For SaleRisky Deal72 days on market
1525 Sykes Creek Dr
1525 Sykes Creek Dr, Merritt Island, FL 32953, Merritt Island, FL 32953
$789,000
Estimate®:$763,800
Listing Price
1525 Sykes Creek Dr, Merritt Island, FL 32953
Loc: Merritt Island, FL
Days Listed
72
Tax Assessed
$691k
Estimate®
$764k
Market Rate
Lot Size
9,148 sqft
Rent Estimate
$3,071/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Mila Elementary School
PK-6
1.6 mi away
7
Thomas Jefferson Middle School
7-8
3.4 mi away
5
Merritt Island High School
PK,9-12
0.6 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
ranch stylesingle-storystucco exteriorstone accentsmetal roofarched entrywaysattached garagecanal-front propertyswimming poolpalm treestropical landscapingwaterfront livingcircular drivewaycoastal vibe
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.14%
Total ROI
5.3%
Cash Flow
$-2,689/mo
DSCR
0.34
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,689/mo net cash flow with a 2.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Merritt Island, FL
- • Long-term capital appreciation corridor
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 |
|---|---|---|---|
| 2026-09-10 | Price change | $789,000 | $333 |
| 2026-08-03 | Price change | $799,000 | $338 |
| 2026-07-13 | Listed for sale | $825,000 | $349 |
| 2026-02-28 | Listing removed | $850,000 | $359 |
| 2025-11-26 | Listed for sale | $850,000 | $359 |
| 2025-11-25 | Listing removed | $899,000 | $380 |
| 2025-09-11 | Price change | $899,000 | $380 |
| 2025-06-20 | Listed for sale | $930,000 | $393 |
| 2025-04-12 | Listing removed | $965,000 | $408 |
| 2025-02-25 | Price change | $965,000 | $408 |
| 2025-01-27 | Listed for sale | $975,000 | $412 |
| 2023-08-16 | Sold | $902,000 | $381 |
| 2023-07-23 | Contingent | $949,000 | $401 |
| 2023-07-07 | Listed for sale | $949,000 | $401 |
| 2021-03-02 | Sold | $570,000 | $241 |
| 2021-02-10 | Contingent | $575,000 | $243 |
| 2021-01-26 | Listed for sale | $575,000 | $243 |
| 2021-01-18 | Contingent | $575,000 | $243 |
| 2021-01-08 | Listed for sale | $575,000 | $243 |
| 2019-02-06 | Listing removed | $2,200 | $1 |
| 2019-01-24 | Listed for rent | $2,200 | $1 |
| 2017-01-17 | Listing removed | $2,000 | $1 |
| 2017-01-12 | Listed for rent | $2,000 | $1 |
| 2008-11-03 | Sold | $300,000 | $127 |
| 2005-10-06 | Sold | $515,000 | $218 |
| 2002-12-18 | Sold | $329,900 | $139 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $9,209.13 | $691,260 |
| 2024 | $9,265.2 | $716,080 |
| 2023 | $7,824.73 | $579,160 |
| 2022 | $7,118.19 | $542,160 |
| 2021 | $6,457.66 | $451,310 |
| 2020 | $5,957.26 | $403,760 |
| 2019 | $5,861.66 | $396,910 |
| 2018 | $5,861.66 | $367,730 |
| 2017 | $5,552.75 | $326,310 |
| 2016 | $5,229.04 | $299,680 |
| 2015 | $5,021.62 | $260,540 |
| 2014 | $4,435.36 | $236,860 |
| 2013 | $0 | $224,320 |
| 2012 | $3,477.24 | $195,760 |
| 2011 | $3,431.12 | $192,990 |
| 2010 | $3,698.67 | $226,150 |
| 2009 | $4,069.8 | $264,150 |
| 2008 | $4,660.11 | $302,000 |
| 2007 | $5,550.73 | $364,000 |
| 2005 | $3,903.03 | $324,310 |
| 2004 | $3,936.97 | $246,550 |
| 2003 | $4,067.46 | $224,110 |
| 2002 | $2,377.57 | $189,280 |
| 2001 | $2,321.15 | $185,620 |
| 2000 | $2,136.63 | $141,410 |
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