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Orchid 32963
161 Seaspray Lane
$4,900,000
● House - Off Market

161 Seaspray Lane

Vero Beach, FL 32963
bedrooms
4 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
6,230 Ft²
$30,977
Est. Monthly
$480
HOA / Fees
-0.20%
Cap Rate

About This Property

Elegant 2-story golf estate located in the Orchid Island Golf & Beach Community. Offered fully furnished/turn key, this stunning home is a perfect blend of luxury & functionality, featuring 4 spacious bedrooms & a private den/library in an ideal setting for both relaxation & entertaining. The chef's kitchen is a culinary dream with a gas cooktop, wood island, & top-of-the-line finishes. Fabulous A/C wine room. Step outside to a fabulous outdoor entertainment area, complete with an expansive pool and spa, where you can enjoy breathtaking views of the 7th fairway. Sizes approx./subject to error.
Unit Size
6,230 Ft²
Days on Market
112 days
Land Size
-
Price per sqft
$907
Property Type
House
Property Taxes
$2,754
HOA Dues
$480
Year Built
2009

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #283312)

Price History

Date / Event Date Event Price
Feb 28, 2025 Sold
Premium
Sold
Jan 7, 2025 In contract -
In contract
Nov 8, 2024 Listed by Dale Sorensen Real Estate Inc. $5,650,000
Listed by Dale Sorensen Real Estate Inc.
Mar 15, 2019 Sold
Premium
Sold
Jun 7, 2011 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 1,383
  • Parking Space Count: 2
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 101

    Dimensions

  • Lot Size Square Feet: 31,799
  • Lot Size Depth Feet: 2,445
  • Lot Size Frontage Feet: 1,304
  • Total Building Area: 7,879
  • Gross Building Area: 7,879
  • Building Area: 6,496
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 6,496
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORCHID ISLAND PLAT 1
  • Land Acres: 0000000730
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: ORCHID ISLAND PLAT 1 LOT 46 PBI 13-8

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050506

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 31-39-22-00001-0000-00046.0
  • Lot: 46
  • Meridian: SEC 22 TWN 31S RNG 39E
  • Municipality: TOWN OF ORCHID
  • Latitude: 27.7732
  • Longitude: -80.4077

    Address

  • Full Address: 161 Seaspray Ln
  • Address - House Number: 161
  • Address - Street Name: Seaspray
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R024
  • 4-Digit Zip Code: 9510
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 7,599
  • Tax Year: 2022
  • Tax Amount: $3,169,462
  • Tax Rate Code Area: 9

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 3,989,525
  • High Value: 4,737,095
  • Low Value: 3,241,955

    Market Valuation

  • Market Total Value: $2,653,261
  • Market Land Value: $548,490
  • Market Improvement Value: $2,104,771

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,284,174

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 15, 2019
  • Current Sale Recording Date: Mar 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120190015568
  • Previous Sale Recording Date: Jun 07, 2011
  • Previous Sale Contract Date: Mar 31, 2011
  • Previous Sale Amount: $1,560,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Orchid

Stats & Trends

Median Asking:

$3,995,000

Sale Price/ft²

$997

Below Asking

0.01%

Average Days on Market

103

Average Home Size

5250 ft²

Average Home Age

25 years

Currently For Sale

6 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

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RAIRC

Listed by: Matilde G Sorensen, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 283312
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 161 Seaspray Lane built and last sold?
The property at 161 Seaspray Lane was built in 2009 and last sold on Mar 15, 2019 for $2,525,000.
How much is this home worth?
The estimated value of the home located at 161 Seaspray Lane is $0.
What are some comparable homes to 161 Seaspray Lane?
There are currently no comparable homes to 161 Seaspray Lane.
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