Living in Florida's Space Coast
Banana River Park
Banana River Park is a small recorded plat on Milford Point Drive, north off State Road 520 on the Banana River side of Merritt Island. Every home in it fronts water. The canal is Pelican Creek, it runs out to the Banana River with no fixed bridge in the way, and the houses date from 1986 to 1988.
Banana River Park In Merritt Island, Florida
Milford Point Drive holds around sixty addresses and more than one recorded plat. Banana River Park is one of them, a compact section where waterfront is not a premium option but the entire point. Turn north off State Road 520 just before the causeway and you are on it. Merritt Island is unincorporated Brevard County, so county code governs the seawall, the dock permit and the setbacks rather than a city building department.
The water is Pelican Creek, a wide tidal canal that opens into the Banana River with no fixed bridge between you and open water. That is the single most valuable sentence on this page. Covered slips, boat lifts, jet ski pads and forty foot docks are all part of what has been built here, and a boat that lives on a lift behind the house is the normal arrangement rather than an upgrade somebody added.
Be clear eyed about what the Banana River is. It runs roughly thirty one miles, it is shallow, waist deep in long stretches with a soft sand and grass bottom, and it is a lagoon rather than a highway. Your draft matters. Reaching the Atlantic means running north and locking through into Port Canaveral, or heading south to where the Banana River meets the Indian River. Plan the boat around the water, not the other way around.
There is no homeowners association on this plat and no dues are collected. Nobody approves your dock design or your paint color, and nobody maintains the seawall for you either. On canal front property that second half matters more than the first. Budget for the seawall, the dock structure, the lift motor and the pilings as ongoing items, and have all four inspected specifically, not glanced at during a general home inspection.
The houses went up between 1986 and 1988, run roughly 2,048 to 2,759 square feet, sit on lots close to three tenths of an acre, and carry two car garages. Most of them have a pool overlooking the canal. Fireplaces, oak built ins, two story plans and big rear patios show up, and at least one property has a rooftop sitting area put there for watching launches. Homes have been trading between $530,000 and $925,000, with something near $800,000 typical.
Banana River Park At A Glance
Banana River Park at a glance, from the seawall in.
| Detail | What you get |
|---|---|
| Detail | Value |
| Location | Milford Point Drive, north off State Road 520 near the Merritt Island Causeway, Merritt Island 32952 |
| Recorded plats | One, Banana River Park, one of several plats sharing Milford Point Drive |
| Association | None. The records show no homeowners association and no dues on this plat. Confirm any deed level restrictions for the specific parcel |
| Waterfront | Every home. Frontage is on Pelican Creek, a wide tidal canal |
| Boating | Direct access to the Banana River with no fixed bridge. Covered slips, lifts, jet ski pads and docks up to forty feet |
| Built | 1986 to 1988 |
| Home size | 2,048 to 2,759 square feet, about 2,219 typical |
| Bedrooms | Three to five, with two to three baths |
| Lot size | Roughly 0.28 to 0.30 acre |
| Construction | Block and frame, one and two story plans, fireplaces, large rear patios, screened pool enclosures |
| Pools | Most homes, canal side, at least one solar heated |
| Garage | Two car |
| Utilities | Unincorporated Brevard County. Confirm the water source and whether the parcel is on sewer or septic |
| Price range | $530,000 to $925,000, with roughly $800,000 typical |
Banana River Park Details
No Fixed Bridge
Pelican Creek opens to the Banana River without a bridge to duck. For anyone with a tower, a mast or a hardtop, that removes the one constraint that quietly disqualifies half the canal homes on this island. Verify the run yourself at low tide before you buy the boat.
Water On Every Lot
This is not a subdivision with a few waterfront addresses. The plat is the canal. That makes comparison simple in one way and hard in another, since the variable becomes frontage width, dock condition and how the lot sits on the bend.
A Late Eighties Vintage
1986 to 1988 construction means original seawalls are approaching forty years old unless they have been rebuilt, and it means roofs, windows and pool cages have all had at least one cycle. Ask for the paperwork on every one of them.
The Banana River Is Shallow
Thirty one miles of lagoon, much of it waist deep over soft sand and grass. It is wonderful for kayaks, flats boats, paddleboards and manatee watching, and it will humble a deep draft cruiser. Match the boat to the water.
Launch Views From The Roof
One home here has a rooftop sitting area built specifically to watch launches, and the sight line north up the Banana River toward the pads is the reason. From this part of the island a launch is an event you plan the evening around.
Nobody Governs You, Nobody Helps You
No association means no dues and no architectural review, which is exactly what most buyers on this street want. It also means the seawall, the dock, the lift and the pilings are entirely your line items. Price them in before you write the offer.
Homes For Sale In Banana River Park
Anything currently for sale in Banana River Park is listed below, along with nearby Milford Point Drive addresses on the other plats. Read the dock description and the canal frontage carefully, because on this street those two lines carry most of the value.
Banana River Park Frequently Asked Questions
Can I get to the Banana River by boat from here?
Yes, directly. Pelican Creek runs out to the Banana River with no fixed bridge in between, which is why docks, covered slips and lifts are standard behind these houses rather than exceptional.
Can I reach the ocean from the dock?
Not directly. The Banana River is a lagoon. To reach the Atlantic you run north and lock through into Port Canaveral, or south to where the Banana River joins the Indian River. It is very doable and it is not a five minute trip, so plan accordingly.
How deep is the water?
Shallow. The Banana River is waist deep across long stretches with a soft sand and grass bottom. Canal depth at the dock varies, so have it sounded at low tide for the specific property before you commit to a particular boat.
Is there a homeowners association?
No. The records show none on this plat and no dues are collected. That freedom cuts both ways, because seawall and dock maintenance falls entirely on the owner.
How old are the homes and what should I inspect?
They were built between 1986 and 1988. Beyond the usual roof, HVAC and electrical, get the seawall, dock structure, pilings and lift motor inspected as their own items. Salt water is patient and none of those four last forever.
Is this the same as Milford Point?
Not exactly. Milford Point Drive carries several recorded plats, and Banana River Park is one section of it. The street feels continuous, but the plat name on the legal description differs address to address.
What is close by?
State Road 520 is right at the end of the street, which puts Merritt Island shopping, the causeway to Cocoa Beach and the bridge west to Cocoa Village all within minutes. Port Canaveral and Kennedy Space Center are a straightforward run north.
Does flood zone matter here?
On canal front property, always. Brevard County Public Works, Floodplain Administration is the official repository for FEMA flood map panels and issues written determinations and elevation certificates. Their number is (321) 617-7340, and the certificate is worth having before you shop insurance.
Milford Point Drive, Merritt Island 32952
Banana River Park sits on the east side of Merritt Island just north of State Road 520, close to where the causeway leaves for Cocoa Beach. Milford Point Drive runs up from 520 and the plat occupies part of it, with Pelican Creek behind the houses and the Banana River a short run beyond that. This is unincorporated Brevard County, so county code and county services apply.
State Road 520 does the heavy lifting from here. East it crosses the Banana River to Cocoa Beach in about ten minutes. West it crosses the Indian River into Cocoa Village. North Courtenay Parkway takes you up toward Port Canaveral, Kennedy Space Center and the SR 528 Beachline, which puts Orlando roughly an hour out. Everyday shopping is right at the 520 intersection.
Near Banana River Park In Merritt Island
Considering Banana River Park?
My partner Nichole and I sell waterfront on this island all year and we will walk the seawall with you, look hard at the dock and the lift, and tell you honestly what the canal will float. If a boat is the reason you are moving here, that conversation should happen before the offer, not after. Call or text (321) 212-7676.
