When was property at 515 River Drive built and last sold?

The property at 515 River Drive was built in 1978 and last sold on Aug 25, 2020 for $2,695,000.

How much is this home worth?

The estimated value of the home located at 515 River Drive is $4,393,500.

What are some comparable homes to 515 River Drive?

There are currently no comparable homes to 515 River Drive.

Vero Beach

32963

515 River Drive

$4,150,000

● House - Off Market

515 River Drive

Vero Beach, FL 32963

5 Beds

6 Baths, 1 Half Bath

4,728 Ft²

$23,922

Est. Monthly

0.29%

Cap Rate

About This Property

Steps from Quail Valley River Club and Riomar Golf Course, this beautifully crafted 5BR/6.1BA home offers 4,728± SF of refined living on a lush .77± acre lot. Features include split floor plan, custom millwork, wood floors, Chef's Kitchen, Great Room, Library/Den, & a luxurious primary suite with dual baths. Enjoy seamless indoor-outdoor flow with an L-shaped heated pool, covered porch w/fireplace, and private bulkheaded dock with lift. A separate 2BR/2BA guest cabana with kitchenette adds privacy for guests. Includes a 3-car garage and generator. A premier Riomar Bay offering.

Unit Size

4,728 Ft²

Days on Market

70 days

Land Size

0.77 acres

Price per sqft

$920

Property Type

House

Property Taxes

$2,562

HOA Dues

Year Built

1978

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (Indian River #289687)

Price History

Date / Event	Date	Event
Aug 29, 2025	Sold	Premium
Sold
Jul 26, 2025	In contract	-
In contract
Jun 20, 2025	Listed by Premier Estate Properties	$4,350,000
Listed by Premier Estate Properties
Oct 6, 2021	No longer available	-
No longer available
Aug 26, 2020	Sold	Premium
Sold
Aug 14, 2020	In contract	-
In contract
Jul 31, 2020	No longer available	-
No longer available
Jun 20, 2020	No longer available	-
No longer available
Jun 19, 2020	Listed by Premier Estate Properties	$2,795,000
Listed by Premier Estate Properties
May 28, 2020	Price Decreased	$2,795,000 ↓ $200K (6.7%)
Price Decreased
Mar 9, 2020	Relisted	$2,995,000
Relisted
Mar 7, 2020	No longer available	-
No longer available
Jan 13, 2020	Price Decreased	$2,995,000 ↓ $200K (6.3%)
Price Decreased
Apr 4, 2019	Listed	$3,195,000
Listed

	Lushly landscaped waterfront in Riomar Bay w/floating dock & retaining wall off ICW. Excellent floor plan w/3 BD main house + a separate 2BR/2BA guest cabana. Tropical outdoor entertaining area & enclosed lanai with fireplace. Formal LR, DR, library, Chef's kitchen w/prep island & eating area, family room. Quality finishes throughout. Generator. Sizes approx see attached disclaimer.
Sep 16, 2015	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1978

Effective Year Built: 2008
Building Count: 1
Total Rooms: 10
Bedroom Count: 4
Bathroom Count: 8
Full Bathrooms: 7
Partial Bathrooms: 8
Bathroom Plumbing Fixtures: 25
Building Condition: 0
Building Quality: 1
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 6
Roof Shape Type: 8
Roof Cover Type: 18
Floor Count: 100
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Parking Type: 5
Garage Type: 1
Garage Square Area: 784
Parking Space Count: 2
Patio Type: 11
Porch Type: 111
Pool Type: 8
Location Influence Type: 71

Dimensions

Lot Size Square Feet: 33,541

Lot Size Depth Feet: 2,574
Lot Size Frontage Feet: 1,300
Total Building Area: 5,012
Gross Building Area: 5,615
Building Area: 4,228
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 4,228
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: 0000000770
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 28 PBI 6-65 & 65A

Neighborhood

School District Name: Indian River County School District

Census Tract: 050504

Zoning

Zoning: R-1AA

Geography

Parcel: 33-40-05-00006-0000-00028.0

Lot: 28
Meridian: SEC 05 TWN 33S RNG 40E
Municipality: CITY OF VERO BEACH
Latitude: 27.6405
Longitude: -80.3625

Address

Full Address: 515 River Dr

Legal Unit: 1
Address - House Number: 515
Address - Street Name: River
Address - Suffix Type: Dr
State: FL
City Name: Vero Beach
Carrier Code: C016
4-Digit Zip Code: 2127
Zip Code: 32963

Valuation

Tax

Total Area: 5,224

Tax Year: 2022
Tax Amount: $2,859,646
Tax Rate Code Area: 8

Appraisal Valuation

Standard Deviation: 0.1873

Valuation Date: Jan 03, 2024
Confidence Score: 75
Final Value: 4,168,741
High Value: 4,949,893
Low Value: 3,387,589

Market Valuation

Market Total Value: $2,888,223

Market Land Value: $1,498,380
Market Improvement Value: $1,389,843

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $1,866,466

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Aug 25, 2020

Current Sale Recording Date: Aug 26, 2020
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 3120200050006
Previous Sale Recording Date: Sep 16, 2015
Previous Sale Contract Date: Sep 15, 2015
Previous Sale Amount: $2,500,000
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Financing Type:

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 Vero Beach

Stats & Trends

Median Asking:

$499,500

Sale Price/ft²

$333

Below Asking

0.04%

Average Days on Market

Average Home Size

1966 ft²

Average Home Age

47.2 years

Currently For Sale

206 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 677 Royal Palm Boulevard, Vero Beach, FL, 32960

$1,550 /mo

2 Beds
2 Baths
1,200 ft²

677 Royal Palm Boulevard #12, Vero Beach, FL, 32960 Listing by Roberto E Berlingieri

Unit for rent at 2800 Indian River Boulevard, FL, 32960

$2,500 /mo

2 Beds
2 Baths
1,000 ft²

2800 Indian River Boulevard #1, FL, 32960 Listing by Peter G Robinson

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Melissa E Talley, Premier Estate Properties
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 289687

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.

515 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