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For SaleSingle Family Home
$2.7M
1295 S Banana River Drive, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Banana River Drive Subd
5
Bedrooms
5
Bathrooms
4,860
Sq Ft
2026
Year Built
$556 /sqft

About This Property

Description from listing agent

Experience the pinnacle of coastal luxury at Marina Bay Estates, Merritt Island's exclusive marina-front enclave. Perfectly positioned on a premier homesite, this exceptional new construction model residence offers an unparalleled blend of sophisticated design, resort-style amenities, and breathtaking views of the marina, Banana River, and iconic Space Coast rocket launches. Designed for elevated waterview living, this five-bedroom, five-bath estate with a private den showcases soaring 12-foot ceilings, expansive impact-rated windows and doors, and seamless indoor-outdoor entertaining spaces. Three private balconies capture stunning panoramic vistas, while the resort-inspired pool and outdoor kitchen create the ultimate setting for entertaining or unwinding in style. Inside, every detail reflects refined craftsmanship and luxury living, including a temperature-controlled wine cellar, dual primary suites designed for comfort and privacy, and spacious open-concept living areas

Space Coast Context

🚀 Launch Viewing — Great Views

16.5 mi from SLC-40

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

Aerospace Commute Guide
SpaceX12 mi~27 min
Blue Origin12.1 mi~27 min
Lockheed12.2 mi~27 min
Boeing/KSC12.8 mi~29 min
KSC13.2 mi~29 min
Northrop14.5 mi~32 min
L3Harris16.4 mi~37 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

Based on 19 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
103.8% above median
Median comparable close: $1,325,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
94.9% of list price
At that rate, a competitive offer ≈ $2,563,441
Price Reductions
No reductions
Listed price has not changed since hitting the market

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
0.35 acres (15,246 sqft)
Full Baths
5
Garage
3 car
HOA Fee
$300/mo
Pool
Yes
Days on Market
12
MLS Area
254 - Newfound Harbor

Community & HOA

HOA

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Jun 5, 2026
Parcel #
25-37-06-Cx-00000.0-0015.09
$2.7M

Listing Agent (for property info)

J
Jodie Bizarro
Waterman Real Estate, Inc.
321-216-6049
Call Listing Agent

Estimated Monthly Payment

$17,376/mo
Principal & interest
$14,226
Property taxes
$2,700
Insurance & HOA
$450

Based on a 6.90% rate, 30-year loan, and $2.7M price — down payment shown: $540,000.

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# 1079164

Interested in this property?

Equal Housing Opportunity

MLS# 1079164 · Listing Broker: Waterman Real Estate, 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.