25 days on rocket

540 S Banana River Dr Unit 305, Merritt Island, FL, 32952

$439,000

Home List Price

$5,213*

Closing Credit

3 Bedrooms
3 Full Baths
1,743 SqFt
$252/SqFt
Condo

Location

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540 S Banana River Dr Unit 305, Merritt Island$439,000

Buyer Closing Credits

$5,213*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Garage, Guest
Garage2 spaces
Year Built2005
HeatingCentral, Electric
CoolingCentral Air
ViewMarina, River
MLS #1030357
Lot Size0.02 Acres
StatusActive

About 540 S Banana River Dr Unit 305

Your island lifestyle awaits in this gated, Key West-inspired community surrounded by lush tropical landscaping. This top-floor, 3-bedroom condo features three full en-suite bathrooms, tile floors, high ceilings, serene river views from the living room and master suite, and a private balcony with extra storage—perfect for spotting dolphins and manatees. Additional storage is also included in the garage. Enjoy the fantastic amenities at Marina Village, including a heated pool, sauna, gym, boat ramp, and social events. Boat slips may be available for purchase or rent. This condo comes with two garage parking spots and is conveniently located near the beach, shopping, dining, and just 50 minutes from Orlando Airport.. Investor-friendly with great rental potential (3-month minimum). New HVAC (2020). HOA covers water, sewer, landscaping, trash, maintenance, and insurance. Don't miss this slice of paradise!

Property Details

Property Features

Property Information:

  • Year Built: 2005
  • Stories: 1
  • Living Area: 1,743 SqFt

Listing Office:

  • Office Name: RE/MAX Aerospace Realty
  • Office Phone: (321) 631-5511
  • Listing Agent: Barbara I Guest

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Ceiling Fan(s), Guest Suite, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Split Bedrooms

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Marina, River
  • Exterior: Balcony

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Assigned, Garage, Guest

Virtual/3D Tour

  • Virtual Tour: 540 S Banana River Dr Unit 305
Virtual Tour

Lot Features

Lot Information:

  • Lot: Few Trees
  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 520 from US1 going east, take right on S Banana River Dr. 3/4 miles south first gate on left. Top floor unit 305

Price Information

Listing Price Info

Price Summary:

  • List Price: $439,000
  • Price Per SqFt: $252/SqFt

HOA Fees:

  • Amount: $908
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Merritt Island, FL.

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Merritt Island, FL

City

Med. Sold Price

$475K

Med. Price/SqFt

$249

Avg. Days On Market

72

# of Sold Homes

35

540 S Banana River Dr Unit 305 vs Merritt Island

25 DAYS ON ROCKET

-47 Days

$439,000

-$36K Less

$252/SqFt

+$3 More

KEY TAKEAWAY

This property is $36K less than the Median Sold Price and $3/SqFt more than other homes in Merritt Island, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #1030357

Listing Office:

  • Office Name: RE/MAX Aerospace Realty
  • Office Phone: (321) 631-5511
  • Listing Agent: Barbara I Guest

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:51:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,167

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,383

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4336586
8
/10

  • Tropical Elementary School

  • 885 S Courtenay Pkwy

  • 2.09 miles

  • Public District Grades KG-6

school-card-donut-4336587
6
/10

  • Audubon Elementary School

  • 1201 N Banana River Dr

  • 2.15 miles

  • Public District Grades PK-6

school-card-donut-4336588
4
/10

  • MILA Elementary School

  • 288 W Merritt Ave

  • 2.69 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,556. The majority of Merritt Island, FL residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 540 S Banana River Dr Unit 305

What is the listing price of this property?

The listing price of 540 S Banana River Dr Unit 305 property is $439,000.

What type of property is this?

The property 540 S Banana River Dr Unit 305 is a condo located in Merritt Island, Florida, 32952.

Is this property for sale now?

Active Listing: 540 S Banana River Dr Unit 305 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 540 S Banana River Dr Unit 305 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 540 S Banana River Dr Unit 305 is 1,743 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 540 S Banana River Dr Unit 305 is 2005.

Rocket Homes›Florida›Brevard County›Merritt Island›32952›540 S Banana River Dr Unit 305

This home is located at 540 S Banana River Dr Unit 305 in Merritt Island, FL and zip code 32952. This 1,743 square foot home, which was built in 2005, sits on a 0.02 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $439,000.

In November 2024 more than 0 listings in Merritt Island, FL were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 28 were sold below. Between October 2024 and November 2024, Merritt Island, FL real estate market has seen increase in the number of listings by 1.9%. While the average time on the market in November 2024 was 72 days, the median list price was $475,000.

From Rocket Homes Real Estate and based on county public records data.

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