When was property at 1485 Gracewood Lane built and last sold?

The property at 1485 Gracewood Lane was built in 1996 and last sold on Jun 5, 2012 for $950,000.

How much is this home worth?

The estimated value of the home located at 1485 Gracewood Lane is $2,726,783.

What are some comparable homes to 1485 Gracewood Lane?

There are currently no comparable homes to 1485 Gracewood Lane.

South Beach

32963

1485 Gracewood Lane

Map

$2,750,000

● House - In Contract

1485 Gracewood Lane

Vero Beach, FL 32963

3 Beds

4 Baths

3,237 Ft²

$14,978

Est. Monthly

$250

HOA / Fees

About This Property

Recently remodeled, this 3-bedroom, 4-full-bath residence on .52± acre lot features Acacia wood floors, custom wainscoting, coffered and tray ceilings, crown molding & a double-sided fireplace with Taj Mahal quartzite surround. The owner's suite offers a marble bath w/ soaking tub & steam room, plus a dedicated storm room. Impact windows & doors throughout the home. A private guest suite and separate cabana w/ kitchenette provide ideal accommodations. The backyard features a pool, firepit, herb garden & fully fenced yard. 60KW generator & deeded beach access.

Unit Size

3,237 Ft²

Days on Market

Land Size

0.52 acres

Price per sqft

$850

Property Type

House

Property Taxes

$1,225

HOA Dues

$250

Year Built

1996

Listed By

Cindy J O'Dare

[email protected]

One Sotheby's Int'l Realty

Richard Boga

[email protected]

One Sotheby's Int'l Realty

Payment Calculator

Cap Rate Calculator

Last updated: 24 days ago (Indian River #299913)

Price History

Date / Event	Date	Event
Sep 21, 2026	In contract	-
In contract
Sep 15, 2026	Listed by One Sotheby's Int'l Realty	$2,750,000
Listed by One Sotheby's Int'l Realty
Jun 13, 2012	Sold	Premium
Sold
Oct 10, 2011	Listed by One Sotheby's Int'l Realty	$995,000
Listed by One Sotheby's Int'l Realty
Sep 7, 2010	Sold	Premium
Sold

Property Highlights

Garage

Fireplace

Parking Details

Has Garage

Has Open Parking

Parking Features: Attached, Driveway, Garage, Paver Block

Garage Spaces: 2

Interior Details

Full Bathrooms: 4

Interior Features: Crown Molding, High Ceilings, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)

Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Flooring Type: Tile, Wood

Laundry Features: Laundry Room, LaundryTub

Rooms: 9

Has Fireplace

Fireplaces: 1

Exterior Details

Square Footage: 3237

Square Footage Source: $0

Security Features: Closed Circuit Camera(s), Gated Community

Architectural Style: OneStory

Year Built: 1996

Waterfront Features: Beach Access, None

Levels: One

Other Structures: Cabana

Construction Materials: Block, Concrete

Pool Features: Private, Salt Water, Pool

Pool is Private

Lot Features: HalfToOneAcreLot

Lot Size Area: 0.52

Lot Size Units: Acres

Lot Size Acres: 0.52

Lot Size Square Feet: 22651.2

Lot Size Dimensions: 115x197

Tax Lot: 3

Water Source: Public

Financial Details

Tax Assessed Value: $1,059,830

Tax Annual Amount: $14,694

Utilities Details

Cooling Type: Electric, OneUnit, ThreeOrMoreUnits

Heating Type: Electric, MultipleHeatingUnits

Sewer : Public Sewer

Location Details

HOA/Condo/Coop Fee Includes: CommonAreas

HOA/Condo/Coop Amenities: DuesPaidAnnually

HOA Fee: $250

HOA Fee Frequency: Monthly

Building Info

Overview

General

Year Built: 1996

Effective Year Built: 1996
Building Count: 1
Total Rooms: 9
Bedroom Count: 3
Bathroom Count: 4
Full Bathrooms: 4
Partial Bathrooms: 4
Bathroom Plumbing Fixtures: 13
Building Condition: 0
Building Quality: 1
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 8
Roof Cover Type: 5
Floor Count: 100
Living Units: 1
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Parking Type: 5
Garage Type: 1
Garage Square Area: 648
Parking Space Count: 2
Patio Type: 11
Porch Type: 102
Pool Type: 8
Location Influence Type: 131

Dimensions

Lot Size Square Feet: 22,651

Lot Size Depth Feet: 1,975
Lot Size Frontage Feet: 1,150
Total Building Area: 3,885
Gross Building Area: 3,885
Building Area: 3,237
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 3,237
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: GRACEWOOD LANE SUBDIVISION
Land Acres: 0000000520
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 01
Legal Description 1: GRACEWOOD LANE SUB LOT 3 PBI 14-24 & 24A

Neighborhood

School District Name: Indian River County School District

Census Tract: 050508

Zoning

Zoning: RS-3

Geography

Parcel: 33-40-16-00022-0000-00003.0

Lot: 3
Meridian: SEC 16 TWN 33S RNG 40E
Municipality: UNINCORPORATED
Latitude: 27.6104
Longitude: -80.3448

Address

Full Address: 1485 Gracewood Ln

Address - House Number: 1485
Address - Street Name: Gracewood
Address - Suffix Type: Ln
State: FL
City Name: Vero Beach
Carrier Code: R008
4-Digit Zip Code: 2680
Zip Code: 32963

Valuation

Tax

Total Area: 3,735

Tax Year: 2022
Tax Amount: $1,321,333
Tax Rate Code Area: 7

Appraisal Valuation

Standard Deviation: 0.207

Valuation Date: Jan 03, 2024
Confidence Score: 71
Final Value: 1,977,209
High Value: 2,386,678
Low Value: 1,567,739

Market Valuation

Market Total Value: $1,456,364

Market Land Value: $756,096
Market Improvement Value: $700,268

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $970,837

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Jun 05, 2012

Current Sale Recording Date: Jun 13, 2012
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2217317
Previous Sale Recording Date: Sep 07, 2010
Previous Sale Contract Date: Aug 31, 2010
Previous Sale Amount: $895,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Financing

First Mortgage Financing Type: FIX

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

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

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Comparables

About South Beach

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$468

Below Asking

0.03%

Average Days on Market

Average Home Size

2794 ft²

Average Home Age

39.1 years

Currently For Sale

61 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

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$4,700 /mo

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Rentals Near You

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Listed by: Cindy J O'Dare, One Sotheby's Int'l Realty
Last Updated: 24 days ago
Data Source: RAIRC, MLS# 299913

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.