For SaleNeutral Deal175 days on market
2175 S Tropical Trl
2175 S Tropical Trl, Merritt Island, FL 32952, Merritt Island, FL 32952
$2,550,000
Listing Price
2175 S Tropical Trl, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
175
Tax Assessed
$1298k
Lot Size
0.30 acres
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
1.6 mi away
7
Thomas Jefferson Middle School
7-8
1.1 mi away
5
Merritt Island High School
PK,9-12
4.3 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
moderncontemporarywaterfrontstuccoflat-roofbalconyprivate-dockputting-greenluxurylakefrontgeometricminimalistdeck
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.29%
Total ROI
95.6%
Cash Flow
$142/mo
DSCR
1.01
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $142/mo net cash flow with a 6.3% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.3%)
- • 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 |
|---|---|---|---|
| 2026-09-22 | Price change | $2,550,000 | $622 |
| 2026-06-13 | Price change | $2,695,000 | $658 |
| 2026-04-30 | Price change | $2,795,000 | $682 |
| 2026-04-01 | Listed for sale | $2,850,000 | $696 |
| 2020-11-10 | Sold | $588,000 | $144 |
| 2020-10-09 | Pending sale | $600,000 | $146 |
| 2020-03-18 | Price change | $600,000 | $146 |
| 2020-01-17 | Price change | $640,000 | $156 |
| 2019-07-11 | Price change | $600,000 | $146 |
| 2019-06-04 | Listed for sale | $650,000 | $159 |
| 2019-05-02 | Listing removed | $646,000 | $158 |
| 2019-04-24 | Price change | $646,000 | $158 |
| 2019-02-14 | Price change | $649,500 | $159 |
| 2018-08-02 | Price change | $697,000 | $170 |
| 2018-06-23 | Listed for sale | $697,500 | $170 |
| 2016-06-27 | Listing removed | $624,500 | $152 |
| 2016-06-19 | Listed for sale | $624,500 | $152 |
| 2009-02-04 | Sold | $352,200 | $86 |
| 2008-12-16 | Listed for sale | $349,900 | $85 |
| 2008-06-23 | Sold | $632,000 | $154 |
| 2008-03-15 | Listing removed | $599,900 | $146 |
| 2008-02-01 | Price change | $599,900 | $146 |
| 2007-11-15 | Price change | $629,000 | $154 |
| 2007-08-08 | Price change | $735,000 | $179 |
| 2007-06-12 | Price change | $669,900 | $164 |
| 2007-02-12 | Listed for sale | $699,900 | $171 |
| 2000-01-19 | Sold | $274,000 | $67 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $16,284.19 | $1,297,890 |
| 2024 | $9,576.38 | $815,620 |
| 2023 | $8,021.43 | $591,560 |
| 2022 | $7,379.75 | $586,840 |
| 2021 | $7,084.19 | $485,770 |
| 2020 | $4,227.21 | $305,840 |
| 2019 | $4,187.68 | $298,970 |
| 2018 | $4,187.68 | $293,400 |
| 2017 | $4,203.93 | $287,370 |
| 2016 | $4,253.75 | $281,460 |
| 2015 | $4,335.07 | $279,510 |
| 2014 | $4,503.14 | $277,300 |
| 2013 | $0 | $287,160 |
| 2012 | $4,086.23 | $268,650 |
| 2011 | $3,630.01 | $242,770 |
| 2010 | $4,280.26 | $300,010 |
| 2009 | $6,844.04 | $444,210 |
| 2008 | $9,243.06 | $699,000 |
| 2007 | $9,820.56 | $737,000 |
| 2005 | $4,600.39 | $515,370 |
| 2004 | $4,642.73 | $314,060 |
| 2003 | $4,798.13 | $307,630 |
| 2002 | $4,724.89 | $257,660 |
| 2001 | $4,592.68 | $224,570 |
| 2000 | $3,428.38 | $209,050 |
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