For SaleRisky Deal238 days on market
4070 S Tropical Trl
4070 S Tropical Trl, Merritt Island, FL 32952, Merritt Island, FL 32952
$1,890,000
Listing Price
4070 S Tropical Trl, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
238
Tax Assessed
$1268k
Lot Size
2.78 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
4.1 mi away
7
Thomas Jefferson Middle School
7-8
3.5 mi away
5
Merritt Island High School
PK,9-12
6.7 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
Mediterraneanstucco exteriorpaver drivewaycircular drivewayspaciousluxury hometwo-storyattached garagetropical landscapingarched windowspalmscurb appealhigh-end residential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.13%
Total ROI
92.2%
Cash Flow
$-145/mo
DSCR
0.99
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-145/mo net cash flow with a 6.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.1%)
- • 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 |
|---|---|---|---|
| 2026-01-30 | Listed for sale | $1,890,000 | $629 |
| 2025-12-22 | Listing removed | $2,000,000 | $665 |
| 2025-11-05 | Price change | $2,000,000 | $665 |
| 2025-08-01 | Price change | $2,150,000 | $715 |
| 2025-05-17 | Listed for sale | $2,190,000 | $729 |
| 2023-06-14 | Sold | $1,584,000 | $527 |
| 2023-06-04 | Contingent | $1,500,000 | $499 |
| 2023-06-01 | Listed for sale | $1,500,000 | $499 |
| 2021-04-08 | Sold | $1,050,000 | $349 |
| 2019-06-06 | Listing removed | $924,900 | $308 |
| 2019-03-15 | Price change | $924,900 | $308 |
| 2019-02-15 | Price change | $934,000 | $311 |
| 2018-12-11 | Listed for sale | $944,000 | $314 |
| 2016-02-19 | Sold | $679,000 | $226 |
| 2015-12-26 | Pending sale | $698,000 | $232 |
| 2015-12-12 | Listed for sale | $698,000 | $232 |
| 2014-08-22 | Sold | $579,900 | $193 |
| 2014-05-11 | Pending sale | $599,900 | $200 |
| 2014-04-24 | Price change | $599,900 | $200 |
| 2014-01-21 | Price change | $650,000 | $216 |
| 2013-11-02 | Price change | $700,000 | $233 |
| 2013-06-27 | Price change | $699,900 | $233 |
| 2013-06-13 | Price change | $799,900 | $266 |
| 2013-04-26 | Listed for sale | $825,000 | $274 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $16,213.87 | $1,268,300 |
| 2024 | $15,667.68 | $1,249,810 |
| 2023 | $13,312.75 | $1,059,640 |
| 2022 | $12,470.18 | $1,028,780 |
| 2021 | $9,701.92 | $730,760 |
| 2020 | $9,704.64 | $720,680 |
| 2019 | $9,770.34 | $708,390 |
| 2018 | $9,770.34 | $653,450 |
| 2017 | $9,248.24 | $640,010 |
| 2016 | $9,413.27 | $598,410 |
| 2015 | $9,267.06 | $594,260 |
| 2014 | $9,593.59 | $370,400 |
| 2013 | $0 | $637,470 |
| 2012 | $5,021.82 | $588,140 |
| 2011 | $4,860.33 | $593,400 |
| 2010 | $4,400.46 | $687,260 |
| 2009 | $4,032.87 | $797,380 |
| 2008 | $4,033.65 | $929,000 |
| 2007 | $4,045.48 | $869,000 |
| 2005 | $4,418.67 | $874,370 |
| 2004 | $4,458.83 | $672,800 |
| 2003 | $4,607.76 | $645,800 |
| 2002 | $4,537.01 | $382,510 |
| 2001 | $4,436.21 | $363,780 |
| 2000 | $4,095.8 | $345,900 |
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