Extraordinary opportunity to build your dream home directly on the Indian River in South Merritt Island. This 1.6 acre, partially cleared lot with current survey, sits just off historic South Tropical Trail, on a private road. Offering over 160 feet of Indian River frontage, privacy and a boat ramp, the opportunities are endless. Positioned between 520 and the Pineda Causeway, this lot provides easy access heading north or south, the beaches, Port Canaveral, NASA and I-95. This property is truly the epitome of what South Merritt Island is known for - a taste of Old Florida. Stocked with endless palms, oak trees and towering bamboo, and complete with nightly, lavish sunsets, this is truly Intracoastal paradise. Do not miss the chance to call this riverfront hideaway, your home!
Lot/land
$1,500,000
5405 Freedom Ln, Merritt Island, FL 32952
--beds
--baths
1.6Acres
Unimproved Land
Built in ----
1.6 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Riverfront hideawayPrivate road
- 38 days |
- 266 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Stacy-Anne Marie Zeller 321-785-7653,
Coldwell Banker Realty
Source: Space Coast AOR,MLS#: 1082501
Facts & features
Interior
Features
- Has fireplace: No
Video & virtual tour
Property
Features
- Has view: Yes
- View description: River, Trees/Woods, Water, Intracoastal
- Has water view: Yes
- Water view: River,Water,Intracoastal
- Waterfront features: Navigable Water, River Access, River Front, Intracoastal
- Body of water: Indian River
Lot
- Size: 1.6 Acres
- Features: Dead End Street, Easement Access, Many Trees, Wooded
Details
- Parcel number: 2537310000078.00000.00
- Zoning description: Residential
- Special conditions: Standard
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Natural Gas Not Available, Sewer Not Available, Water Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Merritt Island
Financial & listing details
- Tax assessed value: $891,380
- Annual tax amount: $10,695
- Date on market: 7/14/2026
- Listing terms: Cash,Conventional
- Road surface type: Dirt
Estimated market value
Not available
Estimated sales range
Not available
$2,240/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $1,500,000-6.3% |
Source: Space Coast AOR #1082501 Report a problem | ||
| 4/1/2025 | Listing removed | $1,600,000 |
Source: Space Coast AOR #1005727 Report a problem | ||
| 12/27/2024 | Price change | $1,600,000-11.1% |
Source: Space Coast AOR #1005727 Report a problem | ||
| 7/17/2024 | Price change | $1,800,000+28.6% |
Source:  St Augustine St Johns County BOR #SC1019561 Report a problem | ||
| 2/23/2024 | Listed for sale | $1,400,000+40% |
Source: Space Coast AOR #1005727 Report a problem | ||
| 7/28/2023 | Sold | $1,000,000-16.7% |
Source: Space Coast AOR #947908 Report a problem | ||
| 2/23/2023 | Contingent | $1,200,000 |
Source: Space Coast AOR #947908 Report a problem | ||
| 10/10/2022 | Listed for sale | $1,200,000 |
Source: Space Coast AOR #947908 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,695 +0.9% | $891,380 |
| 2024 | $10,598 +5.9% | $891,380 -0.7% |
| 2023 | $10,007 +9.6% | $897,500 |
| 2022 | $9,128 +16.1% | $897,500 +49% |
| 2021 | $7,859 +3.2% | $602,500 +6.1% |
| 2020 | $7,613 -3.2% | $568,000 |
| 2019 | $7,862 | $568,000 |
| 2018 | $7,862 -0.5% | $568,000 +359.7% |
| 2017 | $7,899 +7.4% | $123,562 -74.6% |
| 2016 | $7,357 -3% | $486,200 |
| 2015 | $7,587 +2.4% | $486,200 |
| 2014 | $7,413 | $486,200 +29.3% |
| 2013 | -- | $376,050 |
| 2012 | $6,680 -0.1% | $376,050 |
| 2011 | $6,686 -24.3% | $376,050 -30.3% |
| 2010 | $8,827 -10.6% | $539,700 -15.8% |
| 2009 | $9,872 -15.4% | $640,750 -15.2% |
| 2008 | $11,666 +1.2% | $756,000 |
| 2007 | $11,529 +25.7% | $756,000 +45.7% |
| 2005 | $9,170 | $518,750 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 32952
Nearby schools
GreatSchools rating
- 8/10Tropical Elementary SchoolGrades: PK-6Distance: 5.8 mi
- 7/10Thomas Jefferson Middle SchoolGrades: 7-8Distance: 5.2 mi
- 5/10Merritt Island High SchoolGrades: PK,9-12Distance: 8.4 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.
- $1,363,5801 acre5389 Freedom Ln, Merritt Island, FL 32952Off Market
- $2,300,0004 bd4 ba5.5k sqft5435 S Tropical Trl, Merritt Island, FL 32952Sold
- $753,0004 bd3 ba2.5k sqft5385 Freedom Ln, Merritt Island, FL 32952Off Market
- $2,745,1005 bd5 ba6.7k sqft5445 S Tropical Trl, Merritt Island, FL 32952Off Market
- $1,078,4004 bd3 ba2.9k sqft5375 Freedom Ln, Merritt Island, FL 32952Off Market
- $1,908,3003 bd3 ba3k sqft5255 S Tropical Trl, Merritt Island, FL 32952Off Market
- $1,003,5003 bd2 ba2.4k sqft5255 S Tropical Trl, Merritt Island, FL 32952Off Market
- $3,746,6004 bd4 ba3.5k sqft5495 S Tropical Trl, Merritt Island, FL 32952Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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