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South Beach 32963
133 Devonwood Way
$190,000
● Land - Off Market

133 Devonwood Way

Vero Beach, FL 32963
bedrooms
Studio
bathrooms
0 Bath
$387,923
RealtyHop Estimate
94.94%
Since Jan 1, 2014
National-US
Primary Model

About This Property

East of A1A! Fabulous barrier island .51 acre homesite located on a cul de sac in the gated community of Ocean Ridge. Great location across from St. Edward's school. Community offers deeded beach access with dune walkover. Adjacent .35 acre homesite is also available.
Unit Size
-
Days on Market
57 days
Land Size
0.51 acres
Price per sqft
-
Property Type
Land
Property Taxes
$189
HOA Dues
$675
Year Built
2016

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: 11 months ago (Indian River #140880)

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Aug 26, 2021 Sold
Premium
Sold
Jun 7, 2021 Listed by Treasure Coast Sotheby's Intl $1,695,000
Listed by Treasure Coast Sotheby's Intl
Apr 9, 2018 Sold
Premium
Sold
Jul 31, 2017 Listed by Treasure Coast Sotheby's Intl $830,000
Listed by Treasure Coast Sotheby's Intl
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • 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: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 650
  • Parking Space Count: 2
  • Patio Type: 11
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 22,216
  • Lot Size Depth Feet: 1,475
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 3,610
  • Gross Building Area: 3,610
  • Building Area: 2,960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OCEANRIDGE SUBDIVISION
  • Land Acres: 0000000510
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 00
  • Legal Description 1: OCEANRIDGE SUBDIVISION LOT 27 PBI 10-78

Neighborhood

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

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-21-00013-0000-00027.0
  • Lot: 27
  • Meridian: SEC 21 TWN 33S RNG 40E
  • Municipality: UNINCORPORATED
  • Latitude: 27.5998
  • Longitude: -80.3355

    Address

  • Full Address: 133 Devonwood Way
  • Address - House Number: 133
  • Address - Street Name: Devonwood
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R008
  • 4-Digit Zip Code: 2727
  • Zip Code: 32963

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,065,249
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 2,210,674
  • High Value: 2,624,917
  • Low Value: 1,796,431

    Market Valuation

  • Market Total Value: $1,461,865
  • Market Land Value: $536,765
  • Market Improvement Value: $925,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,461,865
  • Assessed Land Value: $536,765
  • Assessed Improvements Value: $925,100

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210060973
  • Previous Sale Recording Date: Apr 09, 2018
  • Previous Sale Contract Date: Apr 03, 2018
  • Previous Sale Amount: $750,000
  • 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:

$985,000

Sale Price/ft²

$469

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2692 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 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: Mike Thorpe, Treasure Coast Sotheby's Intl
Last Updated: 11 months ago
Data Source: RAIRC, MLS# 140880
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 133 Devonwood Way built and last sold?
The property at 133 Devonwood Way was built in 2016 and last sold on Aug 20, 2021 for $1,645,000.
How much is this home worth?
The estimated value of the home located at 133 Devonwood Way is $0.
What are some comparable homes to 133 Devonwood Way?
There are currently no comparable homes to 133 Devonwood Way.
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