Experience the pinnacle of coastal luxury at Marina Bay Estates, Merritt Island's exclusive marina-front enclave. Perfectly positioned on a premier homesite, this exceptional new construction model residence offers an unparalleled blend of sophisticated design, resort-style amenities, and breathtaking views of the marina, Banana River, and iconic Space Coast rocket launches. Designed for elevated waterview living, this five-bedroom, five-bath estate with a private den showcases soaring 12-foot ceilings, expansive impact-rated windows and doors, and seamless indoor-outdoor entertaining spaces. Three private balconies capture stunning panoramic vistas, while the resort-inspired pool and outdoor kitchen create the ultimate setting for entertaining or unwinding in style. Inside, every detail reflects refined craftsmanship and luxury living, including a temperature-controlled wine cellar, dual primary suites designed for comfort and privacy, and spacious open-concept living areas curated for modern elegance. For boating and adventure enthusiasts, the property includes a designated boat slip, a two-car garage, and an impressive 45-foot RV/boat garage -- a rare offering for waterfront luxury homes. Located just steps from the renowned Marker 24 Riverfront Grille and only minutes from Cocoa Beach and Cape Canaveral, this extraordinary residence offers effortless access to dining, beaches, boating, and the very best of Florida's coastal lifestyle.
For sale
$2,700,000
1295 S Banana River Dr, Merritt Island, FL 32952
5beds
4,860sqft
:
Get pre-qualified$17,972/mo
Single Family Residence
Built in 2026
0.35 Acres Lot
$2,564,600 Zestimate®
$556/sqft
$300/mo HOA
What's special
Resort-inspired poolTwo-car garageOutdoor kitchenTemperature-controlled wine cellarSeamless indoor-outdoor entertaining spacesPremier homesiteMarina-front enclave
- 67 days |
- 510 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Vera L Koon 321-302-9588,
Waterman Real Estate, Inc.,
Jodie Bizarro 321-216-6049,
Waterman Real Estate, Inc.
Source: Space Coast AOR,MLS#: 1079164
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Convection Oven, Dishwasher, Double Oven, Electric Range, Electric Water Heater, Ice Maker, Microwave, Plumbed For Ice Maker, Refrigerator, Wine Cooler
- Laundry: Electric Dryer Hookup, Lower Level, Upper Level
Features
- Built-in Features, Ceiling Fan(s), Entrance Foyer, Guest Suite, His and Hers Closets, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms, Walk-In Closet(s), Wine Cellar
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 7,159
- Total interior livable area: 4,860 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Garage, Garage Door Opener, RV Access/Parking
- Garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio
- Exterior features: Balcony, Outdoor Kitchen, Outdoor Shower, Impact Windows
- Has private pool: Yes
- Pool features: Heated, In Ground, Salt Water
- Has view: Yes
- View description: Pool, River, Intracoastal
- Has water view: Yes
- Water view: River,Intracoastal
Lot
- Size: 0.35 Acres
- Features: Other
Details
- Additional parcels included: 3018252
- Parcel number: 253706Cx00000.00015.09
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Stucco
- Roof: Metal
Condition
- New construction: No
- Year built: 2026
Utilities & green energy
- Sewer: Aerobic Septic
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Banana River Drive Subd
HOA
- Has HOA: Yes
- Amenities included: Pool
- HOA fee: $300 monthly
- HOA name: tbd
Location
- Region: Merritt Island
Financial & listing details
- Price per square foot: $556/sqft
- Annual tax amount: $1,621
- Date on market: 6/5/2026
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Asphalt
Estimated market value
$2,564,600
$2.44M - $2.69M
$6,638/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Listed for sale | $2,700,000$556/sqft |
Source: Space Coast AOR #1079164 Report a problem | ||
| 9/30/2025 | Listing removed | $2,700,000$556/sqft |
Source: Space Coast AOR #1043382 Report a problem | ||
| 4/25/2025 | Listed for sale | $2,700,000$556/sqft |
Source: Space Coast AOR #1043382 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Angel City
Nearby schools
GreatSchools rating
- 8/10Tropical Elementary SchoolGrades: PK-6Distance: 2.2 mi
- 7/10Thomas Jefferson Middle SchoolGrades: 7-8Distance: 1.5 mi
- 5/10Merritt Island High SchoolGrades: PK,9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Tropical
- Middle: Jefferson
- High: Merritt Island
Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $375,0000.35 acres1317 S Banana River Dr, Merritt Island, FL 32952Sold
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A local agent can set up tours, give advice and negotiate with sellers.
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