When was property at 186 Ocean Way built and last sold?

The property at 186 Ocean Way was built in 1989 and last sold on Dec 29, 2005 for $1,072,500.

How much is this home worth?

The estimated value of the home located at 186 Ocean Way is $4,174,596.

What are some comparable homes to 186 Ocean Way?

There are currently no comparable homes to 186 Ocean Way.

South Beach

32963

186 Ocean Way

$3,755,000

● House - Off Market

186 Ocean Way

Vero Beach, FL 32963

3 Beds

3 Baths, 1 Half Bath

5,313 Ft²

$23,297

Est. Monthly

$227

HOA / Fees

-0.08%

Cap Rate

About This Property

Rare opportunity to redesign/build your new oceanfront estate in the family-friendly Seagrove community. With 136± ft direct ocean frontage. This 5,313± AC SF estate with 3-bed/3.5 baths offers both upstairs and downstairs living areas, crown molding throughout, lots of natural light through banks of windows, and an abundance of storage. This fabulous property provides the perfect canvas to create your dream coastal retreat. 24-hour guard access.

Unit Size

5,313 Ft²

Days on Market

407 days

Land Size

1.25 acres

Price per sqft

$791

Property Type

House

Property Taxes

$2,447

HOA Dues

$227

Year Built

1989

Payment Calculator

Cap Rate Calculator

Last updated: 11 months ago (Indian River #282681)

Price History

Date / Event	Date	Event
Dec 19, 2025	Sold	Premium
Sold
Nov 16, 2025	In contract	-
In contract
Nov 12, 2025	Price Decreased	$4,200,000 ↓ $600K (12.5%)
Price Decreased
Apr 4, 2025	Price Decreased	$4,800,000 ↓ $450K (8.6%)
Price Decreased
Jan 11, 2025	Price Decreased	$5,250,000 ↓ $700K (11.8%)
Price Decreased
Nov 7, 2024	Listed by One Sotheby's Int'l Realty	$5,950,000
Listed by One Sotheby's Int'l Realty
Dec 29, 2005	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1989

Effective Year Built: 1989
Building Count: 1
Total Rooms: 9
Bedroom Count: 4
Bathroom Count: 5
Full Bathrooms: 5
Partial Bathrooms: 5
Bathroom Plumbing Fixtures: 17
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: 13
Floor Count: 200
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Parking Type: 1
Garage Type: 1
Garage Square Area: 580
Parking Space Count: 2
Patio Type: 79
Porch Type: 102
Pool Type: 8
Location Influence Type: 132

Dimensions

Lot Size Square Feet: 54,450

Lot Size Depth Feet: 2,259
Lot Size Frontage Feet: 1,298
Total Building Area: 5,894
Gross Building Area: 5,894
Building Area: 5,314
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 5,314
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: SEAGROVE SOUTH SUB UNIT ONE
Land Acres: 0000001250
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 01
Legal Description 1: SEAGROVE SOUTH UNIT ONE BLK K LOT 3 PBI 11-45

Neighborhood

School District Name: Indian River County School District

Census Tract: 050508

Zoning

Zoning: RS-3

Geography

Parcel: 33-40-16-00012-0011-00003.0

Block: K
Lot: 3
Meridian: SEC 16 TWN 33S RNG 40E
Municipality: UNINCORPORATED
Latitude: 27.6054
Longitude: -80.3362

Address

Full Address: 186 Ocean Way

Legal Unit: ON
Address - House Number: 186
Address - Street Name: Ocean
Address - Suffix Type: Way
State: FL
City Name: Vero Beach
Carrier Code: R008
4-Digit Zip Code: 2717
Zip Code: 32963

Valuation

Tax

Total Area: 5,362

Tax Year: 2022
Tax Amount: $2,875,406
Tax Rate Code Area: 7

Appraisal Valuation

Standard Deviation: 0.1873

Valuation Date: Jan 03, 2024
Confidence Score: 75
Final Value: 3,456,365
High Value: 4,104,030
Low Value: 2,808,701

Market Valuation

Market Total Value: $3,203,420

Market Land Value: $2,074,196
Market Improvement Value: $1,129,224

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $2,078,783

Sales

Current Sale Contract Date: Dec 29, 2005

Current Sale Recording Date: Dec 29, 2005
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 1715179

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About South Beach

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$468

Below Asking

0.03%

Average Days on Market

Average Home Size

2794 ft²

Average Home Age

39.1 years

Currently For Sale

61 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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Listed by: Cindy J O'Dare, One Sotheby's Int'l Realty
Last Updated: 11 months ago
Data Source: RAIRC, MLS# 282681

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.

186 Ocean Way

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About South Beach

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions