Find Your Canalfront Home Right Here!!

Canaveral Subdivision MLS Listings

The lovely area known as Canaveral Subdivision is characterized by mostly canal-front lots that enjoy direct access to the Banana River. Canaveral Subdivision has something for every taste and budget. Many of the nearly 100 properties of Canaveral Subdivision fall in the mid-priced range typical of canal properties in this locale, while a few inland homes fall into a more affordable category and still others with river frontage would tend to be categorized in more of a luxury class. Boaters appreciate having no bridges and minimal no-wake zones to obstruct their access to open water, and all residents enjoy having no HOA fees to worry about. Find your own style of tropical oasis in the Canaveral Subdivision.

  • MLS Area: 252 - N Banana River Dr.
  • Subdivision Size: 92 Single Family Homes
  • Lot Size: .17 to .34 acres
  • Price History: Low $72,000 High $975,000 
  • Established: 1950s & 1960s
  • HOA: None

Currently Listed & Recently Sold Canaveral Subd

$590,000
4 Beds ⋅ 2 Baths ⋅ 1062568 MLS
Boater's paradise found on this .24-acre waterfront retreat with direct Banana River access and no bridges to navigate. Positioned on a deep water canal with a 12,000 lb boatlift and a recent 113' vinyl seawall, this home is built for the coastal lifestyle. Inside, enjoy a thoughtfully updated kitchen, bathrooms, and living areas with bright, open spaces including an enclosed dining room with impact-rated windows and slider. Step outside to the newer saltwater pool, perfect for floating, fun, or post-boat relaxation, and entertain with ease on the expanded patio. The fenced backyard includes a shed, landscaping, and space for pets or outdoor games. Key upgrades include a 2023 metal roof, newer A/C, city sewer (no septic), and no HOA. With 4 bedrooms, 2 bathrooms, and seamless indoor-outdoor flow, this home offers effortless waterway living just a short 10-minute boat ride to the Canaveral Locks. A rare gem for boating, fishing, entertaining, and Florida sun lovers. See it today!

1623 E Central Avenue, Merritt Island
$660,000
3 Beds ⋅ 2 Baths ⋅ 1041605 MLS
NEW! NEW! NEW! Completely updated 3 bed 2 bath canal front home!

1670 S Harbor Drive, Merritt Island
$410,000
1030841 MLS
A BRAND NEW SEAWALL is currently being added—making this waterfront property even more ready for your vision! This cleared .23-acre deep water canal lot in MERRITT ISLAND, FL offers the perfect opportunity to build your custom dream home along Florida's breathtaking Space Coast. With DIRECT ACCESS to the Banana River, this property provides an ideal setting for those seeking a lifestyle that combines luxury, natural beauty, and everyday convenience. Once your home is complete, you'll enjoy incredible views of passing cruise ships, playful dolphins, gentle manatees, and even rocket launches—all from the comfort of your own backyard. With the hard work of clearing the lot done and the new seawall underway, this is truly a rare and ready-to-go opportunity to create your ultimate Florida waterfront retreat!

1740 Wavecrest Street, Merritt Island
$373,500
3 Beds ⋅ 2 Baths ⋅ 1029009 MLS
Welcome to this waterfront property nestled in the heart of Merritt Island. Located in a highly desirable neighborhood off of N Banana River Drive featuring canal front living. This home has been lovingly cared for by a single owner since 1971. The home is mostly original with a few upgrades including double pain windows, 2020 ductless HVAC in each room and a 2010 Roof. While the original footprint included 1170 sq ft, the homeowner has incorporated the sunroom to living space now totaling 1400 sq ft. This home is primed and ready for a new owner to re-imagine the space and update the home into a modern new design. The property is located just one exit off the 528 from Port Canaveral and the beach as well as 45 minutes to the Orlando Airport. Whether you're seeking a year-round residence or a vacation home, 1670 Harbor Drive offers the perfect setting to enjoy the best of Florida living.

1670 Harbor Drive, Merritt Island
$575,000
3 Beds ⋅ 2 Baths ⋅ 1016374 MLS
REDUCED! Come Feel the River Breezes. Waterfront, Pool Home with 100 feet on a Deep Canal with Direct Access to the Banana River (NO BRIDGES), only minutes to the Port Canaveral, Locks out to the Ocean or Intercoastal Indian River. The home has been Well Maintained with a Open Floor Plan and with many updates in 2021 including Lifeproof Vinyl Plank Flooring , Updated Master Bath and Guest Bath, Solar Tube Skylight, Stainless Steel Appliances, Newer Kitchen, Lighting, Roof, 200 amp Electrical Panel with a separate panel for Generator, Water Heater, Cast Iron Piping Removed, Septic Alarm, 2024 Blue Light/ Air Purification for A/C, Well Pump for Watering Plants, 2024 New 100 Feet of Trex Composite Decking & Dock, New Seawall, Exterior Freshly Painted, Amazing 540 sq feet of screened porch overlooking the canal, Bonus Deck overlooking a Freeform Pool. Close to Beaches 10 min away, Orlando Airport 45 min! With a Accepted Offer Seller with give $5,000 towards Interest Rate Buy Down!

1671 Wavecrest Street, Merritt Island
Start Your Search