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South Beach 32963
246 Egret Lane
$1,410,000
● House - Off Market

246 Egret Lane

Vero Beach, FL 32963
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,568 Ft²
$8,085
Est. Monthly
$227
HOA / Fees
1.11%
Cap Rate

About This Property

Delightful Seagrove classic home is ideally situated close to beach access and features a desirable split floor plan with two sizable guest rooms, a large primary suite with direct access to pool and tons of closet space!  Bright, spacious Great Room opens to an expansive screened patio and pool with sunny southeast exposure and private, fenced backyard. Beautiful custom built-ins and rare coralstone central fireplace add character and charm to the living areas. Enjoy ocean breezes and sounds from a unique poolside cabana which could be enclosed as den/4th BR. 2021 roof. Do not miss this one!
Unit Size
2,568 Ft²
Days on Market
39 days
Land Size
-
Price per sqft
$565
Property Type
House
Property Taxes
$737
HOA Dues
$227
Year Built
1981

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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 #284599)

Price History

Date / Event Date Event Price
Feb 28, 2025 Sold
Premium
Sold
Jan 27, 2025 In contract -
In contract
Jan 20, 2025 Listed by One Sotheby's Int'l Realty $1,450,000
Listed by One Sotheby's Int'l Realty
May 6, 2014 Sold
Premium
Sold
Dec 14, 2010 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 25
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 744
  • Parking Space Count: 3
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 16,117
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 3,312
  • Gross Building Area: 3,312
  • Building Area: 2,568
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,568
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEAGROVE SUBDIVISION UNIT 3
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: SEAGROVE SUBDIVISION UNIT 3 BLK F LOT 14 PBI 10-21

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050508

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-16-00008-0006-00014.0
  • Block: F
  • Lot: 14
  • Meridian: SEC 16 TWN 33S RNG 40E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6063
  • Longitude: -80.3386

    Address

  • Full Address: 246 Egret Ln
  • Legal Unit: 3
  • Address - House Number: 246
  • Address - Street Name: Egret
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R008
  • 4-Digit Zip Code: 2623
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 3,039
  • Tax Year: 2022
  • Tax Amount: $834,223
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1883
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 1,321,110
  • High Value: 1,569,909
  • Low Value: 1,072,310

    Market Valuation

  • Market Total Value: $804,172
  • Market Land Value: $447,304
  • Market Improvement Value: $356,868

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $623,561

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 2014
  • Current Sale Recording Date: May 06, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120140025834
  • Previous Sale Recording Date: Dec 14, 2010
  • Previous Sale Contract Date: Dec 02, 2010
  • Previous Sale Amount: $429,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$995,000

Sale Price/ft²

$469

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2669 ft²

Average Home Age

38.6 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

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RAIRC

Listed by: Karen M Smith, One Sotheby's Int'l Realty
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 284599
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 246 Egret Lane built and last sold?
The property at 246 Egret Lane was built in 1981 and last sold on May 1, 2014 for $600,000.
How much is this home worth?
The estimated value of the home located at 246 Egret Lane is $1,458,843.
What are some comparable homes to 246 Egret Lane?
There are currently no comparable homes to 246 Egret Lane.
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