$391,044 - $559,000
RENTED SEP 13, 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

  • Community Boat Slip
  • Boat Slip
  • Gated Parking
  • River Access
  • Fitness Center
  • Gated Community

About This Home

As of September 2025

Welcome to riverfront luxury! This spacious, fully furnished condo offers soaring vaulted ceilings, an open concept design, and stunning water views.

Enjoy an oversized primary suite including a generous walk-in closet & soaking tub, while two well-appointed guest rooms offer the comfort of their own bathroom. An expansive gourmet kitchen flows seamlessly into the dining & living area, while in-unit laundry brings added convenience.

Outside you'll find meticulously maintained common areas, two in-garage parking spaces, and direct river access complete with kayak launch & the option to use a private boat slip.

Resort style amenities include a heated pool, spa, and a fully equipped indoor gym - all within a quiet, gated community. This is the lifestyle you've been dreaming of!

Last Agent to Rent the Property

Alaina Ewers

Coastal Life Properties LLC License #3463342 Listed on: 08/08/2025

Last Renter's Agent

Nildette Alfaro

Arium Real Estate, LLC License #3534972

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,726

Year Built

  • Built in 2005

Lot Details

  • River Front
  • North Facing Home

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Gated Parking
  • Assigned Parking

Property Views

  • River
  • Pool

Interior Spaces

  • 1,743 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Security Gate

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • River Access
  • Boat Slip
  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $2,300
  • Property Available on 8/7/25
  • Tenant pays for electricity
  • Rent includes cable TV, internet, sewer, water, electricity
  • Negotiable Lease Term
  • Short Term Lease
  • $49 Application Fee
  • Assessor Parcel Number 24-37-31-75-00000.0-0003.04

Community Details

Overview

  • Property has a Home Owners Association
  • Marina Village Association
  • Marina Village Condo Ph I Subdivision

Amenities

  • Elevator
  • Secure Lobby

Recreation

  • Community Boat Slip
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets up to 30 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit $250

Security

  • Gated Community

Condo Details

Home Type

Condominium

Est. Annual Taxes

$1,726

Year Built

Built in 2005

Lot Details

0

Parking

2

Rental Info

  • Furnished: Furnished
  • Rent Includes: Cable TV, Internet, Sewer, Water, Electricity
  • Tenant Pays: Electricity
  • Lease Term: Other
  • Available Date: 2025-08-07

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2005
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: In Unit
  • Reso View: Pool, River, Water
  • Water Body Name: Banana River
  • ResoSecurityFeatures: Security Gate, Secured Lobby
  • Reso Association Amenities: Boat Slip, Elevator(s), Fitness Center, Gated, Pool, Spa/Hot Tub, Trash
  • Subdivision Name: Marina Village Condo Ph I
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • 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
  • Levels One: Yes
  • Security Features Security Gate: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • View Pool: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Pets Allowed Size Limit: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Number Limit: Yes
  • Pets Allowed Call: Yes
  • View Water3: Yes
  • General Property Information Stories Total: 3
  • Security Features Secured Lobby: Yes
  • Deposits and Fees Application Fee: 49.0
  • Deposits and Fees Security Deposit: 2300.0
  • Additional Lease Terms Short Term Lease: Yes
  • Deposits and Fees Pet FeeDeposit: 250.0
  • Utilities Sewer Connected: Yes
  • Additional Lease Terms Negotiable3: Yes
  • Utilities Water Connected: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Entrance Foyer, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Freezer, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Stories: 3
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Freezer: Yes
  • Laundry Features:In Unit: Yes
  • Interior Features:Entrance Foyer: Yes

Exterior Features

  • Exterior Features: Balcony, Boat Slip
  • Acres: 0.02
  • Pool Private: No
  • Waterfront Features: River Access, River Front
  • Waterfront: Yes
  • Direction Faces: North
  • Exterior Features:Balcony: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes
  • Exterior Features:Boat Slip2: Yes
  • Waterfront Features:River Access: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Garage, Garage Door Opener, Gated
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Gated: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Name: Marina Village
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Marina Village
  • Association Amenities:SpaHot Tub: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Amenities:Boat Slip: Yes
  • Association Amenities:Gated2: Yes
  • Association Amenities:Pool3: Yes

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 871.2
  • ResoLotSizeUnits: Acres
  • 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
$460,511

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
$110,946
Interest Rate
5%
Mortgage Type
Seller Take Back
Estimated Equity
$349,565

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 List to Sale Price per Sq Ft
09/13/2025 09/13/25 Rented $2,300 0.0% --
09/08/2025 09/08/25 Under Contract -- -- --
08/08/2025 08/08/25 For Rent $2,300 -4.2% --
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
2025 $1,726 $160,240 -- --
2024 $1,687 $155,730 -- --
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

  • A

    Landlord's Agent in 2025

    Alaina Ewers

    Coastal Life Properties LLC

    (321) 298-0186

    29 Total Sales

    Alaina Ewers
    Section Image

  • D

    Seller's Agent in 2025

    Diana Kistner

    Space Coast Realty & Inv. LLC

    Diana Kistner
    Section Image
  • Nildette Alfaro

    Tenant's Agent in 2025

    Nildette Alfaro

    Arium Real Estate, LLC

    (321) 747-3232

    4 in this area

    18 Total Sales

    Nildette Alfaro
    Section Image

  • K

    Buyer's Agent in 2025

    Kenneth Broadbent

    Coastal Vue Realty

    (321) 863-0430

    23 Total Sales

    Kenneth Broadbent
    Section Image
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Map

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

MLS Number: 1054076

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

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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