Schedule Tour
$490,000

540 Banana River Dr

Merritt Island, FL
Active
3
Bedrooms
3
Bathrooms
1,743
Square Feet
0.02
Lot Size (acres)
2005
Year Built
172
Days On Market

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.

Take the 3D virtual tour →

Listing Information

Listing Updated
09/02/2026
Listed By
Darlene E Quivey · EXP Realty, LLC, 8888838509
MLS#
1074681
Source
Space Coast MLS (Space Coast Association of REALTORS)
Status
Active

Facts & Features

Location

Community Information

Address
540 S Banana River Dr #105, Merritt Island, FL 32952
City
Merritt Island
County
Brevard
Neighborhood
Marina Village Condo Ph I
Zip Code
32952

Architecture

Bedrooms
3
Bathrooms
3
Stories
4
Year Built
2005
Construction Materials
Stucco, Block, Concrete
Building Area
1,743 sq. ft.
Roof
Membrane
Levels
Three Or More
Garage
Yes
Garage Spaces
2
Parking Features
Garage Door Opener, Assigned, Guest, Underground

Features & Amenities

Interior Features
Ceiling Fan(s), Walk-In Closet(s), Pantry, Wet Bar, Breakfast Bar, Open Floorplan, Built-in Features
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator, Disposal, Tankless Water Heater
Flooring
Tile
Exterior Features
Balcony, Outdoor Shower
Patio and Porch
Patio
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Electric, Central

Property Features

Lot Size
0.02 Acres
Lot Features
Waterfront, Other
View
Water, Pool, River, Marina
Water
Public
Sewer
Public Sewer
Utilities
Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Square Footage

Total
1,743 sq. ft.

Tax & Financial Information

List Price
$490,000
Annual Taxes
$2,172
Association Fee
$912 (paid Monthly)
Fee Includes
Trash, Water, Sewer, Cable TV, Internet, Pest Control
Association Amenities
Clubhouse, Fitness Center, Pool, Sauna, Storage, Spa/Hot Tub, Boat Dock, Maintenance Grounds, Car Wash Area, Maintenance Structure

Schools

99/100
Edgewood Junior/Senior High School
High · Grades 07–12 · 2.3 mi
City
Merritt Island
Students
940
Parent reviews
5.0★ avg · 2 reviews
Student body
76% White · 11% Hispanic / Latino · 6% Two or More Races
Free/reduced lunch
10%
Phone
(321) 454-1030
75/100
Cocoa Beach Junior/Senior High School
High · Grades 07–12 · 2.8 mi
City
Cocoa Beach
Students
1,126
Parent reviews
5.0★ avg · 1 review
Student body
77% White · 11% Hispanic / Latino · 6% Two or More Races
Free/reduced lunch
25%
Phone
(321) 783-1776
73/100
Tropical Elementary School
Elementary · Grades PK–06 · 2.1 mi
City
Merritt Island
Students
736
Parent reviews
5.0★ avg · 1 review
Student body
79% White · 8% Hispanic / Latino · 8% Two or More Races
Free/reduced lunch
43%
Phone
(321) 454-1080
70/100
Theodore Roosevelt Elementary School
Elementary · Grades PK–06 · 2.9 mi
City
Cocoa Beach
Students
357
Parent reviews
4.3★ avg · 3 reviews
Student body
71% White · 13% Hispanic / Latino · 8% Two or More Races
Free/reduced lunch
36%
Phone
(321) 868-6660
68/100
Mila Elementary School
Elementary · Grades PK–06 · 2.7 mi
City
Merritt Island
Students
428
Parent reviews
4.0★ avg · 1 review
Student body
51% White · 18% Black · 16% Hispanic / Latino
Free/reduced lunch
64%
Phone
(321) 454-1070
56/100
Project Search
High · Grades 12–12 · 2.5 mi
City
Cocoa Beach
Students
34
Student body
56% White · 18% Hispanic / Latino · 18% Two or More Races
Free/reduced lunch
24%
Phone
(321) 633-1000
55/100
Rockledge Senior High School
High · Grades 09–12 · 3.8 mi
City
Rockledge
Students
1,518
Student body
46% White · 28% Black · 16% Hispanic / Latino
Free/reduced lunch
44%
Phone
(321) 636-3711
54/100
Thomas Jefferson Middle School
Middle · Grades 07–08 · 1.8 mi
City
Merritt Island
Students
615
Student body
72% White · 11% Hispanic / Latino · 7% Two or More Races
Free/reduced lunch
43%
Phone
(321) 453-5154

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
05/05/2026Price change$490,000
04/15/2026Listed for sale$500,000

Listed by Darlene E Quivey · EXP Realty, LLC · 8888838509

The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of Brevard MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and 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. Copyright © 2026 Brevard MLS. All Rights Reserved.

Last Updated: September 2, 2026 at 1:35 PM | Source: Brevard MLS | MLS#: 1074681

Let's work together

Start Your Real Estate Journey

Whether you have questions about this listing, want to schedule a showing, or just want to talk through your options, Alene Civil is here to help. Reach out and expect a response within one business day.

How can I help?

Alene Civil is here to help. Reach out and expect a response within one business day.

Lending calculator

Make A Plan For Your Purchase

Know what you can afford before you start shopping — then run the numbers on any home you have in mind.

How much house can I afford?

$500,000
You can afford
$0
Monthly payment
  • Principal & interest
  • Property taxes
  • Homeowner's insurance
  • HOA dues

Enter your income, debts, and down payment to see how much home you may qualify for. Estimates only — not a lending decision.

Want to know more?

Keisha is here to help. Reach out and expect a response within one business day.

Mortgage pre-approval

Your Next Chapter Starts With Just A Few Steps

Before you fall in love with a home, know what you can afford. Fill out a quick pre-approval so you're ready to make your move — on your timeline.

Keisha
Durand
Keisha
LO NMLS: #972729

Pre-approval made easy

We're here to help you find the best option, not to help the best option find you. Trust that your information will not be shared with many different lenders like so many platforms do.