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South Beach 32963
1807 Pelican Way
$1,775,000
● House - Off Market

1807 Pelican Way

Vero Beach, FL 32963
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,694 Ft²
$10,293
Est. Monthly
$227
HOA / Fees
0.81%
Cap Rate

About This Property

Beautifully renovated four bedroom home offers modern elegance and stunning features. Soaring ceilings, open concept, light filled, with  impact windows and doors throughout. East of A1A! Custom kitchen with Caesarstone countertops and island designed for entertaining. Updated baths, custom millwork, and walk-in closets. Salt water pool and spa, large covered and screened patio. Just four houses from one of the best beaches in Florida and inside the 24/7 manned gated and gracious community of Seagrove, this home offers the Florida lifestyle you've been looking for.
Unit Size
2,694 Ft²
Days on Market
86 days
Land Size
0.31 acres
Price per sqft
$683
Property Type
House
Property Taxes
$1,035
HOA Dues
$227
Year Built
1989

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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 #282625)

Price History

Date / Event Date Event Price
Feb 7, 2025 Sold
Premium
Sold
Jan 8, 2025 In contract -
In contract
Nov 13, 2024 Listed by Berkshire Hathaway Florida $1,839,000
Listed by Berkshire Hathaway Florida
Jul 30, 2020 Sold
Premium
Sold
Jun 12, 2020 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 25
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 13,504
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,200
  • Gross Building Area: 3,200
  • Building Area: 2,694
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,694
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEAGROVE SOUTH SUB UNIT TWO
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: SEAGROVE SOUTH UNIT TWO BLK I LOT 5 PBI 11-51

Neighborhood

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

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-16-00013-0009-00005.0
  • Block: I
  • Lot: 5
  • Meridian: SEC 16 TWN 33S RNG 40E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6037
  • Longitude: -80.337

    Address

  • Full Address: 1807 Pelican Way
  • Legal Unit: TW
  • Address - House Number: 1807
  • Address - Street Name: Pelican
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R008
  • 4-Digit Zip Code: 2726
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 3,027
  • Tax Year: 2022
  • Tax Amount: $801,190
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 938,295
  • High Value: 1,114,116
  • Low Value: 762,474

    Market Valuation

  • Market Total Value: $560,678
  • Market Land Value: $391,000
  • Market Improvement Value: $169,678

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $560,678
  • Assessed Land Value: $391,000
  • Assessed Improvements Value: $169,678

    Sales

  • Current Sale Contract Date: Jul 23, 2020
  • Current Sale Recording Date: Jul 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120200043718
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

98

Average Home Size

2621 ft²

Average Home Age

39.9 years

Currently For Sale

64 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: Sherry Goff, Berkshire Hathaway Florida
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 282625
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 1807 Pelican Way built and last sold?
The property at 1807 Pelican Way was built in 1989 and last sold on Jul 23, 2020 for $535,000.
How much is this home worth?
The estimated value of the home located at 1807 Pelican Way is $0.
What are some comparable homes to 1807 Pelican Way?
There are currently no comparable homes to 1807 Pelican Way.
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