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
255 Viscount Avenue Merritt Island, FL Welcome to this beautifully maintained 3-bedroom, 2-bathroom, 2-car garage home, thoughtfu...	3 beds \| 2 baths \| 1,448 sq.ft.	$398,500	Airbnb cash on cash: 1.41% Traditional cash on cash: 3.87% Airbnb Rental Income: $1761 Traditional Rental Income: $2199 Airbnb ROI: 1.41% Traditional ROI: 3.87%
2049 Sykes Creek Drive Merritt Island, FL **WOW, You Want an Exclusive Waterfront Neighborhood w/a 4 Bedroom/3Bath/3CAR Garage LUXUR...	4 beds \| 3 baths \| 2,388 sq.ft.	$1,099,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 1.82% Airbnb Rental Income: $2133 Traditional Rental Income: $3684 Airbnb ROI: -0.23% Traditional ROI: 1.82%
450 Patrick Avenue Merritt Island, FL Desirable 2 bedrooms/ 2 bathrooms single family home in central Merritt Island. This home ...	2 beds \| 2 baths \| 1,341 sq.ft.	$290,500	Airbnb cash on cash: -0.81% Traditional cash on cash: 5.41% Airbnb Rental Income: $786 Traditional Rental Income: $2167 Airbnb ROI: -0.81% Traditional ROI: 5.41%
472 Newfound Harbor Drive Merritt Island, FL Beautifully maintained 3 bed, 2 bath move-in ready home on sought after Newfound Harbor Dr...	3 beds \| 2 baths \| 1,512 sq.ft.	$329,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 4.59% Airbnb Rental Income: $1761 Traditional Rental Income: $2218 Airbnb ROI: 1.55% Traditional ROI: 4.59%
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: -1.01% Traditional cash on cash: 0.98% Airbnb Rental Income: $2332 Traditional Rental Income: $7461 Airbnb ROI: -1.01% 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.	$845,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 2.16% Airbnb Rental Income: $2133 Traditional Rental Income: $3485 Airbnb ROI: -0.25% Traditional ROI: 2.16%
480 N Banana River Drive Merritt Island, FL Remodeled move-in ready 3 bed, 2 bath home with a 2-car garage and an oversized driveway. ...	3 beds \| 2 baths \| 1,721 sq.ft.	$367,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 4.93% Airbnb Rental Income: $1761 Traditional Rental Income: $2357 Airbnb ROI: 1.8% Traditional ROI: 4.93%
240 RIVERSIDE AVENUE Merritt Island, FL Waterfront Paradise! Located on a deep, navigable canal to Sykes Creek, this immaculate co...	4 beds \| 3 baths \| 1,926 sq.ft.	$518,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 6.36% Airbnb Rental Income: $2133 Traditional Rental Income: $3710 Airbnb ROI: 1.98% Traditional ROI: 6.36%
135 Richland Avenue Merritt Island, FL Beautiful Pool Home with Canal Access - Move-In Ready, Fully Furnished & Turnkey. Welcome ...	3 beds \| 2 baths \| 1,414 sq.ft.	$524,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.02% Airbnb Rental Income: $1761 Traditional Rental Income: $2558 Airbnb ROI: 0.41% Traditional ROI: 3.02%
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.	$699,990	Airbnb cash on cash: 0.6% Traditional cash on cash: 4.08% Airbnb Rental Income: $2133 Traditional Rental Income: $3859 Airbnb ROI: 0.6% Traditional ROI: 4.08%
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: -1.96% Traditional cash on cash: 0.31% Airbnb Rental Income: $1761 Traditional Rental Income: $2854 Airbnb ROI: -1.96% 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.	$850,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.05% Airbnb Rental Income: $2133 Traditional Rental Income: $3318 Airbnb ROI: -0.13% Traditional ROI: 2.05%
255 Birch Avenue Merritt Island, FL Welcome to this spacious 4-bedroom, 3-bath Merritt Island home. Perfectly blending comfort...	4 beds \| 3 baths \| 1,849 sq.ft.	$290,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 8.45% Airbnb Rental Income: $2133 Traditional Rental Income: $3024 Airbnb ROI: 3.2% Traditional ROI: 8.45%
270 Oahu Drive Merritt Island, FL Price Adjustment Schedule a showing of this charming 3-bedroom, 2-bathroom home is sit...	3 beds \| 2 baths \| 1,188 sq.ft.	$315,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 4.8% Airbnb Rental Income: $1761 Traditional Rental Income: $2025 Airbnb ROI: 2.29% Traditional ROI: 4.8%
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.	$1,449,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 1.4% Airbnb Rental Income: $1761 Traditional Rental Income: $3695 Airbnb ROI: -0.4% Traditional ROI: 1.4%
4341 Timothy Drive Merritt Island, FL Move-in ready home in a lovely gated 55+ community. Perfect for mom or dad with a walk-in ...	3 beds \| 2 baths \| 1,622 sq.ft.	$319,900	Airbnb cash on cash: 0.55% Traditional cash on cash: 3.63% Airbnb Rental Income: $1761 Traditional Rental Income: $2205 Airbnb ROI: 0.55% Traditional ROI: 3.63%
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.	$2,000,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 0.2% Airbnb Rental Income: $2133 Traditional Rental Income: $3552 Airbnb ROI: -0.86% Traditional ROI: 0.2%
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: -0.89% Traditional cash on cash: 0.72% Airbnb Rental Income: $2133 Traditional Rental Income: $5332 Airbnb ROI: -0.89% 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 \| 2 baths \| 2,450 sq.ft.	$470,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 3.15% Airbnb Rental Income: $1761 Traditional Rental Income: $2411 Airbnb ROI: 0.57% Traditional ROI: 3.15%
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.	$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%
3465 Sunset Ridge Drive Merritt Island, FL This home is located on a beautiful 18-hole course with a friendly clubhouse that serves f...	4 beds \| 2 baths \| 2,258 sq.ft.	$599,900	Airbnb cash on cash: 0.55% Traditional cash on cash: 2.13% Airbnb Rental Income: $2133 Traditional Rental Income: $2470 Airbnb ROI: 0.55% Traditional ROI: 2.13%
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.	$500,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 4.07% Airbnb Rental Income: $2133 Traditional Rental Income: $2763 Airbnb ROI: 1.56% Traditional ROI: 4.07%
202 IVORY CORAL LANE #507 Merritt Island, FL Welcome to Cape Crossing Resort and Marina, ideally situated in North Merritt Island along...	3 beds \| 2 baths \| 1,169 sq.ft.	$555,000	Airbnb cash on cash: -1.79% Traditional cash on cash: -0.08% Airbnb Rental Income: $1761 Traditional Rental Income: $2164 Airbnb ROI: -1.79% Traditional ROI: -0.08%
280 Andros Drive Merritt Island, FL Back Up Offers Being Accepted. Minutes to the BEACH! NO HOA + pool + boat/RV parking! This...	4 beds \| 2 baths \| 2,376 sq.ft.	$419,900	Airbnb cash on cash: 1.96% Traditional cash on cash: 6.15% Airbnb Rental Income: $2133 Traditional Rental Income: $3236 Airbnb ROI: 1.96% Traditional ROI: 6.15%
4385 Stillwaters Drive Merritt Island, FL Assumable 2.375% VA $750,000 Mortgage . Tucked away on a full acre in the exclusive Still ...	4 beds \| 4 baths \| 4,526 sq.ft.	$1,000,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 3.05% Airbnb Rental Income: $2133 Traditional Rental Income: $4862 Airbnb ROI: -0.47% 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: 0.99% Traditional cash on cash: 3.13% Airbnb Rental Income: $2133 Traditional Rental Income: $2982 Airbnb ROI: 0.99% Traditional ROI: 3.13%
1523 STAFFORD AVENUE Merritt Island, FL WOW - PRICE IMPROVEMENT! Bring your boat and settle right into this well-maintained home i...	4 beds \| 3 baths \| 2,374 sq.ft.	$525,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 4.51% Airbnb Rental Income: $2133 Traditional Rental Income: $3133 Airbnb ROI: 1.37% Traditional ROI: 4.51%
1685 Savana Drive 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%
1395 Floral Lane Merritt Island, FL 3 BEDROOM 2 BATH POOL HOME WITH HUGE OUTDOOR ENTERTAINING SPACE AND NO HOA! The fully reno...	3 beds \| 2 baths \| 1,244 sq.ft.	$379,900	Airbnb cash on cash: 1.49% Traditional cash on cash: 4.31% Airbnb Rental Income: $1761 Traditional Rental Income: $2284 Airbnb ROI: 1.49% 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 \| 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%
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: -3.83% Traditional cash on cash: -0.13% Airbnb Rental Income: $786 Traditional Rental Income: $2403 Airbnb ROI: -3.83% 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: -2.84% Traditional cash on cash: -0.43% Airbnb Rental Income: $786 Traditional Rental Income: $2403 Airbnb ROI: -2.84% Traditional ROI: -0.43%
2097 Hidden Grove Lane unit: 209 #209 Merritt Island, FL ENJOY TROPICAL LIVING AND AN OPEN FLOW FLOOR PLAN. High ceilings and crown crown molding t...	3 beds \| 2 baths \| 1,530 sq.ft.	$199,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 5.95% Airbnb Rental Income: $1761 Traditional Rental Income: $2263 Airbnb ROI: 0.73% Traditional ROI: 5.95%
130 Moore Avenue 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.	$295,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 4.41% Airbnb Rental Income: $1761 Traditional Rental Income: $1843 Airbnb ROI: 2.38% Traditional ROI: 4.41%
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: -1.83% Traditional cash on cash: 0.03% Airbnb Rental Income: $1761 Traditional Rental Income: $2768 Airbnb ROI: -1.83% Traditional ROI: 0.03%
300 Enola Place Merritt Island, FL (( RARE OPPORTUNITY - UNIQUE WATER PROPERTY )) MAGNIFICENT ''ONE OF A KIND'' ''KEY WEST ST...	3 beds \| 2 baths \| 1,933 sq.ft.	$649,900	Airbnb cash on cash: 0.4% Traditional cash on cash: 2.7% Airbnb Rental Income: $1761 Traditional Rental Income: $2673 Airbnb ROI: 0.4% Traditional ROI: 2.7%
1675 Vega Avenue Merritt Island, FL Currently the LOWEST priced waterfront home in coveted DIana Shores!! GORGEOUS WATER FRONT...	4 beds \| 2 baths \| 1,616 sq.ft.	$569,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 2.97% Airbnb Rental Income: $2133 Traditional Rental Income: $2733 Airbnb ROI: 0.82% Traditional ROI: 2.97%
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.	$315,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 4.25% Airbnb Rental Income: $1761 Traditional Rental Income: $1995 Airbnb ROI: 1.83% Traditional ROI: 4.25%
320 Raquette Court Merritt Island, FL Welcome to your Merritt Island retreat, where peaceful waterfront living meets modern upda...	3 beds \| 2 baths \| 1,762 sq.ft.	$385,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 5.23% Airbnb Rental Income: $1761 Traditional Rental Income: $2735 Airbnb ROI: 1.2% Traditional ROI: 5.23%
1220 Robin Drive 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.	$239,900	Airbnb cash on cash: 3.21% Traditional cash on cash: 6.19% Airbnb Rental Income: $1761 Traditional Rental Income: $1953 Airbnb ROI: 3.21% Traditional ROI: 6.19%

Real Estate investment in Merritt-island, FL

There are 172 properties for sale in the city of Merritt Island . The median list price in Merritt Island is $479,450 and the average price per square foot is $240. In December 2025, the average monthly cash on cash return in Merritt Island is 3.00%. The average monthly rental income in Merritt Island is $2,299.

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

There are 172 investment properties available for sale in Merritt-island.

In 2025, 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 $2,299.

Your search for investment property begins and ends here

Investment Property for Sale in Merritt Island, FL

255 Viscount Avenue

Merritt Island, FL

3 beds | 2 baths | 1,448 sq.ft.

$398,500

Airbnb cash on cash: 1.41%

Traditional cash on cash: 3.87%

Airbnb Rental Income: $1761

Traditional Rental Income: $2199

Airbnb ROI: 1.41%

Traditional ROI: 3.87%

2049 Sykes Creek Drive

Merritt Island, FL

4 beds | 3 baths | 2,388 sq.ft.

$1,099,900

Airbnb cash on cash: -0.23%

Traditional cash on cash: 1.82%

Airbnb Rental Income: $2133

Traditional Rental Income: $3684

Airbnb ROI: -0.23%

Traditional ROI: 1.82%

450 Patrick Avenue

Merritt Island, FL

2 beds | 2 baths | 1,341 sq.ft.

$290,500

Airbnb cash on cash: -0.81%

Traditional cash on cash: 5.41%

Airbnb Rental Income: $786

Traditional Rental Income: $2167

Airbnb ROI: -0.81%

Traditional ROI: 5.41%

472 Newfound Harbor Drive

Merritt Island, FL

3 beds | 2 baths | 1,512 sq.ft.

$329,000

Airbnb cash on cash: 1.55%

Traditional cash on cash: 4.59%

Airbnb Rental Income: $1761

Traditional Rental Income: $2218

Airbnb ROI: 1.55%

Traditional ROI: 4.59%

4297 Crooked Mile Road

Merritt Island, FL

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

$3,100,000

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%

1620 Yount Drive

Merritt Island, FL

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

$845,000

Airbnb cash on cash: -0.25%

Traditional cash on cash: 2.16%

Airbnb Rental Income: $2133

Traditional Rental Income: $3485

Airbnb ROI: -0.25%

Traditional ROI: 2.16%

480 N Banana River Drive

Merritt Island, FL

3 beds | 2 baths | 1,721 sq.ft.

$367,000

Airbnb cash on cash: 1.8%

Traditional cash on cash: 4.93%

Airbnb Rental Income: $1761

Traditional Rental Income: $2357

Airbnb ROI: 1.8%

Traditional ROI: 4.93%

240 RIVERSIDE AVENUE

Merritt Island, FL

4 beds | 3 baths | 1,926 sq.ft.

$518,000

Airbnb cash on cash: 1.98%

Traditional cash on cash: 6.36%

Airbnb Rental Income: $2133

Traditional Rental Income: $3710

Airbnb ROI: 1.98%