Description: APPRAISED ON 9/6/23 FOR $4.5MILLION. One of the last available undeveloped properties along the waterfront in Merritt Island. This gorgeous peninsula of 11.5 acres can be the site of your single-family estate or can be subdivided into 3 separate lots. Fronting the Indian River Waterway, Blue Water Pointe is perfectly situated for views of stunning sunrises, gorgeous sunsets, and Cape Canaveral's exciting rocket launches. With straight access to the intra-coastal waterway, and directly across from the Atlantic Ocean, this is a boater's paradise. Conveniently located close to Cocoa Beach's famous pier, less than 20 minutes to I-95 and the Melbourne Orlando International Airport and less than an hour to Orlando. With so much potential, this waterfront property is a blank canvas waiting for you to design & create your waterfront dream home.