1 / 7
For SaleLand / Lot
$2.5M
29 Lots Pine Island Road, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: None
0
Bathrooms

About This Property

Description from listing agent

Discover an extraordinary opportunity to develop 29 premium homesites on a sprawling 66-acre property, just 5 minutes from the renowned Kennedy Space Center. Perfectly positioned to attract employees from KSC, SpaceX, and Blue Origin, this development is a rare find, located only 3.5 miles from these major employers. Custom homes can be built as high as to 2 and 3 stories. This

Space Coast Context

🚀 Launch Viewing — Great Views

9.9 mi from SLC-40

9.9 miles from SLC-40 — clear launch views from your yard or roof on most days.

Aerospace Commute Guide
KSC3.4 mi~8 min
Boeing/KSC4.5 mi~10 min
SpaceX8.4 mi~19 min
Lockheed9 mi~20 min
Blue Origin11 mi~25 min
Northrop25.3 mi~56 min
L3Harris27.1 mi~1h

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
66 acres (2,874,960 sqft)
Days on Market
165
MLS Area
250 - N Merritt Island

Schools

Elementary

Carroll

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Feb 2, 2026
Parcel #
23-36-15-00-250
$2.5M

Listing Agent (for property info)

M
Michael Joseph DeVivo
Blue Marlin Real Estate
631-402-4695
Call Listing Agent

Estimated Monthly Payment

$15,509/mo
Principal & interest
$12,909
Property taxes
$2,450
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $2.5M price — down payment shown: $490,000.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1068252

Interested in this property?

Equal Housing Opportunity

MLS# 1068252 · Listing Broker: Blue Marlin Real Estate · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.