Merritt Island is a beautiful city in Florida known for its waterfront properties and access to the Indian River Lagoon. Here are some advantages and disadvantages of purchasing real estate in Merritt Island:

Advantages:
1. Beautiful waterfront properties - If you love living near the water, Merritt Island offers plenty of options and stunning views.
2. Access to the Indian River Lagoon - The Indian River Lagoon is the most biodiverse estuary in North America, providing ample opportunities for fishing, kayaking, paddleboarding, and other water activities.
3. Close proximity to Cape Canaveral - Merritt Island is just a 20-minute drive from Cape Canaveral, which is home to NASA's Kennedy Space Center and many other attractions.
4. Growing job market - Brevard County, where Merritt Island is located, is experiencing job growth in fields like healthcare, technology, and manufacturing.

Disadvantages:
1. Hurricane risk - Merritt Island is located in an area prone to hurricanes and tropical storms, which could pose a threat to property and safety.
2. Higher insurance rates - Due to the risk of hurricanes and flooding, insurance rates for homes and properties can be higher than other areas.
3. Limited nightlife and entertainment - While there are some restaurants and bars in Merritt Island, the city may not offer as many entertainment options as larger cities.
4. Traffic congestion - During peak tourist season, traffic can be congested in Merritt Island and the surrounding area.

Overall, Merritt Island can be a great choice for those looking for waterfront living and outdoor recreation opportunities, but it's important to weigh the risks and benefits before making a final decision.