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1275 N Banana River Dr, Merritt Island, FL, 32952

5beds
3baths
3,008sqft
$449,900
$150price/sqft
$3,816/moest. monthly cost
$152,640/yrincome needed

About This Home

A Free Standing Building sits on 0.43 acres corner lot across elementary school... A 6 Bedroom and 4 Bathroom residential property Can be 4 plex, can be ALF, DAY CARE, OFICES OR airbnb...can be used for many options . There's a canal at the back going to banana river...There's a mobile home included of the purchase price... Can be perfect for second home, to live affordably so close to Coco Beach or rental property or vacation home. Perfect location just a minutes to Cocoa Beach, Port Canaveral, Restaurant and Shops in Merritt Island . Rt 28 is convenient access to the beaches and Orlando Theme Parks. Don't miss this opportunity. Come and check for yourself.

Getting Around

18
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

8/10
Audubon Elementary SchoolGrades PK-60.2 mi
7/10
5/10
Merritt Island High SchoolGrades PK,9-121.9 mi

Construction

Condition

  • Year built: 1966

Materials

  • Foundation: Slab
  • Roof: Built-Up,Membrane
  • Construction materials: Block,Concrete

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Exhaust Fan,Freezer,Microwave,Other,Refrigerator,Washer
  • Laundry features: Laundry Closet,Laundry Room,Other

Bedroom2

  • Features: Built-in Closet
  • Level: First
  • Area: 56
  • Dimensions: 8x7

Bedroom3

  • Features: Built-in Closet
  • Level: First
  • Area: 56
  • Dimensions: 8x7

Bedroom4

  • Features: Built-in Closet
  • Level: First
  • Area: 56
  • Dimensions: 8x7

Bedroom5

  • Features: Built-in Closet
  • Level: First
  • Area: 120
  • Dimensions: 12x10

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Ceiling Fan(s),Other
  • Flooring: Carpet,Ceramic Tile,Other,Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,008
  • Total interior livable area: 3,008 sqft

Kitchen

  • Level: First
  • Area: 216
  • Dimensions: 12x18

Living Room

  • Level: First
  • Area: 140
  • Dimensions: 14x10

Primary Bedroom

  • Features: Built-in Closet
  • Level: First
  • Area: 56
  • Dimensions: 8x7

Property

Accessibility

  • Accessibility features: Accessible Approach with Ramp,Accessible Bedroom,Accessible Closets,Accessible Common Area,Accessible Doors,Accessible Entrance,Accessible Full Bath,Visitor Bathroom,Accessible Hallway(s),Accessible Kitchen,Accessible Central Living Area,Central Living Area,Customized Wheelchair Accessible,Enhanced Accessible,Grip-Accessible Features

Details

  • Parcel number: 2437190000505.00000.00
  • Zoning: RP
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Other
  • Has view: Yes
  • View description: Canal
  • Has water view: Yes
  • Water view: Canal
  • On waterfront: Yes
  • Waterfront features: Canal - Saltwater,Saltwater Canal Access,Gulf/Ocean Access,Intracoastal Waterway Access,Lagoon Access,Seawall
  • Waterbody name: BANANA RIVER LAGOON

Lot

  • Lot size: 0.43 Acres
  • Lot size dimensions: 129 x 145

Parking

  • Parking features: Ground Level

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Coastal Flooding
Strong Wind
Tornado
Wildfire
Tsunami

FEMA Declared Disasters in Brevard County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,274$27,288
Home Insurance *$529$6,348
Property Taxes $711$8,532
Electricity $302$3,632
Total$3,816$45,792
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$130,834/yr
40% on housing$114,480/yr
45% on housing$101,760/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.8%
13.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.8%
4.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$150This listing

vs Other Active Listings

Avg $/sqft

ZIP 32952$325
Brevard County$192

vs Homes Sold Last Month

Median $/sqft

ZIP 32952$257
Brevard County$209

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-24Price change$459,900
2025-12-07Price change$498,900
2025-11-18Listed for sale$499,000
2021-12-30Listing removed--
2021-08-30Pending sale$550,000
2021-08-30Contingent$550,000
2021-08-27Price change$550,000
2021-08-20Pending sale$570,000
2021-08-20Contingent$570,000
2021-08-13Listed for sale$570,000
2014-06-11Sold$145,000
2011-12-06Sold$145,000
2002-10-10Sold$128,000
1998-07-30Sold$130,000

For Sale by Agent

AgentHoover Yap
BrokeragePRIMESTATE REALTY, INC.

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