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South Beach 32963
127 Springline Drive
$5,700,000
● House - Off Market

127 Springline Drive

Vero Beach, FL 32963
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
5,179 Ft²
$32,026
Est. Monthly
$400
HOA / Fees
0.16%
Cap Rate

About This Property

Exquisitely designed and decorated 2019 West Indies inspired custom build by Beachland Homes and Page 2 Design exudes luxury and fine architectural details throughout. With over 5100 sq.ft., 5BR, 5.5baths, two offices and two living areas, this rare waterfront residence has a long list of elegant appointments and a versatile floor plan perfect for entertaining, including a summer kitchen and sunset balcony. A 2018 seawall and dock provides a cleaning station, 20,000# lift and easy access to the ICW. Enjoy a resort lifestyle in this beautiful gated community with private beach access. Must see!
Unit Size
5,179 Ft²
Days on Market
99 days
Land Size
0.41 acres
Price per sqft
$1,158
Property Type
House
Property Taxes
$2,189
HOA Dues
$400
Year Built
2019

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 #284621)

Price History

Date / Event Date Event Price
Apr 30, 2025 Sold
Premium
Sold
Feb 3, 2025 In contract -
In contract
Jan 21, 2025 Listed by One Sotheby's Int'l Realty $5,995,000
Listed by One Sotheby's Int'l Realty
Oct 16, 2017 Sold
Premium
Sold
Jan 27, 2005 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 20
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 800
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 71

    Dimensions

  • Lot Size Square Feet: 17,860
  • Lot Size Depth Feet: 1,655
  • Lot Size Frontage Feet: 993
  • Total Building Area: 5,979
  • Gross Building Area: 5,979
  • Building Area: 5,179
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 5,179
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE MOORINGS UNIT 5 THE ANCHOR
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 07
  • Legal Description 1: MOORINGS UNIT 5 THE ANCHOR LOT 27 PBI 9-98 TO 98D

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050509

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-21-00008-0000-00027.0
  • Lot: 27
  • Meridian: SEC 21 TWN 33S RNG 40E
  • Municipality: UNINCORPORATED
  • Latitude: 27.5894
  • Longitude: -80.342

    Address

  • Full Address: 127 Springline Dr
  • Legal Unit: 5
  • Address - House Number: 127
  • Address - Street Name: Springline
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R014
  • 4-Digit Zip Code: 2906
  • Zip Code: 32963

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,459,589
  • Tax Rate Code Area: 7U

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 3,956,410
  • High Value: 4,775,761
  • Low Value: 3,137,059

    Market Valuation

  • Market Total Value: $2,890,833
  • Market Land Value: $1,147,500
  • Market Improvement Value: $1,743,333

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,781,693

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 16, 2017
  • Current Sale Recording Date: Oct 16, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120170059546
  • Previous Sale Recording Date: Jan 27, 2005
  • Previous Sale Contract Date: Jan 18, 2005
  • Previous Sale Amount: $1,258,000
  • 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

$471

Below Asking

0.03%

Average Days on Market

106

Average Home Size

2728 ft²

Average Home Age

39.2 years

Currently For Sale

59 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 1815 Mooringline Drive, Vero Beach, FL, 32963

$3,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,880 ft²
1815 Mooringline Drive #2E, Vero Beach, FL, 32963 Listing by Abigail Vollmann

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Karen M Smith, One Sotheby's Int'l Realty
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 284621
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 127 Spring Line Drive built and last sold?
The property at 127 Spring Line Drive was built in 2019 and last sold on Oct 16, 2017 for $950,000.
How much is this home worth?
The estimated value of the home located at 127 Spring Line Drive is $6,054,950.
What are some comparable homes to 127 Spring Line Drive?
There are currently no comparable homes to 127 Spring Line Drive.
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