When was property at 1916 Ocean Drive built and last sold?

The property at 1916 Ocean Drive was built in 1982 and last sold on Jan 18, 2023 for $9,700,000.

How much is this home worth?

The estimated value of the home located at 1916 Ocean Drive is $18,180,000.

What are some comparable homes to 1916 Ocean Drive?

There are currently no comparable homes to 1916 Ocean Drive.

Vero Beach

32963

1916 Ocean Drive

Map

$18,000,000

↑ $3M (20%)

● House - For Sale

1916 Ocean Drive

Vero Beach, FL 32963

6 Beds

7 Baths, 1 Half Bath

5,219 Ft²

$100,838

Est. Monthly

About This Property

Rare offering within Old Riomar, this expansive oceanfront home spans nearly 2.5 acres with 150± feet along a naturally widening shoreline and private dune crossover to the beach. The single-level residence has been thoughtfully updated and includes six bedrooms, highlighted by a 1/1 guest cottage for added flexibility. Interior spaces open toward sweeping Atlantic vistas, while outdoor living centers around a newly refreshed pool deck. One of the most substantial oceanfront parcels in Old Riomar, positioned moments from Beachside shops & dining. Sizes approx./subj. to error.

Unit Size

5,219 Ft²

Days on Market

134 days

Land Size

2.44 acres

Price per sqft

$3,449

Property Type

House

Property Taxes

$12,454

HOA Dues

Year Built

1982

Listed By

Matilde Sorensen

[email protected]

Dale Sorensen Real Estate Inc.

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (Indian River #297564)

Price History

Date / Event	Date	Event
Jun 30, 2026	Price Increased	$18,000,000 ↑ $3M (20%)
Price Increased
May 22, 2026	Listed by Dale Sorensen Real Estate Inc.	$15,000,000
Listed by Dale Sorensen Real Estate Inc.
Mar 12, 2026	Withdrawn	-
Withdrawn
Oct 24, 2025	Listed by Douglas Elliman Florida LLC	$15,000,000
Listed by Douglas Elliman Florida LLC

	Generational opportunity to purchase one of the largest oceanfront Old Riomar estate lots on nearly 2.5 acres with 150’ of oceanfront, accreting beach, and private dune walkover. Renovated 5,200± SF single-story home offers 6BR, including a 1BR/1BA guest cottage: gourmet kitchen, updated baths, and a 50’x20’ pool with new deck. One of only 3 Old Riomar properties with 150’ frontage. Panoramic Atlantic views with walkable access to cafés, dining, and shops.
Oct 15, 2025	Withdrawn	-
Withdrawn
Sep 9, 2025	Listed by Douglas Elliman Florida LLC	$15,000,000
Listed by Douglas Elliman Florida LLC

	Legacy Old Riomar estate on nearly 2.5 acres with 150’ of oceanfront, accreting beach, and private dune walkover. Renovated 5,200± SF single-story home offers 6BR, including a 1BR/1BA guest cottage: gourmet kitchen, updated baths, and a 50’x20’ pool with new deck. Rare chance—enjoy it now or rebuild your dream estate. One of only 3 Old Riomar properties with 150’ frontage. Panoramic Atlantic views with walkable access to cafés, dining, and shops. Sizes approx./subject to error.
Dec 23, 2023	No longer available	-
No longer available
Dec 22, 2023	Price Increased	$18,500,000 ↑ $2M (8.8%)
Price Increased
Aug 22, 2023	Relisted	$17,000,000
Relisted
Apr 17, 2023	No longer available	-
No longer available
Feb 21, 2023	Listed by Douglas Elliman Florida LLC	$15,000,000
Listed by Douglas Elliman Florida LLC

	Showcasing unobstructed coastal views and seaside ambiance in the prestigious oceanfront enclave of Old Riomar.Exceptional opportunity to own (1) of only (8) properties on the accreting beach in Riomar and (1) of only (3) widerthan 100'. Spanning 150' of the pristine Atlantic coast, one could spend years indulging in the endless ocean scenes andnever experience the same day twice. The manager has listed the unit size as 5219 square feet.
Jan 19, 2023	Sold	Premium
Sold
Jan 5, 1998	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Parking Details

Has Garage

Parking Features: Attached, ThreeCarGarage, ThreeOrMoreSpaces

Garage Spaces: 3

Interior Details

Half Bathrooms: 1

Full Bathrooms: 7

Interior Features: Crown Molding, High Ceilings, Kitchen Island, Walk-In Closet(s)

Appliances: Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer

Flooring Type: Marble

Laundry Features: Laundry Room

Rooms: 12

Has Fireplace

Fireplaces: 2

Exterior Details

Square Footage: 5219

Square Footage Source: $0

Architectural Style: OneStory

Year Built: 1982

Waterfront Features: Ocean Access, Ocean Front

Levels: One

Other Structures: Cabana

Construction Materials: Block, Concrete

Patio and Porch Features: Deck, Patio

Pool Features: Other, Private, FreeForm, Pool

Pool is Private

Lot Features: OneToThreeAcres

Lot Size Area: 2.44

Lot Size Units: Acres

Lot Size Acres: 2.44

Lot Size Square Feet: 106286.4

Lot Size Dimensions: 150x269

Tax Lot: 14

Water Source: Public

Financial Details

Tax Assessed Value: $9,378,559

Tax Annual Amount: $149,450

Utilities Details

Cooling Type: Central Air, Electric, ThreeOrMoreUnits

Heating Type: Central, Electric

Sewer : Septic Tank

Building Info

Overview

General

Year Built: 1982

Effective Year Built: 1982
Building Count: 2
Total Rooms: 12
Bedroom Count: 6
Bathroom Count: 7
Full Bathrooms: 7
Partial Bathrooms: 7
Bathroom Plumbing Fixtures: 22
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: 9
Garage Type: 1
Garage Square Area: 1,530
Parking Space Count: 3
Patio Type: 79
Porch Type: 36
Pool Type: 8
Location Influence Type: 132

Dimensions

Lot Size Square Feet: 40,511

Lot Size Depth Feet: 2,690
Lot Size Frontage Feet: 1,500
Total Building Area: 7,029
Gross Building Area: 7,029
Building Area: 5,499
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 5,499
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: RIOMAR SUBDIVISION PLAT NO 4
Land Acres: 0000000930
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 01
Legal Description 1: RIOMAR SUB PLAT 4 BLK 7 S 1/2 OF LOT 14 & ALL LOT 15 PBI 3-3

Neighborhood

School District Name: Indian River County School District

Census Tract: 050504

Zoning

Zoning: R-1AA

Geography

Parcel: 33-40-05-00003-0070-00014.0

Block: 7
Lot: 15
Meridian: SEC 05 TWN 33S RNG 40E
Municipality: CITY OF VERO BEACH
Latitude: 27.6357
Longitude: -80.3523

Address

Full Address: 1916 Ocean Dr

Address - House Number: 1916
Address - Street Name: Ocean
Address - Suffix Type: Dr
State: FL
City Name: Vero Beach
Carrier Code: C016
4-Digit Zip Code: 2112
Zip Code: 32963

Valuation

Tax

Tax Year: 2022

Tax Amount: $3,203,755
Tax Rate Code Area: 8

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium

Market Valuation

Market Total Value: $5,864,142

Market Land Value: $4,492,463
Market Improvement Value: $1,371,679

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $2,078,420

Sales

Current Sale Contract Date: Jan 18, 2023

Current Sale Recording Date: Jan 19, 2023
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2607
Previous Sale Recording Date: Jan 05, 1998
Previous Sale Contract Date: Dec 31, 1997
Previous Sale Amount: $1,400,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium

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

Request mortgage information redaction

Comparables

About Vero Beach

Stats & Trends

Median Asking:

$499,700

Sale Price/ft²

$334

Below Asking

0.04%

Average Days on Market

Average Home Size

1935 ft²

Average Home Age

47.6 years

Currently For Sale

207 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 2800 Indian River Boulevard, Vero Beach, FL, 32960

$1,800 /mo

2 Beds
2 Baths
1,000 ft²

2800 Indian River Boulevard #4R, Vero Beach, FL, 32960 Listing by Heliane Stabel

Unit for rent at 626 Honeysuckle Lane, Vero Beach, FL, 32963

$4,950 /mo

3 Beds
2 Baths
1,594 ft²

626 Honeysuckle Lane, Vero Beach, FL, 32963 Listing by Carolyn E Mac Evoy

Unit for rent at 515 Cypress Road, Vero Beach, FL, 32963

$2,900 /mo

2 Beds
2 Baths
1,440 ft²

515 Cypress Road, Vero Beach, FL, 32963 Listing by Lorena K Santoro

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Matilde G Sorensen, Dale Sorensen Real Estate Inc.
Last Updated: 4 months ago
Data Source: RAIRC, MLS# 297564

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.