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

The property at 501 River Drive was built in 2020 and last sold on May 12, 2023 for $5,450,000.

How much is this home worth?

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

What are some comparable homes to 501 River Drive?

There are currently no comparable homes to 501 River Drive.

Vero Beach

32963

501 River Drive

Sold on May 6, 2024

Map

$5,900,000

● House - Off Market

501 River Drive

Vero Beach, FL 32963

3 Beds

3 Baths, 1 Half Bath

4,210 Ft²

$35,436

Est. Monthly

-0.47%

Cap Rate

About This Property

Bring your boat! This 2020 built waterfront residence, w/ 4BD/3+BA has quick access to the intracoastal. Features include Lutron Lighting inside and out, custom window treatments, coffered ceiling, wainscoting throughout, marble & wood floors, and so much more. The state-of-the-art island kitchen with top-tier appliances, gas cooktop and wet bar is any chef's dream. The home's outdoor living area boasts a gas-heated salt-water pool and spa, firepits, and dock. Oversized 2 car garage + golf cart garage. Walk, ride your bike or take your golf cart to all of Vero's shops, restaurants and beaches.

Unit Size

4,210 Ft²

Days on Market

69 days

Land Size

0.42 acres

Price per sqft

$1,485

Property Type

House

Property Taxes

$4,747

HOA Dues

Year Built

2020

Payment Calculator

Cap Rate Calculator

Last updated: 3 months ago (Space Coast MLS #1006089)

Price History

Date / Event	Date	Event
May 6, 2024	Sold	Premium
Sold
Feb 26, 2024	Listed by BHHS Florida Realty	$6,250,000
Listed by BHHS Florida Realty
May 12, 2023	Sold	Premium
Sold
Aug 21, 2020	Sold	Premium
Sold
Mar 23, 2018	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 2020

Effective Year Built: 2020
Building Count: 1
Total Rooms: 7
Bedroom Count: 3
Bathroom Count: 4
Full Bathrooms: 3
Partial Bathrooms: 4
Bathroom Plumbing Fixtures: 14
Building Condition: 0
Building Quality: 1
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 8
Roof Cover Type: 4
Floor Count: 100
Living Units: 1
Floor Cover: 13
Basement Type: 0
Basement Area: 0
Parking Type: 5
Garage Type: 1
Garage Square Area: 867
Parking Space Count: 3
Patio Type: 79
Porch Type: 102
Pool Type: 8
Location Influence Type: 71

Dimensions

Lot Size Square Feet: 18,295

Lot Size Depth Feet: 1,220
Lot Size Frontage Feet: 1,531
Total Building Area: 4,920
Gross Building Area: 4,920
Building Area: 4,053
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 4,053
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: 0000000420
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 33 PBI 6-65 & 65A

Neighborhood

School District Name: Indian River County School District

Census Tract: 050504

Zoning

Zoning: R-1AA

Geography

Parcel: 33-40-05-00006-0000-00033.0

Lot: 33
Meridian: SEC 05 TWN 33S RNG 40E
Municipality: CITY OF VERO BEACH
Latitude: 27.6406
Longitude: -80.3645

Address

Full Address: 501 River Dr

Legal Unit: 1
Address - House Number: 501
Address - Street Name: River
Address - Suffix Type: Dr
State: FL
City Name: Vero Beach
Carrier Code: C016
4-Digit Zip Code: 2127
Zip Code: 32963

Valuation

Tax

Tax Year: 2022

Tax Amount: $5,541,073
Tax Rate Code Area: 8

Appraisal Valuation

Standard Deviation: 0.2609

Valuation Date: Feb 21, 2024
Confidence Score: 62
Final Value: 4,470,095
High Value: 5,636,676
Low Value: 3,303,514

Market Valuation

Market Total Value: $4,455,356

Market Land Value: $1,186,831
Market Improvement Value: $3,268,525

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $3,588,376

Sales

Current Sale Contract Date: May 12, 2023

Current Sale Recording Date: May 12, 2023
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 23936
Previous Sale Recording Date: Aug 21, 2020
Previous Sale Contract Date: Aug 20, 2020
Previous Sale Amount: $4,100,000
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Financing Type:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

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

1940 ft²

Average Home Age

47.5 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 2800 Indian River Boulevard, FL, 32960

$2,500 /mo

2 Beds
2 Baths
1,000 ft²

2800 Indian River Boulevard #1, FL, 32960 Listing by Peter G Robinson

Unit for rent at 559 6th Street, Vero Beach, FL, 32962

$2,395 /mo

2 Beds
2 Baths
1,364 ft²

559 6th Street, Vero Beach, FL, 32962 Listing by Carolyn E Mac Evoy

Unit for rent at 1140 Cheval Drive, Vero Beach, FL, 32960

$2,200 /mo

2 Beds
2 Baths
1,723 ft²

1140 Cheval Drive, Vero Beach, FL, 32960 Listing by Claudia Marie Hart

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Elizabeth Livers, BHHS Florida Realty
Last Updated: 3 months ago
Data Source: Space Coast MLS, MLS# 1006089

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.