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: -0.01% Traditional cash on cash: 0.98% Airbnb Rental Income: $5753 Traditional Rental Income: $7461 Airbnb ROI: -0.01% Traditional ROI: 0.98%
1620 Yount Drive Merritt Island, FL This beautifully maintained 4-bedroom, 3-bath custom home offers 2,769 square feet of ligh...	4 beds \| 3 baths \| 2,769 sq.ft.	$900,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 1.97% Airbnb Rental Income: $3817 Traditional Rental Income: $3485 Airbnb ROI: 1.38% Traditional ROI: 1.97%
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.	$729,990	Airbnb cash on cash: 2.6% Traditional cash on cash: 3.87% Airbnb Rental Income: $3817 Traditional Rental Income: $3859 Airbnb ROI: 2.6% Traditional ROI: 3.87%
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: 0.61% Traditional cash on cash: 0.31% Airbnb Rental Income: $3901 Traditional Rental Income: $2854 Airbnb ROI: 0.61% Traditional ROI: 0.31%
145 CRISPIN STREET Merritt Island, FL Don't miss your chance to own a slice of paradise where every day feels like a getaway. St...	4 beds \| 4 baths \| 2,939 sq.ft.	$899,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 1.89% Airbnb Rental Income: $3817 Traditional Rental Income: $3318 Airbnb ROI: 1.5% Traditional ROI: 1.89%
10910 S Tropical Trail Merritt Island, FL Back on the market with a new and improved price! Seize this opportunity to experience the...	3 beds \| 4 baths \| 2,634 sq.ft.	$1,479,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 1.35% Airbnb Rental Income: $3901 Traditional Rental Income: $3695 Airbnb ROI: 0.89% Traditional ROI: 1.35%
1665 SEA SHELL DRIVE Merritt Island, FL One or more photo(s) has been virtually staged. ** HUGE PRICE ADJUSTMENT + a home warranty...	3 beds \| 2 baths \| 2,136 sq.ft.	$595,000	Airbnb cash on cash: 3.36% Traditional cash on cash: 3.31% Airbnb Rental Income: $3901 Traditional Rental Income: $3033 Airbnb ROI: 3.36% Traditional ROI: 3.31%
4070 S Tropical Trail Merritt Island, FL Welcome to 4070 South Tropical Trail... a rare waterfront sanctuary where the Florida drea...	4 beds \| 3 baths \| 2,986 sq.ft.	$2,150,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 0.12% Airbnb Rental Income: $3817 Traditional Rental Income: $3552 Airbnb ROI: -0.16% Traditional ROI: 0.12%
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: -0.29% Traditional cash on cash: 0.72% Airbnb Rental Income: $3817 Traditional Rental Income: $5332 Airbnb ROI: -0.29% Traditional ROI: 0.72%
420 Pine Boulevard Merritt Island, FL Unique 3 bed/3 bath pool home in S. Merritt Island! Lg corner lot w/fenced side yard & poo...	3 beds \| 3 baths \| 2,450 sq.ft.	$490,000	Airbnb cash on cash: 4.4% Traditional cash on cash: 2.98% Airbnb Rental Income: $3901 Traditional Rental Income: $2411 Airbnb ROI: 4.4% Traditional ROI: 2.98%
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 \| N/A baths \| 4,906 sq.ft.	$6,495,000	Airbnb cash on cash: -0.84% Traditional cash on cash: -0.42% Airbnb Rental Income: $5753 Traditional Rental Income: $7087 Airbnb ROI: -0.84% Traditional ROI: -0.42%
1510 Holly Avenue Merritt Island, FL ***Save Big: 1% lender credit (based on loan amount) toward closing costs or rate buy-down...	4 beds \| 2 baths \| 1,560 sq.ft.	$546,500	Airbnb cash on cash: 4.09% Traditional cash on cash: 3.64% Airbnb Rental Income: $3817 Traditional Rental Income: $2763 Airbnb ROI: 4.09% Traditional ROI: 3.64%
4385 Stillwaters Drive Merritt Island, FL Assumable 2.8% VA Mortgage. Tucked away on a full acre in the exclusive Still Water Subdiv...	4 beds \| 4 baths \| 4,526 sq.ft.	$1,000,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.05% Airbnb Rental Income: $3817 Traditional Rental Income: $4862 Airbnb ROI: 1.04% Traditional ROI: 3.05%
1215 Old Parsonage Drive Merritt Island, FL Beautifully renovated 4 bedroom pool home in the charming New Georgianna Settlement commun...	4 beds \| 2 baths \| 2,045 sq.ft.	$699,000	Airbnb cash on cash: 3.14% Traditional cash on cash: 3.13% Airbnb Rental Income: $3817 Traditional Rental Income: $2982 Airbnb ROI: 3.14% Traditional ROI: 3.13%
1523 STAFFORD AVENUE Merritt Island, FL SELLERS OFFERING $7,500 BUYER INCENTIVES AND 2-YEAR HOME WARRANTY! PRICE IMPROVEMENT! Brin...	4 beds \| 3 baths \| 2,374 sq.ft.	$545,000	Airbnb cash on cash: 4.08% Traditional cash on cash: 4.36% Airbnb Rental Income: $3817 Traditional Rental Income: $3133 Airbnb ROI: 4.08% Traditional ROI: 4.36%
1395 Floral Lane Merritt Island, FL 3 BEDROOM 2 BATH POOL HOME WITH NO HOA! The fully renovated kitchen with stainless steel a...	3 beds \| 2 baths \| 1,244 sq.ft.	$379,900	Airbnb cash on cash: 6.49% Traditional cash on cash: 4.31% Airbnb Rental Income: $3901 Traditional Rental Income: $2284 Airbnb ROI: 6.49% Traditional ROI: 4.31%
2735 S Courtenay Parkway Merritt Island, FL Gorgeous Merritt Island Pool Home! NO HOA! Step inside to soaring ceilings and abundant na...	4 beds \| N/A baths \| 3,030 sq.ft.	$765,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 1.49% Airbnb Rental Income: $3817 Traditional Rental Income: $2576 Airbnb ROI: 2.07% Traditional ROI: 1.49%
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%
1005 Old Parsonage Drive Merritt Island, FL Nestled in the highly desirable New Georgiana Settlement, this Merritt Island estate combi...	3 beds \| 2 baths \| 2,151 sq.ft.	$699,000	Airbnb cash on cash: 2.86% Traditional cash on cash: 2.27% Airbnb Rental Income: $3901 Traditional Rental Income: $2680 Airbnb ROI: 2.86% Traditional ROI: 2.27%
365 Hula Circle Merritt Island, FL Looking for your beach house getaway so you can feel like you're on vaca all year long? HE...	3 beds \| 2 baths \| 1,682 sq.ft.	$385,000	Airbnb cash on cash: 6.35% Traditional cash on cash: 4.8% Airbnb Rental Income: $3901 Traditional Rental Income: $2504 Airbnb ROI: 6.35% Traditional ROI: 4.8%
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: 0.39% Traditional cash on cash: 0.03% Airbnb Rental Income: $3901 Traditional Rental Income: $2768 Airbnb ROI: 0.39% 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.	$325,000	Airbnb cash on cash: 7.58% Traditional cash on cash: 4.09% Airbnb Rental Income: $3901 Traditional Rental Income: $1995 Airbnb ROI: 7.58% Traditional ROI: 4.09%
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.	$379,900	Airbnb cash on cash: 7.18% Traditional cash on cash: 5.21% Airbnb Rental Income: $3901 Traditional Rental Income: $2360 Airbnb ROI: 7.18% Traditional ROI: 5.21%
4395 Crooked Mile Road Merritt Island, FL Welcome to your personal sanctuaryâthis 4 bedroom 3.5 home is nestled on a lush, park-li...	4 beds \| 3 baths \| 2,936 sq.ft.	$799,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 2.19% Airbnb Rental Income: $3817 Traditional Rental Income: $3394 Airbnb ROI: 1.65% Traditional ROI: 2.19%
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 \| 4 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%
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: 5% Traditional cash on cash: 3.42% Airbnb Rental Income: $5753 Traditional Rental Income: $3500 Airbnb ROI: 5% 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 \| N/A baths \| 6,371 sq.ft.	$4,995,000	Airbnb cash on cash: -0.33% Traditional cash on cash: -1.03% Airbnb Rental Income: $5753 Traditional Rental Income: $1362 Airbnb ROI: -0.33% Traditional ROI: -1.03%
535 BARRETT DRIVE Merritt Island, FL See dolphins and manatees right outside your door with this rare waterfront find on Sykes ...	3 beds \| 2 baths \| 1,350 sq.ft.	$464,900	Airbnb cash on cash: 4.64% Traditional cash on cash: 3.24% Airbnb Rental Income: $3901 Traditional Rental Income: $2452 Airbnb ROI: 4.64% Traditional ROI: 3.24%
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 \| 3 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%
115 Carib Drive Merritt Island, FL Welcome to Merritt Island living! This home features a private pool, a spacious backyard, ...	3 beds \| 2 baths \| 1,548 sq.ft.	$325,000	Airbnb cash on cash: 7.56% Traditional cash on cash: 5.07% Airbnb Rental Income: $3901 Traditional Rental Income: $2301 Airbnb ROI: 7.56% Traditional ROI: 5.07%
185 Moore Avenue Merritt Island, FL Close to Everything Merritt Island Has to Offer! Love fishing, boating, or beach days? Thi...	4 beds \| 3 baths \| 1,638 sq.ft.	$359,500	Airbnb cash on cash: 7.32% Traditional cash on cash: 7.5% Airbnb Rental Income: $3817 Traditional Rental Income: $3052 Airbnb ROI: 7.32% Traditional ROI: 7.5%
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: 6.8% Traditional cash on cash: 4.53% Airbnb Rental Income: $3817 Traditional Rental Income: $2245 Airbnb ROI: 6.8% Traditional ROI: 4.53%
8670 S Tropical Trail Merritt Island, FL Welcome to a once-in-a-lifetime opportunity to own a spectacular waterfront property locat...	2 beds \| 2 baths \| 1,270 sq.ft.	$1,025,000	Airbnb cash on cash: 0% Traditional cash on cash: 0.49% Airbnb Rental Income: $2528 Traditional Rental Income: $2384 Airbnb ROI: 0% Traditional ROI: 0.49%
860 S Banana River Drive Merritt Island, FL NO HOA Easy living on the water! Enjoy front row seats to rocket launches, while dolphin...	3 beds \| 3 baths \| 1,863 sq.ft.	$1,549,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 0.5% Airbnb Rental Income: $3901 Traditional Rental Income: $2998 Airbnb ROI: 0.55% Traditional ROI: 0.5%

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 $482,450 and the average price per square foot is $240. In October 2025, the average monthly cash on cash return in Merritt Island is 3.00%. The average monthly rental income in Merritt Island is $2,362.

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

There are 166 investment properties available for sale in Merritt-island.

In 2025, the best neighborhood to buy investment property is Merritt Island.

The ROI for Short-Term is higher than the Long-Term in Merritt-island with average rental income of $3,817.

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: -0.01%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $5753

Traditional Rental Income: $7461

Airbnb ROI: -0.01%

Traditional ROI: 0.98%

1620 Yount Drive

Merritt Island, FL

4 beds | 3 baths | 2,769 sq.ft.

$900,000

Airbnb cash on cash: 1.38%

Traditional cash on cash: 1.97%

Airbnb Rental Income: $3817

Traditional Rental Income: $3485

Airbnb ROI: 1.38%

Traditional ROI: 1.97%

1040 CARRIGAN BOULEVARD

Merritt Island, FL

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

$729,990

Airbnb cash on cash: 2.6%

Traditional cash on cash: 3.87%

Airbnb Rental Income: $3817

Traditional Rental Income: $3859

Airbnb ROI: 2.6%

Traditional ROI: 3.87%

735 Pilot Lane unit: 314 #314

Merritt Island, FL

3 beds | 4 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%

145 CRISPIN STREET

Merritt Island, FL

4 beds | 4 baths | 2,939 sq.ft.

$899,000

Airbnb cash on cash: 1.5%

Traditional cash on cash: 1.89%

Airbnb Rental Income: $3817

Traditional Rental Income: $3318

Airbnb ROI: 1.5%

Traditional ROI: 1.89%

10910 S Tropical Trail

Merritt Island, FL

3 beds | 4 baths | 2,634 sq.ft.

$1,479,000

Airbnb cash on cash: 0.89%

Traditional cash on cash: 1.35%

Airbnb Rental Income: $3901

Traditional Rental Income: $3695

Airbnb ROI: 0.89%

Traditional ROI: 1.35%

1665 SEA SHELL DRIVE

Merritt Island, FL

3 beds | 2 baths | 2,136 sq.ft.

$595,000

Airbnb cash on cash: 3.36%

Traditional cash on cash: 3.31%

Airbnb Rental Income: $3901

Traditional Rental Income: $3033

Airbnb ROI: 3.36%

Traditional ROI: 3.31%

4070 S Tropical Trail

Merritt Island, FL

4 beds | 3 baths | 2,986 sq.ft.

$2,150,000

Airbnb cash on cash: -0.16%

Traditional cash on cash: 0.12%

Airbnb Rental Income: $3817

Traditional Rental Income: $3552

Airbnb ROI: -0.16%