Banana River Park
Homes for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
Banana River Park 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 Park is a small pocket of just 6 homes in Merritt Island, and as of mid-July 2026 there is nothing on the market. With zero active listings, price here is set less by comparable inventory and more by whatever one seller and one buyer negotiate when a home does come available. The homes date from 1986 to 2004, so condition and updates - not a published range - will drive what any given property fetches.
For a buyer, the posture is patience: there is no shopping around inside this enclave right now, so you either wait for a listing or make a direct approach. For a seller, the thin supply cuts both ways - scarcity can work in your favor, but with so few recent trades there is little local comp data to anchor an asking price, which puts a premium on getting the pricing right the first time.
The 60-Second Overview
A very small Merritt Island enclave of six homes built between 1986 and 2004, generously sized at a median of roughly 2,700 square feet, with no active listings on the market as of July 2026.
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 Park. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Banana River Park
Banana River Park
Banana River Park
Banana River ParkPhotos from Space Coast MLS listings in Banana River Park; content deemed reliable but not guaranteed.
Who Banana River Park is best for.
Best for
- Buyers seeking a larger, single-family resale home around 2,700 square feet and comfortable with an off-market search
- Patient purchasers who can wait for one of six homes to become available rather than needing immediate options
- Owners prioritizing Merritt Island location over community amenities, with budget flexibility for updating a home built between 1986 and 2004
Probably not for
- Buyers who need to close quickly, since there are no active listings as of mid-2026
- Anyone wanting amenity-rich community living, as none were identified from current MLS listings
- Shoppers who want a wide range of comparable homes to negotiate against within one neighborhood
The market around Banana River Park
Banana River Park 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 Park specifically. Momentum Research analysis of MLS records.
The Banana River Park buying strategy.
If we were buying in Banana River Park 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 Park.
A six-home enclave, all resale
The defining fact here is scale. Six homes is not a subdivision so much as a cluster, and that changes how you should think about it. The median living area sits near 2,743 square feet, so these are substantial houses, and with a median build year of 1995 the stock is mature - expect systems and finishes that reflect an original build anywhere from 1986 to 2004, updated or not depending on the individual owner.
No community amenities were identified from current MLS listings, so the draw is the location on Merritt Island rather than shared facilities. The homestead share is low, around 17%, which tells you a meaningful portion of these homes are held as something other than a primary residence - worth noting if you are underwriting turnover or rental potential rather than assuming an owner-occupied street.
The location and the amenities are priced into every listing in Banana River Park. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a six-home enclave with no active listings, the deal often happens before anything hits the market. We track ownership, tenure, and off-market opportunity in these small Merritt Island pockets, and because comp data is thin we price and negotiate from condition and square footage rather than borrowed assumptions. That is exactly the kind of situation where local, honest guidance matters more than a search alert.
Banana River Park 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 Park 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 Park 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 Park, 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 Park home worth?
Get a no-obligation home value based on real comparable sales in Banana River Park, 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 →
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 Park Market Scorecard
Banana River Park 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 Park?
What share of Banana River Park is owner-occupied?
When were the homes in Banana River Park built?
Who is the best real estate agent for Banana River Park?
How do I find a top Merritt Island real estate agent who knows Banana River Park?
Can Momentum Realty connect me with an agent for Banana River Park?
Should you buy in Banana River Park?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Banana River Park 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 Park fits the bigger picture — live prices, inventory, and Momentum Scores: