$255,000 - $505,000
RENTED JAN 1, 2025

540 S Banana River Dr Unit 103 Merritt Island, FL 32952

3 Beds
3 Baths
1,743 Sq Ft
871 Sq Ft Lot

Highlights

  • Marina
  • Fitness Center
  • River Front
  • Boat Dock
  • In Ground Pool
  • Gated Community

About This Home

As of January 2025

SPACIOUS . . BRIGHT . . FULLY FURNISHED . . MOVE IN READY!! Enjoy Island Living at the gated community of Marina Village right on the Banana River where the dolphins come to play. This 3 bedroom, 3 bath condo has a large chef's kitchen and an open floor plan, great for entertaining. Balcony access from the living room and master bedroom. Community amenities a pool and spa with a riverfront view, sauna and gym. Rent includes water, sewer, cable, internet and $150 of electric per month. 2 garage parking spaces. Boat slip may be available for rent. 3 month minimum rental requirement per the association documents.

Last Agent to Rent the Property

Diana Kistner

Space Coast Realty & Inv. LLC License #3163114 Listed on: 07/24/2024

Last Renter's Agent

Kenneth Broadbent

Coastal Vue Realty License #3234116

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,687

Year Built

  • Built in 2005

Lot Details

  • River Front
  • North Facing Home

Parking

  • 2 Car Garage

Interior Spaces

  • 1,743 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Accessible Full Bathroom

Pool

  • In Ground Pool
  • Fence Around Pool

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $3,000
  • Property Available on 8/1/24
  • Tenant pays for electricity
  • Rent includes cable TV, internet, sewer, water
  • Negotiable Lease Term
  • $100 Application Fee
  • Assessor Parcel Number 24-37-31-75-00000.0-0003.04

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include cable TV, internet
  • Marina Village Condo Ph I Subdivision

Amenities

  • Sauna
  • Secure Lobby

Recreation

  • Boat Dock
  • Community Boat Slip
  • Marina
  • Fitness Center
  • Community Spa

Pet Policy

  • No Pets Allowed

Security

  • Secure Elevator
  • Gated Community
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$1,687

Year Built

Built in 2005

Lot Details

0

Parking

2

Rental Info

  • Furnished: Furnished
  • Rent Includes: Cable TV, Internet, Sewer, Water
  • Tenant Pays: Electricity
  • Lease Term: Negotiable
  • Available Date: 2024-08-01

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2005
  • Reso Property Sub Type: Condominium
  • Water Body Name: Banana River
  • ResoSecurityFeatures: Smoke Detector(s), Secured Elevator, Secured Lobby
  • Reso Association Amenities: Boat Dock, Boat Slip, Elevator(s), Fitness Center, Gated, Marina, Sauna, Spa/Hot Tub, Trash
  • Reso Association Fee Includes: Cable TV, Internet
  • Subdivision Name: Marina Village Condo Ph I
  • Reso Accessibility Features: Accessible Full Bath
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Location Tax and Legal Parcel Number2: 24-37-31-75-00000.0-0003.04
  • Location Tax and Legal Elementary School: Tropical
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • General Property Information Living Area2: 1743.0
  • General Property Information Lot Size Acres: 0.02
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Pool Features In Ground: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • General Property Information Stories Total: 1
  • Security Features Secured Elevator: Yes
  • Security Features Secured Lobby: Yes
  • Pets Allowed No: Yes
  • Deposits and Fees Application Fee: 100.0
  • Deposits and Fees Security Deposit: 3000.0
  • Pool Features Fenced: Yes
  • Utilities Sewer Connected: Yes
  • Additional Lease Terms Negotiable3: Yes
  • Utilities Cable Connected: Yes
  • Utilities Water Connected: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Stories: 1
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Ceiling Fan(s): Yes

Exterior Features

  • Pool Features: Fenced, In Ground
  • Acres: 0.02
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Direction Faces: North
  • Accessibility Features:Accessible Full Bath: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Connected, Sewer Connected, Water Connected
  • Heating: Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: Yes

Association/Amenities

  • Association Amenities:Sauna2: Yes
  • Association Amenities:SpaHot Tub: Yes
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Internet: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Boat Dock: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Amenities:Boat Slip: Yes
  • Association Amenities:Gated2: Yes
  • Association Amenities:Marina: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 871.2
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2458486
  • Parcel #: 24-37-31-75-00000.0-0003.04

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2012
Sold by
Phillips Rose H
Bought by
Phillips Rose H
Current Estimated Value
$448,716

Purchase Details

Closed on
Mar 30, 2012
Sold by
Bestow Arlene C
Bought by
Phillips Rose H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Outstanding Balance
$112,368
Interest Rate
5%
Mortgage Type
Seller Take Back
Estimated Equity
$344,854

Purchase Details

Closed on
Nov 23, 2011
Sold by
Kronfield Frank W
Bought by
Bestow Arlene C and Arlene C Bestow Trust

Purchase Details

Closed on
Jan 18, 2011
Sold by
Bestow Arlene C
Bought by
Kronfield Frank W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
4.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 12, 2007
Sold by
Bestow Harry W and Bestow Arlene C
Bought by
Bestow Arlene C and Arlene C Bestow Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Phillips Rose H -- Attorney
Phillips Rose H $170,000 A1a Beachside Title Inc
Bestow Arlene C -- None Available
Kronfield Frank W $180,000 Glow Title & Escrow
Bestow Arlene C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Rose H $153,000
Previous Owner Kronfield Frank W $162,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/01/2025 01/01/25 Rented $2,400 0.0% --
09/18/2024 09/18/24 Price Changed $2,400 -7.7% $1 / Sq Ft
07/31/2024 07/31/24 Price Changed $2,600 -7.1% $1 / Sq Ft
07/24/2024 07/24/24 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
2023 $1,687 $151,200 $0 $0
2022 $1,598 $146,800 $0 $0
2021 $1,637 $142,530 $0 $0
2020 $1,578 $140,570 $0 $0
2019 $1,527 $137,410 $0 $0
2018 $1,519 $134,850 $0 $0
2017 $1,514 $132,080 $0 $0
2016 $1,743 $129,370 $0 $0
2015 $1,789 $128,480 $0 $0
2014 $1,798 $127,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Landlord's Agent in 2025

    Diana Kistner

    Space Coast Realty & Inv. LLC

    Section Image

  • K

    Tenant's Agent in 2025

    Kenneth Broadbent

    Coastal Vue Realty

    (321) 863-0430

    1 in this area

    25 Total Sales

    Section Image
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Map

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

MLS Number: 1020416

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-31-75-00000.0-0003.04

Florida Brevard County Merritt Island 32952

540 S Banana River Dr Unit 103, Merritt Island, FL

This home is located at 540 S Banana River Dr Unit 103, Merritt Island, FL 32952 since 24 July 2024 and is currently priced at $408,093. This property was built in 2005. 540 S Banana River Dr Unit 103 is a home located in Brevard County with nearby schools including Tropical Elementary School, Thomas Jefferson Middle School, and Merritt Island High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

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