N Banana River Dr. Homes under $400,000

N Banana River Dr. Homes under $400,000

Welcome to the enchanting Merritt Island, Florida, nestled along the beautiful Banana River Drive. This idyllic region in Brevard County offers a unique blend of natural beauty, vibrant community life, and a plethora of recreational opportunities, making it a perfect destination for families, retirees, and everyone in between.

Living along Banana River Drive means you’re just steps away from stunning waterfront views and a variety of outdoor activities. Whether you’re kayaking through the serene waters, fishing from the shore, or simply enjoying a sunset stroll along the river, the natural beauty of the area is sure to captivate you. Additionally, Merritt Island is home to the renowned Merritt Island National Wildlife Refuge, where you can explore diverse ecosystems and witness an array of wildlife.

What’s even more enticing is the availability of charming homes under $400,000 in this sought-after area. These properties offer an excellent opportunity for first-time homebuyers, families looking to settle down, or investors seeking rental potential. From cozy single-family homes to spacious townhouses, you’ll find a variety of options that cater to different tastes and lifestyles. Many of these homes feature modern amenities, inviting outdoor spaces, and proximity to local schools, shopping centers, and dining options.

Discover the charm and community spirit of Merritt Island along Banana River Drive, where affordable living meets the beauty of Florida’s coast. Your dream home awaits in this vibrant, welcoming neighborhood!

Newest N Banana River Dr. Homes under $400,000

120 Mutiny Lane, Merritt Island
$74,500
1 Beds ⋅ 1 Baths ⋅ 1089200 MLS
Hidden Gem Nestled Perfectly In The Heart Of The Banana River, Cocoa Beach and Port Canaveral. Tucked away nicely in a peaceful, serene living with the amenities of the city and beaches at your doorstep. Coveted first floor unit. A Truly Maintenance Free Living with several full time maintenance men on staff daily in a beautifully cared for community. Resort style pool is heated year round and serviced daily. Matching tile throughout main living areas, super spacious walk in closet, windows galore with beautiful green space and mature tree views, deeded carport. Community gazebo for gatherings, covered playground, barbecue, pickle and basketball court. 5 convenient laundries are secured and equipped with smart washer/ dryers. Boat parking available first come for a low fee. Easy access to Orlando via 528 Beachline. Fishing, dining, shopping, golf, music, bus line. No Rental or AirBnB. Cash Only. Buyer must submit Co-op application, credit check & board approval. Hallways are being remodeled.

120 Mutiny Lane, Merritt Island
200 Bounty Street, Merritt Island
$175,000
3 Beds ⋅ 2 Baths ⋅ 1088509 MLS
TURNKEY LUXURY...Fully Furnished To A High Standard. A much coveted 3 Bed, 2 Bath First Floor End Unit. Bring Your Boat...ONLY 4 MILES TO THE BEACH SURROUNDED BY RIVERS! Near SpaceX, the Port, Beaches, Dining with easy access to Orlando. Primary with walk in closet and private bathroom remodeled with designer quartz tops. The immaculately kept terrazzo is a beautiful light color, runs throughout and is in pristine condition=No Grout Joints To Scrub! Upgraded 6 panel doors and baseboards. Endless windows for natural lighting galore. Deeded carport close to entrance with room for a shed. A Truly Maintenance Free Living in a beautifully kept community with full time maintenance. Monthly fee covers maintaining/replacing co-op issued A/C unit & water heater, water/sewer, trash and property taxes. Cash only, Owner Occupants Only. No Rentals, No Air BnB. Buyer must submit Co-op application, credit check & board approval.

200 Bounty Street, Merritt Island
250 N Banana River Drive, Merritt Island
$149,000
2 Beds ⋅ 1 Baths ⋅ 1088402 MLS
OWNER FINANCING AVAILABLE! Don't miss an opportunity to own a TWO BEDROOM unit on the FIRST FLOOR. Unit features tile throughout and some updates to the kitchen and bathroom. The sliders have a view of the courtyard. It's tenant occupied through 8/31/2027 at $1,500/mo. The tenant is wonderful and pays on time. And the HOA covers the water, sewer, trash, ground and exterior building maintenance. And the 2026 taxes are reduced, making this an investor friendly property. Carport 99 is assigned to this unit. The community offers laundry facilities, onsite management, a heated pool, a tiki hut and access to the canal. Live in a perfect location! You're minutes to Cocoa Beach, Ron Jons, Port Canaveral and restaurants and shops in Merritt Island. Rt 528 is convenient to get to the beaches and to Orlando.

250 N Banana River Drive, Merritt Island
540 Barrett Drive, Merritt Island
$360,000
4 Beds ⋅ 3 Baths ⋅ 1087337 MLS
Welcome to this updated 4 bedroom 3 bath home offering flexible living options to suit any buyer. This home has New Stainless Steel Appliances, New Light Fixtures, New Toilets, New Flooring, New Hot Water Heater, New Roof In Back and the Main Roof is only 5 Years Old, 3 New A/C Units and New PVC Pipes. The kitchen is without cabinet doors & a dishwasher. The seller Is offering a $5000 Buyer Credit to finish it the way you want!! The back yard is fenced for your afternoon fun with family and friends. This home has a Private In Law suite with it's own Separate Entrance. Ideal for extended family or rental income. Great location close to schools, shopping, parks and beaches. 20 minutes to the Space Center and 40 minutes to the Orlando Int'l airport and Orlando, Vacant an easy to show!!

540 Barrett Drive, Merritt Island
195 Treasure Street, Merritt Island
$115,000
2 Beds ⋅ 1 Baths ⋅ 1086742 MLS
Bring Your Boat! A Secret Gem Only 4 Miles To The Beach In the heart of the Banana River, Cocoa Beach and Port Canaveral. Tucked away nicely in a peaceful area but with the amenities of the city and beaches within your reach. A truly maintenance free living in a beautifully kept community with full time maintenance on staff. A carrying charge covers the repair/replacement of co-op issued A/C unit & water heater, water/sewer, trash and property taxes. Endless windows for natural lighting and green space views. Newer baseboard and 6 panel doors. Large walk in closet. Deeded carport with room for a shed. Resort style pool is heated year round and maintained daily. Community gazebo, playground, barbecue, pickleball, basketball. 5 convenient laundries are secured and equipped with smart washer/ dryers. Boat parking is first come for a fee. Easy access to Orlando, SpaceX via 528 Beachline. Groceries, dining, shopping, fishing, bus line. Cash only. Owner occupants only, noccupants only, no

195 Treasure Street, Merritt Island
195 Treasure Street, Merritt Island
$169,999
3 Beds ⋅ 2 Baths ⋅ 1086685 MLS
Resort style living under 200k with this 3 bedroom 2 bathroom co-op. Block unit is a rare one, first floor end unit. Pool views out of every window. Newly tiled floors, large walk in closet/ unit comes with its assigned carport & newer shed for all your beach items. Beach is five miles away. Full time management & maintenance crew make this property a top notch retirement, starter, or vacation home. The carrying fee of $690 per month covers water, sewer, property taxes, insurance, & exterior work on building including A/C. Hugh beautiful heated renovated pool area to enjoy. Electricity, internet, & cable are owner responsibility. Buyer must submit to a co-op application, credit check, & board application. May only be used as a primary home or secondary residence. CANNOT BE RENTED OR USED AS AN AIRBNB. CASH ONLY Private Remarks: This is a CASH ONLY listing, no investors. No rentals only a primary & secondary home. For more information about CO-OP visit michafl.org easy to show

195 Treasure Street, Merritt Island
1405 Dolphin Avenue, Merritt Island
$329,000
3 Beds ⋅ 2 Baths ⋅ 1085885 MLS
MOTIVATED SELLERS! Location, Location, Location, with Spectacular Views of Rocket Launches Right from Your Own Front Yard! This Beautiful Home is Situated in the Desirable Merritt Island Surfside Estates Neighborhood on a Lg. 0.26 Acre Lot with a Screened Lanai & Plenty of Room for a Pool Where You Can Create Your Own Private Tropical Oasis! Features Include 3 bds, 2 Ba, a Bonus/Flex Rm (Ideal for Office, Media, or Play Room), Laundry Rm, 2 Car Garage, HVAC-2021, H/W Heater-2026. The Light & Bright Kitchen Offers Plenty of Prep Space & Newer SS Appliances. There is also Room for Boat/Trailer/RV Parking. Enjoy All the Space Coast Has to Offer from Beaches, Boating, Fishing, Dining, Shopping, and the Highly Sought-After Schools All Within Easy Reach. Easy Commute to the Kennedy Space Center, Blue Origin, SpaceX, CCAFS, Port Canaveral, PSFB, and SR-528 to Orlando Intl Airport & Orlando's Attractions. Grab this Opportunity to make 1405 Dolphin Ave. Your Own!

1405 Dolphin Avenue, Merritt Island
225 Buccaneer Avenue, Merritt Island
$74,900
1 Beds ⋅ 1 Baths ⋅ 1085031 MLS
Great opportunity to live in the heart of Merritt Island for an affordable price! This FIRST FLOOR unit is light and bright with a triple bank of windows pouring into the spacious living area! White kitchen with newer lower cabinets! Laminate flooring throughout the living area. Bedroom has terrazo floors plus a huge walk-in closet! Full bathroom with a tub/shower combo. Covered carport plus you can add a storage shed! Boat parking is limited and there's a fee. Sparkling community pool and gazebo area! Laundry on site. Close to shopping and a quick ride to the beach! Cash only and buyer must submit a co-op application, credit check and board approval. No rentals or Air BNBs are allowed.

225 Buccaneer Avenue, Merritt Island
100 Mutiny Lane, Merritt Island
$80,000
1 Beds ⋅ 1 Baths ⋅ 1083155 MLS
Only 4 miles (6 minutes) to the beach at this LOW price? Highly Sought After FIRST FLOOR End Unit. A truly maintenance free living in a beautifully kept Banana River community. Carrying charge covers the repair/replacement of co-op issued A/C unit & water heater., water/sewer, trash and property taxes also included. Endless windows for natural lighting and green space views. Brand new quality carpeting and vinyl plank throughout. Walk in closet is oversized. Deeded covered carport. Resort style heated pool runs year round. Gazebo with barbecue, secured laundry rooms, pickleball, basketball, playground, bike parking. Bring Your Boat!! Boat parking is first come for a fee. Easy access to Space Center, Indian River, Port Canaveral, Fishing, Dining. Cash only. Owner occupants only, no rentals allowed. No AirBnB. Buyer must submit Co-op application, credit check & board approval.

100 Mutiny Lane, Merritt Island
1380 Mackeral Avenue, Merritt Island
$369,900
3 Beds ⋅ 2 Baths ⋅ 1081442 MLS
BEAUTIFUL 3 Bedrooms/ 2 Bathrooms Single Family Home in N Banana area of fine homes and River Influence. Remodeled with private 2 car garage, tile throughout, New AC 3 ton with heat pump, New hot water heater, roof less than 3 years old, formal dining, textured walls, 6 panels door, knock down ceilings, private fence backyard, natural gas, sprinkler system with reclaim water, and new modern fixtures. New stall shower with upgraded vanities and sinks and walk-in showers. Spacious kitchen w/ solid stone countertops, New Stainless steel appliances and family room dining room combo. Rebuild 8ft x 5ft deep built-in jacuzzi with new gas heater pump and filtration system situated in- ground located in 15 x 30 foot screen patio with insulated roof. XLNT location near all thoroughfares with easy access to 520, 528, Port Canaveral, KSC, shopping centers, restaurants, amenities & services, and about an hour to Orlando areas & attractions.

1380 Mackeral Avenue, Merritt Island
1410 W Central Avenue, Merritt Island
$365,000
4 Beds ⋅ 2 Baths ⋅ 1077971 MLS
Welcome to 1410 W Central Ave, a peaceful coastal retreat just a couple of minutes from the Indian River, and everything the Space Coast has to offer! Whether you're looking for a primary home, vacation escape, or Airbnb, this one checks every box. The primary suite is spacious and sunny; the porch is under the same roof as the house and is fully enclosed with sturdy windows. It can easily be put under the air if needed.The Range and the dryer operate on the natural gas. There's a small shed in the back of the house for many household needs. The house is located in a very desirable area, with minutes to the Atlantic beach, Indian River access for boating and fishing, and Jetty Park to watch rocket launches from Cape Canaveral. Great neighborhood and incredible value. Schedule your showing today!

1410 W Central Avenue, Merritt Island
165 Treasure Street, Merritt Island
$184,900
3 Beds ⋅ 2 Baths ⋅ 1074928 MLS
Island Living Just 5 Minutes To The Beach. A much sought after First Floor 3 bed/2 bath End Unit. Nestled perfectly between Cocoa Beach, the Indian River and Port Canaveral. Open floorplan renovation with updated drywall, ceilings, A/C ductwork and air handler, electric, stainless steel appliances. Professionally installed custom walk in shower. Primary bedroom has oversized walk in closet and private updated bath. Tile throughout main living area with wood floors in the bedrooms. Windows throughout for natural lighting with lush green grass views. Secured laundry right next door. Heated Pool year round, Basketball/Pickle ball, Playgound, Sidewalks, Deeded Carport with a Shed. Beautifully maintained community with full-time on-site maintenance. A monthly carrying fee covers water, sewer, trash, property taxes, insurance, maintenance, etc. Boat parking is first come for a fee. Easy access to Orlando, Space Center, Indian River, Port Canaveral, CASH ONLY, NO AIRBNB, NO RENT

165 Treasure Street, Merritt Island
Start Your Search