About This Property
Description from listing agentOnce in a lifetime opportunity to own an estate lot on S Tropical Trail, offering 353+/- feet of combined riverfront with 185+/- feet on the Banana River and 168 +/- feet on the Indian River. This 5.34- acre river to river property offers sweeping views to the east to capture inspiring sunrises over the Banana River and the Atlantic Ocean. Expansive westward views of sunset on the Indian River and Melbourne skyline are breathtaking. This unique property is one of the largest remaining single tracts of land and offers an abundance of trees and wildlife. Build your dream home of any size and look out over both rivers or subdivide the parcel into several magnificent waterfront homesites for a family compound or investment. Build onto the existing deep-water dock on the Indian River & add a dock or pavilion on the Banana River to enjoy sailing, kayaking, motorboating, fishing, etc. This serene, waterfront setting offers a blank canvas and an amazing river to river opportunity.
Space Coast Context
🚀 Launch Viewing — Good Views
22.7 mi from SLC-40
22.7 miles from SLC-40 — visible on clear days, especially at night.
Estimates only — verify with Google Maps.
Flood Risk
Special Flood Hazard Area (1% annual chance). Flood insurance is federally required for mortgages.
Estimated flood insurance: $2,000 – $6,000+ / yr — varies by coverage, elevation & insurer
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.
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.
Location
Get DirectionsAdditional Details
Schools
Elementary
Ocean Breeze
Middle School
DeLaura
High School
Satellite
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $23,710
- Property taxes
- $4,500
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $4.5M price — down payment shown: $900,000.
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.
