Sierra Cove
High-PSF Viera East community with 100% sale-to-list and 9-day DOM — quality new construction at the $577K price point.
Live the MaxLife.
$578K
Median Price
$500K – $685K
0
Homes
$60–$60
Monthly HOA
2022
Established
Viera Elementary (K–5)
School Zone
Sierra Cove — Market Pulse
Active listings + recent-sold aggregates from the Stellar MLS, 32940 area · about $252/sq ft · aggregate statistics only, no addresses or individual listings published.
Search Homes for Sale in Sierra Cove
Stellar MLS · 2026-04-26 · 4 closed sales
Recent market data
Median sold
$577,500
$500K – $685K
$/sqft
$300
Median DOM
9
days on market
HOA
$60/mo
CDD fee
$135
per year (tax bill)
Sale-to-list
100.0%
First access
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Background
A brief history
Sierra Cove is a Viera East new-construction community with homes completed between approximately 2020 and 2023. Four closes in the last 60 days at $577,500 median ($300/sqft) — the highest price per square foot of any under-$700K new-build community in the 32940 dataset. At 9-day DOM and 100% sale-to-list, buyers are paying list price within a week, suggesting both constrained supply and high confidence in product quality.
The feel
What it's like to live here
Sierra Cove is a smaller-footprint community with a more intimate feel than the larger Viera East phases. 50% of closes reported waterfront lots, which is the structural reason for the premium PSF — lake and pond-view lots in a tight community command a significant premium over interior lots. The $60/month HOA is nominal; the community's appeal is the lot positioning, not the amenity package.
The details
What to expect
$300/sqft explained
Sierra Cove's $300/sqft is the highest in the under-$700K new-build tier. This premium is almost entirely lot-driven: 50% of closes were on waterfront (lake/pond) lots. Interior Sierra Cove lots likely trade closer to $275–$285/sqft — comparable to Crossmolina. If you are comparing Sierra Cove to Trasona at similar prices, ask which lots are waterfront-positioned.
Low HOA, low CDD
At $60/mo HOA + $135/yr CDD, Sierra Cove has the lowest combined community carrying cost of any active-build community in the dataset. This means less amenity infrastructure (no resort pool, no fitness center) — the trade is lower monthly outflow for a community that derives its value from lot position, not shared amenities.
Schools
Viera Elementary feeds to Viera Middle School and Viera High School. Same feeder as Trasona, Crossmolina, and the other Viera East communities in this ZIP.
Community
Amenities
- Waterfront lots (50% of community)
- Walking trails
- Community green space
- Minimal HOA infrastructure
Know Before You Buy
HOA rules worth knowing
- $60/month HOA — minimal amenity package; verify what is covered
- $135/year CDD fee on property tax bill
- Short-term rental restrictions — verify with association
Education
School assignments
- Viera Elementary (K–5)
- Viera Middle School
- Viera High School
School zone assignments change. Verify with Orange County Public Schools before purchase.
Market Commentary
What the market is doing
4 closes in the last 60 days at $577,500 median ($300/sqft). Price range $500K–$685K. $60/month HOA — among the lowest in the active-build tier. $135/year CDD. 9-day DOM and 100% sale-to-list. 50% of closes on waterfront lots — lake/pond-view lots are the primary driver of the premium PSF relative to Trasona or Crossmolina at similar price points.
Active MLS Inventory
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Homes available in Sierra Cove
6 homes currently listed in Sierra Cove.
$675,000
3323 Casare Drive, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 4 ba · 2,403 sqft
Sierra Cove
This property is under contract. Contact us for backup offer opportunities.
MLS ID #1072095, Britton Group, Inc..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$545,000
3308 Ribbon Grass Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,622 sqft
Sierra Cove
MLS ID #1073923, Real Broker, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$855,000
8403 Catalissa Avenue, Melbourne, Fl 32940
Melbourne, FL 32940
5 bd · 6 ba · 3,453 sqft
Sierra Cove
MLS ID #1077074, Coldwell Banker Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$874,999
8432 Paragrass Avenue, Melbourne, Fl 32940
Melbourne, FL 32940
5 bd · 6 ba · 3,505 sqft
Sierra Cove
This property is under contract. Contact us for backup offer opportunities.
MLS ID #1079739, Real Estate Direct of Florida.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$660,000
8232 Paragrass Avenue, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 4 ba · 2,262 sqft
Sierra Cove
This property is under contract. Contact us for backup offer opportunities.
MLS ID #1076297, Keller Williams Realty Brevard.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$734,000
3379 Ribbon Grass Drive, Melbourne, Fl 32940
Melbourne, FL 32940
5 bd · 4 ba · 2,684 sqft
Sierra Cove
MLS ID #1074643, Blue Marlin Real Estate.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 29, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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