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
225 S Tropical Trail #124 Merritt Island, FL Welcome to Sunset Bay! Experience the Florida lifestyle in this beautiful waterfront gated...	2 beds \| 1 baths \| 1,081 sq.ft.	$184,900	Airbnb cash on cash: 0.06% Traditional cash on cash: 3.24% Airbnb Rental Income: $1516 Traditional Rental Income: $1634 Airbnb ROI: 0.06% Traditional ROI: 3.24%
525 Hidden Creek Drive Merritt Island, FL Don't miss this one, it ''checks all the boxes''! Prestigious South Merritt Island locatio...	4 beds \| 3 baths \| 2,723 sq.ft.	$585,000	Airbnb cash on cash: 4.03% Traditional cash on cash: 2.86% Airbnb Rental Income: $4249 Traditional Rental Income: $2710 Airbnb ROI: 4.03% Traditional ROI: 2.86%
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: -0.13% Traditional cash on cash: 2.24% Airbnb Rental Income: $4249 Traditional Rental Income: $8861 Airbnb ROI: -0.13% Traditional ROI: 2.24%
520 E Merrimac Drive Merritt Island, FL Welcome home to this adorable, updated 3-bed, 2-bath, 1-car garage, canal-front retreat lo...	3 beds \| 2 baths \| 1,219 sq.ft.	$364,500	Airbnb cash on cash: 1.49% Traditional cash on cash: 4.04% Airbnb Rental Income: $1806 Traditional Rental Income: $2190 Airbnb ROI: 1.49% Traditional ROI: 4.04%
135 S KENNETH Court Merritt Island, FL Welcome to this 2 bedroom 1.5 bath home 1 car garage . The functional floor plan features ...	2 beds \| 2 baths \| 958 sq.ft.	$259,900	Airbnb cash on cash: 1.86% Traditional cash on cash: 5.57% Airbnb Rental Income: $1516 Traditional Rental Income: $1984 Airbnb ROI: 1.86% Traditional ROI: 5.57%
225 South Tropical Trail Merritt Island, FL A perfect place with LOW HOA fees in the highly sought after Sunset Bay Condo nestled arou...	1 beds \| 1 baths \| 489 sq.ft.	$135,000	Airbnb cash on cash: 6.31% Traditional cash on cash: 7.27% Airbnb Rental Income: $1565 Traditional Rental Income: $1240 Airbnb ROI: 6.31% Traditional ROI: 7.27%
1485 Holly Avenue Merritt Island, FL Welcome to this exceptional Merritt Island home featuring a private in-law suite, ideally ...	4 beds \| 3 baths \| 1,871 sq.ft.	$465,000	Airbnb cash on cash: 5.73% Traditional cash on cash: 4.2% Airbnb Rental Income: $4249 Traditional Rental Income: $2685 Airbnb ROI: 5.73% Traditional ROI: 4.2%
415 Island Drive Merritt Island, FL Absolutely gorgeous and completely renovated from top to bottom, this Merritt Island water...	4 beds \| 4 baths \| 1,752 sq.ft.	$950,000	Airbnb cash on cash: 2.46% Traditional cash on cash: 1.43% Airbnb Rental Income: $4249 Traditional Rental Income: $2447 Airbnb ROI: 2.46% Traditional ROI: 1.43%
5140 DEL SOL Drive Merritt Island, FL A Rare Merritt Island Estate Where Luxury, Privacy & Resort-Style Living Come Together. We...	4 beds \| 5 baths \| 4,188 sq.ft.	$2,200,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 3.94% Airbnb Rental Income: $4249 Traditional Rental Income: $10872 Airbnb ROI: 0.25% Traditional ROI: 3.94%
1695 N BANANA RIVER Drive 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: 0.97% Traditional cash on cash: 4.29% Airbnb Rental Income: $1806 Traditional Rental Income: $2713 Airbnb ROI: 0.97% Traditional ROI: 4.29%
4245 Hillview Circle Merritt Island, FL Welcome to this well-maintained 4-bedroom, 2-bath pool home in highly desirable Hilltop Ma...	4 beds \| 2 baths \| 2,002 sq.ft.	$535,000	Airbnb cash on cash: 4.48% Traditional cash on cash: 4.3% Airbnb Rental Income: $4249 Traditional Rental Income: $3265 Airbnb ROI: 4.48% Traditional ROI: 4.3%
2345 Marsh Harbor Avenue Merritt Island, FL Welcome to island living in one of South Merritt Island's desirable gated communities! Thi...	3 beds \| 3 baths \| 2,398 sq.ft.	$575,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 6% Airbnb Rental Income: $1806 Traditional Rental Income: $4322 Airbnb ROI: 0.4% Traditional ROI: 6%
250 N Banana River Drive #B15 Merritt Island, FL OWNER FINANCING AVAILABLE! Don't miss an opportunity to own a TWO BEDROOM unit on the FIRS...	2 beds \| 1 baths \| 912 sq.ft.	$149,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 3.53% Airbnb Rental Income: $1516 Traditional Rental Income: $1413 Airbnb ROI: 1.16% Traditional ROI: 3.53%
200 Bounty Street #A2-104 Merritt Island, FL TURNKEY LUXURY...Fully Furnished To A High Standard. A much coveted 3 Bed, 2 Bath First Fl...	3 beds \| 2 baths \| 882 sq.ft.	$175,000	Airbnb cash on cash: 5.35% Traditional cash on cash: 9.63% Airbnb Rental Income: $1806 Traditional Rental Income: $2029 Airbnb ROI: 5.35% Traditional ROI: 9.63%
165 Treasure Street #A3-105 Merritt Island, FL Island Living Just 5 Minutes To The Beach. A much sought after First Floor 3 bed/2 bath En...	3 beds \| 2 baths \| 882 sq.ft.	$184,900	Airbnb cash on cash: 0.55% Traditional cash on cash: 2.14% Airbnb Rental Income: $1806 Traditional Rental Income: $1596 Airbnb ROI: 0.55% Traditional ROI: 2.14%
200 S Banana River Drive #B9 Merritt Island, FL Enjoy the relaxed Florida lifestyle in this beautifully updated home located in River Palm...	2 beds \| 2 baths \| 864 sq.ft.	$148,900	Airbnb cash on cash: 5.01% Traditional cash on cash: 11.64% Airbnb Rental Income: $1516 Traditional Rental Income: $2019 Airbnb ROI: 5.01% Traditional ROI: 11.64%
200 S Banana River Drive #G18 Merritt Island, FL Wake up to water views, palm trees, and the Florida lifestyle you've been dreaming about! ...	2 beds \| 2 baths \| 960 sq.ft.	$141,500	Airbnb cash on cash: 5.35% Traditional cash on cash: 10.48% Airbnb Rental Income: $1516 Traditional Rental Income: $1770 Airbnb ROI: 5.35% Traditional ROI: 10.48%
1295 S Banana River Drive Merritt Island, FL Experience the pinnacle of coastal luxury at Marina Bay Estates, Merritt Island's exclusiv...	5 beds \| 5 baths \| 4,860 sq.ft.	$2,700,000	Airbnb cash on cash: 2.69% Traditional cash on cash: 1.34% Airbnb Rental Income: $12002 Traditional Rental Income: $6418 Airbnb ROI: 2.69% Traditional ROI: 1.34%
1380 Mackeral Avenue Merritt Island, FL BEAUTIFUL 3 Bedrooms/ 2 Bathrooms Single Family Home in N Banana area of fine homes and Ri...	3 beds \| 2 baths \| 1,400 sq.ft.	$369,900	Airbnb cash on cash: 1.78% Traditional cash on cash: 4.58% Airbnb Rental Income: $1806 Traditional Rental Income: $2287 Airbnb ROI: 1.78% Traditional ROI: 4.58%
100 Mutiny Lane #C4-101 Merritt Island, FL Only 4 miles (6 minutes) to the beach at this LOW price? Highly Sought After FIRST FLOOR E...	1 beds \| 1 baths \| 550 sq.ft.	$80,000	Airbnb cash on cash: 4.26% Traditional cash on cash: 5.88% Airbnb Rental Income: $1565 Traditional Rental Income: $1243 Airbnb ROI: 4.26% Traditional ROI: 5.88%
735 W Pilot Lane #506 Merritt Island, FL Penthouse-Inspired Living in Merritt Island Discover an exceptional opportunity to own a b...	2 beds \| 2 baths \| 1,334 sq.ft.	$559,900	Airbnb cash on cash: -1.53% Traditional cash on cash: 1.1% Airbnb Rental Income: $1516 Traditional Rental Income: $2451 Airbnb ROI: -1.53% Traditional ROI: 1.1%
735 Pilot Lane #901 Merritt Island, FL Live were you Land! Introducing a one-of-a-kind living experience tailored for those who c...	3 beds \| 4 baths \| 1,632 sq.ft.	$895,000	Airbnb cash on cash: -1.51% Traditional cash on cash: 1.22% Airbnb Rental Income: $1806 Traditional Rental Income: $3591 Airbnb ROI: -1.51% Traditional ROI: 1.22%
1655 S Shelter Trail Merritt Island, FL Some homes simply feel like Florida. Tucked along the Banana River in Merritt Island, this...	3 beds \| 2 baths \| 1,630 sq.ft.	$530,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 3.23% Airbnb Rental Income: $1806 Traditional Rental Income: $2699 Airbnb ROI: 0.44% Traditional ROI: 3.23%
160 CARIB Drive Merritt Island, FL 160 Carib Dr is a one-story home on Merritt Island. New HVAC! The kitchen features stainle...	3 beds \| 2 baths \| 1,512 sq.ft.	$306,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 6.46% Airbnb Rental Income: $1806 Traditional Rental Income: $2348 Airbnb ROI: 2.88% Traditional ROI: 6.46%
130 Country Woods Place Merritt Island, FL Discover coastal living on desirable South Merritt Island in this impeccably equipped, tur...	3 beds \| 2 baths \| 1,644 sq.ft.	$565,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 3.4% Airbnb Rental Income: $1806 Traditional Rental Income: $2481 Airbnb ROI: 1.19% Traditional ROI: 3.4%
225 Buccaneer Avenue #C2-102 Merritt Island, FL Great opportunity to live in the heart of Merritt Island for an affordable price! This FIR...	1 beds \| 1 baths \| 550 sq.ft.	$74,900	Airbnb cash on cash: 6.02% Traditional cash on cash: 7.33% Airbnb Rental Income: $1565 Traditional Rental Income: $1212 Airbnb ROI: 6.02% Traditional ROI: 7.33%
225 S Tropical Trail #624 Merritt Island, FL New Flooring, Fresh Interior Paint, Air Ducts Cleaned, New AC. Waterfront living in the he...	2 beds \| 1 baths \| 962 sq.ft.	$169,900	Airbnb cash on cash: 0.34% Traditional cash on cash: 4.31% Airbnb Rental Income: $1516 Traditional Rental Income: $1717 Airbnb ROI: 0.34% Traditional ROI: 4.31%
1515 CUNNINGHAM Avenue Merritt Island, FL Charming 2-bedroom, 2-bathroom single-family home located in the desirable Merritt Island ...	2 beds \| 2 baths \| 875 sq.ft.	$218,900	Airbnb cash on cash: 3.34% Traditional cash on cash: 6.28% Airbnb Rental Income: $1516 Traditional Rental Income: $1683 Airbnb ROI: 3.34% Traditional ROI: 6.28%
195 Treasure Street #A4-203 Merritt Island, FL Bring Your Boat! A Secret Gem Only 4 Miles To The Beach In the heart of the Banana River, ...	2 beds \| 1 baths \| 704 sq.ft.	$115,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 8.01% Airbnb Rental Income: $1516 Traditional Rental Income: $1753 Airbnb ROI: 1.91% Traditional ROI: 8.01%
105 CARIB Drive Merritt Island, FL Welcome home to this beautifully maintained coastal retreat on South Merritt Island! Tucke...	3 beds \| 2 baths \| 1,529 sq.ft.	$330,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 5.07% Airbnb Rental Income: $1806 Traditional Rental Income: $2335 Airbnb ROI: 1.78% Traditional ROI: 5.07%
120 Mutiny Lane #C3-106 Merritt Island, FL Hidden Gem Nestled Perfectly In The Heart Of The Banana River, Cocoa Beach and Port Canave...	1 beds \| 1 baths \| 550 sq.ft.	$74,500	Airbnb cash on cash: 4.53% Traditional cash on cash: 6.34% Airbnb Rental Income: $1565 Traditional Rental Income: $1249 Airbnb ROI: 4.53% Traditional ROI: 6.34%
6075 S TROPICAL Trail Merritt Island, FL ~ 16+ BOTANICAL ACRES BETWEEN TWO RIVERS ~ A private landscape estate framed by the Indian...	4 beds \| 7 baths \| 11,749 sq.ft.	$16,000,000	Airbnb cash on cash: -1.11% Traditional cash on cash: -1.15% Airbnb Rental Income: $4249 Traditional Rental Income: $2710 Airbnb ROI: -1.11% Traditional ROI: -1.15%
200 S Banana River Drive #E15 Merritt Island, FL River Palms 55+ Waterfront Community, site E-15, on a standard site BRAND NEW HOME 2027 Ca...	2 beds \| 2 baths \| 1,026 sq.ft.	$169,500	Airbnb cash on cash: 4.19% Traditional cash on cash: 10.53% Airbnb Rental Income: $1516 Traditional Rental Income: $2099 Airbnb ROI: 4.19% Traditional ROI: 10.53%
200 S Banana River Drive #H16 Merritt Island, FL Brand New 2027 Palm Harbor Home features: -White cabinetry -Stainless steel farmers sink w...	1 beds \| 1 baths \| 780 sq.ft.	$132,500	Airbnb cash on cash: 6.15% Traditional cash on cash: 11.8% Airbnb Rental Income: $1565 Traditional Rental Income: $1835 Airbnb ROI: 6.15% Traditional ROI: 11.8%
115 Carib Drive Merritt Island, FL SHORT SALE Priced lower than appraisal. Bank approved price. Beautiful Merritt Island ...	3 beds \| 2 baths \| 1,548 sq.ft.	$275,000	Airbnb cash on cash: 2.35% Traditional cash on cash: 6.15% Airbnb Rental Income: $1806 Traditional Rental Income: $2301 Airbnb ROI: 2.35% Traditional ROI: 6.15%
624 Iroquois Street S Merritt Island, FL Lovingly cared for by its original owners, this one-of-a-kind residence offers a beautiful...	3 beds \| 2 baths \| 2,324 sq.ft.	$539,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 3.55% Airbnb Rental Income: $1806 Traditional Rental Income: $2663 Airbnb ROI: 0.87% Traditional ROI: 3.55%

Real Estate investment in Merritt-island, FL

There are 77 properties for sale in the city of Merritt Island . The median list price in Merritt Island is $414,802 and the average price per square foot is $224. In November 2026, the average monthly cash on cash return in Merritt Island is 3.00%. The average monthly rental income in Merritt Island is $2,109.

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

There are 77 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 $2,109.

Your search for investment property begins and ends here

Investment Property for Sale in Merritt Island, FL

225 S Tropical Trail #124

Merritt Island, FL

2 beds | 1 baths | 1,081 sq.ft.

$184,900

Airbnb cash on cash: 0.06%

Traditional cash on cash: 3.24%

Airbnb Rental Income: $1516

Traditional Rental Income: $1634

Airbnb ROI: 0.06%

Traditional ROI: 3.24%

525 Hidden Creek Drive

Merritt Island, FL

4 beds | 3 baths | 2,723 sq.ft.

$585,000

Airbnb cash on cash: 4.03%

Traditional cash on cash: 2.86%

Airbnb Rental Income: $4249

Traditional Rental Income: $2710

Airbnb ROI: 4.03%

Traditional ROI: 2.86%

106 VICTORIA Street

Merritt Island, FL

4 beds | 5 baths | 3,988 sq.ft.

$2,500,000

Airbnb cash on cash: -0.13%

Traditional cash on cash: 2.24%

Airbnb Rental Income: $4249

Traditional Rental Income: $8861

Airbnb ROI: -0.13%

Traditional ROI: 2.24%

520 E Merrimac Drive

Merritt Island, FL

3 beds | 2 baths | 1,219 sq.ft.

$364,500

Airbnb cash on cash: 1.49%

Traditional cash on cash: 4.04%

Airbnb Rental Income: $1806

Traditional Rental Income: $2190

Airbnb ROI: 1.49%

Traditional ROI: 4.04%

135 S KENNETH Court

Merritt Island, FL

2 beds | 2 baths | 958 sq.ft.

$259,900

Airbnb cash on cash: 1.86%

Traditional cash on cash: 5.57%

Airbnb Rental Income: $1516

Traditional Rental Income: $1984

Airbnb ROI: 1.86%

Traditional ROI: 5.57%

225 South Tropical Trail

Merritt Island, FL

1 beds | 1 baths | 489 sq.ft.

$135,000

Airbnb cash on cash: 6.31%

Traditional cash on cash: 7.27%

Airbnb Rental Income: $1565

Traditional Rental Income: $1240

Airbnb ROI: 6.31%

Traditional ROI: 7.27%

1485 Holly Avenue

Merritt Island, FL

4 beds | 3 baths | 1,871 sq.ft.

$465,000

Airbnb cash on cash: 5.73%

Traditional cash on cash: 4.2%

Airbnb Rental Income: $4249

Traditional Rental Income: $2685

Airbnb ROI: 5.73%

Traditional ROI: 4.2%

415 Island Drive

Merritt Island, FL

4 beds | 4 baths | 1,752 sq.ft.

$950,000

Airbnb cash on cash: 2.46%

Traditional cash on cash: 1.43%

Airbnb Rental Income: $4249

Traditional Rental Income: $2447

Airbnb ROI: 2.46%