For SaleRisky Deal130 days on market
275 Bonita Dr
275 Bonita Dr, Merritt Island, FL 32952, Merritt Island, FL 32952
$849,000
Estimate®:$824,300
Listing Price
275 Bonita Dr, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
130
Tax Assessed
$531k
Estimate®
$824k
Market Rate
Lot Size
0.30 acres
Rent Estimate
$3,703/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.
8
Tropical Elementary School
PK-6
0.4 mi away
7
Thomas Jefferson Middle School
7-8
0.6 mi away
5
Merritt Island High School
PK,9-12
3.1 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 accentsattached garagetropical landscapingpalm treeslow-pitched roofasphalt drivewayrock gardencurb appealresidential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.82%
Total ROI
20.1%
Cash Flow
$-2,413/mo
DSCR
0.45
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,413/mo net cash flow with a 2.8% 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 | $849,000 | $289 |
| 2026-08-06 | Listed for sale | $874,000 | $297 |
| 2026-07-30 | Contingent | $874,000 | $297 |
| 2026-07-14 | Price change | $874,000 | $297 |
| 2026-06-15 | Price change | $899,000 | $306 |
| 2026-05-16 | Listed for sale | $925,000 | $315 |
| 2025-10-22 | Listing removed | $1,500 | $1 |
| 2025-09-25 | Price change | $1,500 | $1 |
| 2025-09-05 | Price change | $1,795 | $1 |
| 2025-07-30 | Price change | $1,995 | $1 |
| 2025-07-25 | Listed for rent | $2,000 | $1 |
| 2025-07-07 | Listing removed | $899,000 | $306 |
| 2025-06-04 | Price change | $899,000 | $306 |
| 2025-05-08 | Listed for sale | $949,900 | $323 |
| 2025-04-27 | Pending sale | $949,900 | $323 |
| 2025-03-13 | Listed for sale | $949,900 | $323 |
| 1989-06-01 | Sold | $82,900 | $28 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,955.39 | $203,250 |
| 2024 | $2,686.57 | $197,530 |
| 2023 | $2,644.98 | $191,780 |
| 2022 | $2,527.23 | $186,200 |
| 2021 | $2,606.03 | $180,780 |
| 2020 | $2,522.53 | $178,290 |
| 2019 | $2,466.56 | $174,290 |
| 2018 | $2,466.56 | $171,050 |
| 2017 | $2,021.4 | $167,540 |
| 2016 | $2,475.3 | $164,100 |
| 2015 | $2,508.85 | $162,960 |
| 2014 | $2,584.71 | $161,670 |
| 2013 | $0 | $202,280 |
| 2012 | $2,096.46 | $186,190 |
| 2011 | $2,017.51 | $152,070 |
| 2010 | $2,114.51 | $167,590 |
| 2009 | $2,632.83 | $208,410 |
| 2008 | $2,168.99 | $187,000 |
| 2007 | $2,256.43 | $210,000 |
| 2005 | $1,080.05 | $147,750 |
| 2004 | $1,079.85 | $119,350 |
| 2003 | $1,109.17 | $116,490 |
| 2002 | $1,083.46 | $101,280 |
| 2001 | $1,053.52 | $96,150 |
| 2000 | $962.41 | $86,450 |
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