For SaleRisky Deal23 days on market
11470 S Tropical Trl
11470 S Tropical Trl, Merritt Island, FL 32952, Merritt Island, FL 32952
$1,400,000
Estimate®:$1,321,000
Listing Price
11470 S Tropical Trl, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
23
Tax Assessed
$1657k
Estimate®
$1321k
Market Rate
Lot Size
0.35 acres
Rent Estimate
$3,888/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.
9
Ocean Breeze Elementary School
PK-6
0.9 mi away
7
Delaura Middle School
7-8
2.5 mi away
8
Satellite Senior High School
9-12
2.5 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
waterfrontcoastalpeninsularanch-styleswimming poolprivate dockstucco exteriortile roofluxuriousaerial viewbaysidelarge lottropical landscape
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
0.81%
Total ROI
-23.6%
Cash Flow
$-6,324/mo
DSCR
0.13
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-6,324/mo net cash flow with a 0.8% 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 |
|---|---|---|---|
| 2026-08-31 | Listed for sale | $1,400,000 | $670 |
| 1978-11-01 | Sold | $81,000 | $39 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,889.28 | $386,880 |
| 2024 | $4,609.48 | $375,980 |
| 2023 | $4,577.8 | $365,030 |
| 2022 | $4,269.54 | $354,400 |
| 2021 | $4,462.13 | $344,080 |
| 2020 | $4,438.42 | $339,330 |
| 2019 | $4,405.9 | $331,710 |
| 2018 | $4,405.9 | $325,530 |
| 2017 | $4,429.83 | $318,840 |
| 2016 | $4,499.51 | $492,520 |
| 2015 | $4,593.54 | $447,750 |
| 2014 | $4,783.64 | $424,190 |
| 2013 | $0 | $468,600 |
| 2012 | $4,520.16 | $454,360 |
| 2011 | $4,373.3 | $495,470 |
| 2010 | $3,957.53 | $615,440 |
| 2009 | $3,624.89 | $737,570 |
| 2008 | $3,625.52 | $856,000 |
| 2007 | $3,652.96 | $873,000 |
| 2005 | $3,976.79 | $815,540 |
| 2004 | $4,070.47 | $646,290 |
| 2003 | $4,152.97 | $642,520 |
| 2002 | $4,088.69 | $359,310 |
| 2001 | $3,993.77 | $339,170 |
| 2000 | $3,721.41 | $332,180 |
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