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Orchid 32963
21 Caribe Way
Photo of 21 Caribe Way
Sold on Apr 22, 2021

1

Map

$115,000
● Land - Off Market

21 Caribe Way

Orchid, FL 32963
bedrooms
Studio
bathrooms
0 Bath
$152,009
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Ready to build. Bring your dream home plans. Walk to tennis and wellness center. Orchid Club offers fine dining, Arnold Palmer golf course, spa, private beach, two splendid clubhouses. An elegant lifestyle can be yours in your brand new home. Sizes approx/subj to error. Offers to inc. OI Comp Addendum.
Unit Size
-
Days on Market
161 days
Land Size
0.19 acres
Price per sqft
-
Property Type
Land
Property Taxes
$133
HOA Dues
-
Year Built
-

Payment Calculator

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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 months ago (Beaches MLS #R10670773)

Price History

Date / Event Date Event Price
May 14, 2021 Sold
Premium
Sold
Nov 12, 2020 Listed by Orchid Island Realty $125,000
Listed by Orchid Island Realty
Apr 8, 2003 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 101

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,411
  • Lot Size Frontage Feet: 601
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ORCHID ISLAND PLAT 3
  • Land Acres: 0000000190
  • Standard Land Use Code: 8001
  • County Land Use Code: 0000
  • State Land Use Code: 00
  • Legal Description 1: ORCHID ISLAND PLAT 3 SUB LOT 87 PBI 13-13

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050506

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 31-39-23-00012-0000-00087.0
  • Lot: 87
  • Meridian: SEC 23 TWN 31S RNG 39E
  • Municipality: TOWN OF ORCHID
  • Latitude: 27.7652
  • Longitude: -80.41

    Address

  • Full Address: 21 Caribe Way
  • Address - House Number: 21
  • Address - Street Name: Caribe
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R024
  • 4-Digit Zip Code: 9503
  • Zip Code: 32963

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $149,316
  • Tax Rate Code Area: 9

    Market Valuation

  • Market Total Value: $106,250
  • Market Land Value: $106,250

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $106,250
  • Assessed Land Value: $106,250

    Sales

  • Current Sale Contract Date: Apr 21, 2021
  • Current Sale Recording Date: May 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210035109
  • Previous Sale Recording Date: Apr 08, 2003
  • Previous Sale Contract Date: Apr 04, 2003
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: 71
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 Orchid

Stats & Trends

Median Asking:

$3,995,000

Sale Price/ft²

$1,023

Below Asking

0.01%

Average Days on Market

102

Average Home Size

5688 ft²

Average Home Age

24.6 years

Currently For Sale

5 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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BEACHES

Listed by: Anne T Torline
Orchid Island Realty
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# R10670773
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 21 Caribe Way built and last sold?
The property at 21 Caribe Way was built in and last sold on Apr 21, 2021 for $115,000.
How much is this home worth?
The estimated value of the home located at 21 Caribe Way is $0.
What are some comparable homes to 21 Caribe Way?
There are currently no comparable homes to 21 Caribe Way.
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