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Monday, April 09, 2012

Grand Isle in Melbourne, Florida -Market Activity in Viera's 55+ Community April 2012

Viera (Melbourne, Florida) has several 55+ communities.  While there are many similarities these 55+ communities in Viera are also quite different. 

This is a summary of recent real estate activity in the gated 55+ community of Grand Isle.  Read this for an April 2012 update on real estate activity in Viera's Heritage Isle development.

Viera’s Grand Isle development currently has six active listings priced from $190,000 to $234,900.

All of these homes were built between 2000 and 2003 and offer three bedrooms two baths and a two car garage.  But there is some variation in size with the smallest having 1,764 sq.ft. under air and the largest 2,161 sq.ft. under air.  One of the listed homes is on a lake.

There are currently four homes in Grand Isle under contract.  Two of these are short sales and the others are standard fair market sales. 

Over the past two months there have only been two homes sold in Grand Isle (a reflection of the small amount of listings in the development).  There was one home sold in February for $200,000 and another in March 2012 for $165,000. 

Over the past year there have only been 16 homes sold in Grand Isle - pretty stable development as far as property sales goes.  Of the sixteen closed sales only one was a short sale.

For information on homes for sale in Grand Isle (or other 55+ communities in Viera like Heritage Isle) please send me an email or give me a call at 321-693-3850.

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