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5405 Freedom Lane, Merritt Island, FL 32952
$1,400,000
5405 Freedom Lane, Merritt Island, FL 32952View this property at 5405 Freedom Lane, Merritt Island, FL 32952
5405 Freedom LaneMerritt IslandFL32952
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Property Description
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!
Full Property Details
Full Property Details for 5405 Freedom Ln
General
- Price: $1,400,000
- Taxes: $9,127 (2022)
- Status: Active
- Type: Vacant Land
- MLS ID: 1005727
- Updated: 2/23/2024
- Added to Site: 65 day(s) ago
Location
- Area: 253 - S Merritt Island
- County: Brevard
- Subdivision: None
- Driving 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.
School Information
- Elementary School: Tropical
- Middle School: Jefferson
- High School: Merritt Island
Utilities
- Water: None
- Utility Description: Natural Gas Not Available, Sewer Not Available
Structural Information
- Current Bldg. Use: Residential, Single Family
Lot Features
- Property View: River
- Lot Size (Acres): 1.6
- Lot Size (Sq. Ft.): 69,696
- Lot Features: Dead End Street, Many Trees
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Indian River
Financial Considerations
- Tax Amount: $9,127.57
- Tax Year: 2022
- Terms: Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Special Conditions: Standard
- Legal Description: PART OF LOT 4 AS DESC IN ORB 5267 PG 389
- Property ID: 25-37-31-00-00078.0-0000.00
Listed by Compass Florida, LLC
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Schools
Schools serving 5405 Freedom Ln
School District:Brevard Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
885 S Courtenay Pkwy, Merritt Is, FL 32952 | PK-6 | 5.8 mi | |
1275 S Courtenay Pkwy, Merritt Is, FL 32952 | 7-8 | 5.2 mi | |
100 Mustang Way, Merritt Is, FL 32953 | 9-12 | 8.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5405 Freedom Ln
Date
Details
Price
Change
Source
2/22/2024
Listed
$1,400,000
40%
MLS
7/28/2023
Sold
$1,000,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5405 Freedom Ln
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,007
10%
$897,500
—
2022
$9,128
16%
$897,500
49%
2021
$7,859
—
$602,500
6%
2021
$7,859
-1%
$568,000
—
2018
$7,899
7%
$568,000
15%
2017
$7,357
-3%
$494,250
2%
2016
$7,587
-3%
$486,200
-14%
2019
$7,862
3%
$568,000
25%
2015
$7,654
3%
$455,010
10%
2014
$7,413
15%
$413,650
10%
2013
$6,445
—
$376,050
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5405 Freedom Ln
5405 Freedom Lane, Merritt Island, FL 32952 (MLS# 1005727) is a Vacant Land property with a lot size of 1.6 acres. 5405 Freedom Lane is currently listed for $1,400,000 and was received on February 22, 2024. Want to learn more about 5405 Freedom Lane? Do you have questions about finding other Vacant Land real estate for sale in Merritt Island? You can browse all Merritt Island real estate or contact a Coldwell Banker agent to request more information.