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$555,000
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Property Description
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)
Full Property Details
Full Property Details for 540 S Banana River Dr #101
General
- Sold For: $555,000
- HOA FEE: $934/month
- Taxes: (2025)
- Status: Closed
- Type: Condo
- Source: BrevardCounty
- MLS ID: 1062554
- Added to Site: 134 day(s) ago
Interior
- Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Entrance Foyer, Guest Suite, In-Law Floorplan, Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
- Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, Ice Maker, Induction Cooktop, Microwave, Plumbed For Ice Maker, Refrigerator, Washer
- Furnishings: Unfurnished
- Flooring: Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Electric Dryer Hookup, In Unit, Washer Hookup
Additional Information
- Shared Amenities: Boat Dock, Cable TV, Car Wash Area, Elevator(s), Fitness Center, Gated, Maintenance Grounds, Maintenance Structure, Management - Off Site, Marina, Pool, Sauna, Spa/Hot Tub, Trash, Water
- Spa: Yes
- Spa Description: Community, Heated, In Ground
- Security/Safety: Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Firewall(s), Security Fence, Security Gate, Security Lights, Smoke Detector(s), Entry Phone/Intercom, Secured Elevator, Secured Lobby
Exterior
- Exterior Features: Balcony, Dock, Impact Windows
- Porch/Patio/Deck: Covered, Rear Porch, Wrap Around
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Assigned, Garage, Garage Door Opener, Gated, Guest, Secured, Underground
Location
- Area: 253 - S Merritt Island
- County: Brevard
- Subdivision: Marina Village Condo Ph I
- Driving Directions: from US 1 East on 520 turn right on S. Banana River Dr. head south, Marina Village will be on the left.
- Direction Faces: North
School Information
- Elementary School: Tropical
- Middle School: Jefferson
- High School: Merritt Island
Community
- Community Features: Boat Dock, Cable TV, Car Wash Area, Elevator(s), Fitness Center, Gated, Maintenance Grounds, Maintenance Structure, Management - Off Site, Marina, Pool, Sauna, Spa/Hot Tub, Trash, Water
- Association: Yes
- Assoc. Name: BP DAVIS PROPERTY MANAGEMENT
- Assoc. Fees Include: Cable TV, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Security, Sewer, Trash, Water
- Pets Allowed: Yes
- Pet Restrictions: Cats OK, Dogs OK, Number Limit
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric, Split System
- Heating Type: Central, Electric, Hot Water
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Structural Information
- Architectural Style: Traditional
- Exterior Const.: Concrete, Stucco
- Roof: Concrete, Membrane
- Stories/Levels: 1
- Square Feet: 2,279
- Living Area: 2,279 Sq. Ft.
- Current Bldg. Use: Marina, Residential
- Year Built: 2005
Lot Features
- Property View: Marina, River
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 871
- Frontage: County Road
- Street/Road Desc.: Asphalt
- Lot Features: Few Trees, Sprinklers In Front, Sprinklers In Rear
- Fencing (Description): Block, Chain Link, Full, Wrought Iron
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Banana River
Financial Considerations
- Price Per Sq. Ft.: $250.07
- Association Fee: Yes
- Association Fee: $934
- Assoc Fee Freq.: Monthly
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 24-37-31-75-00000.0-0003.02
Listed by Better Homes & Gardens RE Star
Sold by Seaside Realty of Brevard
Get Pre-Approved Today
Schools
Schools serving 540 S Banana River Dr #101
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Tropical Elementary School, Merritt Island, FL 885 South Courtenay Parkway, Merritt Island, FL 32952 | K-6 | 2.1 mi |
Merritt Island High School 100 Mustang Way, Merritt Island, FL 32953 | 9-12 | 3.2 mi |
Thomas Jefferson Middle School, Merritt Island, FL 1275 South Courtenay Parkway, Merritt Island, FL 32952 | 7-8 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 540 S Banana River Dr #101
Date
Details
Price
Change
Source
4/01/2026
Sold
$555,000
-2.61%
MLS
12/19/2025
Price Reduced
$569,900
-1.72%
MLS
11/19/2025
Listed
$579,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
540 S Banana River Drive #101, Merritt Island, FL 32952 (MLS# 1062554) is a Condo property that was sold at $555,000 on April 01, 2026. Want to learn more about 540 S Banana River Drive #101? Do you have questions about finding other Condo real estate for sale in Merritt Island? You can browse all Merritt Island real estate or contact a Coldwell Banker agent to request more information.

