Mar y Sol Properties

550 S Banana River Drive 301, Merritt Island, FL 32952 (MLS# 980409)


$525,000
550 S Banana River Drive 301
Merritt Island, FL 32952
MLS# 980409
Status: Closed
3 beds  |  3 baths  |  2538 sqft


Aerial
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Aerial Aerial Front Door Entry Kitchen Kitchen Kitchen Great Room Great Room Great Room Great Room Kitchen Coffee Bar Aerial of Balcony Aerial Aerial Aerial Aerial Balcony Balcony View of Front Front View Ground Floor Ground Floor Ground Floor View of Water Back of Building View Ralph Community Pool Community Pool Community Pool Community Pool View of Back View of Back View of Back Balcony View Balcony View Guest Bath Guest Bath Guest Bath Entry Owners Suite Owners Suite Owners Suite Owners Suite Owners Suite Owners Suite Aerial of Boat Lift Aerial

Property Description
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.

Details
Maps
Location, Tax, and Legal
Unit Number: 301
Tax Account: 2461579
Parcel Number: 24-37-31-75-00000.0-0002.27
General County Location: Central
Tax Annual Amount: 3576.56
Tax Year: 2023
Tax Legal Description: MARINA VILLAGE CONDO PH VI UNIT 301 MARINA VILLAGE CONDO PHASE VI AS DESC IN ORB 5810 PG 7897 AND ALL AMENDMENTS THERETO
Directions: 520 East to S Banana River Drive, follow down to complex on the left side
General Property Information
Stories Total: 3
Bathrooms Half: 0
Living Area: 2238
Living Area Source: Public Records
Building Area Total: 2538
Lot Size Acres: 0.04
Lot Size Square Feet: 1742
Accessibility Features YN: No
Association YN: Yes
Association Fee: 920
New Construction YN: No
Association Fee Frequency: Monthly
Association Name: MARINA VILLAGE CONDO PH VI
Garage YN: Yes
Property Use: 04 / CONDOMINIUM UNIT
Garage Spaces: 2
Carport YN: No
Waterfront YN: Yes
Water Body Name: Banana River
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: Yes
Furnished: Unfurnished
Entry Level: 3
Direction Faces: West
Pool Private YN: No
List Price/SqFt: 243.52
Sold Price/SqFt: 234.58
Bedrooms Total: 3
Bathrooms Total: 3
Bathrooms Full: 3
Year Built: 2007
Remarks and Miscellaneous
Public Remarks: 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.
Appliances
Dishwasher: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Association Amenities
Boat Dock: 1
Boat Slip: 1
Clubhouse: 1
Elevator(s): 1
Maintenance Grounds: 1
Maintenance Structure: 1
Management - Full Time: 1
Management - Off Site: 1
Pool: 1
Storage: 1
Association Fee Includes
Cable TV: 1
Insurance: 1
Pest Control: 1
Security: 1
Closing Company Details
Closing Company Name: Countywide Title
Closing Company Address: Jeannie
Construction Materials
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Residential: 1
DPR Eligible
DPR Eligible: Yes
Exterior Features
Balcony: 1
Boat Lift: 1
Storm Shutters: 1
Flooring
Carpet: 1
Tile: 1
Heating
Central: 1
Electric: 1
Hot Water: 1
Interior Features
Breakfast Bar: 1
Built-in Features: 1
Ceiling Fan(s): 1
Elevator: 1
Pantry: 1
Primary Bathroom - Tub with Shower: 1
Primary Bathroom -Tub with Separate Shower: 1
Split Bedrooms: 1
Walk-In Closet(s): 1
Legal Details
Permission Granted to Advertise: No
Levels
Three Or More: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Other: 1
Parking Features
Additional Parking: 1
Patio And Porch Features
Wrap Around: 1
Pets Allowed
Size Limit: 1
Pool Features
In Ground: 1
Possession
Close Of Escrow: 1
Water Body Access Type
Community: 1
Road Surface Type
Asphalt: 1
Roof
Membrane: 1
Other: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Cable Connected: 1
Sewer Connected: 1
Water Connected: 1
View
Intracoastal: 1
River: 1
Water: 1
Water Source
Public: 1
Waterfront Features
River Front: 1
Seawall: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Lockbox: 1
Showing Service: 1
Rental Restrictions
3 Months: 1
Room Types
Bedroom 2: 1
Bedroom 2 Level: First
Bedroom 3: 1
Bedroom 3 Level: First
Family Room: 1
Family Room Level: First
Primary Bedroom: 1
Primary Bedroom Level: First
Contract Information
Current Price: $525,000
Original List Price: 545000
Sold Price: $525,000
Status: Closed
Listing Contract Date: 2023-11-16
Property Sub Type: Condominium
Location Tax and Legal
Street Number: 550
Street Direction Prefix: S
Street Name: Banana River
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32952
MLS Area Major: 253 - S Merritt Island
Subdivision Name: Marina Village Condo Ph VI
Status Change Information
Major Change Timestamp: 2024-04-05T18:40:13Z
Major Change Type: Status Change
Status Change Timestamp: 2024-04-05
Purchase Contract Date: 2024-02-14
Close Date: 2024-03-29
Close Price: 525000
Property Features
Appliances: Dishwasher; Electric Range; Microwave; Refrigerator
Association Amenities: Boat Dock; Boat Slip; Clubhouse; Elevator(s); Maintenance Grounds; Maintenance Structure; Management - Full Time; Management - Off Site; Pool; Storage
Association Fee Includes: Cable TV; Insurance; Pest Control; Security
Construction Materials: Concrete; Stucco
Cooling: Central Air; Electric
Current Use: Residential
Exterior Features: Balcony; Boat Lift; Storm Shutters
Flooring: Carpet; Tile
Heating: Central; Electric; Hot Water
Interior 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)
Levels: Three Or More
Listing Terms: Cash; Conventional
Lot Features: Other
Parking Features: Additional Parking
Patio And Porch Features: Wrap Around
Pets Allowed: Size Limit
Pool Features: In Ground
Possession: Close Of Escrow
Water Body Access Type: Community
Rental Restrictions: 3 Months
Road Surface Type: Asphalt
Roof: Membrane; Other
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Appointment Only; Lockbox; Showing Service
Special Listing Conditions: Standard
Utilities: Cable Available; Cable Connected; Sewer Connected; Water Connected
View: Intracoastal; River; Water
Water Source: Public
Waterfront Features: River Front; Seawall
Room Types: Bedroom 2; Bedroom 3; Family Room; Primary Bedroom
Room Information
Room Name Level Length Width
Family RoomFirst35.0035.00
Bedroom 2First15.0016.00
Bedroom 3First14.0016.00
Primary BedroomFirst16.0023.00

Listing Office: Coastal Life Properties LLC

Last Updated: June - 16 - 2026

Information is deemed to be reliable, but is not guaranteed.