Terrace Iv At Heritage Isle
Condos for Sale in Melbourne, FL
All 731 homes for sale in Melbourne, FL · median $389,900 · 94 condos for sale in Melbourne · 280 homes for sale in 32940 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
As of October 2026, Terrace Iv At Heritage Isle Condo in Melbourne, FL has 1 home for sale. As of October 2026, the MLS records 35 closed sales in Terrace Iv At Heritage Isle Condo in Melbourne, FL since 2009, the most recent in June 2025. Recorded prices across those 35 sales ran from $92,900 to $285,000 (median $154,900), on homes of 1,194 to 1,408 sq ft. Across Melbourne as a whole, 1,127 homes closed in the last 12 months at a median of $385,000, 44 median days on market, with 229 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $2,420 ($1,790 with the full homestead exemption).
Part of the Heritage Isle master-planned community in Melbourne, FL — see all Heritage Isle homes for sale (4 listings across 10 villages and sections in the MLS).
Part of Terrace at Heritage Isle, Melbourne, FL — see all Terrace at Heritage Isle homes for sale (2 listings across 4 sections in the MLS).
Terrace Iv at Heritage Isle is a condo enclave within the larger Heritage Isle community in Melbourne. What sets pricing here is condition and the specific unit itself — floor, finishes, updates, and the interior state of a given listing will do more to move a number than any community-wide trend, because there is no active sales data in the current snapshot to anchor a market rate.
With no closings in the current window and no amenities identified from current MLS listings, this is a market where you price and negotiate off the individual unit, not a comp set. For a seller, that means presentation and a defensible asking strategy matter more than usual. For a buyer, it means doing your own homework on the condo association, the specific building, and what your monthly carrying costs actually cover.
The 60-Second Overview
Terrace Iv is a small condo section inside the Heritage Isle community in Melbourne, Brevard County. Because current MLS data shows no recent closings and no identified amenities, treat any listing here on its own terms rather than against a busy comp history.
Space Coast MLS sales records identify 10 homes in Terrace Iv At Heritage Isle Condo that have changed hands since 2011, built between 2007 and 2007 (median 2007), with a median living area of about 1,232 sq ft and a typical 2-bedroom, 2-bath layout; 100% are condominiums. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Terrace Iv At Heritage Isle Condo is best for.
Best for
- Buyers seeking a low-maintenance condo and comfortable pricing off the specific unit
- Down-sizers who want a smaller footprint in the Melbourne area
- Cash or well-qualified buyers prepared to vet condo documents and dues before offering
Probably not for
- Buyers who need a deep recent-sales history to anchor value
- Those wanting a specific slate of community amenities confirmed up front
- Investors expecting frequent turnover and easy comparables
The market around Terrace Iv At Heritage Isle Condo
Terrace Iv At Heritage Isle Condo is too small for its own price trend, so here is the market around it.
In ZIP 32940, 418 homes are on the market and 34% are under contract — a fast-moving corner of Melbourne.
Across Brevard County, 4,132 homes are active and 1,477 pending (26% under contract).
In ZIP 32940 (Melbourne), 1,061 homes closed in the last 12 months at a median of $405K ($219/sq ft), up 0.4% year over year, with a median 40 days on market. Right now 150 active and 54 pending listings put supply at about 3.0 months — a balanced market. See the live ZIP 32940 housing market and the Brevard County market.
ZIP and county figures describe the wider market, not Terrace Iv At Heritage Isle Condo specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Terrace Iv At Heritage Isle Condo
Live MLS inventory for Terrace Iv At Heritage Isle Condo. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Terrace Iv At Heritage Isle Condo listings as of 2026-10-01, priced high to low. Based on information from the Space Coast MLS for the period 2009 through 2025. Tap any home to ask about it.
Every Home for Sale in Terrace Iv At Heritage Isle Condo Right Now (1)
All 1 active and pending Terrace Iv At Heritage Isle Condo listings with a detail page, newest first, refreshed twice a day from the MLS.
- 6858 Toland Drive #304 · $285,000 · 2 bd / 2 ba · listed Jul 5, 2026 · listed by Carnu Realty LLC
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Quest · Elementary
- Kennedy · Middle
- Viera · High
Zoned schools reflect the assignments reported on recent Terrace Iv At Heritage Isle Condo listings and can change; always confirm with Brevard County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Terrace Iv At Heritage Isle Condo address.
Shop the zone: Homes zoned for Viera High School
The Terrace Iv At Heritage Isle Condo buying strategy.
If we were buying in Terrace Iv At Heritage Isle Condo today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Terrace Iv At Heritage Isle Condo.
A thin-data condo section
The honest read on Terrace Iv is that the current snapshot is quiet — no closings in the window we're looking at and no amenities surfacing from current listings. That doesn't make it a bad buy; it makes it a diligence buy. When a section trades infrequently, each transaction becomes its own reference point, so the terms, condition, and association details of the actual unit carry the analysis.
Anyone working here should go straight to the condo documents: reserves, any assessments, what the monthly dues cover, and the rules governing the building. Those factors, more than a headline price, will determine whether a given unit is a sound purchase. We describe the pricing here qualitatively because there is no reliable transactional figure to cite.
The location and the amenities are priced into every listing in Terrace Iv At Heritage Isle Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a section this thin on recent data, the value we add is legwork: pulling the condo association documents, reading the reserve and assessment picture, and building a price case off the specific unit rather than a comp set that doesn't exist. We'll tell you plainly when a listing's condition or carrying costs don't justify the ask.
Terrace Iv At Heritage Isle Condo in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Terrace Iv At Heritage Isle Condo buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Terrace Iv At Heritage Isle Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Terrace Iv At Heritage Isle Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Terrace Iv At Heritage Isle Condo home worth?
Get a no-obligation home value based on real comparable sales in Terrace Iv At Heritage Isle Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Should you buy in Terrace Iv At Heritage Isle Condo?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: October 1, 2026) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2009 (35 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Space Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Space Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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Common questions about Terrace Iv At Heritage Isle
Where is Terrace Iv At Heritage Isle?
Terrace Iv At Heritage Isle is a community in Melbourne, Brevard County, Florida, ZIP 32940.
Are there homes for sale in Terrace Iv At Heritage Isle right now?
Yes — 1 active and 0 pending listings as of the last feed refresh (twice daily). They are listed on this page.
Does Terrace Iv At Heritage Isle have an HOA or CDD?
No HOA is on record for Terrace Iv At Heritage Isle in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
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