$400,000

1685 Savana Drive, Merritt Island, FL 32952

  • 5 beds |
  • 4 baths |
  • 2,523 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1959
  • Property Lot Size Icon0.35acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $159/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

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.

Listing Status:
Active
Date Added:
October 28, 2025 at 05:00AM
Listing Office:
EXP Realty, LLC : 888-883-8509
Listing Agent:
Lynnessa Wilson : 321-626-1377
MLS ID:
1060662
  • Appliances: DryerDishwasherElectric RangeRefrigeratorSolar Hot WaterWasher
  • A/C: Central AirElectricSeparate MetersVaries by UnitSplit System
  • Heating: CentralElectric
  • General: OtherGuest HouseOther
  • General: Aluminum SidingFrameVinyl SidingWood Siding
  • Originating MLS: Space Coast MLS (Space Coast Association of REALTORS®)
  • County: Brevard
  • Zoning: 24-37-30-75-0000m.0-0005.00
  • Fencing: Chain Link
  • Current Use: Multi-FamilyResidential
  • Utilities: Cable ConnectedElectricity ConnectedWater Connected200+ Amp Service100 Amp Service
  • Water: OtherPublic
  • Sewer: Septic Tank
  • Source: Space Coast MLS (Space Coast Association of REALTORS®)

This listing courtesy of Lynnessa Wilson, EXP Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Audubon Elementary School

1201 N Banana River Dr, Merritt Island, FL, 32952

Grades PK-6

0.98 miles away

J

Jefferson Middle School

1275 S Courtenay Pkwy, Merritt Island, FL, 32952

Grades 7-8

2.41 miles away

M

Merritt Island High School

100 Mustang Way, Merritt Island, FL, 32953

Grades 9-12

2.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.