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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
4297 Crooked Mile Rd Merritt Island, FL Tucked on 2.86 acres with 118' of deep Intracoastal frontage, this private Merritt Island ...	5 beds \| 3 baths \| 5,535 sq.ft.	$2,900,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 0.98% Airbnb Rental Income: $2332 Traditional Rental Income: $7461 Airbnb ROI: -1.01% Traditional ROI: 0.98%
680 Sunset Ln 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: 1.01% Traditional cash on cash: 4.88% Airbnb Rental Income: $2133 Traditional Rental Income: $3544 Airbnb ROI: 1.01% Traditional ROI: 4.88%
3083 Newfound Harbor Dr Merritt Island, FL Welcome to 3083 Newfound Harbor Dr, Merritt Island, a rare waterfront opportunity offering...	4 beds \| 3 baths \| 2,445 sq.ft.	$1,200,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 1.59% Airbnb Rental Income: $2133 Traditional Rental Income: $3880 Airbnb ROI: -0.47% Traditional ROI: 1.59%
735 Pilot Ln #314 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 3 baths \| 1,715 sq.ft.	$745,000	Airbnb cash on cash: -2.08% Traditional cash on cash: 0.19% Airbnb Rental Income: $1761 Traditional Rental Income: $2854 Airbnb ROI: -2.08% Traditional ROI: 0.19%
1505 Eddy St Merritt Island, FL Discover the perfect blend of comfort and convenience in this charming single-family home,...	3 beds \| 2 baths \| 1,425 sq.ft.	$369,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 4.52% Airbnb Rental Income: $1761 Traditional Rental Income: $2238 Airbnb ROI: 1.74% Traditional ROI: 4.52%
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: -0.89% Traditional cash on cash: 0.72% Airbnb Rental Income: $2133 Traditional Rental Income: $5332 Airbnb ROI: -0.89% Traditional ROI: 0.72%
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.	$6,495,000	Airbnb cash on cash: -1.31% Traditional cash on cash: -0.42% Airbnb Rental Income: $2332 Traditional Rental Income: $7087 Airbnb ROI: -1.31% Traditional ROI: -0.42%
1685 Savana Dr Merritt Island, FL Exceptional income-producing property offering two fully independent residences on one spa...	5 beds \| 4 baths \| 2,523 sq.ft.	$400,000	Airbnb cash on cash: 2.45% Traditional cash on cash: 10.33% Airbnb Rental Income: $2332 Traditional Rental Income: $4710 Airbnb ROI: 2.45% Traditional ROI: 10.33%
2735 S Courtenay Pkwy Merritt Island, FL Gorgeous Merritt Island Pool Home! NO HOA! Step inside to soaring ceilings and abundant na...	4 beds \| 2 baths \| 3,030 sq.ft.	$760,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 1.5% Airbnb Rental Income: $2133 Traditional Rental Income: $2576 Airbnb ROI: 0.11% Traditional ROI: 1.5%
225 S Tropical Trl #708 Merritt Island, FL Discover this stunning waterfront condo offering million-dollar views in a secure, gated c...	1 beds \| 1 baths \| 426 sq.ft.	$169,900	Airbnb cash on cash: 0.32% Traditional cash on cash: 3.87% Airbnb Rental Income: $1090 Traditional Rental Income: $1327 Airbnb ROI: 0.32% Traditional ROI: 3.87%
735 Pilot Ln #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: -3.95% Traditional cash on cash: -0.25% Airbnb Rental Income: $786 Traditional Rental Income: $2403 Airbnb ROI: -3.95% Traditional ROI: -0.25%
735 Pilot Ln #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: -2.92% Traditional cash on cash: -0.51% Airbnb Rental Income: $786 Traditional Rental Income: $2403 Airbnb ROI: -2.92% Traditional ROI: -0.51%
140 Utopia Cir Merritt Island, FL Luxury coastal living on 1-acre + a boat slip in Merritt Island. This home has it all: 4 b...	4 beds \| 4 baths \| 3,194 sq.ft.	$1,250,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 2.53% Airbnb Rental Income: $2133 Traditional Rental Income: $5120 Airbnb ROI: -0.51% Traditional ROI: 2.53%
130 Moore Ave Merritt Island, FL South Merritt Island home with 3 bedrooms and 2 baths. Washer and dryer included too. Clos...	3 beds \| 2 baths \| 1,000 sq.ft.	$285,000	Airbnb cash on cash: 2.49% Traditional cash on cash: 4.59% Airbnb Rental Income: $1761 Traditional Rental Income: $1843 Airbnb ROI: 2.49% Traditional ROI: 4.59%
735 Pilot Ln #814 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 3 baths \| 1,632 sq.ft.	$860,000	Airbnb cash on cash: -1.93% Traditional cash on cash: -0.07% Airbnb Rental Income: $1761 Traditional Rental Income: $2768 Airbnb ROI: -1.93% Traditional ROI: -0.07%
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.	$305,000	Airbnb cash on cash: 1.92% Traditional cash on cash: 4.42% Airbnb Rental Income: $1761 Traditional Rental Income: $1995 Airbnb ROI: 1.92% Traditional ROI: 4.42%
1220 Robin Dr Merritt Island, FL Settle into this cozy and clean little dollhouse nestled in the peaceful and quiet South M...	3 beds \| 1 baths \| 988 sq.ft.	$237,500	Airbnb cash on cash: 3.26% Traditional cash on cash: 6.26% Airbnb Rental Income: $1761 Traditional Rental Income: $1953 Airbnb ROI: 3.26% Traditional ROI: 6.26%
1500 Dorsal St Merritt Island, FL Close to the port, the beach and the Space Center this home is in a prime location with ve...	4 beds \| 3 baths \| 1,943 sq.ft.	$439,999	Airbnb cash on cash: 2.02% Traditional cash on cash: 5.64% Airbnb Rental Income: $2133 Traditional Rental Income: $3082 Airbnb ROI: 2.02% Traditional ROI: 5.64%
1244 Lynne Dr 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.	$375,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 5.29% Airbnb Rental Income: $1761 Traditional Rental Income: $2360 Airbnb ROI: 2.22% Traditional ROI: 5.29%
735 Pilot Ln #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: -3.55% Traditional cash on cash: -0.35% Airbnb Rental Income: $786 Traditional Rental Income: $2403 Airbnb ROI: -3.55% Traditional ROI: -0.35%
735 Pilot Ln #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: -3.22% Traditional cash on cash: -0.59% Airbnb Rental Income: $786 Traditional Rental Income: $2296 Airbnb ROI: -3.22% Traditional ROI: -0.59%
735 Pilot Ln #908 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 3 baths \| 2,178 sq.ft.	$1,540,000	Airbnb cash on cash: -1.93% Traditional cash on cash: -0.6% Airbnb Rental Income: $1761 Traditional Rental Income: $3173 Airbnb ROI: -1.93% Traditional ROI: -0.6%
1390 Island Drive Merritt Island, FL Fully renovated 3 bed, 2 bath Merritt Island canal-front home with over 1,900 sq ft . Enjo...	3 beds \| 2 baths \| 1,935 sq.ft.	$679,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 2.54% Airbnb Rental Income: $1761 Traditional Rental Income: $2908 Airbnb ROI: -0.03% Traditional ROI: 2.54%
1635 Sandpiper St 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: 0.93% Traditional cash on cash: 3.42% Airbnb Rental Income: $2332 Traditional Rental Income: $3500 Airbnb ROI: 0.93% Traditional ROI: 3.42%
535 Barrett Dr Merritt Island, FL BACK ON MARKET - BUYER FINANCING FELL THROUGH See dolphins and manatees right outside ...	3 beds \| 2 baths \| 1,350 sq.ft.	$459,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 3.28% Airbnb Rental Income: $1761 Traditional Rental Income: $2452 Airbnb ROI: 0.56% Traditional ROI: 3.28%
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: -2.98% Traditional cash on cash: 0.77% Airbnb Rental Income: $786 Traditional Rental Income: $2779 Airbnb ROI: -2.98% Traditional ROI: 0.77%
735 Pilot Ln #614 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 3 baths \| 1,632 sq.ft.	$789,750	Airbnb cash on cash: -1.7% Traditional cash on cash: 0.8% Airbnb Rental Income: $1761 Traditional Rental Income: $3121 Airbnb ROI: -1.7% Traditional ROI: 0.8%
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: -2.98% Traditional cash on cash: 0.77% Airbnb Rental Income: $786 Traditional Rental Income: $2779 Airbnb ROI: -2.98% Traditional ROI: 0.77%
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 \| 2 baths \| 2,178 sq.ft.	$1,123,500	Airbnb cash on cash: -2.41% Traditional cash on cash: 0.54% Airbnb Rental Income: $786 Traditional Rental Income: $3548 Airbnb ROI: -2.41% Traditional ROI: 0.54%
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: 2.53% Traditional cash on cash: 4.53% Airbnb Rental Income: $2133 Traditional Rental Income: $2245 Airbnb ROI: 2.53% Traditional ROI: 4.53%
1545 Cunningham Ave 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.	$224,000	Airbnb cash on cash: 3.17% Traditional cash on cash: 6.62% Airbnb Rental Income: $1761 Traditional Rental Income: $2011 Airbnb ROI: 3.17% Traditional ROI: 6.62%
5140 Del Sol Dr Merritt Island, FL West Indies-style estate on 1.61 acres in Merritt Island! This custom home offers a chef's...	4 beds \| 5 baths \| 4,188 sq.ft.	$2,495,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 0.64% Airbnb Rental Income: $2133 Traditional Rental Income: $4130 Airbnb ROI: -0.46% Traditional ROI: 0.64%
4250 Blossom Circle Merritt Island, FL Beautifully updated Spanish Mediterranean residence located in the highly sought after Cro...	4 beds \| 3 baths \| 2,930 sq.ft.	$910,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 2.68% Airbnb Rental Income: $2133 Traditional Rental Income: $3536 Airbnb ROI: 0.38% Traditional ROI: 2.68%
1460 Hannah Dr Merritt Island, FL Welcome to 1460 Hannah Drive! Adorable and updated, this waterfront pool home is MOVE IN R...	3 beds \| 2 baths \| 1,392 sq.ft.	$600,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 1.09% Airbnb Rental Income: $1761 Traditional Rental Income: $1788 Airbnb ROI: 0.18% Traditional ROI: 1.09%
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: 0.88% Traditional cash on cash: 3.06% Airbnb Rental Income: $1761 Traditional Rental Income: $2198 Airbnb ROI: 0.88% Traditional ROI: 3.06%
225 S Tropical Trl #423 Merritt Island, FL RENOVATED!! New luxury vinyl plank floors! Fresh interior paint! Updated kitchen with new ...	1 beds \| 1 baths \| 708 sq.ft.	$159,900	Airbnb cash on cash: -0.75% Traditional cash on cash: 4.25% Airbnb Rental Income: $1090 Traditional Rental Income: $1483 Airbnb ROI: -0.75% Traditional ROI: 4.25%
397 Milford Point Dr Merritt Island, FL WELCOME HOME TO EXCLUSIVE MILFORD POINT MERRITT ISLAND! An absolute tropical boater's para...	5 beds \| 4 baths \| 5,615 sq.ft.	$1,349,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 2.85% Airbnb Rental Income: $2332 Traditional Rental Income: $5924 Airbnb ROI: -0.47% Traditional ROI: 2.85%
200 S Sykes Creek Pkwy #A105 Merritt Island, FL Luxury riverfront living at Merritt Towers! This beautifully maintained 2-bedroom, 2-bath ...	2 beds \| 2 baths \| 1,269 sq.ft.	$285,000	Airbnb cash on cash: -3.27% Traditional cash on cash: 3.17% Airbnb Rental Income: $786 Traditional Rental Income: $2219 Airbnb ROI: -3.27% Traditional ROI: 3.17%
290 Utopia Cir Merritt Island, FL Enjoy spectacular rocket launches and serene Banana River views from this beautifully land...	4 beds \| 3 baths \| 2,997 sq.ft.	$1,150,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 1.64% Airbnb Rental Income: $2133 Traditional Rental Income: $3474 Airbnb ROI: -0.12% Traditional ROI: 1.64%
4245 Hillview Cir Merritt Island, FL Welcome to this unique deiscovery in South Merritt Island's Hilltop Manor! This well-maint...	4 beds \| 2 baths \| 2,002 sq.ft.	$699,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 2.13% Airbnb Rental Income: $2133 Traditional Rental Income: $2682 Airbnb ROI: 0.48% Traditional ROI: 2.13%

Real Estate investment in Merritt-island, FL

There are 348 properties for sale in the city of Merritt Island . The median list price in Merritt Island is $500,000 and the average price per square foot is $260. In February 2026, the average monthly cash on cash return in Merritt Island is 3.00%. The average monthly rental income in Merritt Island is $2,280.

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

There are 348 investment properties available for sale in Merritt-island.

In 2026, 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 $1,761.

Your search for investment property begins and ends here

Investment Property for Sale in Merritt Island, FL

4297 Crooked Mile Rd

Merritt Island, FL

5 beds | 3 baths | 5,535 sq.ft.

$2,900,000

Airbnb cash on cash: -1.01%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $2332

Traditional Rental Income: $7461

Airbnb ROI: -1.01%

Traditional ROI: 0.98%

680 Sunset Ln

Merritt Island, FL

4 beds | 3 baths | 2,540 sq.ft.

$539,900

Airbnb cash on cash: 1.01%

Traditional cash on cash: 4.88%

Airbnb Rental Income: $2133

Traditional Rental Income: $3544

Airbnb ROI: 1.01%

Traditional ROI: 4.88%

3083 Newfound Harbor Dr

Merritt Island, FL

4 beds | 3 baths | 2,445 sq.ft.

$1,200,000

Airbnb cash on cash: -0.47%

Traditional cash on cash: 1.59%

Airbnb Rental Income: $2133

Traditional Rental Income: $3880

Airbnb ROI: -0.47%

Traditional ROI: 1.59%

735 Pilot Ln #314

Merritt Island, FL

3 beds | 3 baths | 1,715 sq.ft.

$745,000

Airbnb cash on cash: -2.08%

Traditional cash on cash: 0.19%

Airbnb Rental Income: $1761

Traditional Rental Income: $2854

Airbnb ROI: -2.08%

Traditional ROI: 0.19%

1505 Eddy St

Merritt Island, FL

3 beds | 2 baths | 1,425 sq.ft.

$369,000

Airbnb cash on cash: 1.74%

Traditional cash on cash: 4.52%

Airbnb Rental Income: $1761

Traditional Rental Income: $2238

Airbnb ROI: 1.74%

Traditional ROI: 4.52%

106 Victoria St

Merritt Island, FL

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

$2,500,000

Airbnb cash on cash: -0.89%

Traditional cash on cash: 0.72%

Airbnb Rental Income: $2133

Traditional Rental Income: $5332

Airbnb ROI: -0.89%

Traditional ROI: 0.72%

9490 S Tropical Trl

Merritt Island, FL

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

$6,495,000

Airbnb cash on cash: -1.31%

Traditional cash on cash: -0.42%

Airbnb Rental Income: $2332

Traditional Rental Income: $7087

Airbnb ROI: -1.31%

Traditional ROI: -0.42%

1685 Savana Dr

Merritt Island, FL

5 beds | 4 baths | 2,523 sq.ft.

$400,000

Airbnb cash on cash: 2.45%

Traditional cash on cash: 10.33%

Airbnb Rental Income: $2332

Traditional Rental Income: $4710

Airbnb ROI: 2.45%