35
Map
$549,900
●
House -
For Sale
5085 Pendelton Square
Vero Beach, FL 32967
2 Beds
2 Baths
2,094 Ft²
$3,796
Est. Monthly
$509
HOA / Fees
About This Property
Discover this immaculately maintained 2017 rare Martin Ray model
located in the highly sought-after Lakes at Waterway Village. Enjoy
lake views from the spacious extended screened lanai with motorized
retractable shade awning. 2 bedroom, 2 bathrooms plus den/office in
this generous 2094 Sq Ft open-concept layout with multiple upgrades
throughout. Impact glass. 2-car garage + bonus golfcart/workshop
space. Chef's kitchen w/butler's pantry. It's just a short stroll
from resort-style full amenities. The HOA also covers cable,
internet, and individual yard care for a hassle-free
Florida lifestyle
Unit Size
2,094 Ft²
Days on Market
8 days
Land Size
0.16 acres
Price per sqft
$263
Property Type
House
Property Taxes
$587
HOA Dues
$509
Year Built
2017
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: 8 days ago (Indian River #300117)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Listed by Engel & Voelkers Vero Beach | $549,900 | |
| Listed by Engel & Voelkers Vero Beach | |||
| Aug 15, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 28, 2026 | Price Decreased |
$575,000
↓ $24K
(4%) | |
| Price Decreased | |||
| Apr 9, 2026 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
| Mar 3, 2026 | Listed by Engel & Voelkers Vero Beach | $625,000 | |
| Listed by Engel & Voelkers Vero Beach | |||
   | |||
|
Discover this immaculately maintained 2017 rare Martin Ray model located in the highly sought-after Lakes at Waterway Village. Enjoy lake views from the spacious extended screened lanai with motorized retractable shade awning. 2 bedroom, 2 bathrooms plus den/office in this generous 2094 Sq Ft open-concept layout with multiple upgrades throughout. Impact glass. 2-car garage + bonus golfcart/workshop space. Chef’s kitchen w/butler’s pantry. It's just a short stroll from resort-style full amenities. The HOA also covers cable, internet, and individual yard care for a hassle-free Florida lifestyle
| |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Crown Molding, Pantry, Walk-In Closet(s), ClosetCabinetry, SplitBedrooms
Appliances: Cooktop, Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Wine Cooler, Washer, BuiltInOven
Flooring Type: Tile
Laundry Features: In Unit
Rooms: 7
Exterior Details
Square Footage: 2094
Square Footage Source: $0
Security Features: Security System Owned, Gated Community, Smoke Detector(s)
Architectural Style: OneStory
Year Built: 2017
Waterfront Features: Lake Front, Pond
Levels: One
Window Features: Window Treatments
Construction Materials: Block, Concrete
Patio and Porch Features: Patio, Screened
Pool Features: None, Community
Lot Features: LessThanQuarterAcre
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Lot Size Square Feet: 6969.6
Lot Size Dimensions: 6969.6
Tax Lot: 93L
Water Source: Public
Financial Details
Tax Assessed Value: $469,164
Tax Annual Amount: $7,041
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : CountySewer
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Internet, Maintenance Grounds, CommonAreas, ReserveFund
HOA/Condo/Coop Amenities: DuesPaidQuarterly
HOA Fee: $509
HOA Fee Frequency: Monthly
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 Indian River
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Listed by: John Chuter, Engel & Voelkers Vero Beach
Last Updated: 8 days ago
Data Source: RAIRC, MLS# 300117
Last Updated: 8 days ago
Data Source: RAIRC, MLS# 300117
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