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$1,850,000

Beds
3
Baths
2.0
sq ft
2,609

9400 S Tropical Trl, Merritt Island, FL 32952

9400 S Tropical Trl

Merritt Island, FL 32952

  • 63 days on market
    • Price drop $50,000↓
Discover unparalleled potential in one of the last remaining large river-to-river estate properties on South Merritt Island. Spanning 1.5 acres, this remarkable lot offers full frontage on both the serene Indian River and the picturesque Banana River, providing breathtaking water views from every angle. The existing home, rebuilt in 2005, includes a 30+ year metal roof, original terrazzo floors throughout and hurricane high impact windows. For those with a vision for expansion or development, the unique possibility of division into two separate lots, but Buyer must do their due diligence to determine options. Embrace the rare chance to own a piece of Merritt Island's legacy, where the value truly lies in the expansive, versatile land. Whether you envision a private retreat, a family compound, or an investment in prime real estate, this estate presents endless possibilities.

Details

Property type

Single Family Residence

Est. home value

$2,007,728

Property condition

Fixer

Lot size

1.5 acres

Price per sq ft

$710

Year built

1962

Annual property taxes

$10,479.5

Price History

09/10/2024
BrevardMLS

BrevardMLS #1019874

Price change
$1,850,000
-2.63%
07/18/2024
BrevardMLS

BrevardMLS #1019874

Listed
$1,900,000
+2.7%
06/14/2024
BrevardMLS

BrevardMLS #972537

Removed
$1,850,000

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

Bk Brevard

Loan start date

May 2002

Original loan amount

$165,000

Est. remaining balance

Not provided

Interest rate

7.13%

Loan type

New Conventional

Seller

Dale A Dettmer and Pamela J Dettmer

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: 09/19/2024 at 12:45 PM

Listing updated: 09/10/2024 at 11:40 AM

Listed by: Patrick PJ McLoughlin Jr., Real Broker, LLC Phone #: (855) 450-0442

MLS: BrevardMLS #1019874

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