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$2,975,000

Beds
6
Baths
3.5
sq ft
5,415

7575 S Tropical Trl, Merritt Island, FL 32952

7575 S Tropical Trl

Merritt Island, FL 32952

  • 382 days on market
    • Price drop $275,000↓
Experience luxury waterfront living at its finest! This 5,400+square foot estate is located at 7575 S. Tropical Trail- one of the premiere locations with over 230 ft. water frontage with breathtaking views of the Indian River. This exquisite two-story custom home was built in 1990 by a local custom home builder This spectacular estate nestled amidst mature landscaping, a private gate opens to the unsurpassed quality and craftsmanship throughout; features include 3 car side garage, 6 bedrooms, 3 full bathrooms, 1 half bath, Media Room, gym, office, coral fireplace, 2 sets of stairs leading to 2nd floor and grand entry. The gourmet chef's kitchen features quarts countertops, center island with stovetop, stainless steel appliances and a lovely breakfast nook area.. with stunning water views. Windows and doors in every room give the interior a bright & airy feel. The first floor showcases a spacious free-flowing layout with dramatic water views & 20+ft ceilings and multiple rear French doors leading to a covered patio, and summer kitchen overlooking the river and heated pool and spa. Enjoy stunning unobstructed sunset views from almost anywhere in this home. First floor features 2nd primary suite with ensuite bathroom leading to the pool, fitness room, formal dining room, bonus room, oversized media/game room, laundry room and custom office with spiral staircase leading to 2nd floor primary suite with attached balcony for sunset views. The second floor offers 5 bedrooms, 2 full baths and a bonus loft/office space. The private covered dock in deep water on the Indian River features a 10,000 lbs. rated boat lift and sundeck with unobstructed views of the vast waterway offering the ultimate in boating, fishing and water recreation. This pristine estate is located on 3 acres of meticulously maintained grounds and offers the rare opportunity to own one of the largest river frontage estates on South Tropical Trail with the ultimate in privacy while living close to excellent schools, shopping, amenities and the beaches. Don't miss the opportunity to own a truly luxurious home combined with ultimate waterfront living on a beautifully maintained property.'||chr(10)||'Merritt Island is situated on the Intracoastal waterways between the Indian River and the Banana River. Water surrounds this unique barrier island surrounded by dazzling waters making a backdrop for your lifestyle. Tropical Trail is a sought-after iconic street where massive stunning homes line the street that overlooks the tranquil waters of the water. Florida's largest island is home to NASA's Kennedy Space Center and Nearby is Cape Canaveral Air Force Station. The Merritt Island National Wildlife Refuge is over 140,000-acres of nature sanctuary. Ocean access is both to the North or South and just East is the sun-bronzed shoreline of the Atlantic Ocean. Sports enthusiasts love this area for biking, running, fishing, and paddle boarding. A short drive to charming Cocoa Village where shopping, dining, art, and gift stores are prevalent. Festivals, concerts, and weekly farmers markets are a regular occurrence. Orlando is less than an hour away where you still get the benefits of a large city, theme parks, and international airport while relishing the coastal lifestyle.'||chr(10)||'

Details

Property type

Single Family Residence

Est. home value

$3,141,742

Lot size

3.0 acres

Price per sq ft

$550

Year built

1990

Annual property taxes

$11,305.3

Price History

03/21/2024
BrevardMLS

BrevardMLS #968042

Price change
$2,975,000
-8.46%
06/20/2023
BrevardMLS

BrevardMLS #968042

Listed
$3,250,000

Schools & Community

Elementary school: 

Ocean Breeze

Middle school: 

DeLaura

High school: 

Satellite

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wells Fargo Bank Na

Loan start date

October 2018

Original loan amount

$750,000

Est. remaining balance

Not provided

Interest rate

3.82%

Loan type

Credit Line (Revolving), 30 year

Seller

Jeffrey S Araj and Christina Lynn Araj

Lender

Wells Fargo Bank Na

Loan start date

October 2018

Original loan amount

$750,000

Est. remaining balance

Not provided

Interest rate

3.82%

Loan type

Credit Line (Revolving), 30 year

Seller

Jeffrey S Araj and Christina Lynn Araj

Lender

Cardinal Financial Company Lp

Loan start date

August 2014

Original loan amount

$400,000

Est. remaining balance

Not provided

Interest rate

3.5%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Jeffrey S Araj

Lender

Cardinal Financial Company Lp

Loan start date

August 2014

Original loan amount

$400,000

Est. remaining balance

Not provided

Interest rate

3.5%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Jeffrey S Araj

Lender

First Union National Bank

Loan start date

April 2002

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

6.86%

Loan type

New Conventional

Seller

Jeffrey S Araj

Lender

First Union National Bank

Loan start date

April 2002

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

6.86%

Loan type

New Conventional

Seller

Jeffrey S Araj

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/05/2024 at 10:10 PM

Listing updated: 06/19/2024 at 3:53 PM

Listed by: Gregory Ellingson, Ellingson Properties Phone #: (321) 750-7050

MLS: BrevardMLS #968042

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