540 S Banana River Drive 105, Merritt Island, FL 32952 (MLS# 1074681)

540 S Banana River Drive 105, Merritt Island, FL 32952

$490,000

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https://www.virtualtourcafe.com/mls/10004738

12 primary bedroom with slider to balcon

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

Current Price: $490,000 List Date: 4/15/2026 Last Modified: 5/18/2026

Overview

Description

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.

Listing Details MLS# 1074681

General Property Information

Bedrooms Total: 3
Bathrooms Total: 3
Accessory Dwelling Unit Y/N: No
Bathrooms Full: 3
Living Area: 1743
Living Area Source: Assessor
Building Area Total: 1743
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: 871.2
Land Lease YN: No
Association YN: Yes
Association Fee: 912
Association Fee Frequency: Monthly
Association Name: Marina Village Condos
Association Phone: 954-699-7464
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Water Body Name: Banana River
Furnished: Unfurnished
Stories: Yes
Stories Total: 4
Entry Level: 2
Direction Faces: South
Senior Community YN: No
Pool Private YN: No
List Price/SqFt: 281.12
Bathrooms Half: 0

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Tankless Water Heater; Washer Association Amenities: Boat Dock; Car Wash Area; Clubhouse; Fitness Center; Maintenance Grounds; Maintenance Structure; Management - Full Time; Management - Off Site; Pool; Sauna; Spa/Hot Tub; Storage Association Fee Includes: Cable TV; Internet; Pest Control; Trash; Water Construction Materials: Block; Concrete; Stucco Cooling: Central Air; Electric Current Use: Marina; Residential Exterior Features: Balcony; Boat Ramp - Private; Outdoor Shower Fencing: Fenced Flooring: Tile Heating: Central; Electric Interior Features: Breakfast Bar; Built-in Features; Ceiling Fan(s); Open Floorplan; Pantry; Primary Bathroom - Tub with Shower; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s); Wet Bar Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Other Other Structures: Shed(s) Parking Features: Assigned; Garage Door Opener; Guest; Underground Patio And Porch Features: Patio Pets Allowed: Number Limit; Size Limit Possession: Close Of Escrow Property Condition: Updated/Remodeled Rental Restrictions: 3 Months Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Membrane Security Features: Fire Sprinkler System; Secured Elevator; Secured Lobby; Security Gate Sewer: Public Sewer Showing Requirements: Appointment Only; No Sign Spa Features: Community; Heated; In Ground Special Listing Conditions: Standard Utilities: Cable Available; Cable Connected; Electricity Connected; Sewer Connected; Water Connected View: Intracoastal; Marina; Pool; River; Water Water Source: Public Waterfront Features: Intracoastal; Navigable Water Showing Considerations: Occupied Room Types: Bedroom 2; Bedroom 3; Great Room; Kitchen; Laundry; Primary Bathroom; Utility Room; Other Room Community Features: Gated

Contract Information

Original List Price: 500000
Listing Contract Date: 2026-04-15
Property Sub Type: Condominium
Unit Type: Exterior Unit
Comp Sale YN: No

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: 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.

Status Change Information

Major Change Timestamp: 2026-05-05T17:11:35Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-05T17:11:35Z
Status Change Timestamp: 2026-04-15

More Information

Closing Company Details

Closing Company Name: Island Title & Escrow, Sarah Thomas
Closing Company Address: 2245 N. Courtenay Pkwy, Merritt Island, FL 32953

DPR Eligible

DPR Eligible: Yes

Legal Details

Permission Granted to Advertise: Yes

Pets Allowed

Total Number Of Pets: 2
Weight Limit: 35
Number Limit: Yes
Size Limit: Yes

Showing Requirements

Gated: Community
Appointment Only: Yes
No Sign: Yes

Currently Not Used

Homestead YN: Yes

Location, Tax, and Legal

Unit Number: 105
Tax Account: 2458488
Parcel Number: 24-37-31-75-00000.0-0003.06
General County Location: Central
Elementary School: Tropical
Middle School: Jefferson
High School: Merritt Island
Tax Annual Amount: 2172.85
Tax Year: 2025
Tax Legal Description: MARINA VILLAGE CONDO PH I UNIT 205 MARINA VILLAGE CONDO PHASE I AS DESC IN ORB 5450 PG 1981 AND ALL AMENDMENTS THERETO
Directions: From 520 turn South onto S. Banana River Dr. to Marina Village Condo on the left

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Tankless Water Heater: Yes
Washer: Yes

Association Amenities

Boat Dock: Yes
Car Wash Area: Yes
Clubhouse: Yes
Fitness Center: Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Management - Full Time: Yes
Management - Off Site: Yes
Pool: Yes
Sauna: Yes
Spa/Hot Tub: Yes
Storage: Yes

Association Fee Includes

Cable TV: Yes
Internet: Yes
Pest Control: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes
Electric: Yes

Current Use

Marina: Yes
Residential: Yes

Exterior Features

Balcony: Yes
Boat Ramp - Private: Yes
Outdoor Shower: Yes

Fencing

Fenced: Yes

Flooring

Tile: Yes

Heating

Central: Yes
Electric: Yes

Interior Features

Breakfast Bar: Yes
Built-in Features: Yes
Ceiling Fan(s): 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
Wet Bar: Yes

Laundry Features

Electric Dryer Hookup: Yes
Washer Hookup: Yes

Levels

Three Or More: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Other: Yes

Other Structures

Shed(s): Yes

Parking Features

Assigned: Yes
Garage Door Opener: Yes
Guest: Yes
Underground: Yes

Patio And Porch Features

Patio: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Roof

Membrane: Yes

Security Features

Fire Sprinkler System: Yes
Secured Elevator: Yes
Secured Lobby: Yes
Security Gate: Yes

Sewer

Public Sewer: Yes

Spa Features

Community: Yes
Heated: Yes
In Ground: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Available: Yes
Cable Connected: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

Intracoastal: Yes
Marina: Yes
Pool: Yes
River: Yes
Water: Yes

Water Source

Public: Yes

Waterfront Features

Intracoastal: Yes
Navigable Water: Yes

Showing Considerations

Occupied: Yes

Property Condition

Updated/Remodeled: Yes

Rental Restrictions

3 Months: Yes

Room Types

Bedroom 2: Yes
Bedroom 3: Yes
Great Room: Yes
Kitchen: Yes
Laundry: Yes
Primary Bathroom: Yes
Utility Room: Yes
Other Room: Yes

Community Features

Gated: Yes

Room Information

Kitchen Length: 10.83 Length: 10.83 Width: 7.83 Width: 7.83 Remarks: Soft close & slide out drawers Primary Bathroom Length: 17.58 Length: 17.58 Width: 13.33 Width: 13.33 Remarks: Slider to Balcony & Banana River view Bedroom 2 Length: 14.08 Length: 14.08 Width: 11.25 Width: 11.25 Remarks: North View of Banana River Bedroom 3 Length: 12.75 Length: 12.75 Width: 11.25 Width: 11.25 Remarks: En-Suite W North View of Banana River Other Length: 17.58 Length: 17.58 Width: 13.33 Width: 13.33 Remarks: Master Bath, Glass Shower, Soaking Tub Other Length: 7.58 Length: 7.58 Width: 5.25 Width: 5.25 Remarks: Bath #2, Tub-Shower, 18' Tile floor Other Length: 9.33 Length: 9.33 Width: 5.50 Width: 5.50 Remarks: Bath #3, Ensuite, Tub-Shower Great Room Length: 24.00 Length: 24.00 Width: 13.25 Width: 13.25 Remarks: Triple Sliders, Wood Floor Other Length: 8.83 Length: 8.83 Width: 4.83 Width: 4.83 Remarks: Master Custom Walk-in Closet Laundry Length: 5.25 Length: 5.25 Width: 3.66 Width: 3.66 Other Length: 7.75 Length: 7.75 Width: 2.16 Width: 2.16 Remarks: Wet Bar Area with Upper and Lower Cabinets Utility Room Length: 6.91 Length: 6.91 Width: 5.08 Width: 5.08 Other Length: 4.08 Length: 4.08 Width: 3.50 Width: 3.50 Remarks: Patio Storage Other Length: 22.00 Length: 22.00 Width: 9.58 Width: 9.58 Remarks: Un-Screened Balcony Banana River View, Patio

Listing Office: EXP Realty, LLC

Last Updated: May - 18 - 2026

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

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