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CondominiumResidential
$548,753$241 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 96How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $555,000 on Apr 1, 2026

540 S BANANA RIVER DR

MERRITT ISLAND, FL 32952
Building report
0
Baths
2,279 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
871 ft²
Lot SizeThe size of the land the home sits on, from county records.
2005
Year BuiltThe year the home was originally built, according to county records.

Valuation

$549K
$529K low$568K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$555,000 · Apr 1, 2026

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,029 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$227,690 (2026)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$221,710
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$464,770

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.60
81
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
13
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
96
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
80
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
32
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.14 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.45%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyBREVARD
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2025
Lot (acres)The size of the land the home sits on, from county records.0.02
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
PoolWhether the property has a pool, and what kind, such as in-ground.No
ViewThe type of view from the property, or another feature of the site that affects value.Waterfront

Transaction History(10)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Jefferson Middle SchoolB+
Middle · Grades 7–8 · 1.8 mi
E
Tropical Elementary SchoolA-
Elementary · Grades KG–6 · 2.1 mi
H
Merritt Island High SchoolC
High · Grades 9–12 · 3.1 mi

District: Brevard County School District

Neighborhood · ZIP 32952These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.82
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.78
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.19

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.27%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.7%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.23,992
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.595 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$92,850
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$117,456
Average tempThe average temperature here across a full year.72°F
Annual precipHow much rain and melted snow falls here in a typical year.50 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.64%

Owner Tools

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

540 S Banana River Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 82% of homes in Brevard County
  • Costs more per square foot than 71% of homes in Brevard County
  • Bigger than 83% of homes in Brevard County
  • Among the smallest lots in Brevard County
  • Newer than 93% of homes in Merritt Island 32952

What homes are worth in Merritt Island 32952

Each bar is how many homes fall in that price range. The marker is this home.

This home
$117K$1.9M

This home is worth more than 64% of homes in Merritt Island 32952.

How it measures up in Merritt Island 32952

The dot is this home. The mark in the middle is the typical home in Merritt Island 32952.

Estimated value$548,753
CheaperTypical $446,537Pricier

Pricier than 64% of homes nearby

Price per ft²$241
CheaperTypical $252Pricier

Pricier than 42% of homes nearby

Living area2,279 ft²
SmallerTypical 1,702 ft²Bigger

Bigger than 72% of homes nearby

Lot size871 ft²
SmallerTypical 0.22 acBigger

Smaller than almost all homes nearby

Year built2005
OlderTypical 1977Newer

Newer than 93% of homes nearby

How 540 S Banana River Dr ranks against every home in each area.
MeasureThis homeMerritt Island 32952Brevard County
Estimated valuepricier than$548,75364% of homes82% of homes
Price per ft²pricier than$24142% of homes71% of homes
Living areabigger than2,279 ft²72% of homes83% of homes
Lot sizebigger than871 ft²almost no homesalmost no homes
Year builtnewer than200593% of homes78% of homes

About 540 S Banana River Dr

How much is 540 S Banana River Dr, Merritt Island, FL worth?

The TopHap Estimate for 540 S Banana River Dr, Merritt Island, FL is $548,753 as of Aug 30, 2026. The likely range is $529,334 to $568,172. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 540 S Banana River Dr, Merritt Island, FL last sell?

540 S Banana River Dr, Merritt Island, FL last sold on Apr 1, 2026 for $555,000, according to the county's recorded deed. TopHap holds 6 recorded sales for this parcel.

How big is 540 S Banana River Dr, Merritt Island, FL?

540 S Banana River Dr, Merritt Island, FL has 2,279 square feet of living space and a 0.02-acre lot.

When was 540 S Banana River Dr, Merritt Island, FL built?

540 S Banana River Dr, Merritt Island, FL was built in 2005, making it 21 years old. It is a condo/apartment home.

What schools serve 540 S Banana River Dr, Merritt Island, FL?

540 S Banana River Dr, Merritt Island, FL is assigned to Jefferson Middle School (middle), rated B+; Tropical Elementary School (elementary), rated A-; Merritt Island High School (high), rated C. All sit in Brevard County School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 540 S Banana River Dr, Merritt Island, FL compare to other homes in Merritt Island 32952?

Among the 9,274 homes in Merritt Island 32952, it is worth more than 64% of them ($548,753 against a typical $446,537), its price per square foot is higher than 42% of them ($241 against a typical $252), it is bigger than 72% of them (2,279 ft² against a typical 1,702 ft²), its lot is bigger than almost none of them (871 ft² against a typical 0.22 ac) and it is newer than 93% of them (2005 against a typical 1977). Measured against all of Brevard County, it is worth more than 82% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 540 S Banana River Dr, Merritt Island, FL?

The 2025 property tax bill for 540 S Banana River Dr, Merritt Island, FL was $3,029. The county assessed it at $227,690.

More homes on S Banana River Dr

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