$229,500
●
Condo -
Off Market
548 7th Square #103
Vero Beach, FL 32962
2 Beds
2 Baths
1,095 Ft²
$2,024
Est. Monthly
$669
HOA / Fees
5.77%
Cap Rate
About This Property
Sought after Fountainhead condo 2BR-2BA-1 car garage on the 1st
floor with fountain & canal views from your shaded patio, living
room and bedrooms! Conveniently located off of Indian River
Blvd is just a short 3 miles from the beach with nearby shopping,
dining and theatre; IMPACT RESISTANT GLASS--no hurricane shutters
needed! Tile roofs replaced 2024 with new gutters & community
pool liner. Comfy unit can be sold furnished/negotiable.
Room dimensions approx. One pet w/25lb limit.
SOLD AS IS
Unit Size
1,095 Ft²
Days on Market
-
Land Size
-
Price per sqft
$210
Property Type
Condo
Property Taxes
$228
HOA Dues
$669
Year Built
-
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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 #282628)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2025 | No longer available | - | |
| No longer available | |||
| May 1, 2025 | No longer available | - | |
| No longer available | |||
| May 1, 2025 | Listed by Wild Orchid Realty | $229,500 | |
| Listed by Wild Orchid Realty | |||
| | |||
|
Sought after Fountainhead Condo 2BR-2BA-1 Car Garage on the 1st floor with fountain & canal views from your shaded patio, living room and bedrooms! Conveniently located off of Indian River Blvd just a short 3 miles from the beach with nearby shopping, dining and theatre; IMPACT RESISTANT GLASS--no hurricane shutters needed! Tile roofs replaced 2024 with new gutters & community pool liner. Comfy unit can be sold furnished/negotiable. Room dimensions approx. One pet w/25lb limit.
| |||
| Mar 29, 2025 | Relisted | $229,500 | |
| Relisted | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Attached, Driveway, Garage, Garage Door Opener, Paver Block
Garage Spaces: 1
Garage Spaces: 1
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Levels: Two
Interior Features: Primary Downstairs, Split Bedrooms
Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Washer
Flooring Type: Carpet, Tile
Living Area Square Feet Source: Assessor
Doors: Sliding Doors
Laundry Features: In Unit
Rooms: 6
Exterior Details
Year Built: 2005
Parcel Number: 33391300032012000103.0
Waterfront Features: Canal Access, Lake, Pond
Home Type: Residential
Architectural Style: Two Story
Roof: Tile
Window Features: Blinds, Window Treatments
Construction Materials: Block, Concrete, Stucco
Outdoor Living Structures: Patio
Pool Features: Pool, Community
Lot Information: Less Than Quarter Acre
Financial Details
Tax Year: 2023
Tax Annual Amount: $2,730
Utilities Details
Cooling Type: Central Air, Ceiling Fans, Electric, One Unit
Heating Type: Central, Electric
Location Details
Association Fee Includes: CommonAreas, CableTv, Internet, MaintenanceGrounds, MaintenanceStructure, RecreationFacilities, Roof, Security, Trash
Association Fee: $669
Association Fee Frequency: Monthly
Community Features: Clubhouse, Fitness, Pool
Security Features: Gated Community, Smoke Detectors
Subdivision: Fountainhead
Subdivision Name: Fountainhead
Directions: From Indian River Blvd, go west into the gated community of Fountainhead. Turn right to unit 548 located on the left.
Other Details
Listing Terms: Cash, FHA, NewLoan, VaLoan
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/05/2024
|
2 Bed
|
2 Bath
|
1095 ft²
|
$239,999
2 Bed
2 Bath
1095 ft²
|
-
-
|
Karen Johnson
Keller Williams Realty CS
| |
|
08/29/2023
|
2 Bed
|
2 Bath
|
1094 ft²
|
$220,000
2 Bed
2 Bath
1094 ft²
|
-
-
|
Craig Von Kohorn
Alex MacWilliam, Inc.
| |
|
03/01/2021
|
2 Bed
|
2 Bath
|
-
|
$249,900
2 Bed
2 Bath
|
$235,000
-5.96%
08/23/2021
|
Sherri Lynn Sproch
RE/MAX Crown Realty VB
| |
|
09/09/2019
|
2 Bed
|
2 Bath
|
-
|
$219,000
2 Bed
2 Bath
|
$219,000
10/29/2019
|
Kate Giovannone
| |
|
06/28/2015
|
2 Bed
|
2 Bath
|
1095 ft²
|
$142,000
2 Bed
2 Bath
1095 ft²
|
$137,000
-3.52%
09/30/2015
|
Cheryl P Goff
North County Properties
| |
|
09/18/2014
|
2 Bed
|
2 Bath
|
-
|
$165,000
2 Bed
2 Bath
|
$161,400
-2.18%
04/29/2015
|
Sally J Woods
Dale Sorensen RE North
| |
|
12/14/2011
|
2 Bed
|
2 Bath
|
-
|
$118,000
2 Bed
2 Bath
|
$115,000
-2.54%
06/29/2012
|
Dyan Chester
Wild Orchid Realty
|
Building Info
About Vero Beach South
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Listed by: Karen Johnson, Wild Orchid Realty
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 282628
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 282628
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