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For SaleCondominium
$293K
6858 Toland Drive #304, Melbourne, FL 32940
Heritage Isle neighborhood
Subdivision: Terrace IV at Heritage Isle Condo
2
Bedrooms
2
Bathrooms
1,194
Sq Ft
2007
Year Built
$245 /sqft

About This Property

Description from listing agent

Fantastic views of the lake and golf (Duran) are yours in this 2-bedroom, 2 bath condo located in the 55+ community of Heritage Isles. This fully furnished & equipped unit includes an open Living/Dining/Kitchen combo, shower in the primary, tub & shower 2nd hall bath and bedroom, a screened balcony, a large storage space on the same floor, a 1 car designated space in the carport plus lots of open parking! The 21000 sf Club House membership is included and features LOTS of activities, great entertainment and even a cafe. It is a must see to believe! Also featured is a huge pool, exercise room and more outside activities to enjoy! It is located just off I-95, for easy access to amazing shopping and services. CDD fee listed is included in the property Tax amount for the year. HOA fees are paid quarterly (but come out to $676.33 a month) and include water/sewer/trash/cable and internet plus more please stop at Clubhouse to get the full list! You can't afford not to consider this unit.

Space Coast Context

🚀 Launch Viewing — Good Views

24.6 mi from SLC-40

24.6 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
Northrop10.4 mi~23 min
L3Harris11.6 mi~26 min
KSC20.2 mi~45 min
SpaceX20.3 mi~45 min
Boeing/KSC20.3 mi~45 min
Blue Origin20.5 mi~46 min
Lockheed20.6 mi~46 min

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Offer Intelligence

Based on 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
12.5% above median
Median comparable close: $260,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
96.3% of list price
At that rate, a competitive offer ≈ $281,667
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 1 comparable sale used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.07 acres (3,049 sqft)
Full Baths
2
HOA Fee
$1356/mo
Senior Community
Yes
Days on Market
433
MLS Area
217 - Viera West of I 95

Community & HOA

HOA

Schools

Elementary

Quest

Middle School

Kennedy

High School

Viera

Financial & Listing Details

Listed
May 15, 2025
Parcel #
26-36-08-75-00000.0-000d.11
$293K

Listing Agent (for property info)

C
Carolyn M Schumann
Carnu Realty LLC
321-863-2754
Call Listing Agent

Estimated Monthly Payment

$3,340/mo
Principal & interest
$1,541
Property taxes
$293
Insurance & HOA
$1,506

Based on a 6.90% rate, 30-year loan, and $293K price — down payment shown: $58,500.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1046244

Interested in this property?

Equal Housing Opportunity

MLS# 1046244 · Listing Broker: Carnu Realty LLC · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.