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Tuesday, August 03, 2010

Summer Lakes in Viera – Market Activity (July 2010) in Viera's Premier Gated Executive Community

Sumner Lakes in Viera Florida is one of Brevard County, Florida’s most exclusive executive gated communities.  Homes in Summer Lakes are spacious, custom built, large (all from about 4,000 sq ft upward), sitting on large waterfront lots.

For additional information on the Summer Lakes development here are a couple of previous articles I have posted about Summer Lakes in Viera Florida.

Summer Lakes in Viera – Short Sales and Good Deals
Summer Lakes – Viera’s Premier Gated Community

Prices of homes in Summer Lakes have dropped considerably over the past few years.  At one time finding a home in Summer Lakes for less than a million dollars was impossible!

In today’s market, of the eight active listings in Summer Lakes, five are listed for less than a million!  The lowest priced home in Summer Lakes is a short sale pried at $749,000 – 4,376 sq ft under air, pool, 4 bedrooms, 4.5 baths built in 2007!  There are short sales in Summer Lakes as well – two currently active and three under contract awaiting lender approval.

The below chart shows the sales activity in Summer Lakes in Viera over the past 12 months.

For information on homes for sale in Summer Lakes or Viera's other executive gated communities like Wyndam at Duran, call me directly at 321-693-3850 or email me.

Gary L. Waters, PLLC, Realtor®, Century 21 Baytree Realty, Rockledge, Florida

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