Dragon Point may be Brevard County’s best-known residential property.
The bank that owns Dragon Point accepted a purchase offer Friday morning from a local man who plans to build a new riverfront mansion, said DeWayne Carpenter, a partner with The Carpenter/Kessel Homeselling Team of Century 21 Spectrum.
And the undisclosed buyer is exploring whether to rebuild Annie the dragon, the fire-belching, sea-foam-green dragon statue that stood for decades as a quirky Space Coast landmark.
The potential buyer and bank officials negotiated the sale during the past week, Carpenter said. He did not disclose the potential sale price. The Carpenter/Kessel Homeselling Team listed Dragon Point on Nov. 12 for $975,000.
“I can’t wait to see the finished product. I can’t wait to see what the new buyer builds,” Carpenter said.
Dragon Point may be Brevard County’s best-known residential property. Situated at the southernmost tip of Merritt Island, the mansion was once guarded by Annie at the confluence of the Indian and Banana rivers.
But Annie collapsed during a 2002 storm, the property was abandoned and fell into disrepair, and legal issues tied up the site in court for years.
A subsidiary of Private Bank Minnesota acquired Dragon Point from a federal receiver in March 2012.
In mid-March, the Brevard County Board of Adjustment granted zoning variances that will let Dragon Point’s future owner build a new mansion within the general footprint of today’s decrepit 5,707-square-foot home.
Then in May, Brevard Circuit Judge Lisa Davidson cleared another sales hurdle by discharging a July 2006 ownership claim filed by South Patrick Shores real estate broker Tom Palumbo.
Because the site is so dilapidated and dangerous, Carpenter said his firm did not “show” Dragon Point via in-person visits because of liability issues.
Rather, he marketed the property using drone-filmed video footage and social media — “we created a gold rush fever,” he said.
Dragon Point’s last previous real-estate listing expired in February 2005, Carpenter said. He said the remains of the decaying mansion will have to be removed via barge