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Indian River Shores 32963
216 Strand Square
$1,600,000
● House - Off Market

216 Strand Square

Vero Beach, FL 32963
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3,490 Ft²
$10,307
Est. Monthly
$563
HOA / Fees
0.22%
Cap Rate

About This Property

Exquisite home where owners spared no expense in upgrades in this very occasionally occupied residence offering deeded beach access, a peaceful riverfront walking trail, and a quiet community of luxury homes. Luxe appointments throughout 3500 sf living space including great room to nestle in, kitchen with GE Monogram package, bedroom suites w/custom closets, custom security/AV/electronics pkg ($37K value), covered lanai, pool package incl. self clean & water level maint, multi color LED (so many extras!), impact glass, huge 3 car. Furniture avail makes this truly turn key for you! Hot value!
Unit Size
3,490 Ft²
Days on Market
43 days
Land Size
0.28 acres
Price per sqft
$486
Property Type
House
Property Taxes
$1,421
HOA Dues
$563
Year Built
2021

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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 years ago (Indian River #284722)

Price History

Date / Event Date Event Price
Mar 6, 2025 Sold
Premium
Sold
Feb 14, 2025 In contract -
In contract
Jan 25, 2025 In contract -
In contract
Jan 22, 2025 No longer available -
No longer available
Jan 22, 2025 Listed by One Sotheby's Int'l Realty $1,695,000
Listed by One Sotheby's Int'l Realty
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 18
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 660
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 71

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 800
  • Total Building Area: 4,150
  • Gross Building Area: 4,150
  • Building Area: 3,490
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,490
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE STRAND AT INDIAN RIVER SHORES PHASE
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: THE STRAND AT INDIAN RIVER SHORES PHASE TWO LOT 13 PBI 30 64

Neighborhood

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

Zoning

  • Zoning: R-1A

Geography

  • Subdivision Phase Number: 2
  • Parcel: 31-39-36-00043-0000-00013.0
  • Lot: 13
  • Meridian: SEC 36 TWN 31S RNG 39E
  • Municipality: TOWN OF INDIAN RIVER SHORES
  • Latitude: 27.7387
  • Longitude: -80.3887

    Address

  • Full Address: 216 Strand Sq
  • Address - House Number: 216
  • Address - Street Name: Strand
  • Address - Suffix Type: Sq
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R020
  • 4-Digit Zip Code: 4205
  • Zip Code: 32963

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,290,551
  • Tax Rate Code Area: 5

    Appraisal Valuation

  • Standard Deviation: 0.1883
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 1,808,027
  • High Value: 2,148,526
  • Low Value: 1,467,528

    Market Valuation

  • Market Total Value: $1,068,949
  • Market Land Value: $212,500
  • Market Improvement Value: $856,449

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,068,949
  • Assessed Land Value: $212,500
  • Assessed Improvements Value: $856,449

    Sales

  • Current Sale Contract Date: Sep 02, 2021
  • Current Sale Recording Date: Sep 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3120210062978
  • Previous Sale Recording Date: Nov 12, 2019
  • Previous Sale Contract Date: Nov 12, 2019
  • Previous Sale Amount: $4,750,000
  • 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 Indian River Shores

Stats & Trends

Median Asking:

$1,249,500

Sale Price/ft²

$464

Below Asking

0.04%

Average Days on Market

107

Average Home Size

2661 ft²

Average Home Age

34.7 years

Currently For Sale

85 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

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RAIRC

Listed by: Kelly Fischer, One Sotheby's Int'l Realty
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 284722
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 216 Strand Square built and last sold?
The property at 216 Strand Square was built in 2021 and last sold on Sep 2, 2021 for $1,235,700.
How much is this home worth?
The estimated value of the home located at 216 Strand Square is $0.
What are some comparable homes to 216 Strand Square?
There are currently no comparable homes to 216 Strand Square.
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