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Friday, October 23, 2015

Sunset Lakes in Merritt Island, Florida - Market Report October 2015

Typical Style Home Sunset Lakes
Sunset Lakes in Merritt Island, Florida offers gated living in a community convenient to shopping, excellent schools, waterways (Indian River, Sykes Creek, Banana River and Atlantic Ocean all within a short drive) and more.

With easy access to the Beachline (SR 528), from Sunsets Lakes its a quick trip trip to Orlando or the beaches.    This north Merritt Island community is near restaurants, medical facilities,and The Savannnahs Golf Course as well as major employers like the Kennedy Space Center.

Amenities provided in Sunset Lakes includes bike trail, basketball court, jogging trail, park area, playground, shuffleboard and tennis courts.  Home owner association fees are about $660 per year however this fee should be verified.

While there are two gated entrances to the Sunset Lakes community the general public can only enter through the main gate off State Road 3 (North Courtenay Parkway).

Since August 1, 2015 there have been eight homes sold in Sunset Lakes with an average selling price for these homes of $268,000.  Average size of these homes was around 2,000 sq.ft under air conditioning.  All but one of these sales was a standard sale.

Recent sales (since September 1, 2015) reported included four homes sold in Sunset Lakes in Merritt Island.   Three of the four recent sales were standard (fair market) sales.

Home sold included:
  • 803 Killarney Court - This 2,1126 sq.f.t 2000 built three bedroom two bath two car garage home sold for $234,000 on 09/23/15.
  • 520 Sunset Lakes Drive - This 2,531 sq.ft. four bedroom three bathroom three car garage pool home sold as short sale on 10/16/15 for $310,000.
  • 3720 Sunward Drive - This 1999 built 1,755 sq.ft three bedroom two bath two car garage home sold on 09/21/15 for $264,900.
  • 3642 Tipperary Drive - This 2002 built 1,602 sq.ft. four bedroom two bath two car garage homes sold for $220,000 on 10/06/15.
What is for sale in Sunset Lakes?

Currently there are four homes for sale in Sunset Lakes with list prices ranging from $292,000 to $399,000.   All of these are standard sales with an average size about 2,500 sq.ft. under air.  These homes have either two or three car garage units that were built between 1998 and 2003.

For information on homes for sale in Merritt Island, Florida, call (or text) me at 321-693-3850 or send me an email.

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