South Banyan Isles
Homes for Sale in Merritt Island, FL
All 221 homes for sale in Merritt Island, FL · median $499,900 · 115 homes for sale in 32952 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of October 2026, the MLS records 31 closed sales in South Banyan Isles in Merritt Island, FL since 2004, the most recent in December 2024. Recorded prices across those 31 sales ran from $480,000 to $1,900,000 (median $878,000), on homes of 1,831 to 3,645 sq ft. Across Merritt Island as a whole, 263 homes closed in the last 12 months at a median of $440,000, 48 median days on market, with 66 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $13,700 ($13,080 with the full homestead exemption).
South Banyan Isles is a small Merritt Island pocket where the current MLS snapshot gives us almost nothing to anchor on — no closings in the window we're measuring, and no community amenities identified from active listings. That means price here is set property by property: condition, lot, and how a given home stacks up against the broader Merritt Island market rather than against a busy stream of comparable sales inside the community itself.
For a buyer, thin activity cuts both ways — less competition, but also fewer recent comps to defend an offer. For a seller, it means pricing has to lean on the wider area and on the specific merits of your home, and it means patience. Neither side should expect a fast, data-rich transaction here right now.
Nearby homes for sale
No active listings inside South Banyan IslesHomes for Sale in Merritt Island, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
South Banyan Isles is a low-volume enclave on Merritt Island in Brevard County; with no closings in the current window and no amenities pulled from active listings, it trades as an individual-home market rather than a standardized community product.
Space Coast MLS sales records identify 20 homes in South Banyan Isles that have changed hands since 2004, built between 1972 and 1995 (median 1979), with a median living area of about 2,775 sq ft and a typical 4-bedroom, 3-bath layout; 100% are single-family homes. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
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.
Who South Banyan Isles is best for.
Best for
- Buyers who want a Merritt Island location and are willing to underwrite a single home on its own merits
- Patient purchasers who can move without a deep bench of recent comparable sales
- Sellers prepared to price against the wider area and wait for the right buyer
Probably not for
- Buyers who need a robust set of recent closings to justify an offer
- Sellers who want a quick, predictable sale on a tight timeline
- Anyone seeking built-in community amenities, which current listings do not identify
The market around South Banyan Isles
South Banyan Isles is too small for its own price trend, so here is the market around it.
In ZIP 32952, 145 homes are on the market and 26% are under contract — a steady corner of Merritt Island.
Across Brevard County, 4,132 homes are active and 1,477 pending (26% under contract).
In ZIP 32952 (Merritt Island), 261 homes closed in the last 12 months at a median of $327K ($237/sq ft), down 1.5% year over year, with a median 50 days on market. Right now 49 active and 15 pending listings put supply at about 5.6 months — a buyer's market. See the live ZIP 32952 housing market and the Brevard County market.
ZIP and county figures describe the wider market, not South Banyan Isles specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in South Banyan Isles, Merritt Island
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on information from the Space Coast MLS for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
The South Banyan Isles buying strategy.
If we were buying in South Banyan Isles 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 South Banyan Isles.
A thin-data market on Merritt Island
The defining fact about South Banyan Isles today is scarcity of data. With no closings recorded in our measurement window and no shared amenities surfacing from current listings, there is no community-level pattern to lean on — no clear cadence of sales, no dominant home type telegraphed by the feed. What you're evaluating is the individual property in front of you, judged against Merritt Island as a whole.
Practically, that raises the value of getting inside each home. Condition, lot position, and how a listing compares to the broader Space Coast inventory will drive price far more than any community narrative. Expect valuation to be a case-by-case exercise, and expect timelines to be less predictable than in higher-turnover neighborhoods.
The location and the amenities are priced into every listing in South Banyan Isles. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
When a community has no recent closings and no standardized amenity set to reference, the work shifts to careful, property-level analysis and knowledge of the wider Merritt Island and Brevard market. That's exactly the kind of judgment we bring — we'll tell you what a specific home is worth on its own merits, and we'll tell you plainly when the data can't support the price.
South Banyan Isles 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 South Banyan Isles 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 South Banyan Isles sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in South Banyan Isles, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your South Banyan Isles home worth?
Get a no-obligation home value based on real comparable sales in South Banyan Isles, 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 →
Should you buy in South Banyan Isles?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2004 (31 transactions analyzed) |
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 South Banyan Isles fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about South Banyan Isles
Where is South Banyan Isles?
South Banyan Isles is a community in Merritt Island, Brevard County, Florida, ZIP 32952.
Are there homes for sale in South Banyan Isles right now?
No active listings inside South Banyan Isles at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does South Banyan Isles have an HOA or CDD?
No HOA is on record for South Banyan Isles in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
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