New & recently-built · 7 active communities
Viera New
Construction
Trasona, Reeling Park, Pangea Park, Farallon Fields — real MLS close data from the last 60 days. Every community, every price, every DOM.
$435K–$1.17M
Price range (recent closes)
2 days
Fastest DOM (Farallon Fields)
54
New-construction closes (60d)
$135/yr
CDD fee (most new communities)
2026 new construction comparison
All figures from Stellar MLS closes in the 60 days ending Apr 26, 2026. Sorted by median sale price, high to low.
| Community | Median | Range | $/sqft | HOA/mo | CDD/yr | DOM | Closes |
|---|---|---|---|---|---|---|---|
| Reeling Park | $748,000 | $549K – $1.17M | $265 | $163/mo | $135/yr | 234 days | 12 |
| Farallon Fields | $740,000 | $650K – $915K | $295 | $151/mo | $135/yr | 2 days | 7 |
| Crossmolina | $657,000 | $560K – $720K | $273 | $163/mo | $135/yr | 39 days | 6 |
| Trasona | $650,000 | $519K – $860K | $298 | $163/mo | $183/yr | 33 days | 12 |
| Pangea Park | $630,000 | $560K – $720K | $285 | None | $135/yr | 8 days | 8 |
| Sierra Cove | $577,500 | $500K – $685K | $300 | $60/mo | $135/yr | 9 days | 4 |
| Avalonia | $435,000 | $385K – $490K | $246 | $163/mo | $135/yr | 32 days | 5 |
Source: Stellar MLS export, April 2026. Long DOM (e.g., Reeling Park 234 days) reflects spec-build construction cycles, not slow demand.
Active construction
·12 closes · 33-day DOM
Trasona
The most active new-construction community in 32940. Twelve closes in the last 60 days at a $650K median makes Trasona the best single indicator of where new Viera product prices. The CDD fee is remarkably low at $183/year — the lowest of any community in the dataset with double-digit closes — which combined with the modest $163/month HOA gives Trasona the best carrying cost among Viera East's $600K+ tier.
- →12 closes — highest volume of any Viera new-construction community
- →Lowest CDD ($183/yr) in the active-construction tier
- →Low HOA ($163/mo) — lean community fee structure
- →$298/sqft median — competitive for 2020s construction
- →33-day median DOM — strong demand, priced to move
Schools: Viera Elem · Viera Middle · Viera HS
Full Trasona profile →By the numbers
Active construction — spec-build cycle
·12 closes · 234-day DOM
Reeling Park
The highest-median new-construction community in the 32940 dataset at $748K. The 234-day median DOM is notable — this isn't a slow market, it's a spec-build cycle: builders release lots, homes go under contract during construction, and close 6–9 months later. If you see a Reeling Park listing with 200+ DOM, it's almost certainly a spec home under construction, not a stale listing. The price range reaches $1.17M — Reeling Park covers the widest price band in Viera's new construction tier.
- →Highest median new-construction price in 32940 ($748K)
- →12 closes — tied with Trasona for highest volume
- →Price range reaches $1.17M — Viera's mid-luxury tier
- →Lowest CDD ($135/yr) in the entire dataset
- →Long DOM reflects spec-build construction cycle, not weak demand
Schools: Quest Elem · Viera Middle · Viera HS
Full Reeling Park profile →By the numbers
Active construction — fastest moving
·8 closes · 8-day DOM
Pangea Park
The fastest-moving new construction community in Viera — 8-day median DOM and a 99.7% sale-to-list ratio. That combination means buyers are paying full price in days, not weeks. Pangea Park's tight price band ($560K–$720K) suggests a consistent product type: similar floor plans, similar lots, buyers who know exactly what they're buying. No HOA fee, only a $135/year CDD — by far the lowest carrying-cost structure of any $600K+ community in the 32940 dataset.
- →Fastest-moving community in Viera (8-day median DOM)
- →99.7% sale-to-list — essentially full-price offers only
- →No HOA fee — only $135/yr CDD carrying cost
- →Tight price band ($560K–$720K) — consistent product
- →$285/sqft — fair market for 2022+ construction
Schools: Viera Elem · Viera Middle · Viera HS
Full Pangea Park profile →By the numbers
Recently built — high-psf tier
·4 closes · 9-day DOM
Sierra Cove
Four closes at a 100% sale-to-list ratio and 9-day median DOM. Sierra Cove is the highest-PSF community in the under-$700K bracket at $300/sqft — buyers are paying a quality premium. Nominal HOA ($60/mo) and CDD ($135/yr) mean almost no carrying cost above the mortgage. Half of closes reported waterfront lots.
- →Highest PSF ($300) in the under-$700K new-build tier
- →9-day median DOM — among the fastest in Viera
- →100% sale-to-list — zero negotiating room
- →50% of closes on waterfront lots
- →Minimal carrying cost ($60/mo HOA + $135/yr CDD)
Schools: Viera Elem · Viera Middle · Viera HS
Full Sierra Cove profile →By the numbers
Active construction — near-instant sell-through
·7 closes · 2-day DOM
Farallon Fields
Two-day median DOM. That's not a typo — Farallon Fields closes are going under contract within 48 hours of hitting the MLS, at 100% of list price. This is the clearest expression of demand in the Viera market. At $740K median and $295/sqft with a $151/month HOA and $135/year CDD, Farallon Fields is priced just below Reeling Park's trophy tier and is selling faster than anything else in the 32940 ZIP.
- →2-day median DOM — fastest in the entire Viera dataset
- →100% sale-to-list — list price is sale price
- →$740K median — just below Reeling Park's luxury tier
- →Pulte Homes builder quality and warranty
- →Low CDD ($135/yr) — same structure as Pangea Park and Sierra Cove
Schools: Viera Elem · Viera Middle · Viera HS
Full Farallon Fields profile →By the numbers
Active construction
·6 closes · 39-day DOM
Crossmolina
Six closes at $657K median with a 39-day DOM and 98.7% sale-to-list. Crossmolina's price band ($560K–$720K) overlaps with Pangea Park but sells more slowly — the DOM difference (39 vs 8 days) likely reflects product mix and lot availability rather than demand quality. $273/sqft is slightly below Pangea Park and Sierra Cove, which may represent slightly larger floor plans.
- →6 closes at $657K median — solid mid-tier Viera East pricing
- →98.7% sale-to-list — minimal negotiating room
- →$273/sqft — slightly larger homes than comparable communities
- →Modest HOA ($163/mo) and low CDD ($135/yr)
Schools: Viera Elem · Viera Middle · Viera HS
Full Crossmolina profile →By the numbers
Entry new construction
·5 closes · 32-day DOM
Avalonia
The most affordable new-construction community in the 32940 dataset at $435K median. Avalonia fills the gap between Viera's resale market ($400K) and the $600K+ active-build communities — it's new product at a near-resale price point. The 32-day DOM and 98.6% sale-to-list show healthy demand without the frantic pace of Farallon Fields or Pangea Park.
- →Most affordable new-construction option ($435K median)
- →Entry point to Viera's new-build tier ($385K–$490K)
- →$246/sqft — lowest of the active-construction group
- →32-day DOM — measured, healthy demand
Schools: Viera Elem · Viera Middle · Viera HS
Full Avalonia profile →By the numbers
Common questions
What is the cheapest new construction in Viera FL?
Avalonia is the most affordable new-construction community in Viera, with a $435K median sale price and a price range of $385K–$490K. It offers new product at near-resale pricing in the 32940 ZIP.
Which Viera new construction community is selling fastest?
Farallon Fields had a 2-day median DOM in the most recent 60-day period — the fastest of any Viera community. Pangea Park followed at 8 days. Both communities see 100% sale-to-list, meaning buyers are paying full price on offer day.
What is the CDD fee for new construction in Viera?
Most 2020s-era new-construction communities in Viera (Trasona, Reeling Park, Pangea Park, Farallon Fields, Sierra Cove, Crossmolina, Avalonia) carry a $135/year CDD fee. Trasona is slightly higher at $183/year. CDD fees are assessed on the annual property tax bill, not as a separate monthly payment. Older communities like Heritage Isle carry higher CDDs ($1,309/year).
Is it cheaper to buy new construction or resale in Viera?
New construction in Viera runs $630K–$748K median for the most active communities (Trasona, Reeling Park, Pangea Park). The Viera resale market overall ran $500K median in the same period. The gap is real — roughly $130K–$248K — but new construction comes with builder warranty, lower CDD fees (newer infrastructure), and no deferred maintenance. For buyers who need under $550K, the resale market is the only option in most Viera communities.
New construction specialist
Builder contracts are different from resale contracts.
Ryan has represented buyers in Trasona, Reeling Park, and Farallon Fields. Builder purchase agreements are one-sided — having a buyer's agent costs you nothing and gives you an experienced reviewer of the contract, addenda, and incentive structure before you sign.