1605 N Tropical Trail, Merritt Island, FL 32953 (MLS# 1040888)

Once-in-a-Lifetime WATERFRONT Opportunity: 7.66 Acres with 291 Feet of Riverfront- with 2 existing homes. ALL OFFERS ENCOURAGED! Rarely does a property of this caliber come to market. This stunning 7.66-acre estate offers an extraordinary opportunity for those seeking unrivaled waterfront living, investment potential, or development possibilities. Boasting approximately 5.51 acres of direct riverfront with 291 feet of pristine water frontage, this is a true gem with limitless potential. This property has the potential to be divided into three separate parcels—two prime waterfront properties, which include existing homes, and one additional vacant lot directly across the street, zoned for either single-family or multi-family with the ability to build up to 8 units. Whether you're looking to develop or create your own private oasis, the possibilities are endless. There is space to expand, add a pool, create dedicated RV/boat storage, build sheds, and more.

Supplements: The waterfront views are nothing short of spectacular, with plenty of room to build a dock and enjoy boating, fishing, or simply relaxing by the river. The property includes a thriving palm tree nursery which allows for possible property tax exemptions. The smaller of the two houses is move-in ready with some repairs needed. The main house, while in need of refurbishment, provides a blank canvas for a buyer to infuse their personal touch and elevate the property to its full potential. With the zoning allowing for one single-family home and an additional house on each of the waterfront properties, the buyer can easily envision a multi-generational compound or income-generating properties. Located just minutes from the beaches of Cocoa Beach and Cape Canaveral, this prime estate is ideally positioned for both leisure and convenience. Explore the Space Center, Disney World, and enjoy easy access to Orlando and Melbourne International airports and more. This is truly a once-in-a-lifetime opportunity to acquire a remarkable property that offers unparalleled space, waterfront access, and endless possibilities. Don't miss out! Schedule a private tour today and let your imagination run wild with the potential of this incredible estate.