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For SaleSingle Family Home
$370K
515 Banana Boulevard, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Island Beach Sheet 1
3
Bedrooms
2
Bathrooms
1,269
Sq Ft
1978
Year Built
$291 /sqft

About This Property

Description from listing agent

Beautifully renovated brick Merritt Island home located in the heart of Florida's Space Coast. Renovated in 2025 with numerous upgrades including new kitchen cabinets with soft-close doors, quartz countertops, stainless steel appliances, and waterproof vinyl plank flooring throughout the main living areas. Bathrooms feature updated tile showers, tubs, and new vanities. Additional improvements include impact doors and windows, whole house water filter & softener, updated lighting, ceiling fans, plumbing fixtures, and hardware. Major systems include a 2022 HVAC system, 2019 architectural shingle roof, updated well pump, sprinkler timer, copper and PVC plumbing, and updated outlets and décor switches. Sunroom features a new split system A/C installed in 2026. Bright open living space with brick exterior and privacy-fenced backyard ideal for kids and pets. Walking or biking distance to Tropical Elementary. Close to city of Orlando, world famous Cocoa Beach and the Kennedy Space Center.

Space Coast Context

🚀 Launch Viewing — Great Views

17 mi from SLC-40

17 miles from SLC-40 — clear launch views from your yard or roof on most days.

Aerospace Commute Guide
SpaceX12.8 mi~29 min
Boeing/KSC12.9 mi~29 min
KSC13 mi~29 min
Lockheed13.1 mi~29 min
Blue Origin13.2 mi~29 min
Northrop14.9 mi~33 min
L3Harris16.7 mi~37 min

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 3/11/26
    Listed
    $370K
    $291/sqft

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Based on 7 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
17.4% above median
Median comparable close: $315,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
97.2% of list price
At that rate, a competitive offer ≈ $359,473
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 7 comparable sales used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.24 acres (10,454 sqft)
Full Baths
2
Total Rooms
8
Garage
2 car
Days on Market
104
MLS Area
253 - S Merritt Island

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Mar 11, 2026
Parcel #
25-36-01-02-00000.0-0015.02
$370K

Listing Agent (for property info)

J
Jack A Maggard
Saltwater Real Estate
321-302-1310
Call Listing Agent

Estimated Monthly Payment

$2,469/mo
Principal & interest
$1,949
Property taxes
$370
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $370K price — down payment shown: $73,980.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1071574

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Equal Housing Opportunity

MLS# 1071574 · Listing Broker: Saltwater Real Estate · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.