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Vero Beach 32963
1113 Poitras Drive
$1,250,000
● House - Off Market

1113 Poitras Drive

Vero Beach, FL 32963
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,488 Ft²
$7,129
Est. Monthly
$255
HOA / Fees
1.41%
Cap Rate

About This Property

Dream home in Castaway Cove! Located on an oversized .30 acre lot, this beautifully updated 3-bed/3-bath home also includes a private office. Wood floors throughout, marble & quartz kitchen & bath counters, updated primary suite, new (2022) impact windows & doors, 2024 AC, 2023 water heater & irrigation pump, 2021 washer/dryer. The fully fenced backyard is a true FL oasis featuring a saltwater pool w/ new heater, resurfacing, & tile (2021) surrounded by a new (2021) travertine deck, turf grass, & putting green. 2-car garage w/ new garage doors, new door track, motor, hardware  & epoxy floors.
Unit Size
2,488 Ft²
Days on Market
86 days
Land Size
0.30 acres
Price per sqft
$502
Property Type
House
Property Taxes
$736
HOA Dues
$255
Year Built
1999

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (Indian River #288645)

Price History

Date / Event Date Event Price
Aug 29, 2025 Sold
Premium
Sold
Jun 12, 2025 In contract -
In contract
Jun 4, 2025 Listed by One Sotheby's Int'l Realty $1,250,000
Listed by One Sotheby's Int'l Realty
Mar 10, 2021 Sold
Premium
Sold
Jun 29, 1998 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 25
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 5
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,173
  • Lot Size Frontage Feet: 1,062
  • Total Building Area: 3,064
  • Gross Building Area: 3,064
  • Building Area: 2,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,488
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASTAWAY COVE WAVE FOUR
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: CASTAWAY COVE WAVE FOUR LOT 39 PBI 10-91

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050508

Zoning

  • Zoning: R-1A

Geography

  • Parcel: 33-40-08-00008-0000-00039.0
  • Lot: 39
  • Meridian: SEC 08 TWN 33S RNG 40E
  • Municipality: CITY OF VERO BEACH
  • Latitude: 27.6222
  • Longitude: -80.3529

    Address

  • Full Address: 1113 Poitras Dr
  • Address - House Number: 1113
  • Address - Street Name: Poitras
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: C002
  • 4-Digit Zip Code: 2462
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 2,441
  • Tax Year: 2022
  • Tax Amount: $809,781
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 992,990
  • High Value: 1,198,633
  • Low Value: 787,347

    Market Valuation

  • Market Total Value: $550,481
  • Market Land Value: $268,745
  • Market Improvement Value: $281,736

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $550,481
  • Assessed Land Value: $268,745
  • Assessed Improvements Value: $281,736

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 03, 2021
  • Current Sale Recording Date: Mar 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210016674
  • Previous Sale Recording Date: Jun 29, 1998
  • Previous Sale Contract Date: Jun 22, 1998
  • Previous Sale Amount: $83,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Vero Beach

Stats & Trends

Median Asking:

$499,700

Sale Price/ft²

$333

Below Asking

0.04%

Average Days on Market

96

Average Home Size

1983 ft²

Average Home Age

47.5 years

Currently For Sale

181 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

Unit for rent at 1845 Robalo Drive, Vero Beach, FL, 32960

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
1845 Robalo Drive #205, Vero Beach, FL, 32960 Listing by Jeremy Trumble
Unit for rent at 1935 Cobia Drive, Vero Beach, FL, 32960

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
1935 Cobia Drive #103E, Vero Beach, FL, 32960 Listing by Bradley Milliken

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Kristin Dobson, One Sotheby's Int'l Realty
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 288645
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.

Frequently Asked Questions

When was property at 1113 Poitras Drive built and last sold?
The property at 1113 Poitras Drive was built in 1999 and last sold on Mar 3, 2021 for $640,000.
How much is this home worth?
The estimated value of the home located at 1113 Poitras Drive is $1,258,597.
What are some comparable homes to 1113 Poitras Drive?
There are currently no comparable homes to 1113 Poitras Drive.
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