For SaleRisky Deal74 days on market
280 Tiki Dr
280 Tiki Dr, Merritt Island, FL 32953, Merritt Island, FL 32953
$485,000
Estimate®:$477,100
Listing Price
280 Tiki Dr, Merritt Island, FL 32953
Loc: Merritt Island, FL
Days Listed
74
Tax Assessed
$333k
Estimate®
$477k
Market Rate
Lot Size
9,583 sqft
Rent Estimate
$2,776/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
Audubon Elementary School
PK-6
1.4 mi away
7
Thomas Jefferson Middle School
7-8
2.8 mi away
5
Merritt Island High School
PK,9-12
0.5 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 exteriorattached garagelarge front lawnsuburbanmid-century influencelandscapeddrivewaysunnyresidentialmature treesimple architecture
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.01%
Total ROI
46.1%
Cash Flow
$-894/mo
DSCR
0.64
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-894/mo net cash flow with a 4.0% 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 |
|---|---|---|---|
| 2026-09-21 | Price change | $485,000 | $282 |
| 2026-08-19 | Price change | $500,000 | $291 |
| 2026-07-28 | Listed for sale | $525,000 | $305 |
| 2026-07-28 | Pending sale | $525,000 | $305 |
| 2026-07-20 | Price change | $525,000 | $305 |
| 2026-07-17 | Price change | $535,000 | $311 |
| 2026-07-11 | Listed for sale | $550,000 | $320 |
| 2025-04-28 | Listing removed | $2,700 | $2 |
| 2025-04-25 | Listed for rent | $2,700 | $2 |
| 2024-03-28 | Listing removed | $0 | – |
| 2024-03-11 | Price change | $2,700 | $2 |
| 2024-03-06 | Price change | $2,800 | $2 |
| 2024-03-01 | Listed for rent | $2,900 | $2 |
| 2023-02-11 | Listing removed | $0 | – |
| 2023-02-03 | Price change | $2,800 | $2 |
| 2023-02-03 | Price change | $525,000 | $305 |
| 2023-01-24 | Price change | $2,900 | $2 |
| 2023-01-24 | Price change | $527,500 | $307 |
| 2023-01-21 | Listed for rent | $3,000 | $2 |
| 2023-01-15 | Price change | $529,000 | $308 |
| 2023-01-04 | Price change | $529,500 | $308 |
| 2022-12-13 | Price change | $539,997 | $314 |
| 2022-12-09 | Price change | $539,998 | $314 |
| 2022-12-01 | Listed for sale | $539,999 | $314 |
| 2021-12-22 | Sold | $315,000 | $183 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,731.72 | $333,210 |
| 2024 | $4,708.31 | $343,730 |
| 2023 | $4,745.36 | $338,210 |
| 2022 | $4,277.5 | $312,370 |
| 2021 | $1,725.92 | $127,750 |
| 2020 | $1,669.39 | $125,990 |
| 2019 | $1,609.01 | $123,160 |
| 2018 | $1,609.01 | $120,870 |
| 2017 | $1,604.23 | $118,390 |
| 2016 | $1,604.99 | $115,960 |
| 2015 | $1,618.59 | $115,160 |
| 2014 | $1,656.27 | $114,250 |
| 2013 | $0 | $128,180 |
| 2012 | $1,271.54 | $110,690 |
| 2011 | $1,235.21 | $112,090 |
| 2010 | $1,114.91 | $128,680 |
| 2009 | $1,018.92 | $146,780 |
| 2008 | $1,018.02 | $170,200 |
| 2007 | $1,151.78 | $223,000 |
| 2005 | $1,240.92 | $181,920 |
| 2004 | $1,242.36 | $138,170 |
| 2003 | $1,277.16 | $114,090 |
| 2002 | $1,174.81 | $99,720 |
| 2001 | $1,215.64 | $95,510 |
| 2000 | $1,112.26 | $82,060 |
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