$445,990
395 BACARDI Drive, Merritt Island, FL 32953
Not Validd
- Price
- $445,990
- Beds / Baths
- 3 / 2
- Living area
- 1,382 sqft
- Year built
- 1968
- Type
- Residential
- Lot
- 0.24 ac
- Garage
- 2
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Brevard
- Days on market
- 13
Investor & Renovation Opportunity in Merritt Island! Bring your vision to this corner-lot property offering tremendous potential for an investor, flipper, or buyer ready to create a home of their own. The interior is dated and will require significant updating and remodeling, but the property offers features that are difficult to replicate. Enjoy a large private pool, spacious outdoor living area, and deeded canal access with a boat slip and electric boat lift. The boat lift and waterfront equipment will require repair and updating. A newer roof provides a great starting point for the renovation. Situated on a generously sized corner lot with additional yard space, this property offers plenty of room to enhance the outdoor areas while taking advantage of the existing pool and waterfront access. The canal is near Ulumay Wildlife Sanctuary, a 600-acre conservation area known for kayaking, hiking, biking, bird watching, and enjoying Florida's natural surroundings. Conveniently located approximately 20 minutes from Kennedy Space Center, NASA, Blue Origin, and SpaceX, about 15 minutes from the beach, and approximately 50 minutes from Orlando. The current owner has never occupied the property, so buyers are encouraged to perform their own inspections and due diligence regarding the condition of the home, boat lift, dock, mechanical systems, and improvements. A unique opportunity to renovate, add value, and take advantage of the pool, corner lot, and deeded canal access.
What to check on this one
- Verify roof age/condition documentation; confirm it meets Brevard County insurer standards.
- Obtain 4-point inspection (age 1968); confirm flood insurance available for canal-adjacent property.
- Confirm flood zone designation with Brevard County; request elevation certificate if in AE/VE.
- Get boat lift/dock condition report; verify canal access deed and any maintenance obligations.
- Title search for liens, code violations, or back taxes on corner lot.
- Inspect plumbing type (polybutylene/cast-iron common in 1968); budget for likely replacement.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $356,792 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of OLYMPUS EXECUTIVE REALTY, INC. Data via realMLS (Northeast Florida MLS), updated Aug 19, 2026, 6:08 PM.
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