APPRAISED FOR $4.5 MILLION. Blue Water Pointe is one of the last untouched waterfront gems on Merritt Island. Spanning 11.5 acres, this stunning peninsula offers endless possibilities, whether for a private single-family estate or a division into three luxurious lots. With frontage along the Indian River Waterway, residents will enjoy breathtaking sunrises, tranquil sunsets, and the thrill of Cape Canaveral's rocket launches from the comfort of home. Boaters will revel in the direct access to the Intracoastal Waterway, with the Atlantic Ocean just across. Ideally located, it's moments from the Cocoa Beach Pier, under 20 minutes to I-95 and the Melbourne Orlando International Airport, and less than an hour to Orlando's attractions.