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Vero Beach South 32968
116 50th Avenue
$302,000
● House - Off Market

116 50th Avenue

Vero Beach, FL 32968
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$1,580
Est. Monthly
8.68%
Cap Rate

About This Property

Cute as can be in Stevens Park! Charming and move-in ready, beautifully maintained 3BR/2BA home is framed with durable Hardie board siding and sits on an impressive 50x178 lot. Inside, enjoy a light-filled layout with a darling kitchen, spacious living areas, and a wonderful Florida room perfect for relaxing, reading your favorite books or entertaining. The huge, private, fenced backyard offers a large swing set and plenty of space for gardening, pets, or play. Lovingly cared for and full of charm, near shopping, dining and only 20 mins to the beach! 2025 roof and no HOA! Sizs appx & sub2err
Unit Size
1,428 Ft²
Days on Market
51 days
Land Size
0.20 acres
Price per sqft
$217
Property Type
House
Property Taxes
$57
HOA Dues
-
Year Built
1990

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 #290328)

Price History

Date / Event Date Event Price
Oct 3, 2025 Sold
Premium
Sold
Aug 20, 2025 In contract -
In contract
Aug 13, 2025 Listed by Dale Sorensen Real Estate Inc. $310,000
Listed by Dale Sorensen Real Estate Inc.
Sep 14, 2006 Sold
Premium
Sold
May 18, 1998 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • 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: 264
  • Parking Space Count: 1
  • Patio Type: 92
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,780
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,512
  • Gross Building Area: 1,692
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STEVENS PARK UNIT NO 1
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: STEVENS PARK UNIT NO 1 BLK A LOT 11 PBI 4-53

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050706

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-39-16-00002-0001-00011.0
  • Block: A
  • Lot: 11
  • Meridian: SEC 16 TWN 33S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6042
  • Longitude: -80.4385

    Address

  • Full Address: 116 50th Ave
  • Legal Unit: NO
  • Address - House Number: 116
  • Address - Street Name: 50th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R030
  • 4-Digit Zip Code: 2303
  • Zip Code: 32968

Valuation

    Tax

  • Total Area: 1,472
  • Tax Year: 2022
  • Tax Amount: $64,410
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2096
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 297,790
  • High Value: 360,221
  • Low Value: 235,359

    Market Valuation

  • Market Total Value: $185,433
  • Market Land Value: $21,495
  • Market Improvement Value: $163,938

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,788

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 18, 2006
  • Current Sale Recording Date: Sep 14, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1783596
  • Previous Sale Recording Date: May 18, 1998
  • Previous Sale Contract Date: May 14, 1998
  • Previous Sale Amount: $71,000
  • 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 South

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$216

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1673 ft²

Average Home Age

35.4 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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RAIRC

Listed by: Jennifer Bailey, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 290328
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 116 50th Avenue built and last sold?
The property at 116 50th Avenue was built in 1990 and last sold on Aug 18, 2006 for $196,000.
How much is this home worth?
The estimated value of the home located at 116 50th Avenue is $0.
What are some comparable homes to 116 50th Avenue?
There are currently no comparable homes to 116 50th Avenue.
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