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Indian River 32967
4220 Strickland Way
$785,000
● House - Off Market

4220 Strickland Way

Vero Beach, FL 32967
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,489 Ft²
$5,040
Est. Monthly
$444
HOA / Fees
2.11%
Cap Rate

About This Property

Beautiful Pinnacle Model on Estate Lot. Featuring Custom upgrades and finishes. Impact Glass Doors & Windows, Coffer Ceiling, Crown Molding throughout, Tile floors throughout, Wainscoting, Quartz & Granite counters in kitchen & baths, Jenn Air Stainless appliances, Induction Range, Plantation Shutters, California Closets throughout, Electric Fireplace. Large Screened Lanai and Patio overlook a fenced, lush, tropically serene and very private back yard. Gated community, clubhouse, heated pool, gym, tennis & pickle ball. Located within 15 minutes to beaches, shopping, golf & restaurants.
Unit Size
2,489 Ft²
Days on Market
146 days
Land Size
-
Price per sqft
$327
Property Type
House
Property Taxes
$594
HOA Dues
$444
Year Built
2018

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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: 6 months ago (Beaches MLS #R10927421)

Price History

Date / Event Date Event Price
Mar 8, 2024 No longer available -
No longer available
Mar 7, 2024 Sold
Premium
Sold
Feb 15, 2024 In contract -
In contract
Feb 3, 2024 No longer available -
No longer available
Oct 13, 2023 Listed by Berkshire Hathaway Florida $815,000
Listed by Berkshire Hathaway Florida
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 558
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 669
  • Total Building Area: 3,047
  • Gross Building Area: 3,307
  • Building Area: 2,489
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,489
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKES AT WATERWAY VILLAGE PD - PODS S, T
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LAKES AT WATERWAY VILLAGE PD PODS S, T LOT 164 PBI 29 72

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050811

Zoning

  • Zoning: PD

Geography

  • Parcel: 32-39-15-00004-0000-00164.0
  • Lot: 164
  • Meridian: SEC 15 TWN 32S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6893
  • Longitude: -80.4289

    Address

  • Full Address: 4220 Strickland Way
  • Address - House Number: 4220
  • Address - Street Name: Strickland
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R052
  • 4-Digit Zip Code: 7641
  • Zip Code: 32967

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $712,416
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.0804
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 777,211
  • High Value: 839,763
  • Low Value: 714,660

    Market Valuation

  • Market Total Value: $538,150
  • Market Land Value: $38,250
  • Market Improvement Value: $499,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $538,150
  • Assessed Land Value: $38,250
  • Assessed Improvements Value: $499,900

    Sales

  • Current Sale Contract Date: Mar 06, 2024
  • Current Sale Recording Date: Mar 07, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10767
  • Previous Sale Recording Date: Jun 04, 2020
  • Previous Sale Contract Date: Jun 04, 2020
  • Previous Sale Amount: $435,000
  • 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

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$230

Below Asking

0.03%

Average Days on Market

83

Average Home Size

1971 ft²

Average Home Age

28.2 years

Currently For Sale

1612 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 6714 Rumine Circle, Vero Beach, FL, 32967

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,554 ft²
6714 Rumine Circle #6714, Vero Beach, FL, 32967 Listing by Gloria E Castro

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Cheryl L Burge
Berkshire Hathaway Florida
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R10927421
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 4220 Strickland Way built and last sold?
The property at 4220 Strickland Way was built in 2018 and last sold on Mar 6, 2024 for $785,000.
How much is this home worth?
The estimated value of the home located at 4220 Strickland Way is $812,517.
What are some comparable homes to 4220 Strickland Way?
There are currently no comparable homes to 4220 Strickland Way.
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