When was property at 229 Binnacle Point built and last sold?

The property at 229 Binnacle Point was built in 1983 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 229 Binnacle Point is $0.

What are some comparable homes to 229 Binnacle Point?

There are currently no comparable homes to 229 Binnacle Point.

South Beach

32963

229 Binnacle Point

$5,525,000

● House - Off Market

229 Binnacle Point

Vero Beach, FL 32963

3 Beds

3 Baths, 1 Half Bath

4,418 Ft²

$32,867

Est. Monthly

$400

HOA / Fees

About This Property

A truly unique offering, 229 Binnacle presents an exceptional opportunity to acquire a developable riverfront property with nearly 240 feet of river frontage-a combination rarely available in the Moorings and the greater Vero Beach market. The expansive double lot and extraordinary frontage offer flexibility for a custom waterfront residence or residences, with potential for multiple structures, subject to applicable zoning and approvals. The well-maintained 4,418 SF existing home may be enjoyed as-is or removed to fully capitalize on the site's unique characteristics. Dimensions approximate.

Unit Size

4,418 Ft²

Days on Market

78 days

Land Size

Price per sqft

$1,415

Property Type

House

Property Taxes

$1,778

HOA Dues

$400

Year Built

1983

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Last updated: 5 months ago (Indian River #295351)

Price History

Date / Event	Date	Event
May 14, 2026	Sold	Premium
Sold
Apr 16, 2026	In contract	-
In contract
Feb 25, 2026	Listed by The Moorings Realty Sales Co.	$6,250,000
Listed by The Moorings Realty Sales Co.

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1983

Effective Year Built: 1983
Building Count: 1
Total Rooms: 8
Bedroom Count: 4
Bathroom Count: 4
Full Bathrooms: 3
Partial Bathrooms: 4
Bathroom Plumbing Fixtures: 12
Building Condition: 0
Building Quality: 1
Construction Type: 12
Building Style: 25
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 8
Roof Cover Type: 13
Floor Count: 200
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Parking Type: 6
Garage Type: 1
Garage Square Area: 624
Parking Space Count: 2
Patio Type: 12
Porch Type: 111
Pool Type: 8
Location Influence Type: 71

Dimensions

Lot Size Square Feet: 37,462

Lot Size Depth Feet: 1,531
Lot Size Frontage Feet: 1,266
Total Building Area: 5,042
Gross Building Area: 5,147
Building Area: 4,418
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 4,418
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: THE MOORINGS UNIT 5 THE ANCHOR
Land Acres: 0000000860
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 01
Legal Description 1: MOORINGS UNIT 5 THE ANCHOR LOTS 128 & 129 PBI 9-98 TO 98D

Neighborhood

School District Name: Indian River County School District

Census Tract: 050509

Zoning

Zoning: RS-3

Geography

Parcel: 33-40-21-00008-0000-00128.0

Lot: 128-1
Meridian: SEC 21 TWN 33S RNG 40E
Municipality: UNINCORPORATED
Latitude: 27.5894
Longitude: -80.3364

Address

Full Address: 229 Binnacle Pt

Legal Unit: 5
Address - House Number: 229
Address - Street Name: Binnacle
Address - Suffix Type: Pt
State: FL
City Name: Vero Beach
Carrier Code: R014
4-Digit Zip Code: 2905
Zip Code: 32963

Valuation

Tax

Total Area: 4,665

Tax Year: 2022
Tax Amount: $1,945,162
Tax Rate Code Area: 7U

Appraisal Valuation

Standard Deviation: 0.1883

Valuation Date: Jan 03, 2024
Confidence Score: 75
Final Value: 3,571,194
High Value: 4,243,744
Low Value: 2,898,644

Market Valuation

Market Total Value: $2,776,891

Market Land Value: $2,065,500
Market Improvement Value: $711,391

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $1,414,942

Exemptions

Homeowner Exemption: Yes

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

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Comparables

About South Beach

Stats & Trends

Median Asking:

$962,000

Sale Price/ft²

$469

Below Asking

0.03%

Average Days on Market

101

Average Home Size

2704 ft²

Average Home Age

40 years

Currently For Sale

62 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.

Listed by: Collier Proctor, The Moorings Realty Sales Co.
Last Updated: 5 months ago
Data Source: RAIRC, MLS# 295351

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.

229 Binnacle Point

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About South Beach

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions