About This Property
Description from listing agentWelcome to 1695 N Banana River Dr, a beautifully updated and fully gated home in Merritt Island. This property features a double entrance, a 2-car attached garage, and ample driveway space — perfect for parking a boat, RV, or multiple vehicles. Inside, you'll find new interior doors, new windows, and a new sliding glass door that opens to a spacious outdoor living area. The home includes a bright and versatile Florida room with its own mini-split AC unit, ideal for relaxing, entertaining, or creating a cozy workspace. Enjoy the outdoors on the stylish open-air terrace, designed for comfort and gatherings. Additional highlights include hurricane shutters, a new water heater, and fresh paint throughout — both inside and out. Located near the Banana River, this move-in-ready home offers privacy, flexibility, and modern upgrades — all without the restrictions of an HOA. Cruise terminals are just 2-3 minutes away, the beach is only 6 minutes from the property,
Space Coast Context
🚀 Launch Viewing — Great Views
13.2 mi from SLC-40
13.2 miles from SLC-40 — clear launch views from your yard or roof on most days.
Estimates only — verify with Google Maps.
Flood Risk
Moderate flood risk (0.2% annual chance). Flood insurance is optional but advisable.
Estimated flood insurance: $800 – $2,500 / yr — varies by coverage, elevation & insurer
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Offer Intelligence
Price history and market context for this listing.
How we match comps
Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:
- ✓Same property type, always (single family, condo, townhouse, etc.)
- ✓Single-story homes compared only to single-story (and multi to multi)
- ✓Exact bedroom count
- ✓Bathrooms within ±0.5
- ✓Garage spaces within ±1
- ✓Pool status must match
- ✓Waterfront status must match
- ✓HOA must match (HOA community vs. no HOA)
- ✓Price within ±5–20% of list price (tightest in early tiers)
- ✓Square footage within ±10–25% (tighter in early tiers)
- ✓Year built always within ±5–20 years (never dropped)
We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.
Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.
Location
Get DirectionsAdditional Details
Schools
Elementary
Audubon
Middle School
Jefferson
High School
Merritt Island
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $2,366
- Property taxes
- $449
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $449K price — down payment shown: $89,800.
This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.
