NOT LISTED FOR SALE

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

Estimated Value: $454,671 - $570,000

3 Beds
3 Baths
2,319 Sq Ft
$600/mo HOA Fee

Last Sold June 22, 2020

Last sale price $430,000 $185 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,604/month

1 Day on Market

Highlights

  • Boat Dock
  • Fitness Center
  • River View
  • Boat Lift
  • Heated In Ground Pool
  • Open Floorplan

About This Home

As of June 2020

If you are looking to live where you vacation in luxury, look no further! This condo will not last long so do not miss out on this rare opportunity to wake up every morning with a beautiful sunrise overlooking the Banana River in this sought after community. This 3 bedroom, 3 bath condo with over 2300 sf has a stunning view of the Banana River from all parts of the main living area as well as the master bedroom. Many updates including Electric Hurricane Shutters along the living room and master bedroom windows, polished porcelain floors installed 2019, AC Unit 2019, Bosch Dishwasher 2019, Double Oven with Convection 2019, fresh paint (list of all updates available). This luxurious condo can come with an additional boat dock for an additional fee.

Last Agent to Sell the Property

Kirstie Stock

Florida Homes Rlty. & Mtg. LLC Listed on: 05/21/2020

Last Buyer's Agent

Kirstie Stock

Dalton Wade, Inc. License #3413968

Dalton Wade, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,098

Year Built

  • Built in 2006

Lot Details

  • River Front
  • West Facing Home

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Garage Door Opener
  • On-Street Parking

Property Views

  • River
  • Pool

Home Design

  • Metal Roof
  • Concrete Siding
  • Asphalt
  • Stucco

Interior Spaces

  • 2,319 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Great Room
  • Tile Flooring
  • Security Gate

Kitchen

  • Breakfast Bar
  • Double Convection Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Boat Lift
  • Balcony
  • Wrap Around Porch

Schools

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

Utilities

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

Community Details

Overview

  • Association fees include insurance, internet, security, sewer, trash, water
  • $40 Other Monthly Fees
  • Marina Village Condo Ph V Subdivision
  • Maintained Community

Amenities

  • Sauna
  • Clubhouse
  • Elevator
  • Secure Lobby

Recreation

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

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,098

Year Built

Built in 2006

Lot Details

0

HOA Fees

$600 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Road Surface Type: Asphalt
  • Reso View: Pool, River, Water
  • Water Body Name: Banana River
  • ResoSecurityFeatures: Security Gate, Smoke Detector(s), Secured Lobby
  • Reso Association Amenities: Boat Dock, Boat Slip, Clubhouse, Elevator(s), Fitness Center, Maintenance Grounds, Management - Off Site, Sauna, Spa/Hot Tub
  • Reso Association Fee Includes: Insurance, Internet, Security, Sewer, Trash, Water
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Marina Village Condo Ph V
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • 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: 2319.0
  • 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
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • General Property Information Community Fee(s) YN: Yes
  • General Property Information Other Fee(s) Amount: 40.0
  • Appliances Dryer: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Security Features Security Gate: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • View Pool: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Pets Allowed Size Limit: Yes
  • Spa Features In Ground2: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Cats OK: Yes
  • Utilities Water Available: Yes
  • View Water3: Yes
  • Room Types Great Room: Yes
  • Waterfront Features Waterfront Community: Yes
  • Room Types Laundry: Yes
  • General Property Information Stories Total: 3
  • Security Features Secured Lobby: Yes
  • Interior Features Guest Suite: Yes
  • Pool Features Electric Heat: Yes
  • Utilities Sewer Available: Yes
  • Pets Allowed Dogs OK: Yes
  • Exterior Features Boat Lift: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Guest Suite, Open Floorplan, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Tile
  • Spa Features: In Ground
  • Appliances: Convection Oven, Dishwasher, Double Oven, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Convection Oven: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Pool Features:Community: 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:Walk-In Closet(s): Yes
  • Appliances:Double Oven: Yes

Exterior Features

  • Exterior Features: Balcony, Boat Lift
  • Pool Features: Community, Electric Heat, In Ground
  • Roof: Metal, Other
  • Waterfront Features: River Front, Waterfront Community
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Direction Faces: West
  • Patio And Porch Features: Wrap Around
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Exterior Features:Balcony: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Patio And Porch Features:Wrap Around: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage Door Opener, On Street, Underground
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Underground2: Yes
  • Parking Features:On Street: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 600.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 600.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:Sauna2: Yes
  • Association Amenities:SpaHot Tub: Yes
  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Internet: Yes
  • Association Fee Includes:Security: Yes
  • Association Fee Includes:Water: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Boat Dock: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Sewer: Yes
  • Association Fee Includes:Trash: Yes
  • Association Amenities:Boat Slip: Yes

Schools

  • Middle Or Junior School: Jefferson

Rental Info

  • Furnished: Unfurnished

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2020
Sold by
Crews Laurie
Bought by
Bryant Timothy W and Bryant Marcela Silvina
Current Estimated Value
$506,168

Purchase Details

Listed on
May 21, 2020
Closed on
Jun 22, 2020
Sold by
Crews Laurie
Bought by
Bryant Marcela Silvina and Bryant Timothy W
Seller's Agent
Kirstie Stock
Florida Homes Rlty. & Mtg. LLC
Buyer's Agent
Kirstie Stock
Dalton Wade, Inc.
List Price
$419,900
Sold Price
$430,000
Premium/Discount to List
$10,100
2.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.09%
Original Mortgage
$392,350
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 28, 2011
Closed on
Feb 29, 2012
Sold by
Tbom Merritt Island Llc
Bought by
Crews William E and Crews Laurie
Seller's Agent
Michael Pruitt
Coldwell Banker Residential R.E. LLC
Buyer's Agent
Cristina Engel
Tropical Realty & Inv. of Brev
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.20%
Original Mortgage
$123,750
Interest Rate
3.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Bryant Timothy W $100 Crews Laurie
Bryant Marcela Silvina $430,000 Dockside Title Llc
Crews William E $165,000 Florida Title & Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bryant Marcela Silvina $392,350
Previous Owner Crews William E $123,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2020 06/22/20 Sold $430,000 +2.4% $185 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $419,900 +154.5% $181 / Sq Ft
02/29/2012 02/29/12 Sold $165,000 -5.7% $74 / Sq Ft View Prior Sale
01/14/2012 01/14/12 Pending -- -- --
12/28/2011 12/28/11 For Sale $175,000 -- $78 / Sq Ft
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 $4,098 $335,500 -- --
2024 $4,062 $326,050 -- --
2023 $4,062 $316,560 $0 $0
2022 $3,797 $307,340 $0 $0
2021 $3,983 $298,390 $0 $0
2020 $2,563 $192,120 $0 $0
2019 $2,524 $187,810 $0 $0
2018 $2,526 $184,310 $0 $0
2017 $2,544 $180,520 $0 $0
2016 $2,584 $176,810 $0 $0
2015 $2,659 $175,590 $0 $0
2014 $2,676 $174,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kirstie Stock

    Florida Homes Rlty. & Mtg. LLC

  • M

    Seller's Agent in 2012

    Michael Pruitt

    Coldwell Banker Residential R.E. LLC

  • C

    Buyer's Agent in 2012

    Cristina Engel

    Tropical Realty & Inv. of Brev

See All Agents

Map

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

MLS Number: 876039

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-31-75-00000.0-0002.23

Florida Brevard County Merritt Island 32952

550 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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