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540 S Banana River Drive 105 Merritt Island, FL $ 500,000
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$ 500,000 Get more info
540 S Banana River Drive 105
$ 500,000
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540 S Banana River Drive 105

Merritt Island, FL, 32952
$ 500,000
Bedrooms3 Baths3.0 Sq 1,743

Monthly Estimate*

$ 3,079

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Condo for sale in Merritt Island, FL

for $500,000 with 3 bedrooms and 3 full baths. This 1,743 square foot condo was built in 2005 on a lot size of 0.02.

Direct waterfront community on the Banana River with miles of stunning views, breathtaking sunrises, and abundant wildlife. Enjoy watching rocket launches and cruise ships from the comfort of home. This spacious 3BR/3BA unit overlooks the river and community pool/spa. Private bath in master as well as bedroom 3. Open Great Room with triple sliders brings in natural light and river breezes. 10 foot ceilings and 8 foot doors. Primary bedroom features private balcony access with water views. Updates include new appliances and a tankless water heater, and AC is only 3 years old. Private marina with boat slips available (unit does not include slip). Conveniently located near the beach, Kennedy Space Center, Orlando International Airport, shopping, dining, and local attractions. No condo approval or right of first refusal. Two pets allowed (35 lb max). 3-month minimum rental.

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Condo Active

Price

$ 500,000

Bedrooms

3

Full Bath

3

Property Type

Condo

Taxes

$ 2,172

Style

Condominium

Lot Size

0.02

Year Built

2005

Town/City

Merritt Island

County/Region

Brevard

MLS | Web ID

1074681
Features
General
Living Area 1743
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available Cable Connected Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Membrane
Appliances Dishwasher Disposal Dryer Electric Range Microwave Refrigerator Tankless Water Heater Washer
HOA Fee 912
Garage Spaces 2
Association Fee Includes Cable TV Internet Pest Control Sewer Trash Water
Patio/Porch Features Patio
Security Features Fire Sprinkler System Security Gate Secured Elevator Secured Lobby
Construction Materials Block Concrete Stucco
Pets Allowed Number Limit Size Limit
Year Built 2005
View Marina Pool River Water Intracoastal
Stories Count 1
Levels Three Or More
Unit Number 105
Property Subtype Condominium
Tax Year 2025
Current Use Marina Residential
Waterfront Features Navigable Water Intracoastal
Additional Parcels Description 2458488
Assoc Fee Paid Per Monthly
County Brevard
New Construction false
Property Type Residential
Association Amenities Boat Dock Car Wash Area Clubhouse Fitness Center Maintenance Grounds Maintenance Structure Management - Full Time Management - Off Site Pool Sauna Spa/Hot Tub Storage
HOA true
Attached Garage false
Subdivision Name Marina Village Condo Ph I
Facing Direction South
Garage Y/N true
Other Structures Shed(s)
Total Rooms 14
Full Baths 3
Status Active
Directions From 520 turn South onto S. Banana River Dr. to Marina Village Condo on the left
High School Merritt Island
City Merritt Island
Body of Water Banana River
Association Name Marina Village Condos
Senior Community Y/N false
MLS Area 254 - Newfound Harbor
Lot Size Units Acres
Lot Size Square Feet 871.2
Carport Y/N false
Spa Features Community Heated In Ground
Elementary School Tropical
Land Lease Y/N false
Tax Annual Amount 2172.85
Middle/Junior High School Jefferson
Property Condition Updated/Remodeled
MLS Area Minor 254 - Newfound Harbor
Virtual Tour https://www.virtualtourcafe.com/mls/10004738
Standard Status Active
Legal Description MARINA VILLAGE CONDO PH I UNIT 205 MARINA VILLAGE CONDO PHASE I AS DESC IN ORB 5450 PG 1981 AND ALL AMENDMENTS THERETO
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Interior
Interior Amenities Breakfast Bar Built-in Features Ceiling Fan(s) Open Floorplan Pantry Primary Bathroom - Tub with Shower Primary Bathroom -Tub with Separate Shower Split Bedrooms Walk-In Closet(s) Wet Bar
Flooring Tile
Furnished Y/N Unfurnished
Total Stories 4
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 3
Entry Level 2
Total Baths 3
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Exterior
Exterior Amenities Balcony Outdoor Shower Boat Ramp - Private
Fencing Fenced
Parking Features Assigned Garage Door Opener Guest Underground
Lot Features Other
Water Source Public
Lot Size Area 0.02
Building Area Total 1743
Lot Size Acres 0.02
Road Surface Type Asphalt
Waterfront Y/N true
Road Frontage Type City Street
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* Excluded Features
List By
Exp Realty, Llc

Broker

quiveydarlene@gmail.com

Email

Affordability Calculator

$3,260
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,079
Monthly Property Taxes
$181
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4812050 Elementary School
4788136 Middle School
Merritt Island High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/15/2026$500,000 Listed Price

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540 S Banana River Drive 105, Merritt Island, FL, 32952 is a Condo for sale at $500,000 with 1,743 sqft and a lot size of 0.02. 540 S Banana River Drive 105 has 3 bedrooms, 3.0 baths, and was built in 2005. The property's zip code is 32952 which is in Merritt Island, FL

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