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Saturday, July 11, 2009

Grand Isle, Heritage Isle, Indian River Colony Club – Viera’s 55+ communities

If you are not familiar with Viera, Florida (located in north Melbourne), it is an expansive planned unit development with shopping, restaurants, parks, nearby medical facilities, golf courses and more located in central Brevard County, Florida.

If you would like additional information, visit the Viera East Community Association web site.

I have been receiving lots of inquiries about these developments because prices have become so attractive. Some folks are looking to make it a permanent move while others are looking for the part time residence to vacation or escape the cold winters back home.

grand isle Take Grand Isle, for example. This is an exclusive gated community with club house, pool, exercise facility and more – very nice!

In 2008 the median price for homes sold was $245,000 with an average selling price of $253,000. It took about 140 days to sell in 2008. [Data from Brevard MLS data search]

In 2009 (so far), the median selling price has been about $215,000 with an average of about $239,000. Days on the market for sold properties has been about 66 days. Better prices, moving a bit faster.

As of today there are 11 active listings in Grand Isle. The prices ranger from $199,900 for a 3/2 w/2 car garage to $349,900 for a 4/3 w/3 car garage. [If you are a golfer that 3rd garage stall comes in handy for the golf cart you can drive to the nearby golf course.]

In the past month a couple of properties closed and there are two others under contract.

If you would like information on 55+ communities in Brevard County, Florida, please give me a call or drop an email.

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida, 321-693-3850, email

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