2 months on rocket

5405 Freedom Ln, Merritt Island, FL, 32952

$1,400,000

1.60 Acres
Land
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
WaterfrontRiver Front
ViewRiver
MLS #1005727
Lot Size1.60 Acres
StatusActive

About 5405 Freedom Ln

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!

Property Details

Property Features

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (321) 214-8400
  • Listing Agent: Stacy-Anne Marie Zeller

Exterior Features

Exterior Information:

  • Waterfront: River Front
  • View: River

Virtual/3D Tour

  • Virtual Tour: 5405 Freedom Ln

Virtual Tour

Lot Features

Lot Information:

  • Lot: Dead End Street, Many Trees
  • Lot Size: 1.60 Acres

School Info

Assigned Schools Information:

  • Merritt Island High School, Public District Grades PK-12
  • Thomas Jefferson Middle School, Public District Grades 7-8
  • Tropical Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: From 520. Head south on S Courtenay Pkwy. Continue onto S Tropical Trail. Turn right onto Freedom Ln. Property is at the end of the road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,400,000
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Housing Market Comparison

See how this home compares to others in Merritt Island, FL.

Med. Sold Price

$474.9K

Med. Price/SqFt

$247

Avg. Days On Market

56

# of Sold Homes

85

5405 Freedom Ln vs Merritt Island

74 DAYS ON ROCKET

+18 Days

$1,400,000

+$925K More

KEY TAKEAWAY

This property is $925K more than the Median Sold Price in Merritt Island, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #1005727

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (321) 214-8400
  • Listing Agent: Stacy-Anne Marie Zeller

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/7/2024, 5:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-7716548
8
/10
  • Tropical Elementary School

  • 885 S Courtenay Pkwy

  • 5.81 miles

  • Public District Grades KG-6

Middle School

school-card-donut-7716549
4
/10
  • Thomas Jefferson Middle School

  • 1275 S Courtenay Pkwy

  • 5.18 miles

  • Public District Grades 7-8

High School

school-card-donut-7716550
4
/10
  • Merritt Island High School

  • 100 Mustang Way

  • 8.21 miles

  • Public District Grades PK-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $131,416. Most Merritt Island, FL residents have annual incomes between $100k-200k. Typical family type is married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5405 Freedom Ln

What is the listing price of this property?

The listing price of 5405 Freedom Ln property is $1,400,000.

What type of property is this?

The property 5405 Freedom Ln is land located in Merritt Island, Florida, 32952.

Is this property for sale now?

Active Listing: 5405 Freedom Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5405 Freedom Ln are:
Tropical Elementary School: GreatSchools Rating 8/10
Thomas Jefferson Middle School: GreatSchools Rating 4/10
Merritt Island High School: GreatSchools Rating 4/10

How much acreage is this property?

The property 5405 Freedom Ln is 1.60 acres.
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Rocket HomesFloridaBrevard CountyMerritt Island329525405 Freedom Ln

This home is located at 5405 Freedom Ln in Merritt Island, FL and zip code 32952. This home sits on a 1.60 acre lot. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $1,400,000.

While more than 7 listings in Merritt Island, FL in April 2024 were sold above asking price, there were more than 17 listings sold at asking price, and more than 61 were sold below. The number of homes for sale in Merritt Island, FL increased by 8.3% between March 2024 and April 2024. In April 2024 median list price was $474,950 and the average listing age was 56 days.

From Rocket Homes Real Estate and based on county public records data.

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