NOT LISTED FOR SALE

550 S Banana River Dr Unit 301 Merritt Island, FL 32952

Estimated Value: $481,035 - $599,000

3 Beds
3 Baths
2,238 Sq Ft
$920/mo HOA Fee

Last Sold March 29, 2024

Last sale price $525,000 $235 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,973/month

90 Days on Market

Highlights

  • Boat Dock
  • Boat Lift
  • In Ground Pool
  • Home fronts a seawall
  • Intracoastal View
  • Clubhouse

About This Home

As of March 2024

This condo complex located on pristine riverfront offers exclusive top floor corner w/ wrap-around balcony. An exceptional view of the Banana River and fantastic floor plan that is perfect for entertaining and accommodating various family dynamics. The expansive great room combines the dining and lounging areas, which opens up onto the large balcony & east views. Kitchen boasts SS appliances, warm cabinetry, sleek granite, and ample counter space for the chefs or guests. Additionally, the unique built-in area could function as a coffee bar or cocktail station. The unit comes w/ 2 underground parking & storage spaces, private boat slip that is one of the easiest to access. This property is a must-see gem that offers a unique blend of exclusivity, luxury, and functionality.

Last Agent to Sell the Property

Jenn Clements

Coastal Life Properties LLC License #3098566 Listed on: 11/16/2023

Last Buyer's Agent

Gina Dempsey

Daignault Realty Inc License #695002

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,577

Year Built

  • Built in 2007

Lot Details

  • Home fronts a seawall
  • River Front
  • West Facing Home

HOA Fees

  • $920 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Additional Parking

Property Views

  • Intracoastal
  • River

Home Design

  • Membrane Roofing
  • Concrete Siding
  • Asphalt
  • Stucco

Interior Spaces

  • 2,238 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Ceiling Fan
  • Family Room

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Home Security

Outdoor Features

  • In Ground Pool
  • Boat Lift
  • Balcony
  • Wrap Around Porch

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 24-37-31-75-00000.0-0002.27

Community Details

Overview

  • Association fees include cable TV, insurance, pest control, security
  • Marina Village Condo Ph VI Association
  • Marina Village Condo Ph VI Subdivision
  • Maintained Community

Amenities

  • Clubhouse
  • Community Storage Space
  • Elevator

Recreation

  • Boat Dock
  • Community Boat Slip
  • Community Pool

Pet Policy

  • Pet Size Limit

Security

  • Hurricane or Storm Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,577

Year Built

Built in 2007

Lot Details

0

HOA Fees

$920 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Reso Property Sub Type: Condominium
  • ResoLotFeatures: Other
  • Road Surface Type: Asphalt
  • Reso View: River, Water, Intracoastal
  • Water Body Name: Banana River
  • Reso Association Amenities: Boat Dock, Boat Slip, Clubhouse, Elevator(s), Maintenance Grounds, Maintenance Structure, Management - Full Time, Management - Off Site, Storage
  • Reso Association Fee Includes: Cable TV, Insurance, Pest Control, Security
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Marina Village Condo Ph VI
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 24-37-31-75-00000.0-0002.27
  • Location Tax and Legal Tax Annual Amount: 3576.56
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Living Area2: 2238.0
  • General Property Information Building Area Total3: 2538.0
  • General Property Information Lot Size Acres: 0.04
  • General Property Information Lot Size Square Feet2: 1742.0
  • 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: No
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Flooring Carpet: 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
  • View Water3: Yes
  • Waterfront Features Waterfront Community: Yes
  • Room Types Family Room: Yes
  • General Property Information Stories Total: 3
  • Levels Three Or More: Yes
  • Exterior Features Boat Lift: Yes
  • View Intracoastal: Yes
  • Utilities Sewer Connected: Yes
  • Room Types Bedroom 2 Level: First
  • Room Types Bedroom 3 Level: First
  • General Property Information CDD Fee YN: No
  • Utilities Cable Connected: Yes
  • Utilities Water Connected: Yes
  • Room Types Primary Bedroom Level: First
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Ceiling Fan(s), Elevator, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Pool Features:Community: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Elevator: Yes

Exterior Features

  • Exterior Features: Balcony, Boat Lift, Storm Shutters
  • Pool Features: Community, In Ground
  • Roof: Membrane, Other
  • Acres: 0.04
  • Waterfront Features: River Front, Seawall, 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:Storm Shutters: Yes
  • Exterior Features:Balcony: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Lot Features:Other21: Yes
  • Waterfront Features:Seawall: Yes
  • Patio And Porch Features:Wrap Around: Yes
  • View:River: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 920.0
  • Association Fee Frequency: Monthly
  • Association Name: MARINA VILLAGE CONDO PH VI
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: MARINA VILLAGE CONDO PH VI
  • General Property Information:Association Fee: 920.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Fee Includes:Cable TV: Yes
  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Security: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Boat Dock: Yes
  • Association Amenities:Storage: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Fee Includes:Pest Control: Yes
  • Association Amenities:Boat Slip: Yes

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 1742.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 24-37-31-75-00000.0-0002.27
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3576.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Mar 29, 2024
Sold by
Field Nerissa and Tardif Ronnie
Bought by
Woolbright Daniel H and Woolbright Karla Jo
Seller's Agent
Jenn Clements
Coastal Life Properties LLC
Buyer's Agent
Gina Dempsey
Daignault Realty Inc
List Price
$545,000
Sold Price
$525,000
Premium/Discount to List
-$20,000
-3.67%
Views
106
Current Estimated Value
$521,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,991
Avg. Annual Appreciation
-0.48%
Original Mortgage
$110,000
Outstanding Balance
$108,322
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$412,687

Purchase Details

Closed on
Oct 25, 2017
Sold by
Allen Andrew D and Allen Anne M
Bought by
Tardiff Ronnie and Tardiff Nerissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2008
Sold by
Harbor Homes Llc
Bought by
Allen Andrew D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
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
Woolbright Daniel H $525,000 Countywide Title
Woolbright Daniel H $525,000 Countywide Title
Tardiff Ronnie $399,000 Countywide Title & Escroe Co
Allen Andrew D $330,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woolbright Daniel H $110,000
Closed Woolbright Daniel H $110,000
Previous Owner Tardiff Ronnie $194,000
Previous Owner Allen Andrew D $264,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2024 03/29/24 Sold $525,000 -3.7% $235 / Sq Ft
11/16/2023 11/16/23 For Sale $545,000 -- $244 / 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 $3,761 $290,290 -- --
2024 $3,726 $297,690 -- --
2023 $3,726 $289,020 $0 $0
2022 $3,482 $280,610 $0 $0
2021 $3,645 $272,440 $0 $0
2020 $3,587 $268,680 $0 $0
2019 $3,557 $262,640 $0 $0
2018 $3,570 $257,750 $0 $0
2017 $2,805 $198,130 $0 $0
2016 $2,852 $194,060 $0 $0
2015 $2,938 $192,720 $0 $0
2014 $2,958 $191,190 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jenn Clements

    Seller's Agent in 2024

    Jenn Clements

    Coastal Life Properties LLC

    (321) 302-1430

    88 in this area

    562 Total Sales

    Jenn Clements
    Section Image
  • Gina Dempsey

    Buyer's Agent in 2024

    Gina Dempsey

    Daignault Realty Inc

    (321) 427-1254

    20 in this area

    65 Total Sales

    Gina Dempsey
    Section Image
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Map

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

MLS Number: 980409

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-31-75-00000.0-0002.27

Florida Brevard County Merritt Island 32952

550 S Banana River Dr Unit 301, 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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