Nestled in a serene Merritt Island neighborhood, this charming triplex offers an exceptional investment opportunity. Comprising three ready-to-rent units, it includes a 2 bed, 1.5 bath with an elegantly updated kitchen, a vacant 2 bed, 1 bath, and a cozy 1 bed, 1 bath unit, each promising comfort and convenience. The property has been significantly upgraded with a new septic system, fencing, water heater, and central AC, ensuring modern living standards. Additionally, it boasts a renovated patio, perfect for outdoor leisure, a functional pole barn in the spacious backyard, and separate storage facilities for added convenience. The electrical and plumbing systems are robust and well-maintained, as evidenced by a recent inspection report. This triplex is an ideal canvas for investors or homeowners looking to establish a lucrative rental venture or create a personalized living space in a tranquil setting. Wind Mitigation and 4 Point Report from 2021 available.
Sold for $515,000
$515,000
247 Island Beach Blvd, Merritt Island, FL 32952
5beds
4baths
2,784sqft
Triplex
Built in 1961
-- sqft lot
$514,300 Zestimate®
$185/sqft
$2,648 Estimated rent
Home value
$514,300
$468,000 - $566,000
$2,648/mo
Zestimate® history
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$3,374/mo
Est. payment
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$3,374/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Antonio Paxton Pizatella 321-961-1197,
Blue Marlin Real Estate
Bought with:
Ruben Garcia, 3086105
Garcia Real Estate & Mgmt Svc.
Source: Space Coast AOR,MLS#: 1003635
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Multi Units
Appliances
- Included: Convection Oven, Dishwasher, Electric Oven, Electric Water Heater, Microwave, Refrigerator
Features
- Flooring: Tile, Wood
- Has fireplace: No
Interior area
- Total interior livable area: 2,784 sqft
Property
Features
- Stories: 2
- Fencing: Fenced,Privacy,Wood
Lot
- Size: 0.26 Acres
Details
- Additional parcels included: 2501885
- Parcel number: 2536027500039.00018.00
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Concrete, Stucco
- Roof: Membrane
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Separate Electric Meters
Community & HOA
Community
- Subdivision: Island Beach Sheet 2
HOA
- Has HOA: No
Location
- Region: Merritt Island
Financial & listing details
- Price per square foot: $185/sqft
- Tax assessed value: $318,600
- Annual tax amount: $4,540
- Date on market: 2/1/2024
- Listing terms: Cash,Conventional
- Income includes: Rent Only
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 3/1/2024 | Sold | $515,000-1.9%$185/sqft |
Source: Space Coast AOR #1003635 Report a problem | ||
| 2/13/2024 | Contingent | $525,000$189/sqft |
Source: Space Coast AOR #1003635 Report a problem | ||
| 2/1/2024 | Listed for sale | $525,000-8.7%$189/sqft |
Source: Space Coast AOR #1003635 Report a problem | ||
| 1/9/2024 | Listing removed | -- |
Source:  Stellar MLS #T3466301 Report a problem | ||
| 10/7/2023 | Price change | $575,000-0.9%$207/sqft |
Source: Space Coast AOR #969751 Report a problem | ||
| 9/7/2023 | Price change | $580,000-3.2%$208/sqft |
Source: Space Coast AOR #969751 Report a problem | ||
| 8/2/2023 | Price change | $599,000-11.3%$215/sqft |
Source: Space Coast AOR #969751 Report a problem | ||
| 7/12/2023 | Listed for sale | $675,000+12.5%$242/sqft |
Source: Space Coast AOR #969751 Report a problem | ||
| 8/18/2022 | Listing removed | -- |
Source: Space Coast AOR #941926 Report a problem | ||
| 7/28/2022 | Listed for sale | $600,000+345.8%$216/sqft |
Source: Space Coast AOR #941926 Report a problem | ||
| 1/5/2021 | Sold | $134,600+8.5%$48/sqft |
Source: Public Record Report a problem | ||
| 5/4/2005 | Sold | $124,000+24%$45/sqft |
Source: Public Record Report a problem | ||
| 12/11/1995 | Sold | $100,000+4900%$36/sqft |
Source: Public Record Report a problem | ||
| 6/21/1995 | Sold | $2,000$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,787 +17.4% | $318,600 |
| 2024 | $4,929 +6.4% | $318,600 +11.7% |
| 2023 | $4,633 +23.5% | $285,120 +54.5% |
| 2022 | $3,752 +12.8% | $184,500 +27% |
| 2021 | $3,326 +8.8% | $145,320 +8% |
| 2020 | $3,055 +23.5% | $134,560 +22.4% |
| 2019 | $2,474 | $109,940 +4.7% |
| 2018 | $2,474 +1.7% | $105,000 +5% |
| 2017 | $2,432 +2.1% | $100,000 +11.1% |
| 2016 | $2,382 +3.8% | $90,000 +9.8% |
| 2015 | $2,295 +3.5% | $82,000 +5.1% |
| 2014 | $2,218 | $78,000 +8.3% |
| 2013 | -- | $72,000 -10.9% |
| 2012 | $1,226 -2.9% | $80,770 +15.3% |
| 2011 | $1,262 -8.1% | $70,070 -14.4% |
| 2010 | $1,374 -4.1% | $81,860 -12% |
| 2009 | $1,433 -15.6% | $93,020 -12.9% |
| 2008 | $1,697 -34.5% | $106,800 -24.8% |
| 2007 | $2,592 +27.5% | $142,000 +0.6% |
| 2005 | $2,033 +137.3% | $141,220 +53.3% |
| 2004 | $857 +3.9% | $92,130 +5.8% |
| 2003 | $824 -1.1% | $87,110 +13.4% |
| 2002 | $833 +1.5% | $76,800 +5.6% |
| 2001 | $821 +4.8% | $72,740 +6.9% |
| 2000 | $784 | $68,060 |
Find assessor info on the county website
Neighborhood: 32952
Nearby homes
- $376,3004 bd2 ba2.1k sqft231 Island Beach Blvd, Merritt Island, FL 32952Off Market
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- $348,8003 bd2 ba1.5k sqft265 Island Beach Blvd, Merritt Island, FL 32952Off Market
- $279,4003 bd1 ba1.2k sqft230 Island Beach Blvd, Merritt Island, FL 32952Off Market
Nearby schools
GreatSchools rating
- 8/10Tropical Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 7/10Thomas Jefferson Middle SchoolGrades: 7-8Distance: 0.7 mi
- 5/10Merritt Island High SchoolGrades: PK,9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Tropical
- Middle: Jefferson
- High: Merritt Island
Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$514,300
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$514,300
- Florida
- Brevard County
- Merritt Island
- 32952
- 247 Island Beach Blvd
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Nearby neighborhoods
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