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540 S Banana River Drive 105

Merritt Island, FL, 32952

Active

$490,000

3

Bedrooms

3

Bathrooms

1,743 sqft

Living Area

2005

Year Built

$912

HOA / Monthly

Days on Market

Dock & Water AccessMLS

Navigable WaterIntracoastal

Data sources: SFWMD AHED waterway polygons · FHWA National Bridge Inventory 2024 · Not provided by the MLS or listing broker.

Description

Boat slips available to rent by owners in this community. Check out this direct waterfront community on the Banana River with miles of stunning views, breathtaking sunrises, and abundant wildlife. Enjoy watching rocket launches and cruise ships from the comfort of home. This spacious 3BR/3BA unit overlooks the river and community pool/spa. Private bath in master as well as bedroom 3. Open Great Room with triple sliders brings in natural light and river breezes. 10 foot ceilings and 8 foot doors. Primary bedroom features private balcony access with water views. Updates include new appliances and a tankless water heater, and AC is only 3 years old. Private marina with boat slips available (unit does not include slip). Conveniently located near the beach, Kennedy Space Center, Orlando International Airport, shopping, dining, and local attractions. No condo approval or right of first refusal. Two pets allowed (35 lb max). 3-month minimum rental.

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Location

Merritt Island, FL, 32952

No price history available for this property.

Displayed by Blue Mar Real Estate Group Inc., Licensed Florida Real Estate Broker (DBPR CQ1018554) · [email protected]

Listing courtesy of EXP Realty, LLC via Space Coast MLS

Last checked: 1 hour ago

Listing updated: September 2, 2026

© 2026 Space Coast Association of REALTORS®, Inc. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the Space Coast Association of REALTORS®. Information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

FEMA Flood Zone X

Minimal Flood Hazard

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Mortgage Calculator

Estimate your monthly payment for this waterfront property

20%

$98,000 down

%
Principal & Interest$2,543/mo
Property Tax (est. ~1.2%, varies by county)$490/mo
Home Insurance (est.)$250/mo
HOA Fees$912/mo
Total Monthly Payment$4,195
Loan Amount: $392,000Rate: 6.75%
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$490,000Tour the dockSchedule a Showing