$4,500,000
●
House -
For Sale
545 White Pelican Circle
Vero Beach, FL 32963
5 Beds
6 Baths,
1
Half Bath
5,564 Ft²
$24,037
Est. Monthly
$516
HOA / Fees
About This Property
Enjoy rare & captivating estuary views from this exceptional Orchid
Island home. A beautifully finished guest house features 2
bedrooms/2 baths, great room & kitchenette, providing an elegant
retreat for family & friends. The main home includes 3 Bedrooms/3.5
baths, great room w/bar area, formal dining, office & upstairs
balcony w/Estuary views. Courtyard pool & a private dock for
kayaking or fishing. Thoughtfully maintained with a 2017 roof, full
impact glass & generator. Move-in ready & perfectly suited for
effortless coastal living. Orchid Membership required. Sizes
approx./subj. to error.
Unit Size
5,564 Ft²
Days on Market
117 days
Land Size
-
Price per sqft
$809
Property Type
House
Property Taxes
$1,425
HOA Dues
$516
Year Built
2000
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 8 days ago (Indian River #297910)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2026 | Listed by Dale Sorensen Real Estate Inc. | $4,500,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
| May 11, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 23, 2026 | Listed by Dale Sorensen Real Estate Inc. | $4,995,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
| | |||
|
Set within Orchid Island Golf & Beach Club, this waterfront estate captures tranquil estuary views with private access for fishing and kayaking. Designed for gathering across generations, the property includes a fully outfitted 2BR/2BA guest cabana with sitting room and kitchenette w/ dishwasher, washer/dryer- ideal for extended stays. The main residence features a great room, formal dining, island kitchen with butler’s pantry, waterfront breakfast nook, and office with custom built-ins. Full-home generator, 3-car garage with A/C flex space. Membership required. Sizes approx./subject to error.
| |||
| Jan 6, 1999 | Sold | ||
| Sold | |||
| Jul 1, 1998 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Attached, Garage, Garage Door Opener, ThreeCarGarage, ThreeOrMoreSpaces
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 6
Interior Features: Wet Bar, Crown Molding, High Ceilings, Kitchen Island, Pantry, Walk-In Closet(s), Central Vacuum, ClosetCabinetry, PrimaryDownstairs
Appliances: Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Wine Cooler, Washer, BuiltInOven
Flooring Type: Carpet, Tile, Wood
Door Features: Sliding Doors
Laundry Features: Laundry Room, LaundryTub
Rooms: 12
Exterior Details
Square Footage: 5564
Square Footage Source: $0
Security Features: Gated with Guard, Security Guard
Architectural Style: TwoStory
Year Built: 2000
Waterfront Features: Navigable Water, Beach Access
Levels: Two
Other Structures: Cabana
Window Features: Window Treatments
Construction Materials: Block, Concrete
Patio and Porch Features: Covered, Patio, Porch
Pool Features: Electric Heat, Heated, Private, Salt Water, Community, Pool
Pool is Private
Lot Features: HalfToOneAcreLot
Lot Size Units: Acres
Lot Size Dimensions: 127x203
Tax Lot: 288
Water Source: Public
Financial Details
Tax Assessed Value: $1,274,256
Tax Annual Amount: $17,095
Utilities Details
Cooling Type: Central Air, Electric, ThreeOrMoreUnits
Heating Type: Central, Electric
Sewer : CountySewer
Location Details
HOA/Condo/Coop Fee Includes: Security, CommonAreas, ReserveFund
HOA/Condo/Coop Amenities: DuesPaidQuarterly
HOA Fee: $516
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Orchid
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Matilde G Sorensen, Dale Sorensen Real Estate Inc.
Last Updated: 8 days ago
Data Source: RAIRC, MLS# 297910
Last Updated: 8 days ago
Data Source: RAIRC, MLS# 297910
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017