NOT LISTED FOR SALE

1380 S Banana River Dr Merritt Island, FL 32952

Estimated Value: $1,151,000 - $1,616,000

5 Beds
3 Baths
2,765 Sq Ft
$462/Sq Ft Est. Value

Last Sold August 22, 2023

Last sale price $1,200,000 $434 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,749/month

332 Days on Market

Highlights

  • Boat Dock
  • Heated In Ground Pool
  • Wood Flooring
  • Tropical Elementary School Rated 9+
  • River View
  • Main Floor Primary Bedroom

About This Home

As of August 2023

A Boater's Dream and the best that sunny Florida has to offer....This gorgeous waterfront traditional Florida style stucco home is located on sought after South Banana River Drive, which is lined with Florida Oak trees dripping with Spanish moss and lined with eclectic residences ranging from old cracker homes to multi million dollar mansions in the well established and highly desirable area of picturesque Merritt Island, Florida. This unique area is home to Merritt Island National Wildlife Refuge which safeguards a 140,000-acre nature sanctuary that plays a role in the local beauty. Offering spectacular water views and situated on a sizable lot with 75 feet of waterfront directly on the Banana River, this home has wonderful landscaping with Florida's well known palm trees, an irrigation system, grass areas for pets and children to play and a paved brick drive and entry walkway. Additionally, an exceptional outdoor backyard gathering area with a heated salt water pool and spa for year round enjoymentr and coveted new boat dock with water and electricity. The dock can accommodate up to a 36' yacht with a 3.5 ft. draft along with other numerous watercraft, jet skis, kayaks and toys; giving you a waterfront home with the lifestyle you desire.'||chr(10)||''||chr(10)||''||chr(10)||'The home features a flowing split level floor plan with 5 bedrooms and 3 fully updated bathrooms and highlights high quality construction and a tasteful feel throughout with tall ceilings and light filled spacious rooms. Focal points include a large gourmet kitchen with premium grade soft touch closing custom cherry cabinetry, stainless steel appliances and deep rich granite countertops along with a breakfast bar, wine rack and formal dining room with trayed ceilings. The living room showcases a cozy wood burning fireplace with granite surround and custom hardwood mantel. The generous master bedroom is situated downstairs facing the river offering peaceful water views to enjoy, walk-in closets together with the master bathroom's jetted bathtub, separate shower and dual sinks make this a relaxing oasis. The enormous upstairs bedroom and bathroom a bonus room could be used as an office, den or entertainment room as well as an artist, music or craft studio space, nanny's quarters or mother-in-law suite. Other notable aspects this home offers are a Generac Automatic Transfer Switch connected to the home's power, high impact glass windows and slider doors, elevation upgraded sea wall, new roof in 2018 and eco-friendly distinctive acacia hardwood flooring throughout the main living area, master bedroom and second floor bonus room. '||chr(10)||''||chr(10)||''||chr(10)||'The home faces east looking at Cocoa Beach and is a short distance from the upscale full service five-star Marker 24 Marina and new fabulous waterfront restaurant & bar. This area boasts a plethora of things to do; from the Kennedy Space Center Visitor Complex to sports, outdoor activities and more. Cocoa Beach has lots to offer in the name of entertainment and fun; take a fishing charter, explore the area on a kayak tour, learn to surf, hang out at the beach or enjoy some great boutique shopping and wonderful dining. Visit Port Canaveral whereby you could be on a Walt Disney or Royal Caribbean Cruise ship and head out for a 3 day cruise to the Bahamas or a 7 day cruise to the Caribbean or watch a rocket launch and host a cocktail party off the veranda overlooking the Banana River. This home is perfect for entertaining family and friends and discovering the unique lifestyle, natural beauty and delightful climate that quintessential Florida has to offer.

Last Agent to Sell the Property

Anthony Scaramouche

Coldwell Banker Paradise Listed on: 08/12/2022

Last Buyer's Agent

Juli Claassen

Blue Marlin Real Estate License #3394158

Blue Marlin Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,279

Year Built

  • Built in 2006

Lot Details

  • 10,454 Sq Ft Lot
  • River Front
  • West Facing Home
  • Vinyl Fence

Parking

  • 2 Car Attached Garage

Property Views

  • River
  • Pool

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,765 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Great Room
  • Home Office
  • Library
  • Bonus Room
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Dual Closets
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom
  • Spa Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 25-37-06-Cx-0000a.0-0001.00

Community Details

Overview

  • No Home Owners Association
  • Banana River Drive Subd Association
  • Banana River Drive Subd Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,279

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Reso Property Sub Type: Single Family Residence
  • Reso View: Pool, River, Water
  • Water Body Name: Banana River
  • ResoSecurityFeatures: Security System Owned
  • Reso Association Amenities: Boat Dock
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Banana River Drive Subd
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 25-37-06-Cx-0000a.0-0001.00
  • Location Tax and Legal Elementary School: Tropical
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 4279.44
  • Location Tax and Legal Tax Year2: 2021
  • General Property Information Living Area2: 2765.0
  • General Property Information Building Area Total3: 3248.0
  • General Property Information Lot Size Acres: 0.24
  • General Property Information Lot Size Square Feet2: 10454.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: West
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Fencing Fenced2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Roof:Shingle: Yes
  • View Pool: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Call: Yes
  • View Water3: Yes
  • Room Types Great Room: Yes
  • Security Features Security System Owned: Yes
  • Room Types Laundry: Yes
  • Room Types Library: Yes
  • Room Types Office: Yes
  • Pool Features Electric Heat: Yes
  • Room Types Bonus Room: Yes
  • Fencing Vinyl2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, His and Hers Closets, Primary Bathroom - Tub with Shower, Primary Downstairs, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Carpet, Tile, Wood
  • Spa Features: Bath
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning, Other
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:His and Hers Closets: Yes
  • Spa Features:Bath: Yes
  • Fireplace Features:Wood Burning: Yes

Exterior Features

  • Pool Features: Electric Heat, In Ground, Private
  • Roof: Shingle
  • Fencing: Fenced, Vinyl
  • Acres: 0.24
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Patio And Porch Features: Porch
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio and Porch Features:Porch: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: BANANA RIVER DRIVE SUBD
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Name: BANANA RIVER DRIVE SUBD
  • Association Amenities:Boat Dock: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 10454.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2514623
  • Parcel #: 25-37-06-Cx-0000a.0-0001.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4279.44

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Aug 17, 2023
Sold by
Tate David E and Tate William J
Bought by
Adams Revocable Living Trust and Adams
Seller's Agent
Anthony Scaramouche
Coldwell Banker Paradise
Buyer's Agent
Juli Claassen
Blue Marlin Real Estate
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%
Views
39
Current Estimated Value
$1,276,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,143
Avg. Annual Appreciation
2.93%

Purchase Details

Closed on
Jul 7, 2005
Sold by
Dudley William J
Bought by
Tate David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
5.54%

Purchase Details

Closed on
Jun 18, 2002
Sold by
Hoover James R
Bought by
Tate David E and Dudley William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,900
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Adams Revocable Living Trust $1,200,000 Prestige Title
Adams Revocable Living Trust $1,200,000 Prestige Title
Tate David E $306,300 Fidelity Natl Title Ins Co
Tate David E $219,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tate David E $612,500
Previous Owner Tate David E $197,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2023 08/22/23 Sold $1,200,000 -7.7% $434 / Sq Ft
08/22/2023 08/22/23 For Sale $1,300,000 +8.3% $470 / Sq Ft
07/10/2023 07/10/23 Pending -- -- --
01/01/2023 01/01/23 Off Market $1,200,000 -- --
08/12/2022 08/12/22 For Sale $1,300,000 0.0% $470 / Sq Ft
01/21/2014 01/21/14 Rented $2,800 0.0% --
12/22/2013 12/22/13 Under Contract -- -- --
08/09/2013 08/09/13 For Rent $2,800 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $11,466 $875,310 -- --
2024 $4,368 $895,740 -- --
2023 $4,368 $327,720 $0 $0
2022 $4,090 $318,180 $0 $0
2021 $4,279 $308,920 $0 $0
2020 $4,211 $304,660 $0 $0
2019 $4,172 $297,820 $0 $0
2018 $4,188 $292,270 $0 $0
2017 $4,237 $286,260 $0 $0
2016 $4,318 $280,380 $157,330 $123,050
2015 $4,450 $278,440 $143,000 $135,440
2014 $4,485 $276,230 $143,000 $133,230
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 943474

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-06-CX-0000A.0-0001.00