When was property at 512 River Drive built and last sold?

The property at 512 River Drive was built in 1984 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 512 River Drive is $6,969,000.

What are some comparable homes to 512 River Drive?

There are currently no comparable homes to 512 River Drive.

Vero Beach

32963

512 River Drive

$4,500,000

● Land - Off Market

512 River Drive

Vero Beach, FL 32963

Studio

0 Bath

$36,725

Est. Monthly

About This Property

In the prestigious enclave of Riomar Bay, this 0.55± acre riverfront property features 135± feet of river frontage, perfectly positioned to capture the refreshing southeastern breeze. This parcel offers an unparalleled opportunity to create your dream waterfront retreat. For those seeking an extraordinary estate, combine this parcel w/ the adjacent lot at 510 River Drive to establish a legacy riverfront compound spanning 2.18 acres with 594 feet of frontage. A one-of-a-kind offering without equal. Golf cart/walk to town, restaurants, beaches, farmer's market, and Quail Valley River Club.

Unit Size

Days on Market

381 days

Land Size

0.55 acres

Price per sqft

Property Type

Land

Property Taxes

$2,845

HOA Dues

Year Built

1984

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Last updated: 7 months ago (Indian River #286055)

Price History

Date / Event	Date	Event
Mar 20, 2026	Sold	Premium
Sold
Feb 19, 2026	In contract	-
In contract
Mar 4, 2025	No longer available	-
No longer available
Mar 4, 2025	Listed by One Sotheby's Int'l Realty	$6,900,000
Listed by One Sotheby's Int'l Realty
Mar 8, 2024	Listed by One Sotheby's Int'l Realty	$6,900,000
Listed by One Sotheby's Int'l Realty

	In the prestigious enclave of Riomar Bay, this 0.55 acre property with 135 ft of river frontage is ideally positioned to capture the prevailing southeastern breeze. Previously the guest house for a larger estate, the 3,806 SF building could easily be adapted for full time residency, or start over and build your dream home. Combine this w/ the adjacent parcel (510 River Drive) for a legacy property without equal (a total of 594 ft of river frontage and 2.18 acres). The possibilities are endless. Golf cart to town, restaurants, the beach, farmer's market & Quail Valley River Club.

Property Highlights

Garage

Building Info

Overview

General

Year Built: 1984

Effective Year Built: 1994
Building Count: 1
Total Rooms: 11
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: 18
Floor Count: 200
Living Units: 1
Floor Cover: 11
Basement Type: 0
Basement Area: 0
Parking Type: 5
Garage Type: 1
Garage Square Area: 1,917
Parking Space Count: 5
Patio Type: 79
Porch Type: 102
Pool Type: 0
Location Influence Type: 198

Dimensions

Lot Size Square Feet: 30,492

Lot Size Depth Feet: 2,315
Lot Size Frontage Feet: 1,218
Total Building Area: 5,723
Gross Building Area: 5,723
Building Area: 3,806
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 3,806
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: 0000000700
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 40 PBI 6-65 & 65A

Neighborhood

School District Name: Indian River County School District

Census Tract: 050505

Zoning

Zoning: R-1AA

Geography

Parcel: 33-40-05-00006-0000-00040.0

Lot: 40
Meridian: SEC 05 TWN 33S RNG 40E
Municipality: CITY OF VERO BEACH
Latitude: 27.6396
Longitude: -80.3625

Address

Full Address: 512 River Dr

Legal Unit: 1
Address - House Number: 512
Address - Street Name: River
Address - Suffix Type: Dr
State: FL
City Name: Vero Beach
Zip Code: 32963

Valuation

Tax

Total Area: 4,847

Tax Year: 2022
Tax Amount: $2,752,401
Tax Rate Code Area: 8

Appraisal Valuation

Standard Deviation: 0.1883

Valuation Date: Jan 27, 2024
Confidence Score: 75
Final Value: 2,808,701
High Value: 3,337,653
Low Value: 2,279,748

Market Valuation

Market Total Value: $1,876,767

Market Land Value: $1,329,107
Market Improvement Value: $547,660

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $1,876,767
Assessed Land Value: $1,329,107
Assessed Improvements Value: $547,660

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:

$499,700

Sale Price/ft²

$333

Below Asking

0.04%

Average Days on Market

Average Home Size

1995 ft²

Average Home Age

47.5 years

Currently For Sale

180 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: Cindy J O'Dare, One Sotheby's Int'l Realty
Last Updated: 7 months ago
Data Source: RAIRC, MLS# 286055

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.

512 River 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