For SaleLand / Lot
$120K
475 Pine Island Road, Merritt Island, FL 32953
Merritt Island neighborhood
Subdivision: None
0
Bathrooms

About This Property

Description from listing agent

Discover Nearly 5 Acres of Untouched Potential in North Merritt Island! Experience the peace and privacy of this beautifully wooded property, an ideal setting to build your custom dream home, barn, gardens, or retreat. Approximately 1.36 acres consist of uplands, offering a solid foundation surrounded by mature trees and lush native vegetation. Across the road, a canal provides convenient waterfront access, ideal for small boats or kayaks. Just minutes away, explore Pine Island Conservation Area with kayak launches, an observation deck, and over 7 miles of scenic hiking trails. This prime location is only 8 minutes from Kennedy Space Center, 24 minutes to Cocoa Beach, and about an hour to Orlando attractions. Explore local history at Sam's House historic site, or visit SpaceX, Blue Origin, and Port Canaveral. Survey and Environmental Study available. Don't miss this rare opportunity to own a slice of natural Florida with endless possibilities!

Space Coast Context

🚀 Launch Viewing — Great Views

9.4 mi from SLC-40

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

Aerospace Commute Guide
KSC3.1 mi~7 min
Boeing/KSC4 mi~9 min
SpaceX7.6 mi~17 min
Lockheed8.3 mi~18 min
Blue Origin10.2 mi~23 min
Northrop25 mi~56 min
L3Harris26.8 mi~1h

Estimates only — verify with Google Maps.

Flood Risk

Zone AE — High 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.

Price History

Date
Event
Price
  • 8/7/26
    Price change
    $120K -11.1%
  • 6/16/26
    Price change
    $135K -6.9%

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
2 reductions
Originally listed at $135,000 · Cut $24,995 total
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
4.89 acres (213,008 sqft)
Waterfront
Yes
Days on Market
311
MLS Area
250 - N Merritt Island

Schools

Elementary

Carroll

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Oct 20, 2025
Parcel #
23-36-14-00-00505.0-0000.00
$120K

Listing Agent (for property info)

S
Shannon Michelle Trayers
Florida Lifestyle Realty LLC
321-499-7554
Call Listing Agent

Estimated Monthly Payment

$902/mo
Principal & interest
$632
Property taxes
$120
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $120K price — down payment shown: $24,000.

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# 1060069

What's Nearby

fire stations
Courtenay Fire / Rescue Station 40
0.9 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1060069 · Listing Broker: Florida Lifestyle Realty LLC · 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.