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Monday, August 14, 2017

55+ Communities in Melbourne, Florida - Heritage Isle, Grand Isle, IRCC, Pine Creek

Geographically Brevard County is about 80 miles north to south and runs along the Atlantic coast.   And if someone is considering a move to one of Brevard County's 55+ communities there are multiple choices to fit almost all budgets.

The first key question to consider when it comes to moving to a Florida retirement community is "What are you looking for in that Florida retirement community?" 

Is it shopping, restaurants, multiple golf courses, activities, entertainment, fitness centers, a cruise port nearby, low cost of living, total maintenance free living or just exterior maintenance, gated or (guard on site) or whatever.

A second key question is "At what cost?"

For example, consider these four outstanding 55+ communities in the Melbourne, Florida area:  Pine Creek, Grand Isle, Heritage Isle and Indian River Colony Club (IRCC).

While all are gated there are differences beyond the gate - as reflected in the monthly fees and dues.  The following comments about fees/dues are ball park / generic but are close enough to illustrate the point.

First, lets consider location.  Fees are higher in the Viera planned unit development. This is the newer area where Grand Isle, Indian River Colony Club and Heritage Isle are located.  The fourth development, Pine Creek, is located in the Melbourne area about 15 miles south of the other communities.

Pine Creek development has a pool and clubhouse similar to Grand Isle but the fees are a little less (somewhere around $166 per month).  Grand Isle fees run about $280 as month and Heritage Isle is around the $300 a month range.

And then the IRCC fees and dues depend on the specific home model purchased but are probably, at a minimum, in the $800-$1,100 a month range.

I recently ran into a buyer who was pre-approved for a certain amount.  The offer was at teh top of that amount.  And then the reality set in... monthly fees/dues as well as insurance, etc. pushed the buyer beyond the allowed total expenses per month.  Remember all the fees and dues when considering a purchase!
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Call me about this home in for sale in Pine Creek Development - Home For Sale $200,000.

But these 55+ communities are not the same.   IRCC is the total maintenance, gate guarded community where the residents own it all including the facilities and the golf course.  Heritage Isle facilities are not owned by the residents. The Grand Isle owners also own their club house facility.

If you are considering purchasing a home in one of Melbourne, Florida's 55+ communities give me a call (or text) at 321-693-3850 if I can help in any way.

Here are a few posts that discuss the 55+ communities in Melbourne, Florida:
If you are considering a move to Brevard County, Florida, here are some articles which may also be helpful.
Considering buying a home in Viera, Florida?  Call or text me at 321-693-3850.  

If you prefer, send me an email.

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