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
1740 Canal Court Merritt Island, FL Coming Soon! LOWEST PRICED Waterfront Pool home currently available with 2015 seawall/boat...	3 beds \| 2 baths \| 1,652 sq.ft.	$499,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 4.31% Airbnb Rental Income: $1761 Traditional Rental Income: $2812 Airbnb ROI: 1.03% Traditional ROI: 4.31%
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%
50 Needle Blvd #unit: 29 #29 Merritt Island, FL Don't miss the opportunity to buy...2 bedroom 1.5 bath affordable townhouse located in cen...	2 beds \| 2 baths \| 900 sq.ft.	$149,000	Airbnb cash on cash: -2.5% Traditional cash on cash: 5.11% Airbnb Rental Income: $786 Traditional Rental Income: $1551 Airbnb ROI: -2.5% Traditional ROI: 5.11%
50 Needle Blvd #unit: 35 #35 Merritt Island, FL Owner financing is available for this 2 bedroom 1.5 bath townhouse located in central Merr...	2 beds \| 2 baths \| 900 sq.ft.	$149,000	Airbnb cash on cash: -2.5% Traditional cash on cash: 5.11% Airbnb Rental Income: $786 Traditional Rental Income: $1551 Airbnb ROI: -2.5% Traditional ROI: 5.11%
222 IVORY CORAL LANE #102 Merritt Island, FL Beautifully furnished 3 bed 2.5 Bath townhome in Cape Crossing. The fully furnished home i...	3 beds \| 3 baths \| 1,483 sq.ft.	$479,000	Airbnb cash on cash: -0.66% Traditional cash on cash: 1.63% Airbnb Rental Income: $1761 Traditional Rental Income: $2305 Airbnb ROI: -0.66% Traditional ROI: 1.63%
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%
200 S SYKES CREEK PARKWAY #A102 Merritt Island, FL Experience waterfront living at its best! This direct riverfront 2-bedroom, 2-bath ground-...	2 beds \| 2 baths \| 1,269 sq.ft.	$275,000	Airbnb cash on cash: -3.44% Traditional cash on cash: 3.49% Airbnb Rental Income: $786 Traditional Rental Income: $2262 Airbnb ROI: -3.44% Traditional ROI: 3.49%
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 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%
200 S Sykes Creek Parkway unit: A102 #A102 Merritt Island, FL Experience waterfront living at its best! This direct riverfront 2-bedroom, 2-bath ground-...	2 beds \| 2 baths \| 1,269 sq.ft.	$275,000	Airbnb cash on cash: -0.85% Traditional cash on cash: 5.95% Airbnb Rental Income: $786 Traditional Rental Income: $2229 Airbnb ROI: -0.85% Traditional ROI: 5.95%
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%
1445 Sunrise Drive Merritt Island, FL Attention Boaters, Fishermen, and Space Engineers! You'll appreciate all that this Concret...	4 beds \| 2 baths \| 2,142 sq.ft.	$599,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 3.92% Airbnb Rental Income: $2133 Traditional Rental Income: $3053 Airbnb ROI: 1.3% Traditional ROI: 3.92%
301 Sherwood Place Merritt Island, FL Welcome to Merritt Court! This unique 3-bedroom, 2-story townhome offers a spacious and fl...	3 beds \| 2 baths \| 1,224 sq.ft.	$239,900	Airbnb cash on cash: 3.46% Traditional cash on cash: 5.41% Airbnb Rental Income: $1761 Traditional Rental Income: $1720 Airbnb ROI: 3.46% Traditional ROI: 5.41%
2135 N Courtenay Parkway unit: 236 #236 Merritt Island, FL REDUCED, A MUST SEE!!This is the ONE You have been waiting for!! Desirable 2nd Floor W...	2 beds \| 2 baths \| 1,187 sq.ft.	$210,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 6.86% Airbnb Rental Income: $786 Traditional Rental Income: $1747 Airbnb ROI: 0.43% Traditional ROI: 6.86%
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%
50 Needle Boulevard unit: 6 #6 Merritt Island, FL Updated & Move-In Ready Condo! This 2-bedroom, 1.5-bath unit features fresh paint througho...	2 beds \| 2 baths \| 900 sq.ft.	$136,900	Airbnb cash on cash: 0.69% Traditional cash on cash: 9.25% Airbnb Rental Income: $786 Traditional Rental Income: $1592 Airbnb ROI: 0.69% Traditional ROI: 9.25%
821 Del Rio Way unit: 301 #301 Merritt Island, FL Amazing opportunity to own in Harbor Del Rio, located in the heart of Merritt Island. This...	3 beds \| 2 baths \| 1,850 sq.ft.	$325,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 2.61% Airbnb Rental Income: $1761 Traditional Rental Income: $2349 Airbnb ROI: -0.89% Traditional ROI: 2.61%
160 Bounty Street unit: A1-101 #A1-101 Merritt Island, FL Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bedr...	2 beds \| 1 baths \| 704 sq.ft.	$135,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 8.75% Airbnb Rental Income: $786 Traditional Rental Income: $1422 Airbnb ROI: 1.38% Traditional ROI: 8.75%
202 Ivory Coral Lane unit: 201 #201 Merritt Island, FL Two units! You can rent out one and live in the other. The pictures speak for themselves o...	4 beds \| 3 baths \| 1,896 sq.ft.	$898,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 2.5% Airbnb Rental Income: $2133 Traditional Rental Income: $3047 Airbnb ROI: 0.75% Traditional ROI: 2.5%
202 Ivory Coral Lane unit: 501 #501 Merritt Island, FL Two units! You can rent out one and live in the other. The pictures speak for themselves o...	4 beds \| 3 baths \| 1,896 sq.ft.	$998,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 1.63% Airbnb Rental Income: $2133 Traditional Rental Income: $3061 Airbnb ROI: 0.05% Traditional ROI: 1.63%
113 Las Palmas Merritt Island, FL Villa De Palmas! Well appointed home fully remodeled Pool home featuring 4 bed/2 bath and ...	4 beds \| 2 baths \| 1,907 sq.ft.	$549,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 4.45% Airbnb Rental Income: $2133 Traditional Rental Income: $3355 Airbnb ROI: 1.01% Traditional ROI: 4.45%
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%
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 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%
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%
480 Sail Ln #703 Merritt Island, FL THE STANDOUT TOP FLOOR direct riverfront unit at Island Pointe! Don't go through the hassl...	3 beds \| 2 baths \| 2,048 sq.ft.	$644,900	Airbnb cash on cash: -2.19% Traditional cash on cash: 0.71% Airbnb Rental Income: $1761 Traditional Rental Income: $3027 Airbnb ROI: -2.19% Traditional ROI: 0.71%
404 4th St Merritt Island, FL Adorable concrete block home, great location in Central Merritt Island. Updated kitchen an...	2 beds \| 1 baths \| 864 sq.ft.	$250,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 4.59% Airbnb Rental Income: $786 Traditional Rental Income: $1560 Airbnb ROI: 0.04% Traditional ROI: 4.59%
2135 N Courtenay Pkwy #107 Merritt Island, FL INEREST RATES HAVE DROPPED,!! RARE HIGHLY DESIREABLE GROUND FLOOR UNIT, imagine discoverin...	1 beds \| 1 baths \| 939 sq.ft.	$155,000	Airbnb cash on cash: -1.13% Traditional cash on cash: 3.62% Airbnb Rental Income: $1090 Traditional Rental Income: $1423 Airbnb ROI: -1.13% Traditional ROI: 3.62%
322 3rd St Merritt Island, FL This home is in a prime location on a dead end street in Central Merritt Island and is rea...	4 beds \| 2 baths \| 1,368 sq.ft.	$285,000	Airbnb cash on cash: 3.47% Traditional cash on cash: 6.98% Airbnb Rental Income: $2133 Traditional Rental Income: $2543 Airbnb ROI: 3.47% Traditional ROI: 6.98%
2658 Trails At Hidden Hbr Merritt Island, FL Meticulously maintained 4 bed, 2.5 bath pool home resting on a peaceful lake in River Grov...	4 beds \| 2 baths \| 2,316 sq.ft.	$599,999	Airbnb cash on cash: 1.1% Traditional cash on cash: 3.21% Airbnb Rental Income: $2133 Traditional Rental Income: $2767 Airbnb ROI: 1.1% Traditional ROI: 3.21%
4211 Timothy Dr Merritt Island, FL Welcome Home to a Warm & Relaxing FL Lifestyle! This STUNNING Remodeled Home is TURN-KEY R...	3 beds \| 2 baths \| 1,611 sq.ft.	$329,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 2.7% Airbnb Rental Income: $1761 Traditional Rental Income: $2252 Airbnb ROI: -0.45% Traditional ROI: 2.7%
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%
1390 Scorpious Ct Merritt Island, FL Reduced & Motivated! Waterfront pool remodeled home with 4 bedrooms & 3 bathrooms! Primary...	3 beds \| 2 baths \| 1,804 sq.ft.	$750,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 3.22% Airbnb Rental Income: $2133 Traditional Rental Income: $3314 Airbnb ROI: 0.76% Traditional ROI: 3.22%
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%
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%
250 Diana Blvd Merritt Island, FL Motivated Seller! Prime location sitting at the end of the canal offering unrestricted vie...	4 beds \| 2 baths \| 1,702 sq.ft.	$759,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 2.66% Airbnb Rental Income: $2133 Traditional Rental Income: $2819 Airbnb ROI: 0.92% Traditional ROI: 2.66%
300 S Sykes Creek Pkwy #308 Merritt Island, FL DIRECT WATERFRONT! PLENTY OF SUN ON THIS SOUTH CORNER WITH WRAPAROUND GLASS ENCLOSED BALCO...	3 beds \| 2 baths \| 1,702 sq.ft.	$399,900	Airbnb cash on cash: -0.68% Traditional cash on cash: 3.17% Airbnb Rental Income: $1761 Traditional Rental Income: $2720 Airbnb ROI: -0.68% Traditional ROI: 3.17%
821 Del Rio Way #504 Merritt Island, FL Experience PENTHOUSE living at its finest! This 5th-floor residence offers panoramic views...	3 beds \| 2 baths \| 1,862 sq.ft.	$415,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 2.43% Airbnb Rental Income: $1761 Traditional Rental Income: $2448 Airbnb ROI: -0.58% Traditional ROI: 2.43%

Real Estate investment in Merritt-island, FL

There are 377 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 March 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 377 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

1740 Canal Court

Merritt Island, FL

3 beds | 2 baths | 1,652 sq.ft.

$499,000

Airbnb cash on cash: 1.03%

Traditional cash on cash: 4.31%

Airbnb Rental Income: $1761

Traditional Rental Income: $2812

Airbnb ROI: 1.03%

Traditional ROI: 4.31%

140 Brandy Lane

Merritt Island, FL

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%

50 Needle Blvd #unit: 29 #29

Merritt Island, FL

2 beds | 2 baths | 900 sq.ft.

$149,000

Airbnb cash on cash: -2.5%

Traditional cash on cash: 5.11%

Airbnb Rental Income: $786

Traditional Rental Income: $1551

Airbnb ROI: -2.5%

Traditional ROI: 5.11%

50 Needle Blvd #unit: 35 #35

Merritt Island, FL

2 beds | 2 baths | 900 sq.ft.

$149,000

Airbnb cash on cash: -2.5%

Traditional cash on cash: 5.11%

Airbnb Rental Income: $786

Traditional Rental Income: $1551

Airbnb ROI: -2.5%

Traditional ROI: 5.11%

222 IVORY CORAL LANE #102

Merritt Island, FL

3 beds | 3 baths | 1,483 sq.ft.

$479,000

Airbnb cash on cash: -0.66%

Traditional cash on cash: 1.63%

Airbnb Rental Income: $1761

Traditional Rental Income: $2305

Airbnb ROI: -0.66%

Traditional ROI: 1.63%

202 IVORY CORAL LANE #507

Merritt Island, FL

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%

200 S SYKES CREEK PARKWAY #A102

Merritt Island, FL

2 beds | 2 baths | 1,269 sq.ft.

$275,000

Airbnb cash on cash: -3.44%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $786

Traditional Rental Income: $2262

Airbnb ROI: -3.44%

Traditional ROI: 3.49%

735 Pilot Lane unit: 606 #606

Merritt Island, FL

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%