When was property at 5123 Formosa Circle built and last sold?

The property at 5123 Formosa Circle was built in 2012 and last sold on Feb 28, 2024 for $575,000.

How much is this home worth?

The estimated value of the home located at 5123 Formosa Circle is $0.

What are some comparable homes to 5123 Formosa Circle?

There are currently no comparable homes to 5123 Formosa Circle.

Indian River

32967

5123 Formosa Creek

Sold on Mar 4, 2024

Map

$575,000

● House - Off Market

5123 Formosa Creek

Vero Beach, FL 32967

3 Beds

3 Baths

2,000 Ft²

$3,595

Est. Monthly

$449

HOA / Fees

About This Property

New Year, New Home! Experience resort-style living at its finest, complete with amenities such as pickleball, a fitness center, tennis courts, community activities, a community pool, and a clubhouse. Your home will become a private oasis with its own pool and privacy walls between homes, ensuring utmost comfort and relaxation. The property is conveniently located just 5.5 miles away from the beach, shopping centers, and restaurants, making it the perfect place for those seeking a balanced lifestyle.

Unit Size

2,000 Ft²

Days on Market

55 days

Land Size

Price per sqft

$295

Property Type

House

Property Taxes

$251

HOA Dues

$449

Year Built

2012

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Last updated: 18 days ago (Beaches MLS #F10417351)

Price History

Date / Event	Date	Event
Mar 4, 2024	Sold	Premium
Sold
Jan 17, 2024	In contract	-
In contract
Jan 9, 2024	Listed by Keller Williams Realty of VB	$589,500
Listed by Keller Williams Realty of VB

	New Year, New Home! Experience resort-style living at its finest, complete with amenities such as pickleball, a fitness center, tennis courts, community activities, a community pool, and a clubhouse. Your home will become a private oasis with its own pool and privacy walls between homes, ensuring utmost comfort and relaxation. The property is conveniently located just 5.5 miles away from the beach, shopping centers, and restaurants, making it the perfect place for those seeking a balanced lifestyle.
Oct 31, 2012	Sold	Premium
Sold

Property Highlights

Garage

Building Info

Overview

General

Year Built: 2012

Effective Year Built: 2012
Building Count: 1
Total Rooms: 6
Bedroom Count: 3
Bathroom Count: 3
Full Bathrooms: 2
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: 100
Living Units: 1
Floor Cover: 11
Basement Type: 0
Basement Area: 0
Parking Type: 5
Garage Type: 1
Garage Square Area: 463
Parking Space Count: 2
Patio Type: 11
Porch Type: 102
Pool Type: 8
Location Influence Type: 71

Dimensions

Lot Size Square Feet: 6,970

Lot Size Depth Feet: 1,357
Lot Size Frontage Feet: 500
Total Building Area: 2,463
Gross Building Area: 2,463
Building Area: 2,000
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 2,000
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: ISLES AT WATERWAY VILLAGE PD PLAT 1C REP
Land Acres: 0000000160
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 01
Legal Description 1: ISLES OF WATERWAY VILLAGE RE NO 1C LOT 351A PBI 25-16

Neighborhood

School District Name: Indian River County School District

Census Tract: 050811

Zoning

Zoning: PD

Geography

Parcel: 32-39-21-00011-0000-00351.0

Lot: 351A
Meridian: SEC 21 TWN 32S RNG 39E
Municipality: UNINCORPORATED
Latitude: 27.6874
Longitude: -80.4405

Address

Full Address: 5123 Formosa Cir

Address - House Number: 5123
Address - Street Name: Formosa
Address - Suffix Type: Cir
State: FL
City Name: Vero Beach
Carrier Code: R052
4-Digit Zip Code: 7646
Zip Code: 32967

Valuation

Tax

Total Area: 2,330

Tax Year: 2022
Tax Amount: $300,828
Tax Rate Code Area: 7

Appraisal Valuation

Standard Deviation: 0.0804

Valuation Date: Mar 20, 2024
Confidence Score: 94
Final Value: 571,387
High Value: 617,373
Low Value: 525,400

Market Valuation

Market Total Value: $384,321

Market Land Value: $34,000
Market Improvement Value: $350,321

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $241,754

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Feb 28, 2024

Current Sale Recording Date: Mar 06, 2024
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 10379
Previous Sale Recording Date: Oct 31, 2012
Previous Sale Contract Date: Oct 24, 2012
Previous Sale Amount: $289,400
Previous Sale Document Type: 71

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

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Comparables

About Indian River

Stats & Trends

Median Asking:

$390,450

Sale Price/ft²

$230

Below Asking

0.03%

Average Days on Market

Average Home Size

1957 ft²

Average Home Age

28.6 years

Currently For Sale

1642 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

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$1,250 /mo

1 Bed
1 Bath
340 ft²

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Unit for rent at 3370 45th Place, Vero Beach, FL, 32967

$1,200 /mo

2 Beds
1 Bath
572 ft²

3370 45th Place, Vero Beach, FL, 32967 Listing by Tareek S Beasley

Unit for rent at 4825 47th Court, Vero Beach, FL, 32967

$1,895 /mo

3 Beds
2 Baths
1,593 ft²

4825 47th Court, Vero Beach, FL, 32967 Listing by Cheryl L Smith

Rentals Near You

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Listed by: Kimberly Ann Small
Keller Williams Realty of Vero
Last Updated: 18 days ago
Data Source: Beaches MLS, MLS# F10417351

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.