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Thursday, November 18, 2010

Viera Condos in 55+ Community: Heritage Isle Condo Market – Attractive Prices in the Lower $100Ks

When it comes to 55+ condo living in Melbourne, Florida's Viera community. Heritage Isle is the only game in town!

[Viera’s other 55+ communities (Grand Isle and Indian River Colony Club) only offer single family detached houses.]

Condo prices in Heritage Isle are all in the $118,000 to $139,900 range at this time.  The average listing price for condos in Heritage Isle is $127,900 – down from the average list price over the previous year.

There are two short sale condos in Heritage Isle priced at $118,00 and $139,900.

Association fees in the condos at Heritage Isle is about $400 or so a month while the detached homes have fees about $100 less per month.

All the condos in Heritage Isle are 2 bedroom 2 bath with a covered detached carport. Square footage runs from 1,194 to 1,408 sq ft. with some units overlooking the water and Duran Golf Club.

Only one condo sold in October 2010 – a 1,408 sq ft unit for $125,000. In August another unit with the same floor plan sold for $129,900.  These are the only two recorded sales over the past 4 months.

For information on the Heritage Isle single family home market in October 2010.

Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida, your Melbourne Florida 55+ communities expert. Email me if I can help help in any way.

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