For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
South Beach 32963
185 Springline Drive
$2,900,000
● House - Off Market

185 Springline Drive

Vero Beach, FL 32963
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,798 Ft²
$19,544
Est. Monthly
$400
HOA / Fees
0.39%
Cap Rate

About This Property

Experience waterfront luxury in The Anchor. Completely renovated 4-bed, 3.5-bath home offers a private dock with direct Intracoastal access, pool, summer kitchen, and expansive living spaces. The chef's kitchen with Wolf appliances, custom cabinetry, spacious bedrooms, and elegant finishes throughout make this home a true retreat. Enjoy stunning water views and a prime location. Do not miss this opportunity to own a piece of paradise. Perfect for boating, fishing, or relaxing. Minutes from dining, shopping, and pristine beaches. Schedule your private tour today. Rmszapprox
Unit Size
3,798 Ft²
Days on Market
408 days
Land Size
-
Price per sqft
$882
Property Type
House
Property Taxes
$2,695
HOA Dues
$400
Year Built
1988

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #284892)

Price History

Date / Event Date Event Price
Mar 11, 2026 Sold
Premium
Sold
Jan 11, 2026 In contract -
In contract
Nov 1, 2025 Price Decreased $3,350,000
↓ $400K (10.7%)
Price Decreased
Sep 2, 2025 Price Decreased $3,750,000
↓ $245K (6.1%)
Price Decreased
May 15, 2025 Price Decreased $3,995,000
↓ $205K (4.9%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • 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: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 71

    Dimensions

  • Lot Size Square Feet: 14,375
  • Lot Size Depth Feet: 1,483
  • Lot Size Frontage Feet: 1,033
  • Total Building Area: 4,374
  • Gross Building Area: 4,374
  • Building Area: 3,798
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,798
  • 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: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: MOORINGS UNIT 5 THE ANCHOR LOT 85 PBI 9-98 TO 98D

Neighborhood

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

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-21-00008-0000-00085.0
  • Lot: 85
  • Meridian: SEC 21 TWN 33S RNG 40E
  • Municipality: UNINCORPORATED
  • Latitude: 27.5879
  • Longitude: -80.3394

    Address

  • Full Address: 185 Springline Dr
  • Legal Unit: 5
  • Address - House Number: 185
  • 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: 4,122
  • Tax Year: 2022
  • Tax Amount: $1,253,448
  • Tax Rate Code Area: 7U

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 2,291,864
  • High Value: 2,766,497
  • Low Value: 1,817,231

    Market Valuation

  • Market Total Value: $1,607,708
  • Market Land Value: $1,147,500
  • Market Improvement Value: $460,208

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $921,798

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 11, 2017
  • Current Sale Recording Date: Aug 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120170047103

    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 South Beach

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$471

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2708 ft²

Average Home Age

38.3 years

Currently For Sale

60 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

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Sally J Woods, Dale Sorensen Real Estate Inc.
Last Updated: 8 months ago
Data Source: RAIRC, MLS# 284892
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 185 Spring Line Drive built and last sold?
The property at 185 Spring Line Drive was built in 1988 and last sold on Aug 11, 2017 for $1,015,000.
How much is this home worth?
The estimated value of the home located at 185 Spring Line Drive is $0.
What are some comparable homes to 185 Spring Line Drive?
There are currently no comparable homes to 185 Spring Line Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Vero Beach Homes for Sale
Vero Beach Houses for Sale
Vero Beach Condos for Sale
Vero Beach Townhouses for Sale
Vero Beach Multifamily for Sale
Vero Beach Land for Sale
Vero Beach Commercial for Sale
Vero Beach Homes with Basements
Nearby Cities
Palm Bay Homes for Sale
Port St. Lucie Homes for Sale
Melbourne Homes for Sale
West Melbourne Homes for Sale
Sebastian Homes for Sale
Micco Homes for Sale
Fort Pierce Homes for Sale
Florida Ridge Homes for Sale
Nearby Property Records
Indian River County, FL Property Records
St. Lucie County, FL Property Records
Okeechobee County, FL Property Records
Martin County, FL Property Records
Brevard County, FL Property Records
Osceola County, FL Property Records
Highlands County, FL Property Records
Glades County, FL Property Records
Neighborhoods
Barefoot Bay Real Estate
Port Malabar Country Club Real Estate
South Beach Real Estate
The Reserve Real Estate
Indialantic by The Sea Real Estate
Bowe Gardens Real Estate
Aquarina Real Estate
Indian River Estates Real Estate
Nearby Counties
Palm Bay Homes for Sale
Melbourne Homes for Sale
Port St. Lucie Homes for Sale
Fort Pierce Homes for Sale
Malabar Homes for Sale
Fellsmere Homes for Sale
Hutchinson Island Homes for Sale
Melbourne Shores-Floridana Beach Homes for Sale
Top Real Estate Agents
Top Agents in Vero Beach
Top Agents in Palm Bay
Top Agents in Palm Bay
Top Agents in Melbourne
Top Agents in Port St. Lucie
Top Agents in Port St. Lucie
Top Agents in Melbourne
Top Agents in 32909