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Last updated on November 25th, 2025

High Density Development Site

$449,900

Pioneer Road & Lewis Carroll Avenue, Merritt Island, Florida 32953


Land Size9.63 Acres
ZoningRU-1-11
WaterCounty
SewerCounty
ElectricFPL

Key Features:

  • Future Land Use: R-15 Multifamily - up to 15 units/acre.
  • Infill location surrounded by established residential and new development activity.
  • Located within a growing residential corridor experiencing active builder/investor demand.
  • Market-Supported Product — strong rental demand and limited land availability for multifamily.
  • Excellent long-term hold opportunity with zoning upside already in place.
  • Minutes to Space Coast Aerospace Corridor — Blue Origin, SpaceX, NASA Kennedy Space Center.
  • High-income Workforce Nearby — Space Coast wage averages consistently exceed state and national averages.

PROPERTY SIZE: 9.63 Acres
CURRENT ZONING: RU-1-11: Single Family Residential
FUTURE ZONING: RR-15: Multifamily Residential (15 Units/ Acre)
UTILITIES: Future Connection County Water & Sewer Required, FPL Available
R.E. TAXES: $6,967.31 (2025)
SALE PRICE: $449,900


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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