When was property at 116 Ocean Way built and last sold?

The property at 116 Ocean Way was built in 1988 and last sold on Feb 10, 2003 for $1,800,000.

How much is this home worth?

The estimated value of the home located at 116 Ocean Way is $5,369,297.

What are some comparable homes to 116 Ocean Way?

There are currently no comparable homes to 116 Ocean Way.

South Beach

32963

116 Ocean Way

Sold on Feb 20, 2026

Map

$4,750,000

● House - Off Market

116 Ocean Way

Vero Beach, FL 32963

4 Beds

3 Baths, 2 Half Baths

4,300 Ft²

$30,690

Est. Monthly

$245

HOA / Fees

-0.30%

Cap Rate

About This Property

Turnkey oceanfront estate in the prestigious guard-gated community of Seagrove. Renovated by Croom Construction in 2012 with lifetime raised aluminum roof, impact glass, and electric storm shutters. Featuring 120 ft of private beachfront, floor-to-ceiling windows, and an open concept layout ideal for entertaining. Two elegant primary suites and sunlit living spaces create a seamless indoor-outdoor flow. Minutes from Vero's upscale dining, boutique shopping, and cultural venues. A rare opportunity to own a refined coastal retreat in one of Vero Beach's most sought-after enclaves. Move-in ready and meticulously maintained, with lush tropical landscaping, generous outdoor living spaces, and timeless architectural charm.

Unit Size

4,300 Ft²

Days on Market

234 days

Land Size

Price per sqft

$1,255

Property Type

House

Property Taxes

$3,954

HOA Dues

$245

Year Built

1988

Payment Calculator

Cap Rate Calculator

Last updated: 5 months ago (Beaches MLS #F10509733)

Price History

Date / Event	Date	Event
Feb 20, 2026	Sold	Premium
Sold
Jan 17, 2026	In contract	-
In contract
Dec 4, 2025	Price Decreased	$5,395,000 ↓ $400K (6.9%)
Price Decreased
Aug 20, 2025	Relisted	$5,795,000
Relisted
Aug 9, 2025	In contract	-
In contract
Jul 1, 2025	Listed by Engel & Voelkers Vero Beach	$5,795,000
Listed by Engel & Voelkers Vero Beach
Jun 13, 2025	Listed by Engel & Voelkers Vero Beach	$5,795,000
Listed by Engel & Voelkers Vero Beach

	Coastal elegance meets tropical paradise at this stunning turnkey oceanfront retreat in sought-after, guard-gated Seagrove. With 120 feet of direct ocean frontage, this 2012 renovation by Croom Construction features an open floor plan flooded with natural sunlight, floor-to-ceiling windows, and seamless indoor-outdoor living. A true entertainer’s dream, this coastal oasis offers relaxed luxury on one of the most gorgeous stretches of beach in Vero Beach. Includes a lifetime Raised Aluminum Roof.
Feb 11, 2003	Sold	Premium
Sold
May 7, 1999	Sold	Premium
Sold

Property Highlights

Garage

Fireplace

Building Info

Overview

General

Year Built: 1988

Effective Year Built: 2000
Building Count: 1
Total Rooms: 7
Bedroom Count: 3
Bathroom Count: 4
Full Bathrooms: 4
Partial Bathrooms: 4
Bathroom Plumbing Fixtures: 17
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: 18
Floor Count: 200
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Parking Type: 1
Garage Type: 1
Garage Square Area: 650
Parking Space Count: 2
Patio Type: 79
Porch Type: 102
Pool Type: 8
Location Influence Type: 132

Dimensions

Lot Size Square Feet: 46,609

Lot Size Depth Feet: 1,982
Lot Size Frontage Feet: 1,209
Total Building Area: 4,573
Gross Building Area: 4,573
Building Area: 3,923
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 3,923
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: SEAGROVE SOUTH SUB UNIT TWO
Land Acres: 0000001070
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 01
Legal Description 1: SEAGROVE SOUTH SUBDIVISION UNIT TWO BLK K LOT 10 PBI 11 - 51

Neighborhood

School District Name: Indian River County School District

Census Tract: 050508

Zoning

Zoning: RS-3

Geography

Parcel: 33-40-16-00013-0011-00010.0

Block: K
Lot: 10
Meridian: SEC 16 TWN 33S RNG 40E
Municipality: UNINCORPORATED
Latitude: 27.6034
Longitude: -80.3348

Address

Full Address: 116 Ocean Way

Legal Unit: TW
Address - House Number: 116
Address - Street Name: Ocean
Address - Suffix Type: Way
State: FL
City Name: Vero Beach
Carrier Code: R008
4-Digit Zip Code: 2717
Zip Code: 32963

Valuation

Tax

Total Area: 3,919

Tax Year: 2022
Tax Amount: $4,190,076
Tax Rate Code Area: 7

Appraisal Valuation

Standard Deviation: 0.1991

Valuation Date: Apr 03, 2024
Confidence Score: 73
Final Value: 3,805,694
High Value: 4,563,631
Low Value: 3,047,758

Market Valuation

Market Total Value: $2,985,669

Market Land Value: $1,754,402
Market Improvement Value: $1,231,267

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $2,985,669
Assessed Land Value: $1,754,402
Assessed Improvements Value: $1,231,267

Sales

Current Sale Contract Date: Feb 10, 2003

Current Sale Recording Date: Feb 11, 2003
Current Sale Price:

Premium
Current Sale Document Type: 71
Previous Sale Recording Date: May 07, 1999
Previous Sale Contract Date: Apr 30, 1999
Previous Sale Amount: $940,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium

Financing

First Mortgage Financing Type: VAR

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

Request mortgage information redaction

Comparables

About South Beach

Stats & Trends

Median Asking:

$962,000

Sale Price/ft²

$469

Below Asking

0.03%

Average Days on Market

101

Average Home Size

2704 ft²

Average Home Age

40 years

Currently For Sale

62 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 900 Jasmine Lane, Vero Beach, FL, 32963

$3,000 /mo

2 Beds
2 Baths
1,130 ft²

900 Jasmine Lane #9A, Vero Beach, FL, 32963 Listing by Deryl L Seemayer

Unit for rent at 2155 Galleon Drive, Vero Beach, FL, 32963

$2,995 /mo

2 Beds
2 Baths
1,475 ft²

2155 Galleon Drive #E4, Vero Beach, FL, 32963 Listing by Tamsin Brosche

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Stacia A Zielinski
Engel & Voelkers Vero Beach
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# F10509733

All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.