MERRITT ISLAND, FL 32953

Merritt Island Coastal Gem | 3BD + 2BA Potential | $335K ARV

Affordable renovation opportunity in Merritt Island with strong resale potential and the opportunity to transform an existing 3-bedroom, 1-bathroom home into a desirable 3-bedroom, 2-bathroom layout. Situated in a residential area near the Banana River and Canaveral Barge Canal, this property combines coastal lifestyle appeal, convenient access to Space Coast employment centers, and proximity to beaches and waterfront recreation.

Property Highlights

• 3 Bedrooms / 1 Bathroom
• Potential Conversion to 3 Bedrooms / 2 Bathrooms
• 960 SqFt
• 0.17 Acre Lot
• Single-Family Home
• Opportunity to Add a Second Full Bathroom, Subject to Feasibility and Permits
• Full Renovation and Resale Opportunity
• Estimated Reno: $60,000
• Buy Now: $154,990
• ARV: $335,000

Neighborhood Highlights

• Located in Merritt Island, Brevard County, in an established residential area near the Banana River and Canaveral Barge Canal
• Approximately 3 minutes from Watts Park, featuring a playground, basketball and tennis courts, and access to nearby waterways for kayaking and paddleboarding
• Close to Kiwanis Island Park, an 18-acre waterfront recreation area offering fishing, boat ramps, walking trails, and opportunities to spot dolphins, manatees, and native wildlife
• Near Kelly Park East along the Banana River, a popular destination for boating, jet skiing, picnics, and viewing Space Coast rocket launches
• Convenient to waterfront dining at Dolphins Waterfront Bar & Grill, The Island Waterfront Bar & Grill, and local favorites such as Hola! Cuban Kitchen
• Approximately 10–15 minutes from Port Canaveral and Cocoa Beach, offering Atlantic Ocean beaches, cruise terminals, and coastal attractions
• Close to Kennedy Space Center, Cape Canaveral Space Force Station, and major aerospace and defense employment centers
• Easy access to N Courtenay Parkway and SR-528 for regional travel toward Orlando and surrounding Space Coast communities
• Convenient to Merritt Square Mall, grocery stores, restaurants, and everyday shopping amenities

Call/Text Joshua Shifrin — 917-767-7675 for access or questions.

Disclaimer

Broker participation is welcome at 3% on top of the buy now price. Approximately 2–3 weeks for closing. Selling “as-is.” Buyer is responsible for all closing costs and title insurance. Strongly prefer to use Manzo and Associates as the title company. Firm on price: Any offer below asking will not be considered.