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For SaleCondominium
$570K
540 S Banana River Drive #101, Merritt Island, FL 32952
Merritt Island neighborhood
Subdivision: Marina Village Condo Ph I
3
Bedrooms
3
Bathrooms
2,279
Sq Ft
2005
Year Built
$250 /sqft

About This Property

Description from listing agent

This Riverfront Beauty is Just 5 Minutes from the Beach! Experience coastal living in this spacious 3-bedroom, 3-bath condo featuring soaring 10-foot tray ceilings and an oversized wraparound balcony overlooking both the marina and the Banana River. The bright and airy great room is lined with 8-foot sliding glass doors on two sides, filling the space with natural light and framing views of the marina. All windows and doors are hurricane-impact rated for peace of mind, and the elegant window treatments allow you to control the light and privacy with ease. The chef's kitchen is designed for both style and function, with solid-surface countertops, a separate pantry, and a breakfast bar. The master suite features a spacious bathroom with a soaking tub, walk-in shower, and dual sinks plus a walk-in closet and additional linen closet. A separate laundry room, balcony storage, ceiling fans, vinyl plank flooring and tile add both durability and charm to every room (Boat Slip Available)

Space Coast Context

🚀 Launch Viewing — Great Views

15.7 mi from SLC-40

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

Aerospace Commute Guide
SpaceX11.2 mi~25 min
Blue Origin11.4 mi~25 min
Lockheed11.5 mi~26 min
Boeing/KSC11.9 mi~27 min
KSC12.3 mi~27 min
Northrop15.4 mi~34 min
L3Harris17.2 mi~38 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
  • 11/19/25
    Listed
    $570K
    $250/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
0.02 acres (871 sqft)
Full Baths
3
Garage
2 car
HOA Fee
$934/mo
Waterfront
Banana River
Days on Market
217
MLS Area
253 - S Merritt Island

Community & HOA

HOA

Schools

Elementary

Tropical

Middle School

Jefferson

High School

Merritt Island

Financial & Listing Details

Listed
Nov 20, 2025
Parcel #
24-37-31-75-00000.0-0003.02
$570K

Listing Agent (for property info)

J
Janis E Shealy
Better Homes & Gardens RE Star
954-849-5951
Call Listing Agent

Estimated Monthly Payment

$4,657/mo
Principal & interest
$3,003
Property taxes
$570
Insurance & HOA
$1,084

Based on a 6.90% rate, 30-year loan, and $570K price — down payment shown: $113,980.

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# 1062554

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Equal Housing Opportunity

MLS# 1062554 · Listing Broker: Better Homes & Gardens RE Star · 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.