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South Beach 32963
1145 Bounty Boulevard
$757,500
● House - Off Market

1145 Bounty Boulevard

Vero Beach, FL 32963
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,198 Ft²
$4,340
Est. Monthly
$104
HOA / Fees
3.79%
Cap Rate

About This Property

Wonderful 3 bedroom / 3.5 bath home in Castaway Cove.  Enter into the expansive great room featuring a vaulted ceiling and wood burning fireplace. Beautifully updated kitchen, new air conditioner, side entry garage, and room for a pool are just some of the features of this home. Granted Beach Access. Private Castaway Wave 2 access to the Indian River Lagoon are perfect for sailing or kayaking. Gated neighborhood.
Unit Size
2,198 Ft²
Days on Market
148 days
Land Size
0.28 acres
Price per sqft
$364
Property Type
House
Property Taxes
$312
HOA Dues
$104
Year Built
1981

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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 #282735)

Price History

Date / Event Date Event Price
Apr 4, 2025 Sold
Premium
Sold
Mar 1, 2025 In contract -
In contract
Feb 18, 2025 Price Decreased $799,000
↓ $76K (8.7%)
Price Decreased
Nov 7, 2024 Listed by Berkshire Hathaway Florida $875,000
Listed by Berkshire Hathaway Florida
Nov 30, 2011 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 25
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 550
  • Parking Space Count: 2
  • Patio Type: 92
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,748
  • Gross Building Area: 2,988
  • Building Area: 2,198
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,198
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASTAWAY COVE WAVE TWO
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: CASTAWAY COVE WAVE TWO LOT 6 PBI 10-44

Neighborhood

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

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-08-00004-0000-00006.0
  • Lot: 6
  • Meridian: SEC 08 TWN 33S RNG 40E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6158
  • Longitude: -80.3505

    Address

  • Full Address: 1145 Bounty Blvd
  • Address - House Number: 1145
  • Address - Street Name: Bounty
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R018
  • 4-Digit Zip Code: 2554
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 2,590
  • Tax Year: 2022
  • Tax Amount: $364,565
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 837,529
  • High Value: 994,468
  • Low Value: 680,590

    Market Valuation

  • Market Total Value: $497,013
  • Market Land Value: $255,680
  • Market Improvement Value: $241,333

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $288,728

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 16, 2011
  • Current Sale Recording Date: Nov 30, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2177325
  • Previous Sale Recording Date: Apr 06, 2004
  • Previous Sale Contract Date: Mar 31, 2004
  • Previous Sale Amount: $375,000
  • 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 South Beach

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$468

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2794 ft²

Average Home Age

39.1 years

Currently For Sale

61 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 2704 Cardinal Drive, Vero Beach, FL, 32963

$2,825 /mo

  • 2 Beds
  • 1 Bath
  • 1,480 ft²
2704 Cardinal Drive, Vero Beach, FL, 32963 Listing by Juan Carlos Echavez

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Andrew K Harper, Berkshire Hathaway Florida
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 282735
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 1145 Bounty Boulevard built and last sold?
The property at 1145 Bounty Boulevard was built in 1981 and last sold on Nov 16, 2011 for $302,500.
How much is this home worth?
The estimated value of the home located at 1145 Bounty Boulevard is $0.
What are some comparable homes to 1145 Bounty Boulevard?
There are currently no comparable homes to 1145 Bounty Boulevard.
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