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$1,500,000 Just Listed

  • For Sale
  • Active
  • Vacant Land
  • 1.6 Acres
  • Updated 36 minutes ago
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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 for 5405 Freedom Ln

General

  • Price: $1,500,000
  • Taxes: $10,695 (2025)
  • Status: Active
  • Type: Vacant Land
  • Source: BrevardCounty
  • MLS ID: 1082501
  • Updated: Today (7/14/2026)
  • Added to Site: Today

Location

  • Area: 253 - S Merritt Island
  • County: Brevard
  • Subdivision: None
  • Driving Directions: From 520. 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

  • Sewer: Septic Tank
  • Water: Other
  • Cable Available: Yes
  • Utility Description: Cable Available, Natural Gas Not Available, Sewer Not Available, Water Available

Structural Information

  • Current Bldg. Use: Residential

Lot Features

  • Property View: River, Trees/Woods, Water, Intracoastal
  • Lot Size (Acres): 1.6
  • Lot Size (Sq. Ft.): 69,696
  • Frontage: Easement, Private Road
  • Street/Road Desc.: Dirt
  • Lot Features: Dead End Street, Easement Access, Many Trees, Wooded

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Name: Indian River

Financial Considerations

  • Tax Amount: $10,695.3
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 25-37-31-00-00078.0-0000.00
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 5405 Freedom Ln —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5405 Freedom Ln

School District:Brevard County School District
NameGradesDistance
Tropical Elementary School, Merritt Island, FL
885 South Courtenay Parkway, Merritt Island, FL 32952
K-65.8 mi
Merritt Island High School
100 Mustang Way, Merritt Island, FL 32953
9-128.3 mi
Thomas Jefferson Middle School, Merritt Island, FL
1275 South Courtenay Parkway, Merritt Island, FL 32952
7-85.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5405 Freedom Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/14/2026
Listed
$1,500,000
50%
MLS
7/28/2023
Sold
$1,000,000
—
Public Record
Get Price Alerts and Save Property
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 for 5405 Freedom Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,674
1%
$891,380
—
2024
$10,598
6%
$891,380
-1%
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
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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5405 Freedom Lane, Merritt Island, FL 32952 (MLS# 1082501) is a Vacant Land property with a lot size of 1.6 acres. 5405 Freedom Lane is currently listed for $1,500,000 and was received on July 14, 2026. This property is listed by Stacy-Anne Zeller from our Melbourne Office.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.

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