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South Beach 32963
2225 W Ocean Oaks Circle
$810,000
● House - Off Market

2225 W Ocean Oaks Circle

Vero Beach, FL 32963
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
$1,278,284
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Gorgeous, two-story custom-built home with impact resistant windows and doors in Ocean Oaks West. Concrete block, 3,790 square feet (A/C area) with private pool and balcony on a preserve view lot with deeded beach access. Large great room, ground floor master, walk in closets, upgraded appliances, white shaker cabinets, volume ceilings, gated access, three new A/C units. A must see!
Unit Size
-
Days on Market
-
Land Size
0.34 acres
Price per sqft
-
Property Type
House
Property Taxes
$893
HOA Dues
$250
Year Built
2006

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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: 3 years ago (Space Coast MLS #849014)

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Apr 5, 2021 Sold
Premium
Sold
Feb 10, 2021 Listed by IRRE Group $1,100,000
Listed by IRRE Group
Apr 14, 2020 Sold
Premium
Sold
Jun 28, 2019 Listed by IRRE Group $899,000
Listed by IRRE Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 18
  • 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: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 567
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 15,246
  • Lot Size Depth Feet: 1,406
  • Lot Size Frontage Feet: 936
  • Total Building Area: 4,286
  • Gross Building Area: 4,286
  • Building Area: 3,719
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,719
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OCEAN OAKS WEST SUBDIVISION
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: OCEAN OAKS WEST SUB LOT 14 PBI 18-21

Neighborhood

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

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-34-00007-0000-00014.0
  • Lot: 14
  • Meridian: SEC 34 TWN 33S RNG 40E
  • Municipality: UNINCORPORATED
  • Latitude: 27.5703
  • Longitude: -80.3298

    Address

  • Full Address: 2225 W Ocean Oaks Cir
  • Address - House Number: 2225
  • Street Direction: W
  • Address - Street Name: Ocean Oaks
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R002
  • 4-Digit Zip Code: 3170
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 3,993
  • Tax Year: 2022
  • Tax Amount: $1,377,999
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2055
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 1,707,042
  • High Value: 2,058,007
  • Low Value: 1,356,077

    Market Valuation

  • Market Total Value: $1,011,236
  • Market Land Value: $212,500
  • Market Improvement Value: $798,736

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,011,236
  • Assessed Land Value: $212,500
  • Assessed Improvements Value: $798,736

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 01, 2021
  • Current Sale Recording Date: Apr 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210023027
  • Previous Sale Recording Date: Apr 14, 2020
  • Previous Sale Contract Date: Apr 14, 2020
  • Previous Sale Amount: $810,000
  • 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 South Beach

Stats & Trends

Median Asking:

$985,000

Sale Price/ft²

$471

Below Asking

0.03%

Average Days on Market

93

Average Home Size

2588 ft²

Average Home Age

40.3 years

Currently For Sale

68 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 1815 Mooringline Drive, Vero Beach, FL, 32963

$3,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,880 ft²
1815 Mooringline Drive #2E, Vero Beach, FL, 32963 Listing by Abigail Vollmann

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Mark Moore, IRRE Group
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 849014
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 2225 West Ocean Oaks Circle built and last sold?
The property at 2225 West Ocean Oaks Circle was built in 2006 and last sold on Apr 1, 2021 for $1,040,000.
How much is this home worth?
The estimated value of the home located at 2225 West Ocean Oaks Circle is $0.
What are some comparable homes to 2225 West Ocean Oaks Circle?
There are currently no comparable homes to 2225 West Ocean Oaks Circle.
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