Wednesday, May 31, 2017

Sierra Lakes Subdivision in Rockledge, Florida - Market Report June 2017

Sierra Lakes is a gated community located at the northern most border of Rockledge, Florida off Pluckebaum Road.    This gated community was primarily developed in the 2012-2015 time frame.

Sierra Lakes (and Rockledge's) proximity to central Brevard's most popular community (Viera) as well as excellent schools make it a great choice for anyone moving to Brevard County.

With easy access to major routes including US 1, I-95 and SR 520 make Sierra Lakes an excellent location for commuters.  The beaches are about 10 miles to the east and Orland about 45 miles west!

This is a deed restricted community with homeowner fees in Sierra Lakes currently about $116 per quarter and covers common area maintenance including fenced perimeter and gated entry.

What is currently for sale in Sierra Lakes?

Currently there are two homes for sale in the Sierra Lakes subdivision.   List prices are in the $260,000 to $265,000 range.  These homes were built in the 2013/2014 time frame and are both water front (retention pond/lake front).

While list prices are similar for these homes the sizes are quite different - one a two story, one has over 2300 sq.ft. under air while the other is almost 1900. 

There are also four homes in Sierra Lakes under contract awaiting closing at this time.  List prices for these properties range from $229,500 to $284,500.

What has recently sold in Sierra Lakes?

With the inventory of available move in and newer homes for sale in central Brevard County tight this subdivision (in my opinion) has received a lot more activity lately.  (Could Sierra Lakes be the last bargain in teh area for newer homes?)

Over the past six months there have been two homes sold in Sierra Lakes.  Those properties included:
  • 1481 Scout Drive - a huge 3.079 sq.ft. two story home builtin 2015 that offered five bedrooms and three bathrooms and a two car garage. This home sold on February 28, 2017 for $280,000 (list price was $284,000) with VA financing.  By the way a check f the Brevard Property Appraiser website for sales in Sierra Lakes show this to be the highest sales price recorded - ever.
  • 1366 Sangria Circle - superbly maintained 2014 built four bedroom two bath two car garage fenced yard home with 1,873 sq.ft. and screened porch and patio sold on May 22, 2017 for $222,000 (list price was $220,000), with FHA financing. 
For information on homes for sale in Rockledge, Florida, call or text me at 321-693-3850.