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Saturday, October 29, 2011

The Condo Market in Zip Code 32940 (Suntree and Viera Florida)

If you are looking to purchase a condo in Viera or Suntree (Melbourne, Florida) you have plenty of options.  As of today there are 24 condo units for sale in zip code 32940.

List prices range from $48,000 for a 1/1 in Three Fountains of Viera to $209,500 for a 3/2 also in Three Fountains of Viera.

Most of the condos for sale in Viera and Suntree are concentrated in just a handful of communities.

The very popular  55+ community of Heritage Isle has the most active properties with nine active listings.

Three Fountains of Viera  has five listings and the Lakes at Viera East  has active four listings.  One of my favorite, centrally located condo communities -  Carriage Park has three units for sale.

Ten of the 24 listings are short sales with at least one short sale in every community. 

Monthly condo dues in these communities vary greatly with Heritage Isle condo fees being about $450 a month (highest), The Lakes at Viera East ($322/month), Cypress Cove ($314/month), Carriage Park ($252/month).  The stated fees are estimates based on the MLS entry.  I have found many times sellers are unsure of what they are actually paying.

Most condo fees cover the obvious things like insurance, lawn care, pool maintenance, common area taxes and trash.  And then others include things like cable TV, water/sewer, trash, fitness center/clubhouse, tennis courts, etc.

One thing about condo fees - they are not set forever.

For information on condos for sale in Suntree and Viera, give me a call or email me. 


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