34
Map
$1,995,000
●
House -
For Sale
4945 16th Street
Vero Beach, FL 32966
6 Beds
4 Baths,
2
Half Baths
5,369 Ft²
$10,681
Est. Monthly
About This Property
This rare Doctor's Row estate delivers true flexibility. The main
residence offers 6 bedrooms plus a fully independent guest studio
apartment with kitchen and bath-ideal for multigenerational living,
guests, or income. Set on expansive, private grounds minutes to the
beach with pool, barn/workshop, and room to expand. No HOA. A true
compound combining space, privacy, and proximity to Vero's beaches,
dining, and village amenities.
Unit Size
5,369 Ft²
Days on Market
227 days
Land Size
4.89 acres
Price per sqft
$372
Property Type
House
Property Taxes
$885
HOA Dues
-
Year Built
1963
Listed By
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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 months ago (Indian River #295464)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2026 | Relisted | $1,995,000 | |
| Relisted | |||
| May 20, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Price Decreased |
$2,145,000
↓ $150K
(6.5%) | |
| Price Decreased | |||
| Mar 3, 2026 | Listed by Alex MacWilliam, Inc. | $2,295,000 | |
| Listed by Alex MacWilliam, Inc. | |||
| May 26, 2021 | Sold | ||
| Sold | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Has Carport
Parking Features: Additional Parking, Assigned, Covered, Carport, Garage, TwoSpaces
Garage Spaces: 2
Interior Details
Half Bathrooms: 2
Full Bathrooms: 4
Interior Features: Built-in Features, Crown Molding, Pantry, ClosetCabinetry, PrimaryDownstairs, SplitBedrooms
Appliances: Cooktop, Dishwasher, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Water Softener Owned, Water Purifier, Washer, BuiltInOven
Flooring Type: Concrete, Wood
Laundry Features: Laundry Room
Rooms: 14
Has Fireplace
Fireplaces: 1
Exterior Details
Square Footage: 5369
Square Footage Source: $0
Security Features: Closed Circuit Camera(s), Security Lights, Smoke Detector(s), MotionDetectors
Architectural Style: TwoStory
Year Built: 1963
Waterfront Features: None
Levels: Two
Other Structures: Stable(s)
Window Features: DoubleHung, SingleHung
Construction Materials: Brick, Block, Frame, Concrete
Patio and Porch Features: Covered, Patio, Porch
Pool Features: Private, Pool
Pool is Private
Lot Features: ThreeToFiveAcres
Lot Size Area: 4.89
Lot Size Units: Acres
Lot Size Acres: 4.89
Lot Size Square Feet: 213008.4
Lot Size Dimensions: 213, 008
Tax Lot: TR2
Water Source: Well
Financial Details
Tax Assessed Value: $729,918
Tax Annual Amount: $10,621
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s), TwoUnits
Heating Type: Central, MultipleHeatingUnits
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Vero Beach South
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Listed by: Charlotte N Terry, Alex MacWilliam, Inc.
Last Updated: 2 months ago
Data Source: RAIRC, MLS# 295464
Last Updated: 2 months ago
Data Source: RAIRC, MLS# 295464
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