Stunning waterfront sanctuary on Merritt Island -whether you're seeking an ideal forever home, a smart investment, or a short-term rental machine, this property checks every box. Beautifully renovated and offering approximately 2,100 sq ft of living space, this 4-bed, 2-bath home features modern finishes and a thoughtfully designed layout perfect for entertaining and everyday living. Brand new cabinets and counters, brand new tankless water heater (2025) updated vinyl waterproof flooring, fresh interior paint, Step inside to an open-plan family room and living zone where natural light floods the space and draws your attention to a beautifully updated gourmet kitchen-featuring sleek cabinetry, high-end appliances, and ample workspace for culinary creativity. Large windows and sliding glass doors frame the serene canal views, inviting the sunshine and tranquil water vistas into your home. In the private outdoor space-your very own waterfront lot-you'll find a lushly landscaped setting built for both relaxing and recreation. The pool deck and covered patio overlook the tranquil canal with direct water access: ideal for boating, kayaking, fishing, or simply welcoming the Florida sun and coastal breezes. Whether you're unwinding with family or hosting friends, this home offers the kind of lifestyle many only dream about. Located in the heart of the Catalina Isle Estates Unit 2 neighborhood, you're just minutes away from Merritt Island's waterfront, beaches, nature preserves, and the vibrant amenities of Florida's Space Coast. This is a destination address-close to Cocoa Beach, Port Canaveral, and the iconic Kennedy Space Center. The location not only provides outstanding living, but also tremendous investment potential. From an income standpoint: the short-term rental market in Merritt Island is strong. With 4 bedrooms, inviting waterfront access, and superb location, this home is not just a living space-it's a ready-made revenue-generator. If you've been looking for a home that offers luxury, flexibility, and an unbeatable location, 225 Richland Ave is the one. Reach out today to schedule your private showing-there are homes like this, and then there are homes like THIS. Listing Agent Is Owner.