$2,700,000

1295 S Banana River Dr Merritt Island, FL 32952

Estimated payment $15,061/month

Total Views 17,264
5 Beds
5 Baths
4,860 Sq Ft
$556 Price per Sq Ft

Highlights

  • Very Popular Property
  • Wine Cellar
  • RV Access or Parking
  • Intracoastal View
  • Heated In Ground Pool
  • Open Floorplan

About This Home

Experience the pinnacle of coastal luxury at Marina Bay Estates, Merritt Island's exclusive marina-front enclave. Perfectly positioned on a premier homesite, this exceptional new construction model residence offers an unparalleled blend of sophisticated design, resort-style amenities, and breathtaking views of the marina, Banana River, and iconic Space Coast rocket launches. Designed for elevated waterview living, this five-bedroom, five-bath estate with a private den showcases soaring 12-foot ceilings, expansive impact-rated windows and doors, and seamless indoor-outdoor entertaining spaces. Three private balconies capture stunning panoramic vistas, while the resort-inspired pool and outdoor kitchen create the ultimate setting for entertaining or unwinding in style. Inside, every detail reflects refined craftsmanship and luxury living, including a temperature-controlled wine cellar, dual primary suites designed for comfort and privacy, and spacious open-concept living areas curated for modern elegance. For boating and adventure enthusiasts, the property includes a designated boat slip, a two-car garage, and an impressive 45-foot RV/boat garage -- a rare offering for waterfront luxury homes. Located just steps from the renowned Marker 24 Riverfront Grille and only minutes from Cocoa Beach and Cape Canaveral, this extraordinary residence offers effortless access to dining, beaches, boating, and the very best of Florida's coastal lifestyle.

Listing Agent

Jodie Bizarro

Waterman Real Estate, Inc. License #3457527 Listed on: 06/05/2026

Waterman Real Estate, Inc.

Co-Listing Agent

Vera Koon

Waterman Real Estate, Inc. License #684873

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,621

Year Built

  • Built in 2026

Lot Details

  • 15,246 Sq Ft Lot
  • East Facing Home

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener
  • RV Access or Parking

Property Views

  • Intracoastal
  • River
  • Pool

Home Design

  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 4,860 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Entrance Foyer
  • Wine Cellar
  • Tile Flooring

Kitchen

  • Double Convection Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Dual Closets
  • Walk-In Closet
  • In-Law or Guest Suite
  • 5 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry on lower level
  • Electric Dryer Hookup

Home Security

  • High Impact Windows
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Saltwater Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Kitchen

Schools

  • Tropical Elementary School
  • Jefferson Middle School
  • Merritt Island High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Aerobic Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 25-37-06-Cx-00000.0-0015.09

Community Details

Overview

  • Banana River Drive Subd Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,621

Year Built

Built in 2026

Lot Details

0.35 Acres

HOA Fees

$300 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2026
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Lower Level, Upper Level
  • ResoLotFeatures: Other
  • Road Surface Type: Asphalt
  • Reso View: Pool, River, Intracoastal
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: Pool
  • Co List Office Mls Id: spa.owatr0
  • Co List Office Phone: 321-215-2100
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Banana River Drive Subd
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Community Fee(s) YN: No
  • General Property Information CDD Fee YN: No
  • Marketing Remarks:Marketing Remarks: Experience the pinnacle of coastal luxury at Marina Bay Estates, Merritt Island's exclusive marina-front enclave. Perfectly positioned on a premier waterview homesite, this exceptional new construction model residence offers an unparalleled blend of sophisticated design, resort-style amenities, and breathtaking views of the marina, river, and iconic Space Coast rocket launches. Designed for elevated waterview living, this five-bedroom, five-bath estate with a private den showcases soaring 12-foot ceilings, expansive impact-rated windows and doors, and seamless indoor-outdoor entertaining spaces. Three private balconies capture stunning panoramic vistas, while the resort-inspired pool and outdoor kitchen create the ultimate setting for entertaining or unwinding in style. Inside, every detail reflects refined craftsmanship and luxury living, including a temperature-controlled wine cellar, dual primary suites designed for comfort and privacy, and spacious open-concept living areas
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s), Entrance Foyer, His and Hers Closets, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Primary Downstairs, Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Guest Suite, Wine Cellar
  • Flooring: Tile
  • Appliances: Convection Oven, Double Oven, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Plumbed For Ice Maker, Refrigerator, Wine Cooler
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Stories: 2

Exterior Features

  • Exterior Features: Balcony, Outdoor Kitchen, Outdoor Shower, Impact Windows
  • Pool Features: Heated, In Ground, Salt Water
  • Roof: Metal
  • Acres: 0.35
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Patio And Porch Features: Covered, Patio

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Garage, Garage Door Opener, RV Access/Parking

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Water Connected
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Association Name: tbd
  • Association: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Current Use: Residential, Single Family
  • Land Lease: No
  • Lot Size Sq Ft: 15246.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 25-37-06-Cx-00000.0-0015.09
  • Zoning Description: Residential

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 1621.26

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

3D Interior and Exterior Tours

Floorplans

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $764 $135,000 -- --
2024 $787 $63,970 -- --
2023 $787 $63,970 $63,970 $0
2022 $1,487 $125,340 $0 $0
2021 $2,470 $188,830 $188,830 $0
2020 $2,537 $188,830 $188,830 $0
2019 $2,620 $188,830 $188,830 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/05/2026 06/05/26 For Sale $2,700,000 -- $556 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- Dockside Title
Warranty Deed $375,000 Peninsula Title
Warranty Deed $500,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,500,000 New Conventional
Previous Owner $1,050,000 Construction
Source: Public Records

About the Listing Agent

Jodie Bizarro

Waterman Real Estate, Inc.

(855) 947-1197

Section Image

My goal as a Realtor is to reduce the stress and fears associated with making such a large investment or sale. It’s absolutely crucial to have the right agent on your side during a decision like this and it is my pleasure to provide clients with the reassurance they need when searching for a Realtor. I make it one of my highest priorities to communicate with my clients so they fully understand each step of the process.
As my client, you will know what’s happening at each turn so you’re able

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Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1079164

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-06-CX-00000.0-0015.09

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