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Wednesday, April 20, 2016

Grand Isle in Viera - Market Update April 2016 - 55+ Gated Community in Viera Florida

There are three 55+ communities in the planned unit development of Viera - Indian River Colony Club, Grand Isle and Heritage Isle.  In my opinion, each of these are different and has their own personality.  The differences in some cases are subtle, but they do exist. 

Still, if one is looking fro a Florida 55+ community, one is probably just right for anyone looking at Florida retirement communities.

This post provides a market report for the gated Grand Isle community for April 2016.  At the bottom of this post there will be links to other articles about the 55+ communities in Viera.

What is for sale in Grand Isle?

Currently there are only two homes for sale in Grand Isle.   List prices range from $249,900 to $274,900.  There is a big difference in the size of these homes with the smaller being only 1,545 sq.ft. and the other just over 2,000 sq.ft. under air.  Another difference is bedrooms - two  vs. three.

There are also two homes under contract awaiting closing at this time.  Both are priced in the same upper $200K range as the homes for sale.  In fact, both are similar in size to the highest priced active listing.

What has recently sold in Grand Isle in Viera?

Over the previous six months there have been eight homes sold in Grand Isle.  Selling prices ranged from $220,000 to $325,000.  All were standard sales as distressed sales are not as common in Brevard County 55+ communities.

Four of these homes have sold since March 1, 2016.  These included:
  • 1370 Lago Mar Drive - 2 bedroom 2 bath 2 car garage with 1,545 sq.ft. sold for $220,000.
  • 1505 Timacuan Drive  - 3 bedroom 2 bath 2 car garage with 2,011 sq.ft. sold for $260,000.
  • 1700 Lago Mar Drive - 3 bedroom 2 bath 3 car garage home with 2,032 sq.ft. sold for $270,000.
  • 1516 Grand Isle Blvd - 4 bedroom 3 bath 2 car garage with 2,470 sq.ft. sold for $325,000.
Here are a few more articles about Viera's 55+ communities...

For information on 55+ communities in Viera, Florida, call or text me at 321-693-3850.

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