Banana River Estates Homes for Sale
Gated riverfront community near Cocoa Beach with direct water access and beach proximity.
Homes for sale in Banana River Estates
Inside Banana River Estates
Banana River Estates is a residential community located in Cocoa Beach and Cape Canaveral, Florida, in Brevard County. The subdivision sits west of Highway A1A, positioning homes away from direct ocean exposure while maintaining convenient proximity to beaches and amenities. The area comprises approximately 40 homes and condominiums, blending established properties with newer constructions.
The community features gated access with waterfront character defined by Banana River frontage. Residents enjoy direct access to recreational amenities including heated pools, docks, kayak launches, and fishing facilities. Many units include screened balconies and patios overlooking the river, while some condominiums offer ground-floor river access. The community is pet-friendly and welcomes both short-term and long-term rentals, making it attractive to vacation investors and primary residents alike.
Banana River Estates falls in attendance areas for one primary campus and one combined seventh through twelfth grade campus, both run by Brevard Public Schools. The subdivision is located within the Gateway Redevelopment District, a designation affecting development incentives and planning. No HOA requirement exists for some properties, particularly single-family homes on the west side, though certain condo complexes within the broader area maintain HOA assessments.
Median list prices in Banana River Estates have ranged from approximately $250,000 to $450,000 for condominiums and smaller residential units. Waterfront properties and newly renovated homes command premium pricing. The location offers walkable access to downtown Cocoa Beach shopping, dining, and the iconic Cocoa Beach Pier, while remaining minutes from Port Canaveral and Kennedy Space Center.
The facts
Frequently asked
What is the price range for homes in Banana River Estates?
Median list prices typically range from $250,000 to $450,000, with variation based on property type, size, and waterfront proximity. As of March 2025, the median list price was approximately $294,500. Waterfront and newly renovated homes command higher prices. Contact a Market Connect Realty agent for current listings and recent sales data.
Is Banana River Estates a gated community?
Yes, Banana River Estates includes gated sections with controlled access and security features. The community features gates, gated entry points, and controlled access roads. However, not all properties within the broader Banana River Estates area are gated. Some single-family homes on the west side of A1A operate independently without formal HOA or gating.
What schools are zoned for Banana River Estates?
Students are zoned to Brevard Public Schools campuses covering grades PK-6 and grades 7-12. The community is zoned to public schools operated by Brevard Public Schools. Confirm specific school assignments for individual properties with the Brevard County Schools district.
What are the HOA fees in Banana River Estates?
Many properties in Banana River Estates have no HOA requirement, particularly single-family homes on the west side of A1A. However, condo complexes within the area maintain HOA assessments that typically cover water, sewer, trash, cable, and basic utilities. Fees vary by building and unit type. Contact local agents for property-specific HOA details.
What amenities does Banana River Estates offer?
The community features heated pools, hot tubs, community docks, kayak launches, fishing docks, basketball courts, tennis courts, and beach access. Many buildings include screened balconies and boardwalks. Pet-friendly policies and laundry facilities are standard. The nearby Cocoa Beach Pier offers shopping, dining, and recreational activities within walking or short driving distance.
How many homes are in Banana River Estates?
Banana River Estates comprises approximately 40 residential units, including single-family homes, condominiums, and townhomes. The inventory reflects a mix of established properties and newer renovations. Properties range from modest two-bedroom condos to larger four-bedroom homes with river or ocean views.
Is short-term rental allowed in Banana River Estates?
Yes, short-term rental is permitted in much of Banana River Estates, making it popular with vacation rental investors. Some condo buildings impose 30-day minimum stay requirements with board approval. Property-specific rental policies vary, so prospective buyers should verify rental restrictions before purchase. Ask your agent for building-specific rental guidelines.
What year was Banana River Estates developed?
Banana River Estates does not have a single development date, as it evolved over multiple decades as a residential community. Some properties date to 1980 and earlier, while many units have undergone renovation since 2020. The community is part of the Gateway Redevelopment District, indicating ongoing planning and development incentives.