| 2 baths \| 2,048 sq.ft.	$359,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.88% Airbnb Rental Income: $2463 Traditional Rental Income: $3017 Airbnb ROI: -0.54% Traditional ROI: 2.88%
555 Aster Court unit: 2 Merritt Island, FL Charming Merritt Island Condo! Discover comfort, convenience, and opportunity in this beau...	2 beds \| 2 baths \| 900 sq.ft.	$139,900	Airbnb cash on cash: 0.18% Traditional cash on cash: 7.7% Airbnb Rental Income: $995 Traditional Rental Income: $1650 Airbnb ROI: 0.18% Traditional ROI: 7.7%
480 Sail Lane #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: -1.16% Traditional cash on cash: 1.56% Airbnb Rental Income: $2463 Traditional Rental Income: $3226 Airbnb ROI: -1.16% Traditional ROI: 1.56%
205 Palmetto Avenue unit: 704 Merritt Island, FL Charming Ground floor 2-bedroom, 2-bath condo light and bright featuring tile flooring thr...	2 beds \| 2 baths \| 1,024 sq.ft.	$142,500	Airbnb cash on cash: 1.69% Traditional cash on cash: 10.03% Airbnb Rental Income: $995 Traditional Rental Income: $1779 Airbnb ROI: 1.69% Traditional ROI: 10.03%
300 S Sykes Creek Parkway unit: 201 Merritt Island, FL Stunning Condo with DIRECT WATER VIEWS OF Sykes Creek in Merritt Island! This upgraded 3BR...	3 beds \| 2 baths \| 1,904 sq.ft.	$435,000	Airbnb cash on cash: 2.48% Traditional cash on cash: 6.74% Airbnb Rental Income: $2463 Traditional Rental Income: $3600 Airbnb ROI: 2.48% Traditional ROI: 6.74%

Your search for investment property begins and ends here

Condos for Sale in Merritt Island, FL

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%

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%

Traditional ROI: 1.35%

735 Pilot Lane unit: 510

Merritt Island, FL

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

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

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%

2097 Hidden Grove Lane unit: 209

Merritt Island, FL

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%

590 S Banana River Drive unit: 302

Merritt Island, FL

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

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%