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Vero Beach South 32968
124 SW 35th Square SW
$335,000
● House - Off Market

124 SW 35th Square SW

Vero Beach, FL 32968
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,755 Ft²
$2,142
Est. Monthly
$75
HOA / Fees
6.78%
Cap Rate

About This Property

Rare find in coveted Palm Isle community. CBS Move in Ready home with a NEW ROOF, New Exterior Paint, Freshly landscaped sitting on scenic community lake.  Home offers a  3 Bedroom, 2 Bath Split floor plan.  Tile & plank flooring throughout.  Owners suite features a garden tub & separate shower with 2 separate sinks.  Large screened in porch with views of the lake.  Cannot rent for the first 2 years.  Only 4 homes can be rented at any given time in community.
Unit Size
1,755 Ft²
Days on Market
44 days
Land Size
-
Price per sqft
$199
Property Type
House
Property Taxes
$348
HOA Dues
$75
Year Built
2001

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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 #286122)

Price History

Date / Event Date Event Price
Apr 21, 2025 Sold
Premium
Sold
Mar 17, 2025 In contract -
In contract
Mar 8, 2025 Listed by Suncoast Realty & Rental Mgmt $349,900
Listed by Suncoast Realty & Rental Mgmt
Aug 17, 2020 Sold
Premium
Sold
Dec 7, 2007 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,195
  • Gross Building Area: 2,195
  • Building Area: 1,755
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,755
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATERS EDGE PLAT ONE SUBDIVISION
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: WATERS EDGE PLAT ONE SUB LOT 33 PBI 15-85

Neighborhood

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

Zoning

  • Zoning: RS-6

Geography

  • Parcel: 33-39-22-00025-0000-00033.0
  • Lot: 33
  • Meridian: SEC 22 TWN 33S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.5998
  • Longitude: -80.4207

    Address

  • Full Address: 124 35th Sq Sw
  • Address - House Number: 124
  • Street Segment Direction: SW
  • Address - Street Name: 35th
  • Address - Suffix Type: Sq
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R011
  • 4-Digit Zip Code: 3100
  • Zip Code: 32968

Valuation

    Tax

  • Total Area: 2,036
  • Tax Year: 2022
  • Tax Amount: $360,753
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2037
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 411,769
  • High Value: 495,660
  • Low Value: 327,878

    Market Valuation

  • Market Total Value: $271,259
  • Market Land Value: $42,500
  • Market Improvement Value: $228,759

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $271,259
  • Assessed Land Value: $42,500
  • Assessed Improvements Value: $228,759

    Sales

  • Current Sale Contract Date: Aug 14, 2020
  • Current Sale Recording Date: Aug 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120200047765
  • Previous Sale Recording Date: Dec 07, 2007
  • Previous Sale Contract Date: Dec 06, 2007
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 40
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:

$339,450

Sale Price/ft²

$217

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1669 ft²

Average Home Age

35.7 years

Currently For Sale

158 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

Rentals Near You

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RAIRC

Listed by: Tammy S Ramey, Suncoast Realty & Rental Mgmt
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 286122
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 124 35th Square Southwest built and last sold?
The property at 124 35th Square Southwest was built in 2001 and last sold on Aug 14, 2020 for $268,000.
How much is this home worth?
The estimated value of the home located at 124 35th Square Southwest is $355,296.
What are some comparable homes to 124 35th Square Southwest?
There are currently no comparable homes to 124 35th Square Southwest.
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