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Saturday, March 26, 2011

Condos For Sale at Heritage Isle in Viera – 1 under contract (finally), 14 to go!

I am not sure why - can't be the prices - the condos at Heritage Isle, Viera, Florida's premier 55+ community, seem to be taking forever to sell!

I noticed this morning that one unit finally went under contract in February – 309 days after it was originally listed.   Hopefully it will close as the inventory of condos for sale in Heritage Isle does not really need to grow any more!

Presently there are fourteen condos listed for sale.  Of these, there are three short sales.  [If you are looking for a rental in Heritage Isle there are about six rental condos on the market priced from about $1,000 to $1,800 a month.]

Listing prices for the condos in Heritage Isle range from $99,950 to $139,900.   With seven of the active listings at Heritage Isle priced at or below $120,000, it is obvious the prices are going to stay down for a while.  [Is it coincidental the condo under contract was also listed at $120,000.]

All the condo units in  Heritage Isle condos are two bedroom with two baths and a detached covered carport.  The difference is square footage which varies from 1,194 to 1,408 square feet.

Although the prices are attractive, some of the buyer prospects I have spoken to recently have been a bit leery of the $450 monthly association fee.  The fee does cover insurance, exterior maintenance, the guarded entry, 21,000 sq.ft. club house, pool, tennis courts and much more!  [Association fees for the single family homes and patio style homes runs about $300 a month.]

For information on homes and condos for sale in Heritage Isle (or Grand IsleViera’s other Lennar built 55+ community – call me directly at 321-693-3850 or email me.

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