When was property at 518 River Drive built and last sold?

The property at 518 River Drive was built in 1981 and last sold on Jun 8, 2018 for $2,100,000.

How much is this home worth?

The estimated value of the home located at 518 River Drive is $4,371,667.

What are some comparable homes to 518 River Drive?

There are currently no comparable homes to 518 River Drive.

Vero Beach

32963

518 River Drive

$4,495,000

● House - Off Market

518 River Drive

Vero Beach, FL 32963

3 Beds

3 Baths

2,582 Ft²

$23,841

Est. Monthly

0.14%

Cap Rate

About This Property

Experience waterfront living in this beautifully renovated Riomar Bay home, poised on over a half acre. Updated in 2018-2019, it features new wood floors, impact windows, a modern island kitchen with quartz countertops, a gas fireplace in the living room, and a primary bedroom with water views. Picturesque setting from the covered lanai overlooking the pool and the water. Electric heated pool, full-house generator, fence and a new dock with lift, floating dock, and seawall. Effective year built 1992. Sizes approx./Subj. to error.

Unit Size

2,582 Ft²

Days on Market

89 days

Land Size

Price per sqft

$1,741

Property Type

House

Property Taxes

$1,769

HOA Dues

Year Built

1981

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (Indian River #280742)

Price History

Date / Event	Date	Event
Oct 22, 2024	Sold	Premium
Sold
Jul 25, 2024	Listed by Dale Sorensen Real Estate Inc.	$4,495,000
Listed by Dale Sorensen Real Estate Inc.
Jun 8, 2018	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1981

Effective Year Built: 1998
Building Count: 1
Total Rooms: 6
Bedroom Count: 3
Bathroom Count: 3
Full Bathrooms: 3
Partial Bathrooms: 3
Bathroom Plumbing Fixtures: 12
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: 4
Floor Count: 100
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Parking Type: 6
Garage Type: 1
Garage Square Area: 884
Parking Space Count: 4
Patio Type: 11
Porch Type: 102
Pool Type: 8
Location Influence Type: 198

Dimensions

Lot Size Square Feet: 34,848

Lot Size Depth Feet: 2,328
Lot Size Frontage Feet: 1,283
Total Building Area: 3,466
Gross Building Area: 3,466
Building Area: 2,582
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 2,582
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: 0000000800
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 43 PBI 6-65 & 65A

Neighborhood

School District Name: Indian River County School District

Census Tract: 050504

Zoning

Zoning: R-1AA

Geography

Parcel: 33-40-05-00006-0000-00043.0

Lot: 43
Meridian: SEC 05 TWN 33S RNG 40E
Municipality: CITY OF VERO BEACH
Latitude: 27.6402
Longitude: -80.3617

Address

Full Address: 518 River Dr

Legal Unit: 1
Address - House Number: 518
Address - Street Name: River
Address - Suffix Type: Dr
State: FL
City Name: Vero Beach
Carrier Code: C016
4-Digit Zip Code: 2126
Zip Code: 32963

Valuation

Tax

Total Area: 3,245

Tax Year: 2022
Tax Amount: $2,064,268
Tax Rate Code Area: 8

Appraisal Valuation

Standard Deviation: 0.2129

Valuation Date: Jan 03, 2024
Confidence Score: 71
Final Value: 2,664,744
High Value: 3,232,095
Low Value: 2,097,394

Market Valuation

Market Total Value: $1,790,707

Market Land Value: $1,412,913
Market Improvement Value: $377,794

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $1,355,705

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Jun 08, 2018

Current Sale Recording Date: Jun 08, 2018
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 3120180035388

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

$334

Below Asking

0.04%

Average Days on Market

Average Home Size

1935 ft²

Average Home Age

47.6 years

Currently For Sale

207 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 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

Unit for rent at 559 6th Street, Vero Beach, FL, 32962

$2,395 /mo

2 Beds
2 Baths
1,364 ft²

559 6th Street, Vero Beach, FL, 32962 Listing by Carolyn E Mac Evoy

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Matilde G Sorensen, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 280742

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.

518 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