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Indian River Shores 32963
311 Legend Trail
$950,000
● House - Off Market

311 Legend Trail

Indian River Shores, FL 32963
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,286 Ft²
$1,282,855
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Spectacular home. Attention to every detail. Updated with love & attention. CBS, private, open & airy, wood floors, fireplace, screen pool, gardens. Guarded community with beach access, marina, tennis, clubhouse. Move in ready.
Unit Size
3,286 Ft²
Days on Market
226 days
Land Size
0.41 acres
Price per sqft
$289
Property Type
House
Property Taxes
$450
HOA Dues
$458
Year Built
2004

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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 (Beaches MLS #R10599783)

Price History

Date / Event Date Event Price
Oct 21, 2022 Sold
Premium
Sold
Sep 23, 2020 Sold
Premium
Sold
Feb 6, 2020 Listed by Berkshire Hathaway Florida $949,000
Listed by Berkshire Hathaway Florida
May 20, 2014 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • 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: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 17,860
  • Lot Size Depth Feet: 1,486
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 3,838
  • Gross Building Area: 3,838
  • Building Area: 3,286
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,286
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN TRAILS SUB
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: INDIAN TRAILS SUBDIVISION LOT 69 PBI 12-3

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050506

Zoning

  • Zoning: R-1A

Geography

  • Parcel: 31-39-35-00002-0000-00069.0
  • Lot: 69
  • Meridian: SEC 35 TWN 31S RNG 39E
  • Municipality: TOWN OF INDIAN RIVER SHORES
  • Latitude: 27.7397
  • Longitude: -80.3872

    Address

  • Full Address: 311 Legend Trl
  • Address - House Number: 311
  • Address - Street Name: Legend
  • Address - Suffix Type: Trl
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R020
  • 4-Digit Zip Code: 3926
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 3,798
  • Tax Year: 2022
  • Tax Amount: $973,291
  • Tax Rate Code Area: 5

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 1,662,855
  • High Value: 2,007,224
  • Low Value: 1,318,487

    Market Valuation

  • Market Total Value: $1,045,901
  • Market Land Value: $309,086
  • Market Improvement Value: $736,815

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $840,592

    Sales

  • Current Sale Contract Date: Oct 21, 2022
  • Current Sale Recording Date: Oct 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 45
  • Current Sale Input Document Number: 63027
  • Previous Sale Recording Date: Sep 23, 2020
  • Previous Sale Contract Date: Sep 23, 2020
  • Previous Sale Amount: $950,000
  • 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 Indian River Shores

Stats & Trends

Median Asking:

$1,395,000

Sale Price/ft²

$481

Below Asking

0.04%

Average Days on Market

106

Average Home Size

2836 ft²

Average Home Age

34 years

Currently For Sale

80 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 9190 Spring Time Drive, Vero Beach, FL, 32963

$8,000 /mo

  • 4 Beds
  • 4 Baths
  • 3,069 ft²
9190 Spring Time Drive, Vero Beach, FL, 32963 Listing by Nancy M Carty
Unit for rent at 6555 Barbados Court, Vero Beach, FL, 32967

$4,100 /mo

  • 3 Beds
  • 2 Baths
  • 2,242 ft²
6555 Barbados Court, Vero Beach, FL, 32967 Listing by Maria I Barrial

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Deborah A Bell
Berkshire Hathaway Florida
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10599783
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 311 Legend Trail built and last sold?
The property at 311 Legend Trail was built in 2004 and last sold on Oct 21, 2022 for $10,000.
How much is this home worth?
The estimated value of the home located at 311 Legend Trail is $999,104.
What are some comparable homes to 311 Legend Trail?
There are currently no comparable homes to 311 Legend Trail.
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