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Here’s a rare, off-market flip opportunity on the Banana River in beautiful Merritt Island. There are many possibilities as the home sits on a large 1.14 acre lot in Newfound Harbor.
This property has a bonus guest suite that does not appear on county records however it includes a kitchenette, bedroom, full bathroom and stunning water views. The property is concrete block and has 5 bedrooms, 5 bathrooms, and has a 6 car garage. It will need complete updating throughout along with possibly opening up the kitchen to create an open-concept feeling. Some fresh landscaping and pool updating will also go a long way in helping bring the value up. Don’t miss your opportunity to turn this large home into a waterfront paradise.
Banana River Dr, No HOA
Est. Rehab: $158,000
Est. ARV: $1,150,000
- Address: Newfound Harbor Drive, Merritt Island, Florida 32952
- Price: $749,900
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 5
- Bathrooms: 5
- Total Square Feet: 5056
- Construction Type: Block
- Year Built: 1982