15 days on rocket

540 S Banana River Dr Unit 305, Merritt Island, FL, 32952

$485,000

Home List Price

$5,759*

Closing Credit

3 Bedrooms
3 Full Baths
1,743 SqFt
$278/SqFt
Condo
Schools Nearby

Location

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540 S Banana River Dr Unit 305, Merritt Island$485,000

Buyer Closing Credits

$5,759*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Garage, Guest
Garage2 spaces
Year Built2005
HeatingCentral
CoolingCentral Air
WaterfrontNavigable Water, River Front, Waterfront
ViewMarina, River
MLS #1014293
Lot Size0.02 Acres
StatusActive

About 540 S Banana River Dr Unit 305

Your island lifestyle awaits you at this fantastic condo in a gated oasis offering lush tropical landscaping with a Key West vibe. The bright, spacious living area & tile flooring throughout seamlessly harmonize with its breathtaking backdrop. Through sliders from the living room & master suite, unveils serene views of the river, framed by swaying palm trees, providing the perfect place to immerse yourself in the ambiance while dolphins & manatees visit the marina. You will also have front row seats to watch the rockets launch over the river from your front balcony. This is an established community with poolside social events & activities that will make you feel right at home. Amenities also include spa, sauna & gym. Boat slips may be available for purchase/rent. Two garage parking spots, extra storage room in the garage and on patio. Investors take note that this unit has great rental income opportunities w/ only a 3-month minimum. New HVAC in 2020!

Property Details

Property Features

Property Information:

  • Year Built: 2005
  • Stories: 1
  • Living Area: 1,743 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Brevard
  • Office Phone: (321) 259-1170
  • Listing Agent: Chelsea Lauren West

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Guest Suite, Pantry, Primary Bathroom -Tub with Separate Shower, Split Bedrooms

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Navigable Water, River Front, Waterfront
  • View: Marina, River

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Assigned, Garage, Guest

Virtual/3D Tour

  • Virtual Tour: 540 S Banana River Dr Unit 305

Virtual Tour

Lot Features

Lot Information:

  • Lot: Few Trees
  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Merritt Island High School, Public District Grades PK-12
  • Thomas Jefferson Middle School, Public District Grades 7-8
  • Tropical Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Use SR 520 from US1 going east, just before the Merritt Island/Cocoa Beach Causeway take right on S Banana River Dr. 3/4 mile south first gate (north) on left

Price Information

Listing Price Info

Price Summary:

  • List Price: $485,000
  • Price Per SqFt: $278/SqFt

HOA Fees:

  • Amount: $908
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Merritt Island, FL.

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Merritt Island, FL

City

Med. Sold Price

$468.3K

Med. Price/SqFt

$247

Avg. Days On Market

43

# of Sold Homes

95

540 S Banana River Dr Unit 305 vs Merritt Island

15 DAYS ON ROCKET

-28 Days

$485,000

+$16.6K More

$278/SqFt

+$31 More

KEY TAKEAWAY

This property is $16.6K more than the Median Sold Price and $31/SqFt more than other homes in Merritt Island, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #1014293

Listing Office:

  • Office Name: Keller Williams Realty Brevard
  • Office Phone: (321) 259-1170
  • Listing Agent: Chelsea Lauren West

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 12:50:39 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,396

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,521

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6932822
8
/10

  • Tropical Elementary School

  • 885 S Courtenay Pkwy

  • 2.10 miles

  • Public District Grades KG-6

Middle School

school-card-donut-6932823
4
/10

  • Thomas Jefferson Middle School

  • 1275 S Courtenay Pkwy

  • 1.77 miles

  • Public District Grades 7-8

High School

school-card-donut-6932824
4
/10

  • Merritt Island High School

  • 100 Mustang Way

  • 3.00 miles

  • Public District Grades PK-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,556. Most Merritt Island, FL residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 540 S Banana River Dr Unit 305

What is the listing price of this property?

The listing price of 540 S Banana River Dr Unit 305 property is $485,000.

What type of property is this?

The property 540 S Banana River Dr Unit 305 is a condo located in Merritt Island, Florida, 32952.

Is this property for sale now?

Active Listing: 540 S Banana River Dr Unit 305 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 540 S Banana River Dr Unit 305 are:
Tropical Elementary School: GreatSchools Rating 8/10
Thomas Jefferson Middle School: GreatSchools Rating 4/10
Merritt Island High School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 540 S Banana River Dr Unit 305 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 540 S Banana River Dr Unit 305 is 1,743 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 540 S Banana River Dr Unit 305 is 2005.

Rocket Homes›Florida›Brevard County›Merritt Island›32952›540 S Banana River Dr Unit 305

This home is located at 540 S Banana River Dr Unit 305 in Merritt Island, FL and zip code 32952. This 1,743 square foot home, which was built in 2005, sits on a 0.02 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $485,000.

In May 2024, from all listings sold in Merritt Island, FL there were more than 8 sold above asking price, over 65 sold below and more than 22 were sold right at the asked price. The number of listings in Merritt Island, FL increased by 0.2% between April 2024 and May 2024. Listings spent 43 days on the market in May 2024, and had a median list price of $468,340 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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