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Friday, May 20, 2016

Sunset Bay Condos in Merritt Island, Florida - Market Update May 2016

Sunset Bay Condos in Merritt Island, Florida (Brevard County) offer residents a gated waterfront community with a resort feel.  

This gated complex, built in 1986, has its own riverfront dock with water access, a huge pool, fitness center, clubhouse, hot tub, tennis courts and more.  

And with association dues starting at just over $200 a month offers some attractive prices for condo ownership in Florida!  Association dues are just over $200 a month for one bedroom units and in the $400/month range for larger units. 

What is for sale at Sunset Bay?

There was a time not too many years ago where there were lots of units for sale including foreclosures and short sales.  But the real estate scenery in Brevard County, Florid has changed!

Currently there are only two condo units for sale in Sunset Bay in Merritt Island, Florida.  Both of these are standard sales and tend toward the larger units available in the complex where the the units range from about 500 sq.ft. to about 1,200 sq.ft. under air.   Both of these are two bedroom two bath standard sales with list prices ranging from $89,900 to $119,000.  The higher priced unit is closer to the pool with a better view.... always about location!

What has recently sold in Sunset bay?

Over the previous six months there have been seven sales in Sunset Bay as reported in the Brevard MLS system.   All of these sales were standard sales.

Selling prices ranged from $59,900 to $84,900.  While the range of selling prices seems large a closer review reveals six of the sales were closed in a narrow price range ($59,900 and $65,000).
Also size matters...four of these units were one bedroom and one bathroom units.  The highest priced sale was similar to the current listings (2 bedroom 2 bath with 1,155 sq.ft. under air).

For information on condos for sale in Merritt Island, call or text me at 321-693-3850. 

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