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Tuesday, May 17, 2016

Grand Isle in Viera - Market Update May 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 for 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 May 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 in Viera?

Currently there are only two homes for sale in Grand Isle.   List prices range from almost $250,000  to just under $280,000.  I never really understood why agents price homes with that $XXX,900 .  Why not say what it is?  There is a big difference in the size of these homes(about 450 sq.ft. difference), two bedrooms vs three bedrooms.  

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. 

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

What has recently sold in Grand Isle in Viera?

There have been two homes sold in Grand Isle since April 1. 2016 (none in May so far). 
  • 1700 Lago Mar Drive - 3 bedroom 2 bath 3 car garage home with 2,032 sq.ft. sold for $270,000.
  • 1644 Boca Rio Drive -  3 bedroom 2 bath 2 car garage home with 1,992 sq.ft. sold for $290,000. This property had a re-done kitchen as well as being  located on lake.
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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