Banana River Heights
Homes for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
Banana River Heights is a community in Merritt Island, Brevard County, FL. Across Merritt Island as a whole, 267 homes closed in the last 12 months at a median of $439,900, 49 median days on market, with 71 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,860 ($6,240 with the full homestead exemption).
Banana River Heights is a small, established pocket of Merritt Island - nine homes tracked, with a median build year of 1963 and a median footprint around 1,466 square feet. Price here is driven less by any list-price band and more by condition and what a given owner has done to a mid-century home over the decades. The build range runs from 1955 all the way to 2017, so you are looking at a mix of original-era houses and the occasional newer or rebuilt structure, and that spread means two homes on the same street can justify very different numbers.
As of mid-2026 there are zero active listings, which tells you most of what you need to know about posture: this is a tightly held, low-turnover enclave, not a place you shop on a weekend. About two-thirds of the homes carry a homestead exemption, another sign owners tend to stay. For a buyer, that means patience and readiness to move when something does list. For a seller, thin supply can work in your favor, but with so few comparable sales you will want careful pricing rather than a guess.
The 60-Second Overview
A small, owner-heavy neighborhood on Merritt Island where mid-century houses dominate and inventory is scarce - the kind of place you buy into when one becomes available, not when you feel like looking.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
The setting & the homes.
Aerial and on-site photos of Banana River Heights. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Banana River Heights
Banana River Heights
Banana River HeightsPhotos from Space Coast MLS listings in Banana River Heights; content deemed reliable but not guaranteed.
Who Banana River Heights is best for.
Best for
- Patient buyers willing to wait on alerts for a rare listing in a low-inventory pocket
- Buyers who want a smaller, single-level mid-century home and value manageable square footage
- Renovation-minded buyers comfortable pricing a home on its condition and update history
Probably not for
- Buyers on a hard deadline who need to close within a set window
- Anyone wanting large, new-construction homes or resort-style community amenities
- Buyers who want a wide selection to compare in a single shopping trip
The market around Banana River Heights
Banana River Heights is too small for its own price trend, so here is the market around it.
Across Brevard County, 3,585 homes are active and 1,397 pending (28% under contract).
ZIP and county figures describe the wider market, not Banana River Heights specifically. Momentum Research analysis of MLS records.
Life at Banana River Heights
- Security Lights · reported on 1 of 1 listings
Community amenities as reported across Space Coast MLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.
The Banana River Heights buying strategy.
If we were buying in Banana River Heights today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Banana River Heights.
A held mid-century pocket
The housing stock here centers on smaller, mid-century construction - the median home dates to 1963 and lives around 1,466 square feet. That profile rewards buyers who value single-level, manageable square footage over sprawl, and it puts a premium on updates: kitchens, systems, roofs, and windows will vary widely from house to house, and condition is where the real money is made or lost. Because the build range stretches to 2017, don't assume every home is original; verify age and updates on the specific property.
Reported community amenities are minimal - security lights show up across the MLS listings, and little else. Treat this as a residential neighborhood rather than an amenitized community, and verify any HOA details or access directly, since what's reported in listings may not reflect current terms. With no active listings on the board, the practical move is to get set up on alerts and be prepared to act.
The location and the amenities are priced into every listing in Banana River Heights. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A neighborhood this small, this tightly held, and this thin on active inventory is not one you navigate off a portal. With no listings currently active and only a handful of homes total, timing and pricing come down to knowing the block and knowing when something is about to move. We track this pocket, we price against condition rather than a headline number, and we will tell you plainly when the home in front of you doesn't justify the ask.
Banana River Heights in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Banana River Heights buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Banana River Heights sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Banana River Heights, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Banana River Heights home worth?
Get a no-obligation home value based on real comparable sales in Banana River Heights, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Merritt Island →
Recently off market in Banana River Heights
Homes in Banana River Heights that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.
- 1724 Angel Avenue · off market
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Brevard County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Brevard County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Banana River Heights Market Scorecard
Banana River Heights is currently a buyer-leaning market (limited data). Limited supply, a median asking price of n/a.
Typical home value in the 32952 ZIP is $440,414, about 10.6% below the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Based on information from the Space Coast MLS for the period 2026 through 2026-09-12. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Frequently Asked Questions
How many homes are in Banana River Heights?
What share of Banana River Heights is owner-occupied?
When were the homes in Banana River Heights built?
Who is the best real estate agent for Banana River Heights?
How do I find a top Merritt Island real estate agent who knows Banana River Heights?
Can Momentum Realty connect me with an agent for Banana River Heights?
Should you buy in Banana River Heights?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Banana River Heights with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: September 12, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (community parcel extract) |
| Under-contract shares | Space Coast MLS records, as of 2026-07-12 |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Space Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Space Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Banana River Heights fits the bigger picture — live prices, inventory, and Momentum Scores: