For SaleGood Deal182 days on market
515 Palm Ave
515 Palm Ave, Merritt Island, FL 32952, Merritt Island, FL 32952
$259,500
Estimate®:$255,900
Listing Price
515 Palm Ave, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
182
Tax Assessed
$186k
Estimate®
$256k
Market Rate
Lot Size
7,841 sqft
Rent Estimate
$2,386/mo
Est. Cash Flow base
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
0.5 mi away
7
Thomas Jefferson Middle School
7-8
1.1 mi away
5
Merritt Island High School
PK,9-12
2.2 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 storycarportconcrete drivewaylarge mature treelandscaped front yardhorizontal sidingsuburbancozylow-pitched roofresidentialwalkway
Haven AI Verdict
Recommendation
Good
Confidence Score: 6/10
Exercise caution due to potential market volatility.
Cap Rate
7.10%
Total ROI
113.2%
Cash Flow
$189/mo
DSCR
1.14
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $189/mo net cash flow with a 7.1% cap rate. Underwriting indicates good fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.1%)
- • 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 |
|---|---|---|---|
| 2026-08-05 | Price change | $259,500 | $185 |
| 2026-07-13 | Price change | $262,500 | $188 |
| 2026-06-18 | Price change | $266,000 | $190 |
| 2026-05-06 | Price change | $269,000 | $192 |
| 2026-04-09 | Price change | $275,000 | $196 |
| 2026-03-25 | Listed for sale | $279,000 | $199 |
| 2019-05-05 | Listing removed | $1,350 | $1 |
| 2019-04-18 | Listed for rent | $1,350 | $1 |
| 2018-04-14 | Listing removed | $159,000 | $114 |
| 2018-04-12 | Price change | $159,000 | $114 |
| 2018-04-12 | Listing removed | $1,295 | $1 |
| 2018-04-11 | Listed for rent | $1,295 | $1 |
| 2018-03-27 | Price change | $164,900 | $118 |
| 2018-02-16 | Listed for sale | $169,900 | $121 |
| 2013-06-04 | Sold | $64,000 | $46 |
| 2013-05-30 | Pending sale | $72,000 | $51 |
| 2013-05-15 | Listed for sale | $72,000 | $51 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,520.15 | $186,240 |
| 2024 | $2,406.42 | $192,030 |
| 2023 | $2,377.97 | $192,420 |
| 2022 | $2,158.03 | $188,500 |
| 2021 | $1,917.43 | $134,910 |
| 2020 | $1,684.27 | $106,350 |
| 2019 | $1,612.94 | $107,030 |
| 2018 | $1,612.94 | $99,590 |
| 2017 | $1,543.43 | $80,900 |
| 2016 | $1,411.44 | $57,700 |
| 2015 | $1,246.69 | $54,110 |
| 2014 | $1,167.03 | $50,040 |
| 2013 | $0 | $45,240 |
| 2012 | $301.47 | $42,470 |
| 2011 | $396.3 | $47,790 |
| 2010 | $458.27 | $60,710 |
| 2009 | $418.92 | $74,260 |
| 2008 | $327.85 | $99,200 |
| 2007 | $327.62 | $120,000 |
| 2005 | $358.36 | $90,010 |
| 2004 | $342.05 | $68,870 |
| 2003 | $345.2 | $59,700 |
| 2002 | $355.5 | $51,180 |
| 2001 | $378.11 | $49,270 |
| 2000 | $369.08 | $46,620 |
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