For SaleNeutral Deal13 days on market
4747 S Tropical Trl
4747 S Tropical Trl, Merritt Island, FL 32952, Merritt Island, FL 32952
$5,900,000
Listing Price
4747 S Tropical Trl, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
13
Tax Assessed
$2800k
Lot Size
8.60 acres
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Tropical Elementary School
PK-6
5 mi away
7
Thomas Jefferson Middle School
7-8
4.3 mi away
5
Merritt Island High School
PK,9-12
7.6 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Mediterraneanluxury estatewaterfrontstucco exteriortile roofcircular drivewaymulti-storyspaciousgated-style entrancemanicured landscapingattached garagebalconysunset view
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.33%
Total ROI
96.4%
Cash Flow
$494/mo
DSCR
1.02
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $494/mo net cash flow with a 6.3% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.3%)
- • Strong rental demand in Merritt Island
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-11 | Listed for sale | $5,900,000 | $779 |
| 2012-03-01 | Sold | $520,000 | $69 |
| 2011-11-17 | Listing removed | $799,900 | $106 |
| 2011-06-10 | Price change | $799,900 | $106 |
| 2011-03-18 | Price change | $829,876 | $110 |
| 2010-11-23 | Listed for sale | $849,576 | $112 |
| 2004-03-22 | Sold | $590,000 | $78 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $27,281.67 | $2,229,740 |
| 2024 | $26,114.25 | $2,166,900 |
| 2023 | $26,073.92 | $2,103,790 |
| 2022 | $24,425.84 | $2,042,520 |
| 2021 | $26,057.12 | $1,983,030 |
| 2020 | $26,276.73 | $1,955,660 |
| 2019 | $26,449.94 | $1,911,700 |
| 2018 | $26,449.94 | $1,876,060 |
| 2017 | $26,689.25 | $1,912,000 |
| 2016 | $28,943.59 | $1,727,910 |
| 2015 | $27,447.95 | $610,460 |
| 2014 | $13,294.5 | $768,240 |
| 2013 | $0 | $480,610 |
| 2012 | $7,689.61 | $471,510 |
| 2011 | $7,776.07 | $475,970 |
| 2010 | $8,510.46 | $558,660 |
| 2009 | $9,650.51 | $663,890 |
| 2007 | $11,525.3 | $832,000 |
| 2005 | $15,640.4 | $954,010 |
| 2004 | $5,975.56 | $734,560 |
| 2003 | $6,178.12 | $706,200 |
| 2002 | $6,087.18 | $615,890 |
| 2001 | $5,954.41 | $586,380 |
| 2000 | $5,115.67 | $544,390 |
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