1685 Savana Drive Merritt Island, FL $ 400,000
1685 Savana Drive
$ 400,000
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1685 Savana Drive

Merritt Island, FL, 32952
$ 400,000
Bedrooms5 Baths4.0 Sq 2,523

Monthly Estimate*

$ 2,463

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Multi-Family Home for sale in Merritt Island, FL

for $400,000 with 5 bedrooms and 4 full baths. This 2,523 square foot home was built in 1959 on a lot size of 0.35.

Exceptional income-producing property offering two fully independent residences on one spacious lot, each with separate utility meters for ease of management. The main home features 4 bedrooms, 3 baths, and approximately 1,888 sq. ft. of living space with an open floor plan, granite kitchen island, updated finishes, and a large owner's suite with private bath. The guest house is a 1-bedroom, 1-bath unit with 635 sq. ft., currently tenant-occupied at $1,000/month, providing instant rental income. Both homes are well maintained and privately situated, offering a fenced yard, ample parking, and room for RV or boat storage. Ideal for owner-occupants seeking supplemental income or investors looking to expand their portfolio. Excellent value-add potential with the option to increase rents or convert to full investment use. Conveniently located near beaches, shopping, A-rated schools, and major employers on the Space Coast.

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Multi-Family Active

Price

$ 400,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,960

Style

Multi Family

Lot Size

0.35

Year Built

1959

Town/City

Merritt Island

County/Region

Brevard

MLS | Web ID

1060662

Features
General
Living Area 2523.0
Sewer Septic Tank
Heating Central Electric
Cooling Central Air Electric Separate Meters Varies by Unit Split System
Utilities Cable Connected Electricity Connected Water Connected
Appliances Dishwasher Dryer Electric Range Refrigerator Solar Hot Water Washer
Construction Materials Aluminum Siding Frame Vinyl Siding Wood Siding
Year Built 1959
Electric 100 Amp Service 200+ Amp Service
Tenant Pays Cable TV Electricity Trash Collection Water
Stories Count 1
Property Subtype Multi Family
Tax Year 2025
Current Use Multi-Family Residential
Additional Parcels Description 2437760
County Brevard
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Morningside Heights
Facing Direction North
Garage Y/N N
Other Structures Guest House Other
Full Baths 4
Status Active
Directions From 520 turn north on N Banana River Turn right onto Savana Drive house is second to last on the right.
High School Merritt Island
City Merritt Island
Senior Community Y/N N
Number Of Units Total 2
MLS Area 250 - N Merritt Island
Lot Size Units Acres
Lot Size Square Feet 15246.0
Carport Y/N N
Elementary School Audubon
Tax Annual Amount 3960.81
Home Warranty Y/N N
Middle/Junior High School Jefferson
Lease Renewal Y/N N
MLS Area Minor 250 - N Merritt Island
Lease Considered Y/N N
Standard Status Active
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Exterior
Exterior Amenities Other
Fencing Chain Link
Water Source Public Other
Lot Size Area 0.35
Number of Buildings 2
Spa N
Lot Size Acres 0.35
Waterfront Y/N N
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 5
Entry Level 1
Total Baths 4
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Internal Only
Street Number 1 1685
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* Excluded Features
List By
Exp Realty, Llc

Broker

Affordability Calculator

$2,793
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,463
Monthly Property Taxes
$330
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1362947 Elementary School
1362970 Middle School
Merritt Island High School High School
Pricing History
DatePricePrice ChangeDescription
10/28/2025$400,000 Listed Price

Map


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1685 Savana Drive, Merritt Island, FL, 32952 is a Multi-Family Home for sale at $400,000 with 2,523 sqft and a lot size of 0.35. 1685 Savana Drive has 5 bedrooms, 4.0 baths, and was built in 1959. The property's zip code is 32952 which is in Merritt Island, FL