Last updated on November 25th, 2025
High Density Development Site
$449,900
Pioneer Road & Lewis Carroll Avenue, Merritt Island, Florida 32953
| Land Size | 9.63 Acres |
| Zoning | RU-1-11 |
| Water | County |
| Sewer | County |
| Electric | FPL |
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.