When was property at 501 Bay Drive built and last sold?

The property at 501 Bay Drive was built in 1972 and last sold on Jul 30, 1998 for $520,000.

How much is this home worth?

The estimated value of the home located at 501 Bay Drive is $0.

What are some comparable homes to 501 Bay Drive?

There are currently no comparable homes to 501 Bay Drive.

Vero Beach

32963

501 Bay Drive

$4,750,000

● House - Off Market

501 Bay Drive

Vero Beach, FL 32963

3 Beds

3 Baths

3,423 Ft²

$26,856

Est. Monthly

About This Property

Meticulously maintained 3BR/3BA Riomar Bay home on cul-de-sac with peaceful Indian River Lagoon views. Enjoy the ease of living between the bridges with optional boating and a tranquil waterfront setting. A circular drive opens to a light-filled plan w/wood floors & custom millwork. The kitchen, living, and dining rooms overlook the river, while the den or flex space offers garden views. The primary suite affords privacy, a relaxing sitting area with water views, and a tranquil bath. Features include a poolside retreat with retractable awning, dock/lift, impact glass, 2015 Roof and generator.

Unit Size

3,423 Ft²

Days on Market

75 days

Land Size

0.43 acres

Price per sqft

$1,534

Property Type

House

Property Taxes

$1,077

HOA Dues

Year Built

1972

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Last updated: 9 months ago (Indian River #292751)

Price History

Date / Event	Date	Event
Jan 30, 2026	Sold	Premium
Sold
Dec 11, 2025	In contract	-
In contract
Nov 16, 2025	Listed by Premier Estate Properties	$5,250,000
Listed by Premier Estate Properties
Aug 3, 1998	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1972

Effective Year Built: 1989
Building Count: 1
Total Rooms: 8
Bedroom Count: 3
Bathroom Count: 3
Full Bathrooms: 3
Partial Bathrooms: 3
Bathroom Plumbing Fixtures: 10
Building Condition: 0
Building Quality: 1
Construction Type: 12
Building Style: 25
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 8
Roof Cover Type: 14
Floor Count: 100
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Parking Type: 5
Garage Type: 1
Garage Square Area: 801
Parking Space Count: 3
Patio Type: 11
Porch Type: 102
Pool Type: 8
Location Influence Type: 198

Dimensions

Lot Size Square Feet: 18,731

Lot Size Depth Feet: 1,546
Lot Size Frontage Feet: 1,258
Total Building Area: 4,224
Gross Building Area: 4,224
Building Area: 3,423
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 3,423
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: REPLAT OF RIOMAR BAY UNIT 1
Land Acres: 0000000430
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 01
Legal Description 1: RIOMAR BAY UNIT 1 REPLAT OF LOT 12 PBI 6-65 & 65A

Neighborhood

School District Name: Indian River County School District

Census Tract: 050504

Zoning

Zoning: R-1AA

Geography

Parcel: 33-40-05-00006-0000-00012.0

Lot: 12
Meridian: SEC 05 TWN 33S RNG 40E
Municipality: CITY OF VERO BEACH
Latitude: 27.6442
Longitude: -80.3648

Address

Full Address: 501 Bay Dr

Legal Unit: 1
Address - House Number: 501
Address - Street Name: Bay
Address - Suffix Type: Dr
State: FL
City Name: Vero Beach
Carrier Code: C016
4-Digit Zip Code: 2163
Zip Code: 32963

Valuation

Tax

Total Area: 3,840

Tax Year: 2022
Tax Amount: $1,192,634
Tax Rate Code Area: 8

Appraisal Valuation

Standard Deviation: 0.1883

Valuation Date: Jan 03, 2024
Confidence Score: 75
Final Value: 2,332,359
High Value: 2,771,603
Low Value: 1,893,114

Market Valuation

Market Total Value: $1,585,254

Market Land Value: $1,116,615
Market Improvement Value: $468,639

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $795,975

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Jul 30, 1998

Current Sale Recording Date: Aug 03, 1998
Current Sale Price:

Premium
Current Sale Document Type: 71

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Vero Beach

Stats & Trends

Median Asking:

$499,500

Sale Price/ft²

$333

Below Asking

0.04%

Average Days on Market

Average Home Size

1966 ft²

Average Home Age

47.2 years

Currently For Sale

206 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 476 19th Place, Vero Beach, FL, 32960

$2,900 /mo

3 Beds
3 Baths
1,614 ft²

476 19th Place, Vero Beach, FL, 32960 Listing by Katelyn M O'Neal

Unit for rent at 400 18th Street, Vero Beach, FL, 32960

$2,450 /mo

2 Beds
2 Baths
1,130 ft²

400 18th Street #B6, Vero Beach, FL, 32960 Listing by Cindy Campbell Hawthorne

Unit for rent at 528 13th Place, Vero Beach, FL, 32960

$1,750 /mo

3 Beds
2 Baths
1,102 ft²

528 13th Place #528, Vero Beach, FL, 32960 Listing by Roberto E Berlingieri

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Melissa E Talley, Premier Estate Properties
Last Updated: 9 months ago
Data Source: RAIRC, MLS# 292751

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.

501 Bay Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Vero Beach

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions