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Wednesday, November 09, 2011

Moving to Brevard County, Florida: Rental Properties in Viera and Suntree (Melbourne, Florida)

As of October 31, 2011 the number of new rental listings year to date in Suntree and Viera was up about 11% from the same period last year (665 v. 600).    Could these be an indication of investors looking at the real estate market favorably
Could it be the lower Brevard County, Florida home prices have some buyers renting their current home and buying more for less now and intending to sell the other home when the market recovers?  And, yes, the real estate market will recover.

As of today there are 77 properties listed for rent in Viera and Suntree (north Melbourne, Florida).  Of these 37 are single family homes and 34 are condominium units.

Rental prices for single family detached homes in Viera and Suntree range from $1,000 to $4,000 per month.  A 3 bedroom /2 bath or 4 bedroom/2 bath home in Viera or Suntree currently looks to be available for around $1,300 to $1,500 depending on the specific location.

Prospective tenants must remember most owners require the first and last month's rent plus a security deposit to rent.  And some owners I have spoken with lately will consider less than stellar credit.  Besides many with with perfect credit eventually buy and investor owners prefer long term, stable tenants.

The number of available units shrink if one has a pet.  If you have a pet the number of available units will drop from 37 to 27.  Of these 27 units that may allow pets 21 of the owners only indicate they will consider pets. 

And if you are looking for a gated community, the numbers will drop even further to less than six properties as will the choices if you are looking for a pool.

The list price for condos range from $650 (1/1) in the Greens at Viera East to $1,600 ( a seasonal rental at Heritage Isle).   To give one an idea of where the condo rentals are in Suntree and Viera, here is a summary as of today.
  • Eight active listings at Cypress Cove in Suntree, 
  • Seven active listings at The Greens at Viera East, 
  • Six listings in Heritage Isle (55+ community), 
  • Eleven properties for rent at Three Fountains of Viera (near The Avenues of Viera mall).
If you are looking for a rental property in Viera, Suntree or Rockledge, give me a call at 321-693-3850 or email me.   I will be glad to send you listings – free, of course!

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