$505,000
Merritt Island, FL 32952
MLS# 910813
Status: Closed
1381 sqft
1 / 41
Property Description
What a wonderful opportunity to have your own investment property overlooking the Banana River! There are (3) three 1bed/1bath units you can choose from to live in or rent. Enjoy morning sunrises while having coffee in the enclosed patio on the first floor or margaritas on the 2nd floor. Each unit has its own unique layout and charm to offer future renters. 3 separate electric meters, 1 large shared water heater, lower roof 2020, upstairs roof 2016. Central air for unit #3 and wall units for the others. Property is zoned for multiple units and close to shopping, restaurants, bars and only a 5-10 minute drive to the beach. Many rocket launches to be seen as well as boaters, dolphins and manatees. Come see what this property has to offer!
Details
Maps
Location, Tax, and Legal
Tax Account: 2515033
Parcel Number: 25-37-07-Cx-00000.0-0021.01
General County Location: Central
Elementary School: Tropical
Middle School: Jefferson
High School: Merritt Island
Tax Annual Amount: 3886.76
Tax Year: 2020
Tax Legal Description: BANANA RIVER DRIVE SUBD N 50 FT OF LOT 21 E OF BANANA RIVER DR
Directions: Travel west on 520 across the causeway then turn left onto S Banana River Drive. 1490 S Banana River Dr. is on the left.
General Property Information
Number Of Units Total: 3
Living Area: 1273
Living Area Source: Measured
Building Area Total: 1381
Lot Size Acres: 0.17
Lot Size Square Feet: 7405
Association YN: No
Garage YN: No
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: Yes
Water Body Name: Banana River
Use Code: 08 / MULTIPLE LIVING
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 432.05
Sold Price/SqFt: 396.7
Year Built: 1957
Remarks and Miscellaneous
Public Remarks: What a wonderful opportunity to have your own investment property overlooking the Banana River! There are (3) three 1bed/1bath units you can choose from to live in or rent. Enjoy morning sunrises while having coffee in the enclosed patio on the first floor or margaritas on the 2nd floor. Each unit has its own unique layout and charm to offer future renters. 3 separate electric meters, 1 large shared water heater, lower roof 2020, upstairs roof 2016. Central air for unit #3 and wall units for the others. Property is zoned for multiple units and close to shopping, restaurants, bars and only a 5-10 minute drive to the beach. Many rocket launches to be seen as well as boaters, dolphins and manatees. Come see what this property has to offer!
Appliances
Electric Range: 1
Instant Hot Water: 1
Refrigerator: 1
Association Amenities
Boat Dock: 1
Closing Company Details
Closing Company Name: Island Title & Escrow Agency, Inc.
Elaine Mahnke
321-453-6099
Closing Company Address: 2245 N. Courtney Pkwy., Merritt Island, FL 32953
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Electric: 1
Wall/Window Unit(s): 1
Flooring
Carpet: 1
Tile: 1
Laundry Features
Electric Dryer Hookup: 1
Levels
Two: 1
Listing Terms
Cash: 1
Parking Features
Additional Parking: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Owner Pays
Grounds Care: 1
Insurance: 1
Repairs: 1
Sewer: 1
Trash Collection: 1
Water: 1
Road Surface Type
Paved: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Separate Electric Meters: 1
Waterfront Features
River Front: 1
Showing Requirements
Appointment Only: 1
Lockbox: 1
Historical Information
Public Historical Remarks 3: Roof-Rolled Comp: Y, Number of Buildings: 1 Building
Contract Information
Current Price: $505,000
Original List Price: 550000
Sold Price: $505,000
Status: Closed
Listing Contract Date: 2021-07-19
Property Sub Type: Triplex
Location Tax and Legal
Street Number: 1490
Street Direction Prefix: S
Street Name: Banana River
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32952
MLS Area Major: 254 - Newfound Harbor
Subdivision Name: Banana River Drive Subd
Status Change Information
Major Change Timestamp: 2022-02-18T18:38:46Z
Major Change Type: Status Change
Status Change Timestamp: 2022-02-18
Purchase Contract Date: 2022-01-24
Close Date: 2022-02-18
Close Price: 505000
Property Features
Appliances: Electric Range; Instant Hot Water; Refrigerator
Association Amenities: Boat Dock
Construction Materials: Block; Concrete
Cooling: Central Air; Electric; Wall/Window Unit(s)
Flooring: Carpet; Tile
Laundry Features: Electric Dryer Hookup
Levels: Two
Listing Terms: Cash
Owner Pays: Grounds Care; Insurance; Repairs; Sewer; Trash Collection; Water
Parking Features: Additional Parking
Pool Features: None
Possession: Close Of Escrow
Road Surface Type: Paved
Sewer: Septic Tank
Special Listing Conditions: Standard
Utilities: Cable Available; Separate Electric Meters
Waterfront Features: River Front
Showing Requirements: Appointment Only; Lockbox
Listing Office: Florida Lifestyle Realty LLC
Last Updated: May - 11 - 2026
Information is deemed to be reliable, but is not guaranteed.