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.

Condos for Sale in Merritt Island, FL

Search for Condo for Sale in Merritt Island, Florida. Browse all of Mashvisor’s Condo listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 70 Condo listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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%
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%
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%
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%
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%
490 Sail Lane unit: 301 #301 Merritt Island, FL Sought after CORNER DIRECT RIVER unit overlooking the Indian River sunset! Gorgeous update...	3 beds \| 2 baths \| 2,279 sq.ft.	$495,000	Airbnb cash on cash: -2.16% Traditional cash on cash: 1.31% Airbnb Rental Income: $1761 Traditional Rental Income: $2885 Airbnb ROI: -2.16% Traditional ROI: 1.31%
225 S Tropical Trl #708 Merritt Island, FL Discover this stunning waterfront condo offering million-dollar views in a secure, gated c...	1 beds \| 1 baths \| 426 sq.ft.	$169,900	Airbnb cash on cash: 0.32% Traditional cash on cash: 3.87% Airbnb Rental Income: $1090 Traditional Rental Income: $1327 Airbnb ROI: 0.32% Traditional ROI: 3.87%
2135 N Courtenay Pkwy #217 Merritt Island, FL Welcome to Island Village, a sought-after 55+ community in the heart of Merritt Island. Th...	3 beds \| 2 baths \| 1,285 sq.ft.	$230,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 3.24% Airbnb Rental Income: $1761 Traditional Rental Income: $1873 Airbnb ROI: 0.51% Traditional ROI: 3.24%
480 Sail Ln #705 Merritt Island, FL In a class of its own, this spectacular penthouse commands views across the Intracoastal f...	3 beds \| 2 baths \| 2,048 sq.ft.	$554,953	Airbnb cash on cash: -2.29% Traditional cash on cash: 1.15% Airbnb Rental Income: $1761 Traditional Rental Income: $3060 Airbnb ROI: -2.29% Traditional ROI: 1.15%
200 Bounty St #2208 Merritt Island, FL Absolutely STUNNING remodel only 4 miles to the beach, that's 6 minutes! A very open floor...	2 beds \| 1 baths \| 704 sq.ft.	$139,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 8.09% Airbnb Rental Income: $786 Traditional Rental Income: $1422 Airbnb ROI: 0.92% Traditional ROI: 8.09%
160 Bounty St #A1-101 Merritt Island, FL Have you always dreamed of inexpensive living near the beach? Look no further, this 2 bed...	2 beds \| 1 baths \| 704 sq.ft.	$135,000	Airbnb cash on cash: -3.41% Traditional cash on cash: 3.95% Airbnb Rental Income: $786 Traditional Rental Income: $1420 Airbnb ROI: -3.41% Traditional ROI: 3.95%
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: 0.27% Traditional cash on cash: 6.5% Airbnb Rental Income: $1090 Traditional Rental Income: $1482 Airbnb ROI: 0.27% Traditional ROI: 6.5%
300 S Sykes Creek Pkwy #204 Merritt Island, FL Merritt Towers is a meticulously maintained, professionally managed 224-unit condominium c...	1 beds \| 1 baths \| 984 sq.ft.	$204,900	Airbnb cash on cash: -3.46% Traditional cash on cash: 1.2% Airbnb Rental Income: $1090 Traditional Rental Income: $1624 Airbnb ROI: -3.46% Traditional ROI: 1.2%
505 Landings Way #12 Merritt Island, FL Enjoy island life in this updated 2/2 condo in quiet community with 2 pools that is centra...	2 beds \| 2 baths \| 894 sq.ft.	$159,900	Airbnb cash on cash: -2.71% Traditional cash on cash: 4.27% Airbnb Rental Income: $786 Traditional Rental Income: $1533 Airbnb ROI: -2.71% Traditional ROI: 4.27%
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%
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%
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%
205 Buccaneer Ave #C1-104 Merritt Island, FL Bring Your Boat! Coveted First Floor End Unit Co Op In The Heart Of The Banana River, Coco...	1 beds \| 1 baths \| 550 sq.ft.	$89,900	Airbnb cash on cash: 0.11% Traditional cash on cash: 5.15% Airbnb Rental Income: $1090 Traditional Rental Income: $1162 Airbnb ROI: 0.11% Traditional ROI: 5.15%
2135 N Courtenay Pkwy #D231 Merritt Island, FL You will find this 2bedroom/2bath unit located in Merritt Island conveniently located near...	2 beds \| 2 baths \| 1,187 sq.ft.	$159,000	Airbnb cash on cash: -3.19% Traditional cash on cash: 5.28% Airbnb Rental Income: $786 Traditional Rental Income: $1752 Airbnb ROI: -3.19% Traditional ROI: 5.28%
800 Del Rio Way #401 Merritt Island, FL Welcome to the Harbor Del Rio Community, ideally situated in Central Merritt Island. Featu...	3 beds \| 2 baths \| 1,850 sq.ft.	$415,000	Airbnb cash on cash: -0.85% Traditional cash on cash: 2.06% Airbnb Rental Income: $1761 Traditional Rental Income: $2410 Airbnb ROI: -0.85% Traditional ROI: 2.06%
215 Buccaneer Ave #3201 Merritt Island, FL Location, Location, Location. In The Heart Of The Banana River, Cocoa Beach And Port Canav...	2 beds \| 1 baths \| 704 sq.ft.	$125,000	Airbnb cash on cash: -4.04% Traditional cash on cash: 3.95% Airbnb Rental Income: $786 Traditional Rental Income: $1427 Airbnb ROI: -4.04% Traditional ROI: 3.95%
180 Minna Ln #404 Merritt Island, FL Investors dream. Need some TLC. This Unit is sold separately or can be purchased collecti...	2 beds \| 1 baths \| 775 sq.ft.	$80,000	Airbnb cash on cash: -1.17% Traditional cash on cash: 11.33% Airbnb Rental Income: $786 Traditional Rental Income: $1450 Airbnb ROI: -1.17% Traditional ROI: 11.33%
225 S Tropical Trl #423 Merritt Island, FL RENOVATED!! New luxury vinyl plank floors! Fresh interior paint! Updated kitchen with new ...	1 beds \| 1 baths \| 708 sq.ft.	$159,900	Airbnb cash on cash: -0.75% Traditional cash on cash: 4.25% Airbnb Rental Income: $1090 Traditional Rental Income: $1483 Airbnb ROI: -0.75% Traditional ROI: 4.25%
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%
2097 Hidden Grove Ln #209 Merritt Island, FL WOW! UNDER $200K for this amazing 3 bedrooms, 2 bathroom with a private garage located in ...	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%
801 Del Rio Way #404 Merritt Island, FL This spacious 3-bedroom, 2-bath condo offers an impressive 1,862 square feet of living spa...	3 beds \| 2 baths \| 1,862 sq.ft.	$425,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 2.34% Airbnb Rental Income: $1761 Traditional Rental Income: $2444 Airbnb ROI: -0.59% Traditional ROI: 2.34%
343 N Tropical Trl #306 Merritt Island, FL Island Cove Waterfront Condo - Rare 2-Car Garage & Seller Financing Available Located in M...	2 beds \| 2 baths \| 1,423 sq.ft.	$425,000	Airbnb cash on cash: -2.72% Traditional cash on cash: 2.46% Airbnb Rental Income: $786 Traditional Rental Income: $2530 Airbnb ROI: -2.72% Traditional ROI: 2.46%
195 Treasure St #A4-105 Merritt Island, FL 72 HOUR KICK OUT CLAUSE Resort style living under 200k with this 3 bedroom 2 bathroom co...	3 beds \| 2 baths \| 882 sq.ft.	$170,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 3.64% Airbnb Rental Income: $1761 Traditional Rental Income: $1709 Airbnb ROI: 0.99% Traditional ROI: 3.64%
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%
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 #314 Merritt Island, FL Introducing a one-of-a-kind living experience tailored for those who cherish the skies and...	3 beds \| 3 baths \| 1,715 sq.ft.	$745,000	Airbnb cash on cash: -2.08% Traditional cash on cash: 0.19% Airbnb Rental Income: $1761 Traditional Rental Income: $2854 Airbnb ROI: -2.08% Traditional ROI: 0.19%
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%

Your search for investment property begins and ends here

Condos for Sale in Merritt Island, FL

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%

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%

Traditional ROI: 0.77%

735 Pilot Lane unit: 603 #603

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%

Traditional ROI: 0.77%

735 Pilot Lane unit: 408 #408

Merritt Island, FL

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

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%