540 S Banana River Drive 103, Merritt Island, FL 32952 (MLS# 1074404)

540 S Banana River Drive 103, Merritt Island, FL 32952

$459,900

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,743 Lot Size (sq. ft.): 871 Status: Active

Current Price: $459,900 List Date: 4/11/2026 Last Modified: 5/22/2026

Overview

Description

Just listed a direct Banana River front condo. Bring your boat, boat lift included in this sale. This luxury condo is in a gated community with 3 bedrooms, 3 baths. Features 2 car parking places under the building including a private storage closet. Large marina dock along side the community pool. This unit has crown molding, maple kitchen cabinets tile floors and large covered balcony along with Corian tops in great shape, washer and dryer utility closet, 2 master suites, with walk-in closets and so much more. A must see.

Listing Details MLS# 1074404

General Property Information

Bedrooms Total: 3
Bathrooms Total: 3
Bathrooms Full: 3
Living Area: 1743
Living Area Source: Public Records
Accessibility Features YN: No
New Construction YN: No
Year Built: 2005
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 0.02
Lot Size Square Feet: 871
Association YN: Yes
Association Fee: 934
Association Fee Frequency: Monthly
Association Name: Marina Village Condominium
CDD Fee YN: No
Community Fee(s) YN: No
Waterfront YN: Yes
Water Body Name: Banana River
Furnished: Unfurnished
Stories: Yes
Stories Total: 4
Entry Level: Yes
Direction Faces: North
Senior Community YN: No
Pool Private YN: No
List Price/SqFt: 263.86
Bathrooms Half: 0

Property Features

Appliances: Dishwasher; Disposal; Electric Oven; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator Association Amenities: Boat Dock; Cable TV; Car Wash Area; Elevator(s); Fitness Center; Gated; Maintenance Grounds; Maintenance Structure; Management - Off Site; Marina; Pool; Spa/Hot Tub; Trash; Water Construction Materials: Concrete; Stucco Cooling: Central Air; Electric Current Use: Residential Exterior Features: Balcony; Dock Fencing: Block; Chain Link; Full; Wrought Iron Heating: Central; Electric Interior Features: Breakfast Bar; 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) Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: Cash; Conventional Lot Features: Few Trees; Sprinklers In Front Parking Features: Additional Parking; Assigned; Garage; Garage Door Opener; Gated; Guest; Secured; Underground Patio And Porch Features: Covered; Rear Porch Pets Allowed: Cats OK; Dogs OK; Number Limit; Yes Possession: Close Of Escrow Rental Restrictions: 3 Months Road Frontage Type: County Road Road Surface Type: Asphalt Roof: Concrete; Membrane Security Features: Closed Circuit Camera(s); Entry Phone/Intercom; Fire Alarm; Fire Sprinkler System; Firewall(s); Secured Elevator; Secured Lobby; Security Fence; Security Gate; Security Lights; Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Appointment Only; Showing Service Spa Features: Community; Heated; In Ground Special Listing Conditions: Standard Utilities: Cable Available; Electricity Available; Water Available View: Marina Water Source: Public Waterfront Features: River Front Community Features: Gated; Sidewalks

Contract Information

Original List Price: 464900
Listing Contract Date: 2026-04-11
Property Sub Type: Condominium
Unit Type: Interior Unit

Location Tax and Legal

Street Number: 540
Street Direction Prefix: S
Street Name: Banana River
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32952
MLS Area Major: 254 - Newfound Harbor
Subdivision Name: Marina Village Condo Ph I

Remarks and Miscellaneous

Public Remarks: Just listed a direct Banana River front condo. Bring your boat, boat lift included in this sale. This luxury condo is in a gated community with 3 bedrooms, 3 baths. Features 2 car parking places under the building including a private storage closet. Large marina dock along side the community pool. This unit has crown molding, maple kitchen cabinets tile floors and large covered balcony along with Corian tops in great shape, washer and dryer utility closet, 2 master suites, with walk-in closets and so much more. A must see.

Status Change Information

Major Change Timestamp: 2026-05-22T16:59:49Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-22T16:59:49Z
Status Change Timestamp: 2026-04-11

More Information

Closing Company Details

Closing Company Name: A1A Beachside Title, Inc. / Gail M. Scarsciotti
Closing Company Address: 1980 N. Atlantic Ave, Suite 305, Cocoa Bch, F:L 32931 / PH: 321-868-1554

DPR Eligible

DPR Eligible: Yes

Legal Details

Permission Granted to Advertise: Yes

Pets Allowed

Total Number Of Pets: 2
Weight Limit: 30
Cats OK: Yes
Dogs OK: Yes
Number Limit: Yes
Yes: Yes

Power Production Type

Ownership: Seller Owned

Currently Not Used

Homestead YN: Yes

Location, Tax, and Legal

Unit Number: 103
Tax Account: 2458486
Parcel Number: 24-37-31-75-00000.0-0003.04
General County Location: Central
Elementary School: Tropical
Middle School: Jefferson
High School: Merritt Island
Tax Annual Amount: 1899.44
Tax Year: 2025
Tax Legal Description: MARINA VILLAGE CONDO PH I UNIT 203 MARINA VILLAGE CONDO PHASE I AS DESC IN ORB 5450 PG 1981 AND ALL AMENDMENTS THERETO
Directions: From 520 turn Right onto S. Banana River Dr. to Marina Village Condo.

Appliances

Dishwasher: Yes
Disposal: Yes
Electric Oven: Yes
Electric Range: Yes
Electric Water Heater: Yes
Ice Maker: Yes
Microwave: Yes
Refrigerator: Yes

Association Amenities

Boat Dock: Yes
Cable TV: Yes
Car Wash Area: Yes
Elevator(s): Yes
Fitness Center: Yes
Gated: Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Management - Off Site: Yes
Marina: Yes
Pool: Yes
Spa/Hot Tub: Yes
Trash: Yes
Water: Yes

Construction Materials

Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes
Electric: Yes

Current Use

Residential: Yes

Exterior Features

Balcony: Yes
Dock: Yes

Fencing

Block: Yes
Chain Link: Yes
Full: Yes
Wrought Iron: Yes

Heating

Central: Yes
Electric: Yes

Interior Features

Breakfast Bar: Yes
Ceiling Fan(s): Yes
Entrance Foyer: Yes
Guest Suite: Yes
In-Law Floorplan: Yes
Open Floorplan: Yes
Pantry: Yes
Primary Bathroom - Tub with Shower: Yes
Primary Bathroom -Tub with Separate Shower: Yes
Split Bedrooms: Yes
Walk-In Closet(s): Yes

Laundry Features

Electric Dryer Hookup: Yes
Washer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Few Trees: Yes
Sprinklers In Front: Yes

Parking Features

Additional Parking: Yes
Assigned: Yes
Garage: Yes
Garage Door Opener: Yes
Gated: Yes
Guest: Yes
Secured: Yes
Underground: Yes

Patio And Porch Features

Covered: Yes
Rear Porch: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

County Road: Yes

Road Surface Type

Asphalt: Yes

Roof

Concrete: Yes
Membrane: Yes

Security Features

Closed Circuit Camera(s): Yes
Entry Phone/Intercom: Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes
Firewall(s): Yes
Secured Elevator: Yes
Secured Lobby: Yes
Security Fence: Yes
Security Gate: Yes
Security Lights: Yes
Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Spa Features

Community: Yes
Heated: Yes
In Ground: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Water Available: Yes

View

Marina: Yes

Water Source

Public: Yes

Waterfront Features

River Front: Yes

Showing Requirements

Appointment Only: Yes
Showing Service: Yes

Rental Restrictions

3 Months: Yes

Community Features

Gated: Yes
Sidewalks: Yes

Documents

Flood Disclosure ›

Property disclosure ›

Listing Office: All Real Estate, Inc.

Last Updated: May - 22 - 2026

Information is deemed to be reliable, but is not guaranteed.