1605 N Tropical Trail, Merritt Island, FL 32953

$1,780,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1040888

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Property Type: Residential Bedrooms: 6 Baths: 3 Square Footage: 4,791 Lot Size (sq. ft.): 333,670 Status: Closed

Current Price: $1,780,000 List Date: 3/22/2025 Last Modified: 6/19/2025

Overview

Description

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 ... (Read more)

Listing Details MLS# 1040888

General Property Information

Bedrooms Total: 6
Bathrooms Total: 3
Bathrooms Full: 3
Living Area: 2648
Living Area Source: Public Records
Building Area Total: 4791
Accessibility Features YN: No
New Construction YN: No
Year Built: 1901
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 7.66
Lot Size Square Feet: 333670
Association YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 291
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Direction Faces: South
Senior Community YN: No
Pool Private YN: No
List Price/SqFt: 755.29
Sold Price/SqFt: 672.21

Property Features

Appliances: Electric Range; Gas Range; Refrigerator Construction Materials: Frame; Wood Siding Cooling: None Current Use: Residential Exterior Features: Balcony Heating: None Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: Cash; Conventional; FHA; Owner May Carry; VA Loan Lot Features: Many Trees; Split Possible Other Structures: Guest House Parking Features: Garage Patio And Porch Features: Covered; Porch; Wrap Around Possession: Close Of Escrow Property Condition: Fixer Roof: Metal; Shingle Sewer: Septic Tank Showing Requirements: Appointment Only; Call Listing Agent; No Sign; Showing Service Special Listing Conditions: Standard Utilities: Cable Connected; Electricity Connected; Water Connected; Propane View: Intracoastal; River; Trees/Woods; Water Water Source: Public; Well Waterfront Features: Intracoastal; Lagoon; Navigable Water; River Access; River Front Showing Considerations: Occupied

Contract Information

Original List Price: 2500000
Listing Contract Date: 2025-03-22
Property Sub Type: Single Family Residence

Location Tax and Legal

Street Number: 1605
Street Direction Prefix: N
Street Name: Tropical
Street Suffix: Trail
County: Brevard
State: FL
Postal Code: 32953
MLS Area Major: 251 - Central Merritt Island
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: 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.

Status Change Information

Major Change Timestamp: 2025-06-19T01:09:37Z
Major Change Type: Status Change
Price Change Timestamp: 2025-04-28T00:29:23Z
Status Change Timestamp: 2025-06-18
Purchase Contract Date: 2025-05-04
Close Date: 2025-06-18
Close Price: 1780000

More Information

DPR Eligible

DPR Eligible: No

Legal Details

Permission Granted to Advertise: Yes

Listing Office: Compass Florida LLC

Last Updated: June - 19 - 2025

Information is deemed to be reliable, but is not guaranteed.