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Orchid 32963
51 Island Place
Photo of 51 Island Place
Sold on Nov 30, 2021

3

Map

Photo of 51 Island Place
Photo of 51 Island Place
$1,679,369
● House - Off Market

51 Island Place

Vero Beach, FL 32963
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,600 Ft²
$1,732,263
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

NEW CONSTRUCTION - Last available ''contract to build'' home/lot package being built by Westmark Land Company in Orchid Island Golf & Beach Club. Six new homes are being built in the ''Island Place'' community, a desirable, private street of just thirteen homes. No detail is forgotten, pick your own finishes and design your dream courtyard home. Three spacious floorplans to choose from. Standard Home Specifications & Allowances Information Available. All measurements approx. and subject to change.
Unit Size
2,600 Ft²
Days on Market
181 days
Land Size
0.27 acres
Price per sqft
$598
Property Type
House
Property Taxes
$120
HOA Dues
$360
Year Built
-

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Cap Rate Calculator

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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: 4 months ago (Beaches MLS #R10720939)

Price History

Date / Event Date Event Price
Nov 29, 2021 Sold
Premium
Sold
Jun 1, 2021 Listed by Orchid Island Realty $1,553,500
Listed by Orchid Island Realty
May 21, 2021 Sold
Premium
Sold
Mar 17, 2014 Sold
Premium
Sold
May 29, 1998 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 11,761
  • Lot Size Depth Feet: 1,868
  • Lot Size Frontage Feet: 618
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ORCHID ISLAND PLAT 4
  • Land Acres: 0000000270
  • Standard Land Use Code: 8001
  • County Land Use Code: 0000
  • State Land Use Code: 00
  • Legal Description 1: ORCHID ISLAND PLAT 4 SUB LOT 112 PBI 13-30

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050506

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 31-39-23-00015-0000-00112.0
  • Lot: 112
  • Meridian: SEC 23 TWN 31S RNG 39E
  • Municipality: TOWN OF ORCHID
  • Latitude: 27.7711
  • Longitude: -80.4047

    Address

  • Full Address: 51 Island Pl
  • Address - House Number: 51
  • Address - Street Name: Island
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R024
  • 4-Digit Zip Code: 9505
  • Zip Code: 32963

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $168,011
  • Tax Rate Code Area: 9

    Market Valuation

  • Market Total Value: $119,553
  • Market Land Value: $119,553

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $119,553
  • Assessed Land Value: $119,553

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Nov 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210081948
  • Previous Sale Recording Date: May 21, 2021
  • Previous Sale Contract Date: May 21, 2021
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Orchid

Stats & Trends

Median Asking:

$3,995,000

Sale Price/ft²

$1,023

Below Asking

0.01%

Average Days on Market

91

Average Home Size

6158 ft²

Average Home Age

24.5 years

Currently For Sale

4 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

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Anne T Torline
Orchid Island Realty
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R10720939
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 51 Island Place built and last sold?
The property at 51 Island Place was built in and last sold on Nov 29, 2021 for $150,000.
How much is this home worth?
The estimated value of the home located at 51 Island Place is $0.
What are some comparable homes to 51 Island Place?
There are currently no comparable homes to 51 Island Place.
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