1275 N BANANA RIVER DRIVE, MERRITT ISLAND, FL, 32952
Active269 days on marketListed Nov 18, 2025MLS #O6359670
About this home
1275 N BANANA RIVER DRIVE
MUST BE SOLD, Price reduced for quick sale...A Free Standing Building sits on 0.43 acres corner lot across elementary school... A 6 Bedroom and 4 Bathroom residential property Can be 4 plex, can be ALF, DAY CARE, OFICES OR airbnb...can be used for many options . There's a canal at the back going to banana river...There's a mobile home included of the purchase price... Can be perfect for second home, to live affordably so close to Coco Beach or rental property or vacation home. Perfect location just a minutes to Cocoa Beach, Port Canaveral, Restaurant and Shops in Merritt Island . Rt 28 is convenient access to the beaches and Orlando Theme Parks. Don't miss this opportunity. Come and check for yourself.
Facts & features
The home at a glance
5
Bedrooms
3
Bathrooms
3,008
Sqft
0.43 ac
Lot size
1966
Year built
One
Levels
$149
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$3,319 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$3,319/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs ACREAGE
$149 vs $334
Days on market
269 vs 52 typical
Where $149/sqft sits among the 156 homes for sale in ACREAGE
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Merritt Island
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Merritt Island. See the full Merritt Island guide →
MERRITT ISLAND 32952 — neighborhood snapshot
Population
21,354
Median age
50.4
Median income
$98,651
Median home value
$404,000
Avg household
2.47
Households w/ children
1,920
For the school run
Brevard County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Merritt Island market
$430K → $607K
Merritt Island median sold, yr/yr
97.1%
Sale-to-list ratio (12 mo)
62 of 156
ACREAGE have cut their price
Median sold price, Merritt Island, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 30% below the MERRITT ISLAND 32952 median. See the full Merritt Island market guide →
Paper trail
This home's history
Reality check
What actually sold near 1275 N BANANA RIVER DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$830,000
17125 ORWELL ROAD · same community
5 bd · 3 ba · 3,084 sqft · $269/sqft · 48 DOM
Sold · Dec ’25$925,000
34961 EASTERLING ROAD · same community
3 bd · 3 ba · 2,918 sqft · $317/sqft · 70 DOM
Sold · Jul ’26$850,500
12530 COUNTY ROAD 675 · same community
3 bd · 3.5 ba · 2,604 sqft · $327/sqft · 0 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1275 N BANANA RIVER DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1275 N BANANA RIVER DRIVE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
1275 N BANANA RIVER DRIVE FAQs
What would the monthly payment be for 1275 N BANANA RIVER DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,319/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 1275 N BANANA RIVER DRIVE?+
The most recent tax bill on record (2025) was $3,811. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 1275 N BANANA RIVER DRIVE?+
The listing reports pets: No. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Merritt Island?+
At $448,900, this home is listed about 22% below the Merritt Island median of $574,900. The market section on this page shows how the area is trending.
Which schools are assigned to 1275 N BANANA RIVER DRIVE?+
Tropical Elementary School (elementary), Thomas Jefferson Middle School (middle), Merritt Island High School (high) — Brevard County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Under the MERRITT ISLAND 32952 market on paper
$448,900 is 30% below the MERRITT ISLAND 32952 median of $637,000, and at $149/sqft it sits under the Merritt Island average of $320.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
269 days on market against a Merritt Island median of 52 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Tropical Elementary School, Thomas Jefferson Middle School, Merritt Island High School — Thomas Jefferson Middle School rates 4 of 5. Always verify assignments with the district.
05The price has already moved
Listed at $499,000, now $448,900 — a $50K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of PRIMESTATE REALTY, INC. · Hoover Yap. MLS #O6359670.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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