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For SaleSingle Family Home
$769K
1485 S Banana River Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Banana River Drive Subd
3
Bedrooms
3
Bathrooms
2,367
Sq Ft
2026
Year Built
$325 /sqft

About This Property

Description from listing agent

Welcome to an inspired expression of modern coastal living. This to-be-built custom residence designed to capture both elegance and ease in one of Florida's most desirable locations. Encompassing approximately 4000 square feet of thoughtfully crafted space, this contemporary home blends clean architectural lines with effortless indoor-outdoor flow. Inside, the open-concept design creates a seamless connection between the kitchen, dining, and living areas-perfect for both everyday comfort and entertaining. Expansive windows invite natural light to pour in, while carefully curated finishes and modern detailing elevate every corner of the home. The gourmet kitchen serves as the heart of the space, designed for both functionality and style. Featuring three spacious bedrooms, a loft & 2 1/2 baths, the layout offers a perfect balance of privacy and openness.

Space Coast Context

🚀 Launch Viewing — Great Views

16.8 mi from SLC-40

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

Aerospace Commute Guide
SpaceX12.2 mi~27 min
Blue Origin12.3 mi~27 min
Lockheed12.5 mi~28 min
Boeing/KSC13 mi~29 min
KSC13.4 mi~30 min
Northrop14.2 mi~32 min
L3Harris16.1 mi~36 min

Estimates only — verify with Google Maps.

Flood Risk

Zone AE — High Risk

Special Flood Hazard Area (1% annual chance). Flood insurance is federally required for mortgages.

Estimated flood insurance: $2,000 – $6,000+ / yr — varies by coverage, elevation & insurer

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

Offer Intelligence

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
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
0.33 acres (14,325 sqft)
Full Baths
2
Half Baths
1
Garage
2 car (attached)
Days on Market
77
MLS Area
254 - Newfound Harbor

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
May 9, 2026
Parcel #
25-37-07-Cx-00000.0-0021.03
$769K

Listing Agent (for property info)

C
Chuck E Bennett
Coldwell Banker Realty
321-863-2126
Call Listing Agent

Estimated Monthly Payment

$4,971/mo
Principal & interest
$4,052
Property taxes
$769
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $769K price — down payment shown: $153,800.

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# 1076910

Interested in this property?

Equal Housing Opportunity

MLS# 1076910 · Listing Broker: Coldwell Banker Realty · 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.