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Tuesday, April 19, 2016

Indian River Colony Club - Market Update April 2016 - 55+ Community Viera, Florida

There are three 55+ communities in Viera, Florida (Heritage Isle, Grand Isle, Indian River Colony Club).   Of these, only one offers totally maintenance free living - Indian River Colony Club. 

Read more about the facilities and benefits of living at Indian River Colony ClubOf course the benefits come with a higher monthly fee.

What is for sale at Indian River Colony Club?

Currently there are twenty-nine active listings in the Indian River Colony Club.  List prices for these homes range from $115,000  (a not so common 2/2/1 duplex) to $329,900 .

Single family detached home prices range from $149,900 to $329,900 with a  median listing price of $179,000.   Although many folks downsize when they move to IRCC, these homes are not that small with a median square foot under air of 1,990 sq.ft.   The largest home for sale offers over 3,200 sq.ft. 4 bedrooms and 4.5 baths as well as a 3 car garage!

Most of these homes for sale at IRCC offer either three or four bedrooms (25 of the 29 listings).   As for age of construction fifteen of the listings were built between 1988 and 1990. 

Because most of the homes in Indian River Colony Club are older, wood frame/stucco normally buyers who desire newer construction or concrete block construction had to consider Heritage Isle and Grand Isle. 

But there are actually a couple of homes currently being constructed in IRCCYes, some new construction in Indian River Colony Club - but this is limited and will not last!

And homes are steadily selling as indicated by another eighteen homes under contract awaiting closing.

What has been selling at Indian River Colony Club?

Over the past six months there have been twenty five homes sold in IRCC with selling prices ranging from  $77,000 (duplex) to $266,500.   The median selling price was $150,000.

Recent sales (since February 1, 2016 ) have included six homes sold in IRCC. 

Selling prices for these ranged from $140,000 to $266,500 with a median sales price of approximately $194,000.   Most of these homes were 3 bedroom 2 bath 2 car garage homes with about 1,900 -2000 sq.ft. under air.   It should be noted the two highest priced homes had private pools.

For information on homes for sale at Indian River Colony Club, please call or text Gary L Waters, LT MSC US Navy Retired, at 321-693-3850.

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