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Vero Beach 32963
2611 Ocean Drive
$1,325,000
● House - Off Market

2611 Ocean Drive

Vero Beach, FL 32963
bedrooms
2 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,800 Ft²
$7,827
Est. Monthly
$458
HOA / Fees
0.88%
Cap Rate

About This Property

Discover paradise along Ocean Drive in the Coveted Sawyer Park neighborhood. Located across the street from the ocean, this spacious and elegant end unit offers the best of coastal living with 2 beds, 2.5 baths, & 1-car garage in 1,800± SF. Enjoy an updated kitchen & light-filled living areas with soaring ceilings and large windows that invite natural light. Recently updated with 2018 AC and 2019 roof. Listen to the waves crashing from your private patio or 2nd floor balcony. Walk or golf cart into Vero Beach's charming seaside town with boutique shops and restaurants.
Unit Size
1,800 Ft²
Days on Market
160 days
Land Size
-
Price per sqft
$775
Property Type
House
Property Taxes
$519
HOA Dues
$458
Year Built
1988

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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 #279704)

Price History

Date / Event Date Event Price
Dec 17, 2024 Sold
Premium
Sold
Jul 10, 2024 Listed by One Sotheby's Int'l Realty $1,395,000
Listed by One Sotheby's Int'l Realty
Apr 3, 2018 Sold
Premium
Sold
Apr 26, 2016 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 56,504
  • Total Building Area: 1,800
  • Gross Building Area: 1,800
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAWYER PARK PHASE ONE, TWO, AND THREE
  • Land Acres: 0000001297
  • Standard Land Use Code: 1004
  • County Land Use Code: 0400
  • State Land Use Code: 04
  • Legal Description 1: SAWYER PARK PHASE III UNIT 12 OR BK 789 PG 668

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050504

Geography

  • Subdivision Phase Number: 3
  • Parcel: 32-40-32-00038-0000-00012.0
  • Meridian: SEC 32 TWN 32S RNG 40E
  • Municipality: CITY OF VERO BEACH
  • Latitude: 27.6459
  • Longitude: -80.3546

    Address

  • Full Address: 2611 Ocean Dr
  • Legal Unit: 12
  • Address - House Number: 2611
  • Address - Street Name: Ocean
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: C010
  • 4-Digit Zip Code: 2054
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 1,800
  • Tax Year: 2022
  • Tax Amount: $622,600
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.2035
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 908,023
  • High Value: 1,092,819
  • Low Value: 723,227

    Market Valuation

  • Market Total Value: $463,315
  • Market Improvement Value: $463,315

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $432,847

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 30, 2018
  • Current Sale Recording Date: Apr 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120180019471
  • Previous Sale Recording Date: Apr 26, 2016
  • Previous Sale Contract Date: Apr 20, 2016
  • Previous Sale Amount: $380,000
  • 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 Vero Beach

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$333

Below Asking

0.04%

Average Days on Market

94

Average Home Size

1962 ft²

Average Home Age

47.4 years

Currently For Sale

207 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 1935 Cobia Drive, Vero Beach, FL, 32960

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
1935 Cobia Drive #103E, Vero Beach, FL, 32960 Listing by Bradley Milliken
Unit for rent at 1140 Cheval Drive, Vero Beach, FL, 32960

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,723 ft²
1140 Cheval Drive, Vero Beach, FL, 32960 Listing by Claudia Marie Hart

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Cindy J O'Dare, One Sotheby's Int'l Realty
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 279704
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 2611 Ocean Drive built and last sold?
The property at 2611 Ocean Drive was built in 1988 and last sold on Mar 30, 2018 for $544,000.
How much is this home worth?
The estimated value of the home located at 2611 Ocean Drive is $0.
What are some comparable homes to 2611 Ocean Drive?
There are currently no comparable homes to 2611 Ocean Drive.
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