$29,900 Florida Manufactured Home Near the Indian River: 2-Bedroom, 2-Bath Double-Wide in Palm Shores

Affordable housing opportunities near Florida’s coast can attract considerable attention, especially when a property combines a relatively low purchase price with practical upgrades, community amenities, and convenient access to the water. One such listing is 2545 Merrman Dr, Palm Shores, FL 32940, a two-bedroom, two-bathroom manufactured home currently offered for $29,900.

Built in 1985, this double-wide manufactured home provides approximately 1,056 square feet of interior living space and is situated in the River View community in Palm Shores, just north of Melbourne. According to the listing, the community is positioned near the Indian River and only minutes from the beach, offering an affordable way to experience Florida’s coastal lifestyle without purchasing a conventional single-family property at a much higher price.

The home includes several features that may be particularly important to budget-conscious buyers. These include a metal roof, a YORK central air-conditioning system installed in 2022, a newer circuit breaker panel, a screened-in Florida room, an attached storage area, a carport, and several major appliances.

However, there is one financial detail that every prospective buyer should understand before considering the $29,900 price: the home is located on leased land.

The listing states that the 2026 market-rate lot rent is $795 per month. This monthly payment is separate from the purchase price of the manufactured home and reportedly includes trash pickup, access to community parks, laundry facilities, and other amenities.

That means buyers should evaluate this property differently from a house where both the home and underlying land are included in the sale.

Here is a detailed look at this affordable Palm Shores manufactured home, its features, ongoing costs, community considerations, and the questions prospective buyers should investigate before making an offer.

Property Overview: 2545 Merrman Dr, Palm Shores, FL

The property is located at 2545 Merrman Dr, Palm Shores, Florida 32940.

According to the supplied listing information, its primary details include:

Asking Price: $29,900
Property Type: Manufactured Home / Mobile Manufactured
Configuration: Double-Wide
Bedrooms: 2
Bathrooms: 2 full bathrooms
Interior Living Area: Approximately 1,056 square feet
Year Built: 1985
Stories: One
Price Per Square Foot: Approximately $28
Roof: Metal
Exterior: Vinyl siding
Heating: Heat pump
Cooling: Central air conditioning
Central A/C: YORK system reportedly installed in 2022
Parking: Driveway and carport
Porch: Screened porch / Florida room
Additional Structures: Shed, carport, workshop/storage areas
Water: Municipal
Land: Leased
2026 Market-Rate Lot Rent: $795 per month
Community: River View
HOA: None listed
Community Amenities: Clubhouse, laundry facilities and recreation room
Appliances: Washer, dryer, refrigerator and oven/stove
Date Listed: September 25, 2026

These characteristics create an interesting alternative for buyers primarily focused on keeping the initial purchase price relatively low.

Why This $29,900 Palm Shores Home Stands Out

The $29,900 asking price is clearly one of the biggest reasons this property may attract attention.

At approximately $28 per square foot, the home appears inexpensive when compared only with many traditional Florida houses. But manufactured homes located on leased land operate under a different financial structure.

The buyer is purchasing the manufactured home while paying monthly rent for the land beneath it.

In this case, the listing reports market-rate lot rent of $795 per month for 2026.

At that rate, 12 months of lot rent would total approximately $9,540 per year, before considering any future increases or additional fees that might apply.

For this reason, the purchase price should never be viewed in isolation.

Prospective buyers need to understand both the upfront cost and ongoing monthly expenses.

Understanding the Leased-Land Arrangement

The phrase “on leased land” is arguably the most important financial detail in this listing.

Unlike purchasing a conventional house with a parcel of land, buying this manufactured home does not mean purchasing the underlying lot.

Instead, the homeowner pays rent to the community or park for the site.

According to the listing, the 2026 market-rate lot rent is $795 per month and includes trash pickup, community park access, laundry facilities, and other amenities.

Buyers should independently confirm exactly what is included.

They should also ask community management about the current rent applicable to their situation, future increases, deposits, application fees, utility charges, pass-through expenses, pet fees, and any other recurring costs.

The listing itself specifically advises buyers to obtain all current fees, policies, and regulations directly from community management.

A 2-Bedroom, 2-Bath Double-Wide Layout

The home contains two bedrooms and two full bathrooms, a practical configuration for approximately 1,056 square feet.

Having two full bathrooms can be particularly useful when hosting visitors or when two occupants want greater privacy.

The listing also identifies a primary bedroom and a private guest room.

For buyers who do not need a second bedroom permanently, the additional room could potentially function as an office, hobby space, craft room, reading room, or multipurpose guest area.

The two-bedroom layout provides flexibility without creating the maintenance demands associated with a much larger property.

Approximately 1,056 Square Feet of Living Space

The manufactured home offers approximately 1,056 square feet of finished above-ground living space.

For many buyers, this can represent a practical middle ground.

It is substantially larger than a small studio or one-bedroom apartment but compact enough to potentially reduce cleaning, maintenance, heating, and cooling demands compared with a large conventional house.

The listing describes the property as spacious, and the room configuration includes a living room, family room, dining area, kitchen, laundry room, bedrooms, bathrooms, bonus space, and walk-in closet.

Efficient room arrangement can make a major difference in a home of this size.

Open Kitchen

The property information identifies the kitchen as having an open design.

An open kitchen can help a smaller home feel less divided by allowing greater visual connection between food preparation and nearby living or dining areas.

The listing states that several major appliances are included, including the refrigerator and oven/stove.

Having appliances already in place can reduce some of the immediate expenses associated with moving into a home.

However, prospective buyers should inspect the appliances and verify their operating condition rather than assuming that inclusion guarantees remaining service life.

Washer and Dryer Are Included

The listing also states that a washer and dryer are included.

In-home laundry can be a convenient feature, particularly for buyers who prefer not to rely exclusively on shared facilities.

Interestingly, the River View community also lists laundry facilities among its amenities.

That provides an alternative option if needed.

As with other included appliances, buyers should verify the age, condition, and operation of the washer and dryer during their inspection.

Central Air Conditioning Installed in 2022

One of the home’s more noteworthy upgrades is the reported YORK central air-conditioning system installed in 2022.

In Florida, air conditioning is an especially important home feature due to the state’s warm and humid climate.

A relatively recent central A/C installation could be attractive because replacing an HVAC system can represent a substantial expense.

The listing also identifies the heating system as a heat pump.

Prospective buyers should still inspect the equipment, verify its installation date, determine whether it has been maintained regularly, and confirm that both heating and cooling functions operate correctly.

Documentation regarding installation or service history can be useful if available.

Newer Circuit Breaker Panel

The listing highlights a new circuit breaker panel as another significant improvement.

Electrical systems deserve careful attention in manufactured homes, particularly properties constructed several decades ago.

A newer panel may represent an important update, but buyers should still have the electrical system evaluated when appropriate.

The panel is only one part of the overall electrical infrastructure.

Wiring, outlets, grounding, connections, fixtures, and service capacity may also deserve inspection.

The listing contains an electrical entry reading “Amps(0),” so prospective buyers should verify the property’s actual electrical service rather than interpreting that database entry as a complete description.

Metal Roof Is an Important Feature

The home has a metal roof, another characteristic specifically highlighted in the listing.

Metal roofing can be appealing because properly installed and maintained systems can offer durability and weather resistance.

However, buyers should not assume that a metal roof is automatically maintenance-free.

Its current condition, installation quality, age, fasteners, flashing, seals, drainage, and any evidence of previous leaks should still be inspected.

Florida weather makes roof condition particularly important.

Buyers should also discuss the home’s roof and other construction details with prospective insurers because insurance requirements and underwriting standards can vary.

Screened-In Florida Room

One of the property’s most appealing lifestyle features is its screened-in Florida room.

Screened spaces are popular in Florida because they allow residents to enjoy outdoor air while receiving some protection from insects and direct exposure to the elements.

This area could potentially serve as a relaxing sitting space, reading area, casual entertainment zone, or place for morning coffee.

For buyers relocating to Florida specifically for the climate and outdoor lifestyle, a screened porch can significantly extend the usable living environment beyond the home’s 1,056-square-foot interior.

The condition of screens, framing, flooring, roof connections, and doors should be inspected along with the rest of the property.

Attached Storage Room

Storage is frequently a concern in smaller manufactured homes, so the attached storage room is another useful feature.

It can potentially provide space for tools, seasonal items, outdoor equipment, cleaning supplies, or belongings that would otherwise occupy interior closets.

The listing also identifies additional structures including a shed and workshop.

That combination could appeal to someone who enjoys DIY projects, gardening, crafts, or simply wants additional storage without cluttering the primary living areas.

Carport and Driveway Parking

The home includes both a driveway and carport.

A carport can be especially useful in Florida because it provides shade from intense sun and some protection from rain.

Covered parking may also help keep a vehicle cooler during warm weather.

Prospective buyers should inspect the carport’s structural condition and determine what maintenance may eventually be required.

Community rules may govern modifications or replacement of exterior structures, so major changes should be discussed with park management.

Vinyl Siding

The manufactured home has vinyl siding.

Vinyl siding is often chosen for its relatively straightforward maintenance requirements, but it should still be inspected for cracks, warping, loose panels, storm damage, or moisture-related issues.

Buyers should pay particular attention to areas around windows, doors, roof connections, and exterior penetrations.

A clean and well-maintained exterior can significantly improve the overall appearance of a manufactured home.

No Basement or Fireplace

The property has no basement and no fireplace.

Neither is unusual for this type of Florida manufactured home.

The absence of a basement means storage needs are addressed through interior closets, the attached storage room, shed, and other exterior spaces.

Similarly, a fireplace may be less important in a climate where heating demand is substantially different from colder regions.

For many buyers, the central air-conditioning system and screened outdoor space may be much more relevant features.

River View Community in Palm Shores

The home is located in the River View community in Palm Shores.

According to the listing, River View is a quiet 45+ community situated just north of Melbourne and near the Indian River.

The listing also states that the community maintains an 80/20 occupancy policy for residents or inquiries under age 55.

Age-restricted community rules can be specific and sometimes complicated.

Potential buyers should therefore contact community management directly to determine whether they qualify and understand exactly how the 80/20 policy is administered.

No one should assume eligibility based solely on the abbreviated description in an online listing.

Community Amenities

The listing identifies several community amenities, including a clubhouse, recreation room, laundry facilities, and community parks.

Pets are also listed among the community features, although specific pet policies may apply.

These amenities can contribute to the appeal of community living by providing shared spaces beyond the individual homesite.

A clubhouse or recreation room may provide opportunities for social gatherings and community activities.

Prospective residents should ask what facilities are currently available, their operating hours, whether any reservations or additional fees apply, and what rules govern their use.

No HOA Listed, but There Is Lot Rent

The listing states that there is no HOA.

However, buyers should not confuse “no HOA” with “no monthly community cost.”

The property is located on leased land with a reported 2026 lot rent of $795 per month.

In practical financial terms, this monthly land rent is much more important than the absence of a traditional HOA fee.

Prospective buyers should therefore focus on the total recurring community expense rather than simply searching for an HOA number.

Calculating the Annual Lot Rent

At the listed $795 per month, annual lot rent would be:

$795 × 12 = $9,540 per year

That means a buyer purchasing the home for $29,900 would pay the equivalent of nearly one-third of the initial purchase price in lot rent over the first year at that stated monthly rate.

This does not make the property inherently unattractive, but it illustrates why leased-land manufactured homes need to be analyzed differently from land-owned properties.

Over five years, $795 per month would equal $47,700 if the rent never changed.

In reality, lot rent may increase, so buyers should ask about historical increases and the community’s policies.

The True Monthly Housing Cost

A buyer should calculate more than the $795 lot rent.

Potential recurring expenses may include electricity, insurance, water or sewer charges if not included, internet, maintenance, community pass-through fees, vehicle costs, and other household expenses.

Financing the $29,900 purchase could add another monthly payment.

This means buyers should evaluate the property based on the total monthly cost of living there, not simply the purchase price.

For some people, that total may still compare favorably with apartment rent or traditional homeownership.

For others, the ongoing land rent may make another housing option more attractive.

The answer depends on the buyer’s circumstances.

Understanding the $28 Per Square Foot Price

The listing reports a price of approximately $28 per square foot.

That is calculated from the $29,900 asking price and the home’s approximately 1,056 square feet of living space.

While the figure appears low, price-per-square-foot comparisons can be misleading when comparing a leased-land manufactured home with conventional real estate.

A traditional single-family property often includes both the structure and land.

Here, the underlying homesite is leased.

Therefore, the $28-per-square-foot figure should not be directly compared with conventional homes without accounting for this important difference.

Zillow Zestimate of $45,800

The supplied listing displays a Zestimate of $45,800.

That is higher than the current $29,900 asking price, but buyers should not interpret the difference as guaranteed equity or profit.

Automated valuation estimates can be useful reference points, but manufactured homes—especially those located on leased land—can have valuation characteristics different from conventional real estate.

Community rules, lot rent, condition, age, upgrades, comparable sales, financing availability, and local demand can all influence what buyers are willing to pay.

The current market value should therefore be researched independently.

Financing a Manufactured Home on Leased Land

Financing can also differ from financing a conventional house.

Because the home sits on leased land, a traditional real estate mortgage may not always apply in the same manner as it would to a house sold together with its land.

Depending on the legal classification of the manufactured home and lender requirements, buyers may need to investigate specialized manufactured-home or personal-property financing.

Interest rates, down payments, loan terms, and eligibility can differ.

Prospective buyers who need financing should discuss their options with appropriate lenders before assuming that a conventional mortgage will be available.

Insurance Deserves Careful Attention

Florida property insurance has become an important part of housing affordability, and manufactured homes can involve specific underwriting requirements.

The home’s age, metal roof, HVAC equipment, electrical system, location, and construction can influence available coverage.

Potential buyers should consider obtaining insurance quotes before completing the purchase.

An inexpensive purchase price does not necessarily mean inexpensive insurance.

Understanding coverage availability and annual premiums can prevent surprises after closing.

Proximity to the Indian River and Beach

The listing emphasizes the home’s location near the Indian River and minutes from the beach.

For buyers attracted to Florida because of boating, fishing, coastal recreation, beaches, or warm-weather living, this location may be one of the home’s biggest lifestyle advantages.

Palm Shores sits in Brevard County near the Melbourne area, placing residents within reach of a variety of coastal destinations and services.

Actual travel times depend on the destination and traffic conditions, so buyers should independently evaluate the location based on their own routines.

Florida Weather and Storm Considerations

When purchasing any manufactured home in Florida, buyers should investigate how the structure has been maintained for local weather conditions.

Roof condition, tie-downs, exterior structures, windows, drainage, insurance requirements, and storm preparedness can all be important.

A professional inspection can provide property-specific information that cannot be determined from listing photographs or basic property facts.

Buyers should also independently investigate flood and evacuation information applicable to the specific location.

Potential as a Seasonal Florida Home

A property like this may appeal to someone seeking a seasonal Florida residence.

The two-bedroom layout provides space for guests, while the screened Florida room offers additional space to enjoy mild weather.

The included appliances and relatively recent central A/C could also reduce some immediate move-in expenses.

However, seasonal owners still need to budget for lot rent throughout the year, even during months when they are not occupying the home, subject to the community’s lease terms.

That recurring cost should be incorporated into any second-home budget.

Potential for Full-Time Living

The property could also potentially work for qualified residents seeking full-time housing.

Two bedrooms, two bathrooms, laundry facilities, central air conditioning, covered parking, storage, and community amenities provide many practical features for everyday life.

The single-story configuration can also appeal to residents who prefer having all living spaces on one level.

Again, buyers should verify community age and occupancy requirements directly with management before making plans.

Questions to Ask Community Management

Before making an offer, buyers should contact River View management and verify several details.

These include the current lot rent, how frequently rent can increase, application requirements, age restrictions, background or credit requirements, deposits, utility charges, pet policies, guest rules, parking restrictions, home-improvement requirements, resale procedures, and any additional pass-through costs.

Buyers should also ask whether community approval is required before completing the home purchase.

Written documentation is preferable to relying solely on verbal explanations.

Why an Independent Inspection Still Matters

Although several attractive upgrades are listed, including the 2022 YORK A/C system, metal roof, and newer breaker panel, an independent inspection remains valuable.

An inspector can evaluate visible structural components, plumbing, electrical systems, flooring, walls, roof, windows, doors, moisture conditions, HVAC equipment, and exterior structures.

Manufactured homes can have maintenance considerations different from site-built properties, making an inspector familiar with this housing type particularly useful.

The goal is to understand the home’s current condition before committing to the purchase.

Is This $29,900 Palm Shores Manufactured Home Worth Exploring?

For the right buyer, the property offers several compelling characteristics.

The initial asking price is relatively low at $29,900. The home provides two bedrooms, two bathrooms, 1,056 square feet of living space, central air conditioning, a heat pump, metal roof, screened Florida room, storage, carport, washer, dryer, refrigerator, and stove.

Its location near the Indian River and Florida coast may also be attractive.

The central financial consideration is the $795 monthly lot rent for 2026.

That recurring obligation fundamentally changes the economics compared with purchasing a house where the land is included.

A prospective buyer should therefore compare the complete cost of ownership with alternatives rather than focusing solely on the $29,900 asking price.

Final Thoughts on 2545 Merrman Dr, Palm Shores, Florida

2545 Merrman Dr, Palm Shores, FL 32940 represents an interesting example of affordable manufactured-home living near Florida’s Atlantic coast.

Listed at $29,900, the 1985 double-wide offers approximately 1,056 square feet, two bedrooms, two full bathrooms, an open kitchen, multiple living spaces, laundry facilities, a screened Florida room, attached storage, a carport, and additional shed or workshop space.

Several improvements strengthen the listing’s appeal. The property reportedly has a YORK central air-conditioning system installed in 2022, a newer circuit breaker panel, and a metal roof. Major appliances including the washer, dryer, refrigerator, and stove are also listed as included.

The River View community adds shared amenities such as a clubhouse, recreation room, laundry facilities, and parks.

But buyers should pay particularly close attention to the leased-land arrangement.

The stated 2026 market-rate lot rent of $795 per month equals approximately $9,540 per year at the current reported rate. Buyers should independently confirm this amount, determine exactly what it includes, investigate potential increases, and obtain all community policies directly from park management.

Age and occupancy requirements should also be verified. The listing describes River View as a 45+ community and references an 80/20 occupancy policy regarding residents or inquiries under age 55. Prospective purchasers should obtain an official eligibility determination from the community rather than making assumptions.

Financing and insurance should also be researched early because a manufactured home on leased land can differ significantly from conventional real estate in both areas.

Ultimately, the appeal of this property depends on more than its $29,900 purchase price.

For buyers who value a relatively affordable initial acquisition, a two-bedroom and two-bath layout, Florida coastal access, community amenities, central A/C, a screened porch, and a low-maintenance lifestyle, the property could be worth investigating.

For buyers who strongly prefer owning the underlying land or avoiding recurring site rent, the $795 monthly lot payment may be a significant consideration.

The most useful comparison is therefore not simply $29,900 versus the price of another Florida house. Instead, buyers should compare the total long-term cost of purchasing and occupying this manufactured home with the total cost of their other available housing options.

Before making an offer, prospective purchasers should independently verify the home’s physical condition, current lot rent, community fees, age requirements, pet policies, utility costs, insurance, financing availability, community approval process, and all other rules affecting ownership and occupancy.

With those details confirmed, buyers can make a much more informed decision about whether this affordable Palm Shores home fits their budget and desired Florida lifestyle.

 

 

Listed on Zillow