When was property at 1016 48th Terrace built and last sold?

The property at 1016 48th Terrace was built in 1978 and last sold on May 30, 2023 for $485,000.

How much is this home worth?

The estimated value of the home located at 1016 48th Terrace is $623,205.

What are some comparable homes to 1016 48th Terrace?

There are currently no comparable homes to 1016 48th Terrace.

Vero Beach South

32966

1016 48th Terrace

Sold on Sep 25, 2026

Map

$595,000

● House - Off Market

1016 48th Terrace

Vero Beach, FL 32966

3 Beds

2 Baths, 1 Half Bath

2,023 Ft²

$3,405

Est. Monthly

About This Property

Back on the market after a whole house re-pipe! Tucked away on nearly an acre in the heart of Vero this one of a kind courtyard pool home offers the perfect blend of privacy, character & convenience. Centered around a stunning screened courtyard w/ an inviting pool, the home embraces FL living at its finest w/ seamless indoor-outdoor spaces -maximum year-round enjoyment. The picturesque lake creates a peaceful backdrop for the expansive property. 2019 roof, 2024 AC, 2026 water heater. Minutes from shopping, dining, beaches. Full of warmth & charm! 3 Beds + an office, 2.5 Baths, 2 car Garage.

Unit Size

2,023 Ft²

Days on Market

81 days

Land Size

0.83 acres

Price per sqft

$296

Property Type

House

Property Taxes

$463

HOA Dues

Year Built

1978

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Last updated: 21 days ago (Indian River #298534)

Price History

Date / Event	Date	Event
Sep 25, 2026	Sold	Premium
Sold
Sep 6, 2026	In contract	-
In contract
Sep 1, 2026	Relisted	$599,000
Relisted
Aug 24, 2026	In contract	-
In contract
Aug 21, 2026	Relisted	$599,000
Relisted
Aug 8, 2026	In contract	-
In contract
Jul 27, 2026	Price Decreased	$599,000 ↓ $26K (4.2%)
Price Decreased
Jul 23, 2026	Listed by Keller Williams Realty of Vero	$625,000
Listed by Keller Williams Realty of Vero

	Back on the market after a whole house re-pipe and brand new water installation! Tucked away on nearly an acre in the heart of town this one of a kind courtyard pool home offers the perfect blend of privacy, character & convenience. Centered around a stunning screened courtyard w/ a sparkling pool, the home embraces FL living at its finest w/ seamless indoor-outdoor spaces for maximum year-round enjoyment. The picturesque lake creates a peaceful backdrop & the expansive property provides room to roam. 2019 roof. 2024 & 2017 AC's. Minutes from shopping, dining and beaches. Full of warmth & charm- this home is anything but ordinary. 3 Beds plus an office, 2 Baths, 2 car Garage.
Jul 6, 2026	Listed by Keller Williams Realty of VB	$625,000
Listed by Keller Williams Realty of VB
May 31, 2023	Sold	Premium
Sold
Aug 20, 2014	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1978

Effective Year Built: 1978
Building Count: 1
Total Rooms: 6
Bedroom Count: 0
Bathroom Count: 3
Full Bathrooms: 2
Partial Bathrooms: 3
Bathroom Plumbing Fixtures: 8
Building Condition: 0
Building Quality: 9
Construction Type: 17
Building Style: 25
Exterior Walls Type: 17
Interior Walls Type: 6
Roof Shape Type: 8
Roof Cover Type: 5
Floor Count: 100
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Parking Type: 6
Garage Type: 1
Garage Square Area: 644
Parking Space Count: 2
Patio Type: 55
Porch Type: 111
Pool Type: 8
Location Influence Type: 131

Dimensions

Lot Size Square Feet: 36,155

Lot Size Depth Feet: 1,563
Lot Size Frontage Feet: 2,308
Total Building Area: 2,667
Gross Building Area: 2,779
Building Area: 2,023
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 2,023
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: BANYAN ACRES
Land Acres: 0000000830
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 01
Legal Description 1: BANYAN ACRES LOT 4 PBI 9-31

Neighborhood

School District Name: Indian River County School District

Census Tract: 050702

Zoning

Zoning: RS-3

Geography

Parcel: 33-39-09-00012-0000-00004.0

Lot: 4
Meridian: SEC 09 TWN 33S RNG 39E
Municipality: UNINCORPORATED
Latitude: 27.6212
Longitude: -80.4358

Address

Full Address: 1016 48th Ter

Address - House Number: 1016
Address - Street Name: 48th
Address - Suffix Type: Ter
State: FL
City Name: Vero Beach
Carrier Code: C001
4-Digit Zip Code: 2851
Zip Code: 32966

Valuation

Tax

Total Area: 2,532

Tax Year: 2022
Tax Amount: $528,180
Tax Rate Code Area: 7

Appraisal Valuation

Standard Deviation: 0.203

Valuation Date: Jan 03, 2024
Confidence Score: 72
Final Value: 553,062
High Value: 665,384
Low Value: 440,741

Open Liens

Total Open Liens:

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Market Valuation

Market Total Value: $402,295

Market Land Value: $106,905
Market Improvement Value: $295,390

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $402,295
Assessed Land Value: $106,905
Assessed Improvements Value: $295,390

Sales

Current Sale Contract Date: May 30, 2023

Current Sale Recording Date: May 31, 2023
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 27181
Previous Sale Recording Date: Aug 20, 2014
Previous Sale Contract Date: Aug 14, 2014
Previous Sale Amount: $235,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

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Previous Mortgages

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Vero Beach South

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$215

Below Asking

0.02%

Average Days on Market

Average Home Size

1659 ft²

Average Home Age

35.6 years

Currently For Sale

194 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$2,000 /mo

2 Beds
2 Baths
1,284 ft²

1406 36th Avenue, Vero Beach, FL, 32960 Listing by Feliciano Higuera

Unit for rent at 1408 36th Avenue, Vero Beach, FL, 32960

$2,000 /mo

2 Beds
2 Baths
1,284 ft²

1408 36th Avenue #1408, Vero Beach, FL, 32960 Listing by Feliciano Higuera

Unit for rent at 2616 15th Street, Vero Beach, FL, 32960

$2,200 /mo

2 Beds
2 Baths
1,268 ft²

2616 15th Street, Vero Beach, FL, 32960 Listing by Colleen Jennings

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Ashley B Fletcher, Keller Williams Realty of VB
Last Updated: 21 days ago
Data Source: RAIRC, MLS# 298534

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.