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Vero Beach 32963
516 Honeysuckle Lane
$1,305,000
● House - Off Market

516 Honeysuckle Lane

Vero Beach, FL 32963
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,081 Ft²
$7,047
Est. Monthly
1.39%
Cap Rate

About This Property

Central Beach Gem – Your Dream Home Awaits! Nestled in the heart of Central Beach, this 3-bedroom, 2.5-bath home is a coastal retreat ready to be your new home! Enjoy sunlit spaces with vaulted ceilings, plantation shutters, and the security of impact windows, a brand-new roof & gutters. Amazing outside pool, gardens for relaxing or entertaining. Minutes from the beach, Riverside Park,VBMA, Riverside Theatre, & of Ocean Dr. MUST SEE!! NO HOA- PET FRIENDLY!  Sizes are approx/subj to error.
Unit Size
2,081 Ft²
Days on Market
66 days
Land Size
-
Price per sqft
$622
Property Type
House
Property Taxes
$688
HOA Dues
-
Year Built
1964

Payment Calculator

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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: 2 years ago (Indian River #286241)

Price History

Date / Event Date Event Price
May 15, 2025 Sold
Premium
Sold
Mar 18, 2025 In contract -
In contract
Mar 10, 2025 Listed by Dale Sorensen Real Estate Inc. $1,295,000
Listed by Dale Sorensen Real Estate Inc.
Jan 14, 2019 Sold
Premium
Sold
Jan 23, 2013 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 8
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 550
  • Parking Space Count: 2
  • Patio Type: 11
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 11,326
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,631
  • Gross Building Area: 2,631
  • Building Area: 2,081
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,081
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER OAKS ESTATES UNIT 3
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: RIVER OAKS ESTATES UNIT 3 BLK 6 LOT 11 PBI 7-30

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050504

Zoning

  • Zoning: R-1A

Geography

  • Parcel: 32-40-32-00009-0060-00011.0
  • Block: 6
  • Lot: 11
  • Meridian: SEC 32 TWN 32S RNG 40E
  • Municipality: CITY OF VERO BEACH
  • Latitude: 27.647
  • Longitude: -80.3637

    Address

  • Full Address: 516 Honeysuckle Ln
  • Legal Unit: 3
  • Address - House Number: 516
  • Address - Street Name: Honeysuckle
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 1809
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 2,490
  • Tax Year: 2022
  • Tax Amount: $793,926
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 73
  • Final Value: 1,215,152
  • High Value: 1,457,178
  • Low Value: 973,126

    Market Valuation

  • Market Total Value: $688,152
  • Market Land Value: $386,750
  • Market Improvement Value: $301,402

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $540,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 14, 2019
  • Current Sale Recording Date: Jan 14, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120190002653
  • Previous Sale Recording Date: Jan 23, 2013
  • Previous Sale Contract Date: Jan 23, 2013
  • Previous Sale Amount: $485,000
  • 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 Vero Beach

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$331

Below Asking

0.04%

Average Days on Market

93

Average Home Size

1974 ft²

Average Home Age

47.6 years

Currently For Sale

211 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 1166 6th Avenue, VERO BEACH, FL, 32960

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,140 ft²
1166 6th Avenue #15C, VERO BEACH, FL, 32960 Listing by Gene Billero
Unit for rent at 1140 Cheval Drive, Vero Beach, FL, 32960

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,723 ft²
1140 Cheval Drive, Vero Beach, FL, 32960 Listing by Claudia Marie Hart

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: June Antoinette Fitzgerald, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 286241
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.

Frequently Asked Questions

When was property at 516 Honeysuckle Lane built and last sold?
The property at 516 Honeysuckle Lane was built in 1964 and last sold on Jan 14, 2019 for $645,000.
How much is this home worth?
The estimated value of the home located at 516 Honeysuckle Lane is $1,290,484.
What are some comparable homes to 516 Honeysuckle Lane?
There are currently no comparable homes to 516 Honeysuckle Lane.
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