N Banana River Dr. Homes under $500,000

N Banana River Dr. Homes under $500,000

Welcome to N Banana River Drive, a hidden gem nestled in the heart of Merritt Island, Florida. This picturesque region offers a unique blend of coastal charm and suburban tranquility, making it an ideal place for families, retirees, and anyone seeking a relaxed lifestyle near the water. With its proximity to the beautiful Banana River, residents enjoy stunning views, a plethora of outdoor activities, and a vibrant community atmosphere.

Merritt Island is known for its lush landscapes, abundant wildlife, and convenient access to the Kennedy Space Center and Cocoa Beach. Whether you're an outdoor enthusiast looking to kayak along the river, a nature lover eager to explore the nearby Merritt Island National Wildlife Refuge, or simply someone who enjoys the serenity of waterfront living, this area has something for everyone.

One of the most appealing aspects of N Banana River Drive is the availability of homes priced under $500,000. This makes it an attractive option for first-time homebuyers, families, and investors alike. You can find a variety of charming single-family homes, cozy bungalows, and modern townhouses, all with the potential to create your dream living space. Many properties come with spacious yards, perfect for gardening or entertaining, and some even offer direct access to the river.

In N Banana River Drive, you’re not just buying a home; you’re investing in a lifestyle filled with sunshine, community, and endless possibilities. Explore this enchanting area today and discover the perfect place to call home in Merritt Island!

Newest N Banana River Dr. Homes under $500,000

1665 Richardson Road, Merritt Island
$415,000
4 Beds ⋅ 2 Baths ⋅ 1089893 MLS
CANALFRONT LIVING, MID-CENTURY CHARM & ENDLESS POTENTIAL! This 4-bedroom waterfront rancher is bursting w/ character, boating appeal & an incredible opportunity to create something truly special! Major investments are already complete, including impact windows & sliders, a 2025 A/C & 2019 water heater, leaving room to bring your own design vision to life. Original terrazzo floors flow throughout the sun-filled, open interior, while vintage architectural details celebrate the home's retro roots. The kitchen is ready for a modern transformation, while 4 versatile bedrooms, including a primary w/ ensuite & cedar-lined closets throughout, offer flexibility. A spacious screened porch w/stamped concrete overlooks the canal, where a private dock puts boating days within easy reach. A brick-paved front patio, 2-car garage w/workshop storage & a generous guest bath w/skylight complete this waterfront opportunity. Bring your imagination & make this canalfront classic your own!

1665 Richardson Road, Merritt Island
1485 Holly Avenue, Merritt Island
$465,000
4 Beds ⋅ 3 Baths ⋅ 1089216 MLS
Welcome to this exceptional Merritt Island home featuring a private in-law suite, ideally located just minutes from Cocoa Beach, Port Canaveral, and Kennedy Space Center. This 4-bedroom, 3-bath concrete block home blends modern style with warmth and character, featuring thoughtful lighting, distinctive accent details, and a stunning kitchen that truly takes center stage. The separate guest suite offers its own kitchenette, bathroom, living area, and private outdoor space perfect for multigenerational living, extended-stay guests or potential rental income. Step outside and discover a backyard designed for enjoying the best of Florida living. Lush landscaping creates a private oasis complete with a fire pit, hammocks, and a charming gazebo made for entertaining, relaxing, and gathering with family and friends, while still providing plenty of space and privacy for everyone. Furniture is negotiable

1485 Holly Avenue, Merritt Island
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
1320 Johns Circle, Merritt Island
$468,700
3 Beds ⋅ 2 Baths ⋅ 1088613 MLS
Welcome to your fully renovated paradise! This gorgeous 3/2 pool home is the epitome of Florida living! Relax and entertain in the large breezy outdoor living area that includes an outdoor kitchen with stainless countertops with hot and cold water, and a refrigerator. Take a dip in the heated pool. Enjoy watching rocket launches and the outdoor TV directly from your hot tub! Recent updates include a METAL ROOF, updated HVAC, ducts & insulation, ALL IMPACT RATED WINDOWS AND DOORS, stainless appliances, and a whole-house water filtration system. COMPLETE RE-PIPE, NO CAST IRON! The fully fenced yard offers total vinyl privacy. No HOA means plenty of room for your boat or RV. Just minutes to Kelly Park boat launch, pristine beaches, NASA, SpaceX, dining, cruise terminals, and an easy commute to Orlando Airport. Move right in and start living the Florida dream!

1320 Johns Circle, 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
1515 Carmen Street, Merritt Island
$440,000
3 Beds ⋅ 2 Baths ⋅ 1084353 MLS
Beautifully maintained 3-bedroom, 2-bath with NEW ROOF. This Pool home with solar heat sits on an oversized lot. Features include a desirable split floor plan, spacious primary suite offers a large bedroom and an oversized en-suite bath complete with dual showerheads for a spa-like experience and walk-in closet. Enjoy cooking in the kitchen with classic oak cabinets and plenty of storage. The home also includes a 2-car garage with abundant storage space. Step outside to your own private oasis--featuring a large screened-in pool with solar heat, perfect for relaxing or entertaining year-round. The vinyl-fenced backyard adds both privacy and security, making it ideal for pets, play, or outdoor gatherings. Ideally located with easy access to shopping, beautiful beaches, and the Kennedy Space Center, this home offers both convenience and lifestyle. This well-kept home combines comfort, functionality, and outdoor living at its best.

1515 Carmen Street, Merritt Island
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