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4812 Sunset Drive
About This Property
Close to the beach, this oversized lot offers the perfect setting to renovate or rebuild your dream coastal home. The existing 2,144-sq-ft residence features 3 bedrooms, 3 baths, a pool, and a 2-car garage-ready for your vision.
Within city limits and just 1.5 miles to Ocean Drive, this location offers the best of barrier-island living-walkable, quiet, and full of character. The home has solid bones, a metal roof, walk-in closets in every bedroom, tongue-and-groove wood ceiling in the family room, accordion shutters, and a 12x17 shed. Whether you choose to reimagine the existing structure or start fresh, this is a rare opportunity to build your dream home in one of Vero Beach's most desirable island neighborhoods. Being sold "as is".
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 11, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Nov 9, 2025 | Listed by RE/MAX of Stuart - Palm City | $850,000 | |
| Listed by RE/MAX of Stuart - Palm City | |||
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About Vero Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017