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7575 S Tropical Trail
Merritt Island, FL 32952
$2,975,000
Conventional
Property
Bedroom
6
Bathroom
3
Property Type
Conventional
Square ft
5415
Property Description
Experience luxury waterfront living at its finest! This 5,400+square foot estate is located at 7575 S. Tropical Trail- one of the premiere locations with over 230 ft. water frontage with breathtaking views of the Indian River. This exquisite two-story custom home was built in 1990 by a local custom home builder This spectacular estate nestled amidst mature landscaping, a private gate opens to the unsurpassed quality and craftsmanship throughout; features include 3 car side garage, 6 bedrooms, 3 full bathrooms, 1 half bath, Media Room, gym, office, coral fireplace, 2 sets of stairs leading to 2nd floor and grand entry. The gourmet chef's kitchen features quarts countertops, center island with stovetop, stainless steel appliances and a lovely breakfast nook area.. with stunning water views. Windows and doors in every room give the interior a bright & airy feel. The first floor showcases a spacious free-flowing layout with dramatic water views & 20+ft ceilings and multiple rear French doors leading to a covered patio, and summer kitchen overlooking the river and heated pool and spa. Enjoy stunning unobstructed sunset views from almost anywhere in this home. First floor features 2nd primary suite with ensuite bathroom leading to the pool, fitness room, formal dining room, bonus room, oversized media/game room, laundry room and custom office with spiral staircase leading to 2nd floor primary suite with attached balcony for sunset views. The second floor offers 5 bedrooms, 2 full baths and a bonus loft/office space. The private covered dock in deep water on the Indian River features a 10,000 lbs. rated boat lift and sundeck with unobstructed views of the vast waterway offering the ultimate in boating, fishing and water recreation. This pristine estate is located on 3 acres of meticulously maintained grounds and offers the rare opportunity to own one of the largest river frontage estates on South Tropical Trail with the ultimate in privacy while living close to excellent schools, shopping, amenities and the beaches. Don't miss the opportunity to own a truly luxurious home combined with ultimate waterfront living on a beautifully maintained property.'||chr(10)||'Merritt Island is situated on the Intracoastal waterways between the Indian River and the Banana River. Water surrounds this unique barrier island surrounded by dazzling waters making a backdrop for your lifestyle. Tropical Trail is a sought-after iconic street where massive stunning homes line the street that overlooks the tranquil waters of the water. Florida's largest island is home to NASA's Kennedy Space Center and Nearby is Cape Canaveral Air Force Station. The Merritt Island National Wildlife Refuge is over 140,000-acres of nature sanctuary. Ocean access is both to the North or South and just East is the sun-bronzed shoreline of the Atlantic Ocean. Sports enthusiasts love this area for biking, running, fishing, and paddle boarding. A short drive to charming Cocoa Village where shopping, dining, art, and gift stores are prevalent. Festivals, concerts, and weekly farmers markets are a regular occurrence. Orlando is less than an hour away where you still get the benefits of a large city, theme parks, and international airport while relishing the coastal lifestyle.'||chr(10)||'
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1990
MLS Number
968042
Location
Address
7575 S Tropical Trail
City
Merritt Island
State
FL
Zip Code
32952
County
BREVARD (CENTRAL)
Listing
Provider
Ellingson Properties, original listing
Name
Ellingson Properties
Phone
(321) 794-6203
Office Name
Ellingson Properties
Office Phone
(321) 750-7050
Agent Name
Gregory Ellingson

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.