Living in Florida's Space Coast
Riverview Terrace
Riverview Terrace has acre lots and houses dating back to 1987, but the typical home here was built in 2020 and construction is still running into 2026, with custom estates past 4,800 square feet. Dues are $75 a year, and there is a real architectural review committee behind them. The association covers about 183 properties.
Riverview Terrace In Grant-Valkaria, Florida
Riverview Terrace sits inland of Old Dixie Highway on a grid of acre lots, reached from US 1 by way of Shell Pit Road or Valkaria Road, then Old Dixie Highway, then Berry Road, then south on Indian River Boulevard. Inside, the streets are Hacienda Drive, Wando Avenue, Edisto Drive, Blossom Ridge Place, Whispering Pines Lane, Red Bay Street and Pond Apple Street. Red bay and pond apple are Florida native trees, and both grow here.
This is the custom build street of Grant-Valkaria. The plat has been on the ground since the late 1980s, but a large share of the lots sat undeveloped for decades and are being finished now. The oldest houses date to 1987 and the newest are under construction with 2026 completions. The typical build year is 2020. That means a 1,788 square foot ranch and a 4,849 square foot estate can be two doors apart.
Because these are one off builds rather than a builder program, the specifications wander in an interesting way. Standing seam metal roofs on some, shingle on most. Stucco over block on the majority, stone accents on several, frame on a handful. Oversized garages are a theme, running to five bays, and dedicated boat and RV garages appear on the newer estates. Nine of the nineteen properties have a screened in ground pool.
The association is registered in Florida as Riverview Terrace Homeowner's Association, Inc. and covers roughly 183 properties. Dues are modest, generally $75 a year with a few addresses at $100 or $105. What the association actually does is architectural review: plans for construction and improvements go to a review committee before work starts. The board meets monthly at the Grant Community House on 1st Street, which is the same hall the seafood festival runs from.
Typical value is $699,000, in a range from $558,900 to $1,425,000 at about $274 a square foot. Homes here take about ninety six days to sell, the longest of any Grant-Valkaria neighborhood, which is what happens when every house is different and the buyer pool for a custom acre property is narrow. Every property runs a private well and a septic tank.
Riverview Terrace At A Glance
Riverview Terrace at a glance, from the review committee to the build years.
| Detail | What you get |
|---|---|
| Detail | Value |
| Location | South off Berry Road onto Indian River Boulevard, inland of Old Dixie Highway, Grant-Valkaria 32949 |
| Plat | Riverview Terrace, Riverview Terrace A and Riverview Terrace Estates |
| Built | 1987 through completions in 2026, about 2020 typical |
| Home size | 1,788 to 4,849 square feet, about 2,591 typical |
| Bedrooms | Three to six, with two to five baths |
| Lot size | 1.0 to 2.19 acres, about 1.06 typical |
| Construction | Mostly stucco over block, with stone accents, some frame, shingle roofs and standing seam metal on several |
| Association | Mandatory and deed restricted. Generally $75 a year, some addresses at $100 or $105. Registered in Florida as Riverview Terrace Homeowner's Association, Inc., covering about 183 properties |
| Architectural review | Yes. Construction and improvement plans go before a review committee. The board meets monthly at the Grant Community House on 1st Street |
| Utilities | Private well and septic tank |
| Pools | Nine of nineteen properties, most screened |
| Garage | Two to five bays, with dedicated boat and RV garages on several newer homes |
| Streets | Hacienda, Wando, Edisto, Blossom Ridge, Whispering Pines, Red Bay, Pond Apple, Indian River Boulevard |
| Price range | $558,900 to $1,425,000, typical $699,000, about $274 a square foot |
| Time to sell | About 96 days typical, the longest in Grant-Valkaria |
Riverview Terrace Details
Seventy Five Dollars A Year With Teeth
The assessment is small, but this is a deed restricted community with an active architectural review committee that approves plans before construction and improvements begin. In a town where most acreage carries no association at all, that review is the reason the streets look coherent despite thirty five years of separate builds.
A Plat From The 1980s Being Finished Now
Houses date from 1987, the typical build year is 2020, and homes are still being completed in 2026. Very few Brevard County neighborhoods have that shape. It means undeveloped acre lots still exist here, and it means your neighbors range from a 1980s ranch to a five thousand square foot new estate.
Boat And RV Garages
Garage counts run to five bays, and several of the newer estates include a dedicated boat or RV garage rather than a carport or a side pad. On an acre, with a review committee that expects things stored under roof, that is a practical answer rather than a luxury.
Every House Is Different
Standing seam metal on one roof, shingle on the next. Stucco over block, stone accents, frame. Ranch, traditional, and modern custom side by side. Comparable pricing here is genuinely difficult, which is both the opportunity and the risk when you buy or sell on these streets.
Ninety Six Days Is Normal
This is the slowest market in Grant-Valkaria, and there is nothing wrong with it. A one off custom home on an acre with well and septic speaks to a specific buyer, and finding that buyer takes time. Price and market accordingly rather than reading a long marketing period as a signal.
The Grant Community House Connection
The board meets at the Grant Community House at 4580 1st Street, the same building and grounds that host the Grant Seafood Festival each spring. It is free to attend, entirely volunteer run, and it bills itself as the longest running seafood festival on the East Coast. Parking is at Valkaria Airport with a shuttle.
Homes For Sale In Riverview Terrace
Current availability in Riverview Terrace is below. Because nearly every home here is a one off build, compare specifications and lot position rather than price per square foot alone.
Riverview Terrace Frequently Asked Questions
Is Riverview Terrace deed restricted?
Yes. It is a deed restricted community governed by Riverview Terrace Homeowner's Association, Inc., with an architectural review committee that approves construction and improvement plans before work begins. Ask for the declaration of covenants and the current rules before you plan a build or an addition.
What are the dues?
Generally $75 a year, with a few addresses at $100 or $105. That is very low for a community with an active review committee, which also means there is little reserve. Read the budget and the meeting minutes, both of which the association makes available to owners.
How many homes are in the community?
Roughly 183 properties fall under the association. That is considerably larger than the handful of houses you will typically see available at any one time, so patience pays off if you are targeting a specific street or lot type.
Can I still buy a lot and build?
Yes. Undeveloped acre parcels have remained available here for decades and new homes are being completed into 2026. Any build goes through the architectural review committee first. Factor in a well, a septic system, a driveway and a culvert, none of which are in the ground on a raw lot.
Is the neighborhood on well and septic?
Yes, every property. Include a water quality test, a well pump and pressure tank inspection and a septic evaluation with the drain field located in your inspection period. On the newer custom homes, confirm the system was sized for the actual bedroom count.
Are there waterfront lots?
Two properties carry a waterfront designation, including lakefront acreage inside the community. Most lots are wooded interior parcels. For river access, Christenson's Landing at 5355 US 1 has six ramp lanes and two fishing piers, and the First Street ramp in Grant is a few minutes east.
Why is the price range so wide?
From $558,900 to $1,425,000, because the housing stock spans 1987 to 2026 and 1,788 to 4,849 square feet. A late 1980s ranch on an acre and a new five thousand square foot custom estate on two acres are both Riverview Terrace addresses. Judge each property on its own.
What is the tradeoff?
Time. Homes take about ninety six days to sell here, the longest in the town, and if you are building you will wait on the review committee, the permits and the well and septic install. What you get for the patience is an acre, real architectural standards and no two houses alike.
Indian River Boulevard, Grant-Valkaria 32949
The community sits between Old Dixie Highway and the western edge of Grant, south of Berry Road and north of Grant Road. From US 1 you turn west at Shell Pit Road or Valkaria Road, pick up Old Dixie Highway, run west on Berry Road, then south on Indian River Boulevard into the plat. It is a rural grid of two lane roads without sidewalks or streetlights, and the tree cover is heavy on most blocks.
US 1 and the Indian River are about five minutes east, with three county boat ramps between Grant and Valkaria. I-95 is reached at Malabar Road, exit 173, roughly fifteen minutes north, or at County Road 512, exit 156, to the south. Melbourne is about thirty five minutes, Sebastian about twenty. Grant-Valkaria is on the mainland side of the river, so ocean beaches mean a causeway crossing.
Near Riverview Terrace In Merritt Island
Considering Riverview Terrace?
When every house on the street was built by a different person in a different decade, the comparable sales analysis is the whole job. What did that metal roof cost, is the boat garage permitted, how deep is the well, what will the review committee let you add. My partner Nichole and I do this work in Grant-Valkaria regularly and will tell you where a price is real. Call or text (321) 212-7676.
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