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#1051282, Janis E Shealy, Listing office: Better Homes & Gardens RE Star
$435,000 List price
540 S Banana River Dr Unit 305 Merritt Island, FL 32952
3 beds
3 full
1,743 sqft
0.02 acres
$250 / sqft
Condo
Property details
About 540 S Banana River Dr Unit 305
Kick Out Clause- Top-floor riverfront retreat—where luxury and lifestyle come together! Enjoy breathtaking Banana River views from your private balcony as you watch rocket launches, dolphins, and manatees. This freshly painted, open-concept condo features soaring 10 ft ceilings, impact windows, interior sprinklers, and all-new quartz countertops in the kitchen and vanities. The custom kitchen includes a pantry and brand new dishwasher, range, and microwave, opening seamlessly to the living area—perfect for entertaining. All 3 bedrooms offer en-suite baths for ultimate comfort and privacy. The primary suite is a true sanctuary with an oversized tub, walk-in shower, and spacious closet. Enjoy resort-style amenities: pool, hot tub, sauna, fitness center, and clubhouse. With garage parking for 2 cars, 2 storage units, a NEW ROOF, NO ASSESSMENTS, and available boat slips—this is riverfront living at its best. Just minutes to the beach, shopping, dining, & entertainment! Make it yours today
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Size1,743 sqft
Lot size0.02 Acres
Year built2005
ParkingAdditional Parking,Gated
MLS #1049024
Garage2 spaces
WaterfrontRiver Front
ViewMarina, River
Virtual tour
Summary
- Full Bathrooms: 3
- Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
- Flooring Type: Tile
- Interior: Ceiling Fan(s),Kitchen Island,Pantry,Primary Bathroom - Tub with Shower,Walk-In Closet(s)
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Additional Parking,Gated
- Waterfront: River Front
- View: Marina, River
- Exterior: Balcony
- Heating: Central
- Cooling: Central Air
- List Price: $435,000
- Price/SqFt: $249
- HOA Amount: $908 Monthly
- Lot: Other
- Directions: 520to S. Banana River Dr. and head south, complex is on the left.
- Year Built: 2005
- Stories: 1
- Living Area: 1,743 SqFt
- Lot Size: 0.02 Acres
- MLS Number: 1049024
- MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
- Office Name: Florida Homes Rlty & Mtg. LLC
- Office Phone: (904) 996-9115
- Office Email: fhrmcorp@lovefhrm.com
- Listing Agent: Dawn Capehart
Copyright © 2025 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it 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. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 11:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
8
Tropical Elementary School
Public District KG-6
2.1 mi
•885 S Courtenay Pkwy
8
Audubon Elementary School
Public District PK-6
2.2 mi
•1201 N Banana River Dr
4
MILA Elementary School
Public District PK-6
2.7 mi
•288 W Merritt Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $54,556. Most Merritt Island, FL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
34%
<35k
46%
35k-100k
19%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
10%
Single, with Kids
29%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
8%
12-17 yrs old
14%
18-34 yrs old
48%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Figure Skating
Pro Boxing
Where do the neighbors shop?
Nordstrom Rack
Chico's
Family Dollar
Where do the neighbors go to eat?
Chipotle
Bob Evans
White Castle
What do the neighbors drive?
Mazda
Oldsmobile
Chevrolet
What do the neighbors listen to?
Rock
News
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 540 S Banana River Dr Unit 305
The listing price of 540 S Banana River Dr Unit 305 property is $435,000.
The property 540 S Banana River Dr Unit 305 is a condo located in Merritt Island, Florida, 32952.
Active Listing: 540 S Banana River Dr Unit 305 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 540 S Banana River Dr Unit 305 are: Tropical Elementary School (GreatSchools Rating 8/10), Audubon Elementary School (GreatSchools Rating 8/10), MILA Elementary School (GreatSchools Rating 4/10), Jefferson Middle School (GreatSchools Rating 5/10), Ronald McNair Magnet School (GreatSchools Rating 3/10), Emma Jewel Charter Academy (GreatSchools Rating 2/10), Edgewood Jr/Sr High School (GreatSchools Rating 10/10), Cocoa Beach Junior/Senior High School (GreatSchools Rating 6/10), Merritt Island High School (GreatSchools Rating 5/10).
The property at 540 S Banana River Dr Unit 305 has 3 bedrooms and 3 bathrooms.
The property 540 S Banana River Dr Unit 305 is 1,743 SqFt (source: MLS/tax record).
The year of construction for 540 S Banana River Dr Unit 305 is 2005.
This home is located at 540 S Banana River Dr Unit 305 in Merritt Island, FL and zip code 32952. This 1,743 square foot home, which was built in 2005, sits on a 0.02 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 14, 2025 and is currently priced at $435,000.
Merritt Island, FL housing market in June 2025 saw over 3 listings sold above listed price, more than 8 sold at listed price and over 60 sold below. In June 2025 in Merritt Island, FL there were 3.1% more homes for sale than in May. The median list price of listings available in June 2025 was $465,000, while the average time on the real estate market was 48 days.
From Rocket Homes Real Estate and based on county public records data.