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Vero Beach South 32966
2240 47th Avenue
Photo of 2240 47th Avenue
Sold on Jun 5, 2026

31

Map

Photo of 2240 47th Avenue
Photo of 2240 47th Avenue
$319,000
● House - Off Market

2240 47th Avenue

Vero Beach, FL 32966
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,377 Ft²
$1,750
Est. Monthly
9.29%
Cap Rate

About This Property

Desirable location for this 3/2/1 CBS home; close to all shopping and amenities. This .29 acre lot home with fenced back yard boast large paver area with cabana and fire pit; mature fruit trees and garden area. New LVP flooring in Living room, kitchen, den. New water heater; 2018 metal roof with Solar panels(Full Warranty) help to make this an energy efficient home. S.S. appliances, ring camera system, water filtration, and shed included. Excellent space for entertainment and living comfortably here in Vero Beach.
Unit Size
1,377 Ft²
Days on Market
261 days
Land Size
0.29 acres
Price per sqft
$232
Property Type
House
Property Taxes
$183
HOA Dues
-
Year Built
1963

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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: 5 months ago (Indian River #291193)

Price History

Date / Event Date Event Price
Jun 5, 2026 Sold
Premium
Sold
May 8, 2026 In contract -
In contract
Mar 17, 2026 Price Decreased $319,000
↓ $6K (1.9%)
Price Decreased
Sep 17, 2025 Listed by Alex MacWilliam, Inc. $325,000
Listed by Alex MacWilliam, Inc.
Jun 11, 2020 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 294
  • Parking Space Count: 1
  • Patio Type: 12
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 990
  • Total Building Area: 1,671
  • Gross Building Area: 1,671
  • Building Area: 1,377
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,377
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REDSTONE MANOR ESTATES SUB
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: REDSTONE MANOR ESTATES SUB BLK 2 LOT 10 PBI 5-9

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050202

Zoning

  • Zoning: RS-6

Geography

  • Parcel: 33-39-04-00002-0020-00010.0
  • Block: 2
  • Lot: 10
  • Meridian: SEC 04 TWN 33S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6433
  • Longitude: -80.4345

    Address

  • Full Address: 2240 47th Ave
  • Address - House Number: 2240
  • Address - Street Name: 47th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 2122
  • Zip Code: 32966

Valuation

    Tax

  • Total Area: 1,608
  • Tax Year: 2022
  • Tax Amount: $201,110
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1883
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 348,848
  • High Value: 414,545
  • Low Value: 283,151

    Market Valuation

  • Market Total Value: $213,694
  • Market Land Value: $30,337
  • Market Improvement Value: $183,357

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $170,662

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 27, 2020
  • Current Sale Recording Date: Jun 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120200032358
  • Previous Sale Recording Date: Mar 07, 2016
  • Previous Sale Contract Date: Mar 01, 2016
  • Previous Sale Amount: $154,800
  • 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 Vero Beach South

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$215

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1664 ft²

Average Home Age

35.4 years

Currently For Sale

190 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 2622 57th Circle, Vero Beach, FL, 32966

$2,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,700 ft²
2622 57th Circle #2262, Vero Beach, FL, 32966 Listing by Lorena K Santoro

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Stephen D Ryder Jr, Alex MacWilliam, Inc.
Last Updated: 5 months ago
Data Source: RAIRC, MLS# 291193
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 2240 47th Avenue built and last sold?
The property at 2240 47th Avenue was built in 1963 and last sold on May 27, 2020 for $215,000.
How much is this home worth?
The estimated value of the home located at 2240 47th Avenue is $0.
What are some comparable homes to 2240 47th Avenue?
There are currently no comparable homes to 2240 47th Avenue.
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