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Sunday, December 09, 2012

Heritage Isle in Viera– Condos, Villas and Single Family Homes For Sale in One of Viera's Premier 55+ Communities

The Heritage Isle community in Viera (Melbourne, Florida) offers several choices for those relocating to central Florida’s premier 55+ community.

Besides the more common single family style homes, Heritage Isle also offers condos and villas.

Generally the villas and condos have some common characteristics, mainly two bedroom two bath units with square footage ranging from about 1,100 to 1,400.  The villas actually go up the the low 1,500 sq. ft. size.

But there are differences.

I was reminded of some of the major differences last week by a reader of this blog who emailed me about the villas.

For example in the condos the structural insurance (not individual owner contents) is covered by the owner association fees.  These fees are higher than the villas ( about $450 a month for condos, $300 for villas).

Association dues in the condos cover maintenance of everything exterior to the interior of the units.  The association dues in the villas cover the landscaping and routine paint.  I understand the roof is covered for routine replacement but not for hurricane damage, etc.

With the condos there is detached parking with one car carports per unit while the villas have attached one car garages.

Whether buying a single family home, a villa or a condo, be sure to review all association documents prior to your purchase.  Know what your costs will be in the future. 

Here is a summary of the active listings for condos and villa style homes in Heritage Isle.
  • There are three condos for sale at this time listed between $109,900 and $132,900.  
  • There are six patio style/villa style units for sale in Heritage Isle. Three 1,407 sq.ft. units are priced from $120,000 to $139,900 (one is a short sale)  .  There are two of the 1,532 sq.ft. units for sale listed at $129,000 and $149,900.

For a more general discussion of condos and townhomes, read this article - What are the differences between a condo and a townhouse?

If you are considering downsizing to Viera's 55+ community of Heritage Isle, give me a call at 321-693-3850 for information on properties for sale as well as information on new construction.  Also, call me for information on the other 55+ communities in Viera - Grand Isle and Indian River Colony Club.

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