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
1315 Lester Ct Merritt Island, FL Here's the 4 bedroom on Merritt Island that you've been looking for! The 4th bedroom does ...	3 beds \| 2 baths \| 1,238 sq.ft.	$358,500	Airbnb cash on cash: 3.52% Traditional cash on cash: 4.56% Airbnb Rental Income: $2463 Traditional Rental Income: $2201 Airbnb ROI: 3.52% Traditional ROI: 4.56%
430 Breakwater Dr #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.	$148,500	Airbnb cash on cash: -0.98% Traditional cash on cash: 6.44% Airbnb Rental Income: $995 Traditional Rental Income: $1695 Airbnb ROI: -0.98% Traditional ROI: 6.44%
1383 Bent Palm Dr Merritt Island, FL CALL, EMAIL OR TEXT LISTING BROKER PITTNER REAL ESTATE 321-961-2424, PITTNERREALESTATE@YAH...	4 beds \| 3 baths \| 2,426 sq.ft.	$614,000	Airbnb cash on cash: 3.75% Traditional cash on cash: 3.6% Airbnb Rental Income: $3959 Traditional Rental Income: $3022 Airbnb ROI: 3.75% Traditional ROI: 3.6%
1095 Newfound Harbor Dr Merritt Island, FL CALL JOAN STOLL 3215430798 .	2 beds \| 1 baths \| 840 sq.ft.	$850,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 1.11% Airbnb Rental Income: $995 Traditional Rental Income: $2057 Airbnb ROI: -0.68% Traditional ROI: 1.11%
435 S Courtenay Pkwy Merritt Island, FL This 4-bedroom home with recent updates is move in ready! Enjoy big open living space with...	4 beds \| 2 baths \| 1,360 sq.ft.	$300,000	Airbnb cash on cash: 8.65% Traditional cash on cash: 6.65% Airbnb Rental Income: $3959 Traditional Rental Income: $2545 Airbnb ROI: 8.65% Traditional ROI: 6.65%
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: 4.02% Traditional cash on cash: 5.81% Airbnb Rental Income: $3959 Traditional Rental Income: $4011 Airbnb ROI: 4.02% Traditional ROI: 5.81%
1340 Martin Blvd Merritt Island, FL Call/text Patricia Spangler 321-626-9829. This updated open floor plan has modern finishes...	3 beds \| 2 baths \| 1,555 sq.ft.	$424,000	Airbnb cash on cash: 3% Traditional cash on cash: 3.69% Airbnb Rental Income: $2463 Traditional Rental Income: $2136 Airbnb ROI: 3% Traditional ROI: 3.69%
2175 S Tropical Trl Merritt Island, FL S Tropical Trail - 142 Ft of Intracoastal Water Frontage! A Boat Lovers Paradise with a lo...	5 beds \| 4 baths \| 4,097 sq.ft.	$2,795,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 0.7% Airbnb Rental Income: $2161 Traditional Rental Income: $4887 Airbnb ROI: -0.56% Traditional ROI: 0.7%
4737 S Tropical Trl Merritt Island, FL Located on prestigious Honeymoon Lake, nestled high above the Indian River, this three sto...	4 beds \| 5 baths \| 5,048 sq.ft.	$2,700,000	Airbnb cash on cash: -0.13% Traditional cash on cash: -0.17% Airbnb Rental Income: $3959 Traditional Rental Income: $3022 Airbnb ROI: -0.13% Traditional ROI: -0.17%
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: 3.43% Traditional cash on cash: 5.58% Airbnb Rental Income: $2463 Traditional Rental Income: $2608 Airbnb ROI: 3.43% Traditional ROI: 5.58%
4070 S Tropical Trl Merritt Island, FL Welcome to 4070 South Tropical Trail... a rare waterfront sanctuary where the Florida drea...	4 beds \| 3 baths \| 3,006 sq.ft.	$1,890,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 1.08% Airbnb Rental Income: $3959 Traditional Rental Income: $4972 Airbnb ROI: 0.02% Traditional ROI: 1.08%
8765 S Tropical Trl Merritt Island, FL 1950's Retro. Direct Waterfront 2 story Detached 2 car garage.1950'S retro! Ready for reno...	N/A beds \| N/A baths \| 2,604 sq.ft.	$1,199,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 0.29% Airbnb Rental Income: $2330 Traditional Rental Income: $2375 Airbnb ROI: -0.27% Traditional ROI: 0.29%
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: -0.24% Traditional cash on cash: 2.24% Airbnb Rental Income: $3959 Traditional Rental Income: $8861 Airbnb ROI: -0.24% Traditional ROI: 2.24%
1623 Wavecrest St Merritt Island, FL * Hot Price for a Cool Summer * The Wavecrest residence features 100 feet of lateral seawa...	4 beds \| 2 baths \| 1,452 sq.ft.	$599,900	Airbnb cash on cash: 3.74% Traditional cash on cash: 3.58% Airbnb Rental Income: $3959 Traditional Rental Income: $3022 Airbnb ROI: 3.74% Traditional ROI: 3.58%
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 \| 6 baths \| 4,906 sq.ft.	$4,950,000	Airbnb cash on cash: -1.44% Traditional cash on cash: 0.96% Airbnb Rental Income: $2161 Traditional Rental Income: $12618 Airbnb ROI: -1.44% Traditional ROI: 0.96%
540 S Banana River Dr #105 Merritt Island, FL Direct waterfront community offering miles of views of the Banana River. The perfect backd...	3 beds \| 3 baths \| 1,743 sq.ft.	$490,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 2.65% Airbnb Rental Income: $2463 Traditional Rental Income: $2947 Airbnb ROI: 0.29% Traditional ROI: 2.65%
2295 Marsh Harbor Ave Merritt Island, FL Welcome to the island life! Immaculate S. Merritt Island Home in desirable gated community...	4 beds \| 3 baths \| 2,337 sq.ft.	$485,000	Airbnb cash on cash: 4.95% Traditional cash on cash: 3.71% Airbnb Rental Income: $3959 Traditional Rental Income: $2545 Airbnb ROI: 4.95% Traditional ROI: 3.71%
1377 Earl Dr Merritt Island, FL Warm, cozy, inviting cottage located near shopping and great schools. Home Warranty! Fully...	3 beds \| 1 baths \| 922 sq.ft.	$250,000	Airbnb cash on cash: 5.97% Traditional cash on cash: 7.33% Airbnb Rental Income: $2463 Traditional Rental Income: $2185 Airbnb ROI: 5.97% Traditional ROI: 7.33%
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.	$750,000	Airbnb cash on cash: 2.3% Traditional cash on cash: 3.03% Airbnb Rental Income: $3959 Traditional Rental Income: $3621 Airbnb ROI: 2.3% Traditional ROI: 3.03%
1500 S Harbor Dr Merritt Island, FL Great investment opportunity!!! Corner lot canal front home features: Open floor plan, ti...	3 beds \| 2 baths \| 1,768 sq.ft.	$549,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 3.83% Airbnb Rental Income: $2463 Traditional Rental Income: $3044 Airbnb ROI: 1.53% Traditional ROI: 3.83%
95 Peck Ave Merritt Island, FL Charming & updated, this delightful home is nestled in the well-established South Merritt ...	4 beds \| 2 baths \| 1,456 sq.ft.	$394,900	Airbnb cash on cash: 6.3% Traditional cash on cash: 5.23% Airbnb Rental Income: $3959 Traditional Rental Income: $2717 Airbnb ROI: 6.3% Traditional ROI: 5.23%
135 S Kenneth Ct Merritt Island, FL Getting to the beach in 9 minutes? Yes, please! Experience the ultimate Florida lifestyle ...	2 beds \| 1 baths \| 961 sq.ft.	$297,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 4.88% Airbnb Rental Income: $995 Traditional Rental Income: $1984 Airbnb ROI: 0.07% Traditional ROI: 4.88%
300 S Sykes Creek Pkwy #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: 0.35% Traditional cash on cash: 2.28% Airbnb Rental Income: $2463 Traditional Rental Income: $2650 Airbnb ROI: 0.35% Traditional ROI: 2.28%
1435 Anchor Ln Merritt Island, FL	4 beds \| 2 baths \| 1,697 sq.ft.	$750,000	Airbnb cash on cash: 3.11% Traditional cash on cash: 2.31% Airbnb Rental Income: $3959 Traditional Rental Income: $2547 Airbnb ROI: 3.11% Traditional ROI: 2.31%
4760 Honeyridge Ln Merritt Island, FL Nestled atop the serene and sought-after Honeymoon Hill, this extraordinary 5 bedroom, 5.5...	5 beds \| 5 baths \| 6,371 sq.ft.	$3,999,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 1.28% Airbnb Rental Income: $2161 Traditional Rental Income: $9950 Airbnb ROI: -0.97% Traditional ROI: 1.28%
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.	$288,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 5.84% Airbnb Rental Income: $2463 Traditional Rental Income: $2301 Airbnb ROI: 4.22% Traditional ROI: 5.84%
2145 Porpoise St Merritt Island, FL Welcome to Waterfront Living in Desirable Surfside Estates of Merritt Island! This Canal...	4 beds \| 2 baths \| 2,466 sq.ft.	$799,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 1.48% Airbnb Rental Income: $3959 Traditional Rental Income: $2792 Airbnb ROI: 1.91% Traditional ROI: 1.48%
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.	$219,000	Airbnb cash on cash: 6.08% Traditional cash on cash: 8.06% Airbnb Rental Income: $2463 Traditional Rental Income: $2273 Airbnb ROI: 6.08% Traditional ROI: 8.06%
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.	$2,290,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 3.96% Airbnb Rental Income: $3959 Traditional Rental Income: $10872 Airbnb ROI: 0.31% Traditional ROI: 3.96%
4137 Crooked Mile Rd Merritt Island, FL Welcome to 4137 Crooked Mile Road, featuring entry privacy that only a decades old mature ...	5 beds \| 3 baths \| 3,645 sq.ft.	$2,000,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 0.81% Airbnb Rental Income: $2161 Traditional Rental Income: $4011 Airbnb ROI: -0.48% Traditional ROI: 0.81%
1460 Hannah Dr Merritt Island, FL Price Adjustment on this updated waterfront pool home that is MOVE IN READY. It's a perfec...	3 beds \| 2 baths \| 1,392 sq.ft.	$575,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 4.03% Airbnb Rental Income: $2463 Traditional Rental Income: $3320 Airbnb ROI: 1.32% Traditional ROI: 4.03%
1840 Harbor Point Dr Merritt Island, FL Sprawling Mediterranean-style waterfront gated estate situated on .87 acres boasts Panoram...	5 beds \| 5 baths \| 5,628 sq.ft.	$3,495,000	Airbnb cash on cash: -1.05% Traditional cash on cash: 1.42% Airbnb Rental Income: $2161 Traditional Rental Income: $9620 Airbnb ROI: -1.05% Traditional ROI: 1.42%
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: 2.27% Traditional cash on cash: 4.29% Airbnb Rental Income: $2463 Traditional Rental Income: $2713 Airbnb ROI: 2.27% Traditional ROI: 4.29%
397 Milford Point Drive 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.	$1,299,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 2.91% Airbnb Rental Income: $2161 Traditional Rental Income: $5810 Airbnb ROI: -0.57% Traditional ROI: 2.91%
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: 1.3% Traditional cash on cash: 2.34% Airbnb Rental Income: $3959 Traditional Rental Income: $4218 Airbnb ROI: 1.3% Traditional ROI: 2.34%
4245 Hillview Cir 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.	$664,900	Airbnb cash on cash: 3.03% Traditional cash on cash: 3.28% Airbnb Rental Income: $3959 Traditional Rental Income: $3265 Airbnb ROI: 3.03% Traditional ROI: 3.28%
150 UTOPIA CIRCLE Merritt Island, FL 100K PRICE IMPROVEMENT! You won't find a better deal in BREVARD County!! Discover one of B...	5 beds \| 4 baths \| 5,308 sq.ft.	$1,149,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 4.39% Airbnb Rental Income: $2161 Traditional Rental Income: $6021 Airbnb ROI: 0.27% Traditional ROI: 4.39%
250 N Banana River Dr #F15 Merritt Island, FL GREAT INVESTMENT or SNOWBIRDS RETREAT!... FIRST FLOOR CONDO with BACK PORCH - 1Bedroom, 1B...	1 beds \| 1 baths \| 720 sq.ft.	$129,000	Airbnb cash on cash: 3.6% Traditional cash on cash: 7.53% Airbnb Rental Income: $1626 Traditional Rental Income: $1653 Airbnb ROI: 3.6% Traditional ROI: 7.53%
700 Milford Point Dr Merritt Island, FL One-of-a-kind Peninsula Waterfront Estate on Two Premium Lots.Welcome to a rare peninsula-...	5 beds \| 4 baths \| 4,040 sq.ft.	$2,300,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 1.3% Airbnb Rental Income: $2161 Traditional Rental Income: $5687 Airbnb ROI: -0.61% Traditional ROI: 1.3%
1085 Old Parsonage Dr Merritt Island, FL South Merritt Island Paradise in New Georgiana Settlement Nestled on a spacious .34-acre l...	3 beds \| 2 baths \| 2,355 sq.ft.	$585,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 5.32% Airbnb Rental Income: $2463 Traditional Rental Income: $3850 Airbnb ROI: 1.69% Traditional ROI: 5.32%

Real Estate investment in Merritt-island, FL

There are 307 properties for sale in the city of Merritt Island . The median list price in Merritt Island is $425,000 and the average price per square foot is $217. In May 2026, the average monthly cash on cash return in Merritt Island is 4.00%. The average monthly rental income in Merritt Island is $2,185.

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

There are 307 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 $2,185.

Your search for investment property begins and ends here

Investment Property for Sale in Merritt Island, FL

1315 Lester Ct

Merritt Island, FL

3 beds | 2 baths | 1,238 sq.ft.

$358,500

Airbnb cash on cash: 3.52%

Traditional cash on cash: 4.56%

Airbnb Rental Income: $2463

Traditional Rental Income: $2201

Airbnb ROI: 3.52%

Traditional ROI: 4.56%

430 Breakwater Dr #29

Merritt Island, FL

2 beds | 2 baths | 894 sq.ft.

$148,500

Airbnb cash on cash: -0.98%

Traditional cash on cash: 6.44%

Airbnb Rental Income: $995

Traditional Rental Income: $1695

Airbnb ROI: -0.98%

Traditional ROI: 6.44%

1383 Bent Palm Dr

Merritt Island, FL

4 beds | 3 baths | 2,426 sq.ft.

$614,000

Airbnb cash on cash: 3.75%

Traditional cash on cash: 3.6%

Airbnb Rental Income: $3959

Traditional Rental Income: $3022

Airbnb ROI: 3.75%

Traditional ROI: 3.6%

1095 Newfound Harbor Dr

Merritt Island, FL

2 beds | 1 baths | 840 sq.ft.

$850,000

Airbnb cash on cash: -0.68%

Traditional cash on cash: 1.11%

Airbnb Rental Income: $995

Traditional Rental Income: $2057

Airbnb ROI: -0.68%

Traditional ROI: 1.11%

435 S Courtenay Pkwy

Merritt Island, FL

4 beds | 2 baths | 1,360 sq.ft.

$300,000

Airbnb cash on cash: 8.65%

Traditional cash on cash: 6.65%

Airbnb Rental Income: $3959

Traditional Rental Income: $2545

Airbnb ROI: 8.65%

Traditional ROI: 6.65%

680 Sunset Ln

Merritt Island, FL

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

$539,900

Airbnb cash on cash: 4.02%

Traditional cash on cash: 5.81%

Airbnb Rental Income: $3959

Traditional Rental Income: $4011

Airbnb ROI: 4.02%

Traditional ROI: 5.81%

1340 Martin Blvd

Merritt Island, FL

3 beds | 2 baths | 1,555 sq.ft.

$424,000

Airbnb cash on cash: 3%

Traditional cash on cash: 3.69%

Airbnb Rental Income: $2463

Traditional Rental Income: $2136

Airbnb ROI: 3%

Traditional ROI: 3.69%

2175 S Tropical Trl

Merritt Island, FL

5 beds | 4 baths | 4,097 sq.ft.

$2,795,000

Airbnb cash on cash: -0.56%

Traditional cash on cash: 0.7%

Airbnb Rental Income: $2161

Traditional Rental Income: $4887

Airbnb ROI: -0.56%