When was property at 5137 Formosa Circle built and last sold?

The property at 5137 Formosa Circle was built in 2012 and last sold on May 11, 2022 for $531,000.

How much is this home worth?

The estimated value of the home located at 5137 Formosa Circle is $528,588.

What are some comparable homes to 5137 Formosa Circle?

There are currently no comparable homes to 5137 Formosa Circle.

Indian River

32967

5137 Formosa Circle

Map

$525,000

● House - Off Market

5137 Formosa Circle

Vero Beach, FL 32967

3 Beds

3 Baths

2,018 Ft²

$3,559

Est. Monthly

$484

HOA / Fees

About This Property

NEW AND IMPROVED PRICE! Welcome to your lakefront retreat in this beautifully updated 3BR/3BA 2012 Oakmont in desirable gated Isles at Waterway Village. Over $83K+ in upgrades - every detail shines-from the renovated kitchen with Fantasy granite to updated lighting, fixtures, and finishes throughout. Extended Lanai, Safe Room with hurricane shutters to add peace of mind, while thoughtful enhancements inside and out create a move-in ready home that lives like a private coastal escape. Resort style community features include clubhouse, gym, pickleball/tennis courts, heated pool and much more!

Unit Size

2,018 Ft²

Days on Market

Land Size

Price per sqft

$260

Property Type

House

Property Taxes

$497

HOA Dues

$484

Year Built

2012

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Last updated: 27 days ago (Indian River #296066)

Price History

Date / Event	Date	Event
Oct 1, 2026	No longer available	-
No longer available
Jul 2, 2026	Price Decreased	$525,000 ↓ $25K (4.5%)
Price Decreased
May 22, 2026	Price Decreased	$549,900 ↓ $20K (3.5%)
Price Decreased
Mar 26, 2026	Listed by RE/MAX Crown Realty VB	$569,900
Listed by RE/MAX Crown Realty VB
May 31, 2022	No longer available	-
No longer available
May 27, 2022	Sold	Premium
Sold
Mar 22, 2022	In contract	-
In contract
Mar 7, 2022	No longer available	-
No longer available
Mar 4, 2022	Listed by Keller Williams Realty of PSL	$529,900
Listed by Keller Williams Realty of PSL

	Popular Oakmont model with 3 bedrooms, plus a den and 2.5 bathrooms with a safe room. The Kitchen has 42'' wood cabinets, granite counters & stainless steel refrigerator, stove, and dishwasher (were replaced within the last couple of years) an open concept with views of the living room and lanai. Enjoy the beautiful extended lanai overlooking the lake. Accordion shutters on all windows. The front door is impact glass. Original owners, house is meticulously maintained. Plenty of community amenities to enjoy, heated pool, fitness room, game room, clubhouse and tennis courts.
Jan 11, 2022	Listed by RE/MAX Crown Realty VB	$529,900
Listed by RE/MAX Crown Realty VB
Jun 1, 2012	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

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: 73
Porch Type: 111
Pool Type: 0
Location Influence Type: 71

Dimensions

Lot Size Square Feet: 7,841

Lot Size Depth Feet: 1,350
Lot Size Frontage Feet: 761
Total Building Area: 2,463
Gross Building Area: 2,511
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: 0000000180
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 354A PBI 25-16

Neighborhood

School District Name: Indian River County School District

Census Tract: 050811

Zoning

Zoning: PD

Geography

Parcel: 32-39-21-00011-0000-00354.0

Lot: 354A
Meridian: SEC 21 TWN 32S RNG 39E
Municipality: UNINCORPORATED
Latitude: 27.6878
Longitude: -80.4402

Address

Full Address: 5137 Formosa Cir

Address - House Number: 5137
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: $296,435
Tax Rate Code Area: 7

Appraisal Valuation

Standard Deviation: 0.2084

Valuation Date: Jan 03, 2024
Confidence Score: 71
Final Value: 566,371
High Value: 684,443
Low Value: 448,298

Market Valuation

Market Total Value: $374,837

Market Land Value: $51,000
Market Improvement Value: $323,837

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $238,622

Sales

Current Sale Contract Date: May 11, 2022

Current Sale Recording Date: May 27, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 34234
Previous Sale Recording Date: Jun 01, 2012
Previous Sale Contract Date: May 25, 2012
Previous Sale Amount: $245,925
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

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 Indian River

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$229

Below Asking

0.03%

Average Days on Market

Average Home Size

1979 ft²

Average Home Age

28.6 years

Currently For Sale

1558 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 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 5866 37th Street, Vero Beach, FL, 32966

$4,300 /mo

4 Beds
3 Baths
2,511 ft²

5866 37th Street, Vero Beach, FL, 32966 Listing by Jeffrey R Ripple

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Diane Litzinger, RE/MAX Crown Realty VB
Last Updated: 27 days ago
Data Source: RAIRC, MLS# 296066

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.