Living in Florida's Space Coast
Marina Village
Marina Village is a gated, four building condominium on the Banana River side of South Banana River Drive, about a mile south of State Road 520. Fifty four units across three floors, all of them three bedroom and three bath, every one facing water. There is a private marina, an elevator in each building and a two car garage with the unit.
Marina Village In Merritt Island, Florida
Four buildings sit along the river at 540, 550, 580 and 590 South Banana River Drive, holding fifty four residences in total. Construction ran from 2005 into 2007. Everything is poured concrete and stucco under membrane roofing, three stories with elevator service and a secured lobby, behind a gated entry off South Banana River Drive. The layout is deliberately low density for a waterfront condominium.
Floor plans are consistent: three bedrooms, three full baths, roughly 1,743 to 2,310 square feet with about 2,008 in the middle. Ten foot ceilings are standard, several plans use tray detail, and eight foot sliders open onto balconies that in many units wrap two sides. Owners look at the marina basin on one side and open Banana River on the other, which means both sunrise and the launch pads north of you.
The amenity set is the reason people pay condominium dues here. Community pool, spa, fitness center, boat dock and marina, car wash area, secured lobby entry and gated access. Day to day operations are handled off site by BP Davis, a property manager. The association is Marina Village Condominium Association of Brevard, registered as an active Florida nonprofit since 2005.
Dues run in the low 900s per month, most commonly around 934 dollars. That is real money and you should treat it as part of the payment, not an afterthought. In exchange, the exterior, the roof, the grounds, the gate, the pool, the marina and the trash are not your problem. For an owner who travels or spends part of the year elsewhere, that trade is usually the entire point.
Pricing has run roughly 435,000 to 580,000, with the middle near 537,500 and around 252 dollars per square foot. Units typically take a couple of months to trade, and sellers have generally landed within a few points of their opening number. It is a small building count, so at any given moment there may be one unit for sale or there may be none.
Marina Village At A Glance
The condominium facts that actually matter at Marina Village.
| Detail | What you get |
|---|---|
| Location | 540, 550, 580 and 590 South Banana River Drive, about a mile south of State Road 520, Merritt Island 32952 |
| Built | 2005 to 2007 |
| Home size | 1,743 to 2,310 square feet, about 2,008 typical |
| Bedrooms | Three bedrooms and three full baths in every unit |
| Lot size | Condominium ownership, no individual lot |
| Construction | Concrete and stucco, membrane roof, three stories with elevators |
| Association | Marina Village Condominium Association of Brevard, mandatory, about 912 to 934 dollars monthly |
| Managed by | BP Davis, an off site property manager |
| Utilities | Public water and public sewer; trash included in the association fee |
| Price range | About 435,000 to 580,000, middle near 537,500 |
| Price per square foot | Around 252 dollars |
| Water frontage | Banana River and private marina basin, every unit water facing |
| Amenities | Community pool, spa, fitness center, boat dock and marina, car wash area |
| Security | Gated entry, secured lobby, smoke detection |
| Garage | Two car garage with the unit |
| Unit count | Fifty four residences across four buildings |
| Gated | Yes |
| Age restricted | No |
Marina Village Details
A Private Marina, Not Just A Dock
The complex includes its own marina basin with slips, so a boat lives on site rather than at a public ramp. Slip availability and the assignment process are association matters, so ask early if a specific slip size is part of what you need.
Every Unit Faces Water
There are no interior or parking lot views here. All fifty four residences look at the marina, the Banana River, or both, and the wraparound balconies on the corner plans give you two exposures from one living room.
Three Bedrooms And Three Full Baths
Unlike most Space Coast condominium buildings, the plan mix here is uniform and generous. Every residence is a three bedroom with three full baths and roughly 1,700 to 2,300 square feet, which puts it in single family territory on space.
Lock And Leave
Gate, secured lobby, elevator, a professional manager off site and an association that covers the exterior, the grounds and the trash. If you split time between here and somewhere else, the building keeps running without you standing over it.
Two Car Garage Included
A two car garage with a condominium is unusual on this stretch of the island. It solves the storage problem that drives a lot of condominium owners back into houses, and it keeps a vehicle out of the salt air.
Budget The Dues Honestly
Monthly assessments run in the low 900s. Before you write, read the current budget, the reserve study and the most recent structural reporting. Florida condominium finances have changed considerably since these buildings went up in 2005.
Homes For Sale In Marina Village
Current availability at Marina Village and nearby is listed below. Inventory here is thin by design, so if a floor or an exposure matters to you it is worth watching over several months.
Marina Village Frequently Asked Questions
What are the HOA fees at Marina Village?
Monthly assessments have run about 912 to 934 dollars, with 934 the most common figure. The fee covers exterior maintenance, grounds, the gate, the pool and spa, the fitness center, the marina area and trash service.
Who manages the association?
Marina Village Condominium Association of Brevard is the governing association, registered as an active Florida nonprofit corporation since 2005. The off site property manager is BP Davis.
Is Marina Village gated?
Yes. There is a controlled vehicle gate off South Banana River Drive and each building has a secured lobby entrance. Several directions to the property reference using the north gate or the first entrance gate, so confirm which one your showing uses.
Can I keep a boat at the complex?
There is a private marina on site with dockage. Slip availability, size limits and the terms of use are governed by the association, so ask about a specific slip before assuming your boat fits. Port Canaveral is reachable north through the barge canal and Canaveral Lock.
How big are the units?
They run from about 1,743 to 2,310 square feet, with roughly 2,008 square feet typical. Every unit is a three bedroom, three full bath plan with ten foot ceilings and balcony access from the main living area.
Is there an age restriction?
No. Marina Village is not an age restricted community. Occupancy and leasing are governed by the condominium documents, so read the current rules on rentals and pets if either is part of your plan.
What should I review before buying a Florida condominium?
Ask for the current operating budget, the reserve schedule, minutes from the last year of board meetings, and any milestone structural inspection or reserve study on file. Those documents tell you more about your future cost than the unit finishes do.
How far is the beach?
You are about five to ten minutes from the State Road 520 causeway and roughly fifteen minutes to the Cocoa Beach sand from the gate. Port Canaveral is around twenty five minutes by road, and considerably more interesting by boat.
South Banana River Drive, Merritt Island 32952
From State Road 520 you turn south onto South Banana River Drive and run about a mile. The complex is on the east side of the road, directly on the Banana River, with the marina basin cut in behind the buildings. It is a quiet stretch of road with residential neighborhoods to the west and open water to the east, and the entrance gates are set back from the pavement.
State Road 520 is five minutes north, which puts the Merritt Island retail corridor and the causeway to Cocoa Beach within easy reach. Port Canaveral is roughly twenty five minutes by way of the Beachline, and Orlando International runs about an hour. Kennedy Space Center is a straight run north on Courtenay Parkway, and launches are visible from the balconies.
Near Marina Village In Merritt Island
Considering Marina Village?
A condominium purchase in Florida lives or dies on the association's books, and at fifty four units there is nowhere for a shortfall to hide. My partner Nichole and I will pull the budget, the reserves and the meeting minutes and walk you through what they actually say before you commit. Call or text (321) 212-7676 and we will get you into a unit and into the paperwork.
Boat slips available to rent by owners in this community. Direct waterfront community on the Banana River with miles of stunning views, breathtaking sunrises, and abundan...
- 3 Beds
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- 1074681 MLS
