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South Beach 32963
183 Springline Drive
$4,040,150
● House - Off Market

183 Springline Drive

Vero Beach, FL 32963
bedrooms
6 Beds
bathrooms
6 Baths, 2 Half Baths
square feet
6,318 Ft²
$27,261
Est. Monthly
$400
HOA / Fees
-0.23%
Cap Rate

About This Property

Live the Florida dream! Phenomenal waterfront property in "The Anchor" - highly sought after gated neighborhood within The Moorings community. This custom 6 bedroom + office/gym home with fine finishes has everything you could possibly want, including large waterfall pool, outdoor riverfront entertaining space, private dock/lift with deep water / intracoastal access. Unique opportunity to skip the waiting list & acquire a Moorings Membership; the luxury yacht & country club featuring dining, fitness, spa, golf, tennis & pickleball. Private deeded beach access too! Sizes approx/subj to error.
Unit Size
6,318 Ft²
Days on Market
255 days
Land Size
-
Price per sqft
$711
Property Type
House
Property Taxes
$4,789
HOA Dues
$400
Year Built
2008

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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: 8 months ago (Indian River #288763)

Price History

Date / Event Date Event Price
Feb 20, 2026 Sold
Premium
Sold
Feb 10, 2026 In contract -
In contract
Dec 11, 2025 Relisted $4,495,000
Relisted
Nov 26, 2025 In contract -
In contract
Nov 22, 2025 Price Decreased $4,495,000
↓ $1M (18.2%)
Price Decreased
Show More

Property Highlights

Elevator
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 21
  • 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: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 840
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 71

    Dimensions

  • Lot Size Square Feet: 16,988
  • Lot Size Depth Feet: 1,666
  • Lot Size Frontage Feet: 979
  • Total Building Area: 7,156
  • Gross Building Area: 7,156
  • Building Area: 6,316
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 6,316
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE MOORINGS UNIT 5 THE ANCHOR
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: MOORINGS UNIT 5 THE ANCHOR LOT 83 PBI 9-98 TO 98D

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050509

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-21-00008-0000-00083.0
  • Lot: 83
  • Meridian: SEC 21 TWN 33S RNG 40E
  • Municipality: UNINCORPORATED
  • Latitude: 27.5879
  • Longitude: -80.34

    Address

  • Full Address: 183 Springline Dr
  • Legal Unit: 5
  • Address - House Number: 183
  • Address - Street Name: Springline
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R014
  • 4-Digit Zip Code: 2940
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 6,666
  • Tax Year: 2022
  • Tax Amount: $4,533,179
  • Tax Rate Code Area: 7U

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 4,780,140
  • High Value: 5,770,081
  • Low Value: 3,790,199

    Market Valuation

  • Market Total Value: $3,534,414
  • Market Land Value: $1,147,500
  • Market Improvement Value: $2,386,914

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,534,414
  • Assessed Land Value: $1,147,500
  • Assessed Improvements Value: $2,386,914

    Sales

  • Current Sale Contract Date: Aug 29, 2013
  • Current Sale Recording Date: Aug 30, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120130056725
  • Previous Sale Recording Date: Jan 14, 2011
  • Previous Sale Contract Date: Jan 13, 2011
  • Previous Sale Amount: $1,750,000
  • Previous Sale Document Type: 68
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:

$975,000

Sale Price/ft²

$471

Below Asking

0.03%

Average Days on Market

101

Average Home Size

2704 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 2066 5th Court Se, Vero Beach, FL, 32962

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,815 ft²
2066 5th Court Se, Vero Beach, FL, 32962 Listing by Shannon Walsh

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Cathy Curley, Dale Sorensen Real Estate Inc.
Last Updated: 8 months ago
Data Source: RAIRC, MLS# 288763
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 183 Spring Line Drive built and last sold?
The property at 183 Spring Line Drive was built in 2008 and last sold on Aug 29, 2013 for $2,487,500.
How much is this home worth?
The estimated value of the home located at 183 Spring Line Drive is $0.
What are some comparable homes to 183 Spring Line Drive?
There are currently no comparable homes to 183 Spring Line Drive.
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