N Banana River Dr. Homes under $500,000

N Banana River Dr. Homes under $500,000

Welcome to N Banana River Dr., a hidden gem nestled in the heart of Merritt Island, Florida. This charming area is perfectly situated along the picturesque Banana River, offering residents stunning waterfront views and a peaceful atmosphere that’s hard to beat. With its lush landscapes and proximity to nature, N Banana River Dr. is ideal for those seeking a serene lifestyle while remaining close to urban conveniences.

Merritt Island is known for its rich history and vibrant community, making it a desirable place to call home. The region boasts a variety of recreational opportunities, including nearby parks, boat ramps, and the famous Merritt Island National Wildlife Refuge, where you can enjoy birdwatching, hiking, and breathtaking natural beauty. With its warm climate, residents can indulge in outdoor activities year-round, from fishing to kayaking along the serene waters of the Banana River.

For homebuyers looking for affordability without compromising on quality, N Banana River Dr. offers a range of charming homes priced under $500,000. These properties often feature spacious layouts, modern amenities, and beautiful outdoor spaces perfect for entertaining or simply enjoying the Florida sunshine. Whether you’re a first-time buyer or looking to downsize, there’s something for everyone in this welcoming community.

Embrace the opportunity to live in a location that combines the tranquility of waterfront living with the convenience of nearby shopping, dining, and entertainment. Discover your dream home along N Banana River Dr. and experience the best of Merritt Island living today!

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

1355 Johns Circle, Merritt Island
$339,000
3 Beds ⋅ 2 Baths ⋅ 1090714 MLS
Enjoy Florida living in this CBS 3-bedroom, 2-bath home with a screened pool with solar heating and sunshade. The vinyl-fenced backyard and covered patio with sink and beverage refrigerator create an inviting setting for entertaining. Inside, the kitchen features stainless steel appliances and a flat cooktop, while both guest bedrooms offer California-style built-in closets. Ceiling fans add everyday comfort. Updates include a 2025 HVAC system, 2011 roof, 2011 electric, and water heater replaced approximately four years ago. Hurricane shutters protect all windows with most having electronic switches. Front and rear irrigation and two storage sheds adds convenience. The great rooms front window frames rocket launch views! Just down the street, Kelly Park offers a boat launch, riverside picnic areas and recreation. Minutes to beaches, Port Canaveral cruising, shopping and dining, with convenient access to Orlando and its international airport. Come live the island lifestyle!

1355 Johns Circle, Merritt Island
1493 Stafford Avenue, Merritt Island
$475,000
3 Beds ⋅ 2 Baths ⋅ 1090697 MLS
This Beautiful 3 bedroom/ 2 bedroom home has been exceptionally maintained, Open floor plan with huge living area. Large Master Bedroom with amazing view of the pond. Roomy Master Bathroom with walk-in closet and soaking tub. Impact windows and hurricane shutters. It also has an automatic attic fan that helps keep that power bill down. Whole house surge protector. There's even a concrete pad on the west side of the house, with a double privacy gate for boat parking. The yard is perfectly manicured with sprinkler system that pumps out of pond,so no expensive water bill. Garage has been partially remodeled for man-cave or office leaving plenty of space for storage. The back porch is screened in, roomy, and private with a tranquil setting over the pond for morning coffee. It also has a watering system for plants. Let's not forget that Kelly Park is right next door with soccer fields, tennis, basketball, playgrounds, a walking track, picnic areas with pavilions and Deep water Boat Ramp. The location is Perfect as well. Minutes from the Port, Beaches, The Space Center and easy access to Orlando Airport.

1493 Stafford Avenue, Merritt Island
1520 Bella Casa Court, Merritt Island
$500,000
3 Beds ⋅ 2 Baths ⋅ 1090249 MLS
Waterfront living with character, charm, and endless possibilities! This unique home offers a blend of vintage details, inviting living spaces, and beautiful water views. Recent improvements include a roof approximately 4 years old, a new garage door, and fresh neutral interior and exterior paint, creating a bright and welcoming feel throughout. The HVAC system is approximately 10 years old. From the distinctive architectural features to the charming retro bathrooms, this home has a personality all its own. Embrace the original character and vintage style or bring your own vision to life with modern updates. Enjoy the peaceful waterfront setting and the opportunity to create something truly your own. A home with character, a waterfront location, and room to make it yours!

1520 Bella Casa Court, Merritt Island
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
Start Your Search

How much is your home worth?

Get instant property value now!