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Sold for $525,000
  • $525,000

    550 S Banana River Dr APT 301, Merritt Island, FL 32952

    3beds
    2,238sqft
    Condominium
    Built in 2007
    -- sqft lot
    $543,400 Zestimate®
    $235/sqft
    $2,955 Estimated rent

    Home value

    $543,400

    $516,000 - $576,000

    $2,955/mo

    Zestimate® history
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    What's special

    Private boat slipExpansive great roomFantastic floor planStorage spacesLounging areasLarge balconyWarm cabinetry
    This condo complex located on pristine riverfront offers exclusive top floor corner w/ wrap-around balcony. An exceptional view of the Banana River and fantastic floor plan that is perfect for entertaining and accommodating various family dynamics. The expansive great room combines the dining and lounging areas, which opens up onto the large balcony & east views. Kitchen boasts SS appliances, warm cabinetry, sleek granite, and ample counter space for the chefs or guests. Additionally, the unique built-in area could function as a coffee bar or cocktail station. The unit comes w/ 2 underground parking & storage spaces, private boat slip that is one of the easiest to access. This property is a must-see gem that offers a unique blend of exclusivity, luxury, and functionality.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jenn Clements 321-302-1430,

    Coastal Life Properties LLC

    Bought with:

    Regina M Dempsey, 695002

    Daignault Realty Inc

    Source: Space Coast AOR,MLS#: 980409

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Primary bedroom
    • Level: First
    • Area: 368
    • Dimensions: 16.00 x 23.00
    Bedroom 2
    • Level: First
    • Area: 240
    • Dimensions: 15.00 x 16.00
    Bedroom 3
    • Level: First
    • Area: 224
    • Dimensions: 14.00 x 16.00
    Family room
    • Level: First
    • Area: 1225
    • Dimensions: 35.00 x 35.00
    Heating
    • Central, Electric, Hot Water
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dishwasher, Electric Range, Microwave, Refrigerator
    Features
    • Breakfast Bar, Built-in Features, Ceiling Fan(s), Elevator, Pantry, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
    • Flooring: Carpet, Tile
    • Has fireplace: No
    Interior area
    • Total structure area: 2,538
    • Total interior livable area: 2,238 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Additional Parking
    • Garage spaces: 2
    Features
    • Levels: Three Or More
    • Patio & porch: Wrap Around
    • Exterior features: Balcony, Boat Lift, Storm Shutters
    • Pool features: In Ground
    • Has view: Yes
    • View description: River, Water, Intracoastal
    • Has water view: Yes
    • Water view: River,Water,Intracoastal
    • Waterfront features: River Front, Seawall
    • Body of water: Banana River
    Lot
    • Size: 1,742 Square Feet
    • Features: Other
    Details
    • Additional parcels included: 2461579
    • Parcel number: 2437317500000.00002.27
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Concrete, Stucco
    • Roof: Membrane,Other
    Condition
    • New construction: No
    • Year built: 2007

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Cable Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: Marina Village Condo Ph VI
    HOA
    • Has HOA: Yes
    • Amenities included: Boat Dock, Boat Slip, Clubhouse, Elevator(s), Maintenance Grounds, Maintenance Structure, Management - Full Time, Management - Off Site, Pool, Storage
    • Services included: Cable TV, Insurance, Pest Control, Security
    • HOA fee: $920 monthly
    • HOA name: MARINA VILLAGE CONDO PH VI
    Location
    • Region: Merritt Island

    Financial & listing details

    • Price per square foot: $235/sqft
    • Tax assessed value: $420,140
    • Annual tax amount: $3,576
    • Date on market: 11/16/2023
    • Listing terms: Cash,Conventional
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    3/29/2024Sold$525,000-3.7%$235/sqft
    Source: Space Coast AOR #980409 Report a problem
    2/17/2024Pending sale$545,000$244/sqft
    Source: Stellar MLS #O6158261 Report a problem
    2/17/2024Contingent$545,000$244/sqft
    Source: Space Coast AOR #980409 Report a problem
    2/6/2024Listed for sale$545,000$244/sqft
    Source: Stellar MLS #O6158261 Report a problem
    1/11/2024Pending sale$545,000$244/sqft
    Source: Stellar MLS #O6158261 Report a problem
    11/15/2023Listed for sale$545,000+36.6%$244/sqft
    Source: Space Coast AOR #980409 Report a problem
    10/30/2017Sold$399,000$178/sqft
    Source: Public Record Report a problem
    6/27/2017Price change$399,000-2.4%$178/sqft
    Source: Property Marketers LLC #780361 Report a problem
    4/9/2017Listed for sale$409,000+23.9%$183/sqft
    Source: Property Marketers LLC #780361 Report a problem
    9/25/2008Sold$330,000$147/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$825 -78.1%$290,290 -2.5%
    2024$3,761 +1%$297,690 +3%
    2023$3,726 +7%$289,020 +3%
    2022$3,482 -4.5%$280,610 +3%
    2021$3,645 +1.6%$272,440 +1.4%
    2020$3,587 +0.8%$268,680 +2.3%
    2019$3,557 $262,640 +1.9%
    2018$3,557 -0.4%$257,750 +30.1%
    2017$3,570 +27.3%$198,130 +2.1%
    2016$2,805 -1.7%$194,060 +0.7%
    2015$2,852 -3.6%$192,720 +0.8%
    2014$2,958 $191,190 +1.5%
    2013-- $188,370
    2012$2,660 -6.3%--
    2011$2,839 -11%--
    2010$3,189 -18.5%--
    2009$3,915 -30.5%--
    2008$5,632 --
    Find assessor info on the county website

    Neighborhood: Angel City

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $543,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $543,400