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For SaleSingle Family Home
$625K
1965 S Banana River Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Banana River Drive Subd
2
Bedrooms
1
Bathrooms
1,172
Sq Ft
1960
Year Built
$533 /sqft

About This Property

Description from listing agent

This darling South Merritt Island cottage is the perfect permanent home or getaway with direct access to the Banana River from deep water canal within feet of the river access. Covered dock for your boating adventures ! Charming home on spacious yard in immaculate condition, the perfect place for entertaining. This location gets you to the beach,space center, shopping and schools within minutes and yet affords a perfect quiet lifestyle. The home has had every attention to detail in the decorating and remodels of bathroom and kitchen. New roof in 2019, boathouse roof in 2025, Ac and heat 2021 and mini-split unit in 2024...the TLC shows everywhere!!! Settled among new, large homes and still retains the charm of Merritt Island's comfortable lifestyle. Be ready to enjoy Mother Nature and her variety of wildlife, dolphins, manatees, great blue herons, egrets, ducks, osprey and much more. This is one of a kind and will not last. Easy to show and ready to sell!!!

Space Coast Context

🚀 Launch Viewing — Great Views

17.3 mi from SLC-40

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

Aerospace Commute Guide
SpaceX12.7 mi~28 min
Blue Origin12.7 mi~28 min
Lockheed12.9 mi~29 min
Boeing/KSC13.6 mi~30 min
Northrop13.7 mi~31 min
KSC14 mi~31 min
L3Harris15.5 mi~35 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.

Price History

Date
Event
Price
  • 6/5/26
    Listed
    $625K
    $533/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

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
0.44 acres (19,166 sqft)
Full Baths
1
Total Rooms
7
Waterfront
Canal Navigational to Banana River
Days on Market
40
MLS Area
254 - Newfound Harbor

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Jun 5, 2026
Parcel #
25-37-07-Cx-00000.0-0033.01
$625K

Listing Agent (for property info)

S
Sue Nisbet
Nisbet Realty, Inc.
321-431-7639
Call Listing Agent

Estimated Monthly Payment

$4,068/mo
Principal & interest
$3,293
Property taxes
$625
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $625K price — down payment shown: $125,000.

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# 1079246

Interested in this property?

Equal Housing Opportunity

MLS# 1079246 · Listing Broker: Nisbet Realty, Inc. · 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.