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: 6.18% Traditional cash on cash: 3.87% Airbnb Rental Income: $3901 Traditional Rental Income: $2199 Airbnb ROI: 6.18% Traditional ROI: 3.87%
455 Riverside Avenue Merritt Island, FL Nestled in the heart of Merritt Island, this home effortlessly blends convenience, charm, ...	3 beds \| 3 baths \| 1,932 sq.ft.	$375,000	Airbnb cash on cash: 7.17% Traditional cash on cash: 6.77% Airbnb Rental Income: $3901 Traditional Rental Income: $2920 Airbnb ROI: 7.17% Traditional ROI: 6.77%
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: 4.5% Traditional cash on cash: 5.41% Airbnb Rental Income: $2528 Traditional Rental Income: $2167 Airbnb ROI: 4.5% Traditional ROI: 5.41%
1430 Holiday Boulevard Merritt Island, FL Live the waterfront lifestyle in Holiday Cove. This single story 3 bedroom, 2 bathroom can...	3 beds \| 2 baths \| 1,886 sq.ft.	$597,000	Airbnb cash on cash: 3.92% Traditional cash on cash: 3.3% Airbnb Rental Income: $3901 Traditional Rental Income: $2712 Airbnb ROI: 3.92% Traditional ROI: 3.3%
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: -0.01% Traditional cash on cash: 0.98% Airbnb Rental Income: $5753 Traditional Rental Income: $7461 Airbnb ROI: -0.01% 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.	$900,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 1.97% Airbnb Rental Income: $3817 Traditional Rental Income: $3485 Airbnb ROI: 1.38% Traditional ROI: 1.97%
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.	$519,000	Airbnb cash on cash: 4.87% Traditional cash on cash: 6.35% Airbnb Rental Income: $3817 Traditional Rental Income: $3710 Airbnb ROI: 4.87% Traditional ROI: 6.35%
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.	$539,900	Airbnb cash on cash: 3.91% Traditional cash on cash: 2.91% Airbnb Rental Income: $3901 Traditional Rental Income: $2558 Airbnb ROI: 3.91% Traditional ROI: 2.91%
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.	$729,990	Airbnb cash on cash: 2.6% Traditional cash on cash: 3.87% Airbnb Rental Income: $3817 Traditional Rental Income: $3859 Airbnb ROI: 2.6% Traditional ROI: 3.87%
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 \| N/A baths \| 1,715 sq.ft.	$745,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 0.31% Airbnb Rental Income: $3901 Traditional Rental Income: $2854 Airbnb ROI: 0.61% 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.	$899,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 1.89% Airbnb Rental Income: $3817 Traditional Rental Income: $3318 Airbnb ROI: 1.5% Traditional ROI: 1.89%
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.	$300,000	Airbnb cash on cash: 8.03% Traditional cash on cash: 8.14% Airbnb Rental Income: $3817 Traditional Rental Income: $3024 Airbnb ROI: 8.03% Traditional ROI: 8.14%
320 Nelson Drive Merritt Island, FL Discover this charming 3-bedroom, 2-bath home in the highly sought-after Rosedale neighbor...	3 beds \| 2 baths \| 1,366 sq.ft.	$289,900	Airbnb cash on cash: 8.84% Traditional cash on cash: 6.2% Airbnb Rental Income: $3901 Traditional Rental Income: $2342 Airbnb ROI: 8.84% Traditional ROI: 6.2%
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 \| N/A baths \| 2,634 sq.ft.	$1,449,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 1.4% Airbnb Rental Income: $3901 Traditional Rental Income: $3695 Airbnb ROI: 0.93% Traditional ROI: 1.4%
1665 SEA SHELL DRIVE Merritt Island, FL One or more photo(s) has been virtually staged. ** HUGE PRICE ADJUSTMENT + a home warranty...	3 beds \| 2 baths \| 2,136 sq.ft.	$595,000	Airbnb cash on cash: 3.36% Traditional cash on cash: 3.31% Airbnb Rental Income: $3901 Traditional Rental Income: $3033 Airbnb ROI: 3.36% Traditional ROI: 3.31%
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.	$335,000	Airbnb cash on cash: 6.15% Traditional cash on cash: 3.43% Airbnb Rental Income: $3901 Traditional Rental Income: $2205 Airbnb ROI: 6.15% Traditional ROI: 3.43%
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.	$2,150,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 0.12% Airbnb Rental Income: $3817 Traditional Rental Income: $3552 Airbnb ROI: -0.16% Traditional ROI: 0.12%
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: -0.29% Traditional cash on cash: 0.72% Airbnb Rental Income: $3817 Traditional Rental Income: $5332 Airbnb ROI: -0.29% 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 \| N/A baths \| 2,450 sq.ft.	$475,000	Airbnb cash on cash: 4.57% Traditional cash on cash: 3.1% Airbnb Rental Income: $3901 Traditional Rental Income: $2411 Airbnb ROI: 4.57% Traditional ROI: 3.1%
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 \| N/A baths \| 4,906 sq.ft.	$6,495,000	Airbnb cash on cash: -0.84% Traditional cash on cash: -0.42% Airbnb Rental Income: $5753 Traditional Rental Income: $7087 Airbnb ROI: -0.84% Traditional ROI: -0.42%
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.	$546,000	Airbnb cash on cash: 4.1% Traditional cash on cash: 3.65% Airbnb Rental Income: $3817 Traditional Rental Income: $2763 Airbnb ROI: 4.1% Traditional ROI: 3.65%
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: 1.65% Traditional cash on cash: -0.08% Airbnb Rental Income: $3901 Traditional Rental Income: $2164 Airbnb ROI: 1.65% Traditional ROI: -0.08%
280 Andros Drive Merritt Island, FL Minutes to the BEACH! NO HOA + pool + boat/RV parking! This 4BR/2BA, 2,376 SF corner-lot h...	4 beds \| 2 baths \| 2,376 sq.ft.	$419,900	Airbnb cash on cash: 5.53% Traditional cash on cash: 6.15% Airbnb Rental Income: $3817 Traditional Rental Income: $3236 Airbnb ROI: 5.53% 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: 1.04% Traditional cash on cash: 3.05% Airbnb Rental Income: $3817 Traditional Rental Income: $4862 Airbnb ROI: 1.04% 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: 3.14% Traditional cash on cash: 3.13% Airbnb Rental Income: $3817 Traditional Rental Income: $2982 Airbnb ROI: 3.14% Traditional ROI: 3.13%
1523 STAFFORD AVENUE Merritt Island, FL SELLERS OFFERING $7,500 BUYER INCENTIVES AND 2-YEAR HOME WARRANTY! PRICE IMPROVEMENT! Brin...	4 beds \| 3 baths \| 2,374 sq.ft.	$545,000	Airbnb cash on cash: 4.08% Traditional cash on cash: 4.36% Airbnb Rental Income: $3817 Traditional Rental Income: $3133 Airbnb ROI: 4.08% Traditional ROI: 4.36%
755 Larkview Street Merritt Island, FL Welcome to 755 Larkview Street in Merritt Island. This 4 bedroom, 2 bath home offers peace...	4 beds \| 2 baths \| 1,366 sq.ft.	$319,900	Airbnb cash on cash: 8.46% Traditional cash on cash: 6.38% Airbnb Rental Income: $3817 Traditional Rental Income: $2366 Airbnb ROI: 8.46% Traditional ROI: 6.38%
1395 Floral Lane Merritt Island, FL 3 BEDROOM 2 BATH POOL HOME WITH NO HOA! The fully renovated kitchen with stainless steel a...	3 beds \| 2 baths \| 1,244 sq.ft.	$379,900	Airbnb cash on cash: 6.49% Traditional cash on cash: 4.31% Airbnb Rental Income: $3901 Traditional Rental Income: $2284 Airbnb ROI: 6.49% 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 \| N/A baths \| 3,030 sq.ft.	$765,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 1.49% Airbnb Rental Income: $3817 Traditional Rental Income: $2576 Airbnb ROI: 2.07% Traditional ROI: 1.49%
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: -1.05% Traditional cash on cash: -0.13% Airbnb Rental Income: $2528 Traditional Rental Income: $2403 Airbnb ROI: -1.05% 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: -1.03% Traditional cash on cash: -0.43% Airbnb Rental Income: $2528 Traditional Rental Income: $2403 Airbnb ROI: -1.03% Traditional ROI: -0.43%
1005 Old Parsonage Drive Merritt Island, FL Nestled in the highly desirable New Georgiana Settlement, this Merritt Island estate combi...	3 beds \| 2 baths \| 2,151 sq.ft.	$699,000	Airbnb cash on cash: 2.86% Traditional cash on cash: 2.27% Airbnb Rental Income: $3901 Traditional Rental Income: $2680 Airbnb ROI: 2.86% Traditional ROI: 2.27%
32 Bogart Place Merritt Island, FL This home can be Purchased with NO INCOME VERIFICATION needed!!!! Charming updated and Cen...	2 beds \| N/A baths \| 1,184 sq.ft.	$259,900	Airbnb cash on cash: 4.87% Traditional cash on cash: 3.8% Airbnb Rental Income: $2528 Traditional Rental Income: $1654 Airbnb ROI: 4.87% Traditional ROI: 3.8%
365 Hula Circle Merritt Island, FL Looking for your beach house getaway so you can feel like you're on vaca all year long? HE...	3 beds \| 2 baths \| 1,682 sq.ft.	$385,000	Airbnb cash on cash: 6.35% Traditional cash on cash: 4.8% Airbnb Rental Income: $3901 Traditional Rental Income: $2504 Airbnb ROI: 6.35% Traditional ROI: 4.8%
410 Caracas Drive Merritt Island, FL This remarkable waterfront home on Sykes Creek offers the perfect blend of comfort, style,...	3 beds \| 2 baths \| 1,916 sq.ft.	$600,000	Airbnb cash on cash: 3.31% Traditional cash on cash: 2.51% Airbnb Rental Income: $3901 Traditional Rental Income: $2613 Airbnb ROI: 3.31% Traditional ROI: 2.51%
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 \| N/A baths \| 1,632 sq.ft.	$860,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 0.03% Airbnb Rental Income: $3901 Traditional Rental Income: $2768 Airbnb ROI: 0.39% 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: 3.34% Traditional cash on cash: 2.7% Airbnb Rental Income: $3901 Traditional Rental Income: $2673 Airbnb ROI: 3.34% Traditional ROI: 2.7%
1675 Vega Ave Merritt Island, FL SELLER IS WILLING TO OFFER CONCESSIONS TO A BUYER FOR HOME IMPROVEMENTS.: Experience the i...	4 beds \| 2 baths \| 1,616 sq.ft.	$569,000	Airbnb cash on cash: 3.46% Traditional cash on cash: 2.97% Airbnb Rental Income: $3817 Traditional Rental Income: $2733 Airbnb ROI: 3.46% 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.	$325,000	Airbnb cash on cash: 7.58% Traditional cash on cash: 4.09% Airbnb Rental Income: $3901 Traditional Rental Income: $1995 Airbnb ROI: 7.58% Traditional ROI: 4.09%
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.	$599,000	Airbnb cash on cash: 3.35% Traditional cash on cash: 4% Airbnb Rental Income: $3817 Traditional Rental Income: $3355 Airbnb ROI: 3.35% Traditional ROI: 4%

Real Estate investment in Merritt-island, FL

There are 165 properties for sale in the city of Merritt Island . The median list price in Merritt Island is $497,000 and the average price per square foot is $246. In October 2025, the average monthly cash on cash return in Merritt Island is 3.00%. The average monthly rental income in Merritt Island is $2,364.

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

There are 165 investment properties available for sale in Merritt-island.

In 2025, 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 $3,817.

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: 6.18%

Traditional cash on cash: 3.87%

Airbnb Rental Income: $3901

Traditional Rental Income: $2199

Airbnb ROI: 6.18%

Traditional ROI: 3.87%

455 Riverside Avenue

Merritt Island, FL

3 beds | 3 baths | 1,932 sq.ft.

$375,000

Airbnb cash on cash: 7.17%

Traditional cash on cash: 6.77%

Airbnb Rental Income: $3901

Traditional Rental Income: $2920

Airbnb ROI: 7.17%

Traditional ROI: 6.77%

450 Patrick Avenue

Merritt Island, FL

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

$290,500

Airbnb cash on cash: 4.5%

Traditional cash on cash: 5.41%

Airbnb Rental Income: $2528

Traditional Rental Income: $2167

Airbnb ROI: 4.5%

Traditional ROI: 5.41%

1430 Holiday Boulevard

Merritt Island, FL

3 beds | 2 baths | 1,886 sq.ft.

$597,000

Airbnb cash on cash: 3.92%

Traditional cash on cash: 3.3%

Airbnb Rental Income: $3901

Traditional Rental Income: $2712

Airbnb ROI: 3.92%

Traditional ROI: 3.3%

4297 Crooked Mile Road

Merritt Island, FL

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

$3,100,000

Airbnb cash on cash: -0.01%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $5753

Traditional Rental Income: $7461

Airbnb ROI: -0.01%

Traditional ROI: 0.98%

1620 Yount Drive

Merritt Island, FL

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

$900,000

Airbnb cash on cash: 1.38%

Traditional cash on cash: 1.97%

Airbnb Rental Income: $3817

Traditional Rental Income: $3485

Airbnb ROI: 1.38%

Traditional ROI: 1.97%

240 RIVERSIDE AVENUE

Merritt Island, FL

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

$519,000

Airbnb cash on cash: 4.87%

Traditional cash on cash: 6.35%

Airbnb Rental Income: $3817

Traditional Rental Income: $3710

Airbnb ROI: 4.87%

Traditional ROI: 6.35%

135 Richland Avenue

Merritt Island, FL

3 beds | 2 baths | 1,414 sq.ft.

$539,900

Airbnb cash on cash: 3.91%

Traditional cash on cash: 2.91%

Airbnb Rental Income: $3901

Traditional Rental Income: $2558

Airbnb ROI: 3.91%