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166 23RD AVENUE
About This Property
Nestled on the Vero mainland, this isn't just a house; it's a retreat designed for those who value character and room to breathe. While much of Florida feels crowded, this property offers a rare tropical paradise where mornings begin with rustling palms and evenings are spent entertaining under the stars.
A Home with Soul & Character
Step through the foyer and feel the warmth. Unlike modern builds that can feel cold and repetitive, this living space is anchored by a magnificent wood-burning stone fireplace-the ultimate centerpiece for cozy Florida winters. Look up to find natural wood plank ceilings and custom finishes that lend a rustic elegance you won't find in a standard subdivision.
Chef's Kitchen: A masterclass in detail featuring granite countertops, high-end stainless steel, and custom-lit cabinetry that illuminates the tumbled marble backsplash.
The Entertainer's Lanai: Slide back the doors to the heartbeat of the home. An enormous covered, screened lanai featuring a shimmering Diamond Brite pool-perfect for summer BBQs and year-round relaxation.
The Rarest Opportunity: A Double-Lot Estate
Perhaps the most incredible feature is the additional full-size buildable lot included with the home. In a market where privacy is the ultimate luxury, this adjacent land offers endless potential:
Ultimate Privacy: Maintain your sprawling, one-acre tropical estate.
Future Expansion: Perfect for a detached guest house, "mother-in-law" suite, or professional studio.
Savvy Investment: Build a second home to sell or hold the land for future appreciation.
Functional Luxury & Storage
This home is as practical as it is beautiful. The oversized master suite features three closets, while the 2.5-car garage and separate workshop provide ample space for boats, motorcycles, or a high-end hobby shop.
Property Quick-Facts:
Location: Mainland Vero Beach (10-15 mins to the beach-no high-rises, no rush!)
The Build: 3 Bed / 2 Bath | 1,520 Sq. Ft. of pure charm.
The Land: Includes a Second Buildable Lot.
Garage: 2.5 Car + Separate Workshop.
Key Features: Stone Fireplace, Wood Ceilings, Granite Kitchen, Screened Pool.
Don't settle for ordinary. Experience the true character of Vero Beach. ---
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 24, 2026 | Listed by TRUDEALS REALTY CORP | $469,000 | |
| Listed by TRUDEALS REALTY CORP | |||
| Mar 10, 2003 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017