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Winter Beach 32967
5525 40th Avenue
$525,000
● House - Off Market

5525 40th Avenue

Vero Beach, FL 32967
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,810 Ft²
$3,173
Est. Monthly
$293
HOA / Fees
3.34%
Cap Rate

About This Property

FULLY LOADED 2017 one owner lakefront pool home with spectacular views! 1810 ac sq ft this MONTICELLO model has it all - Impact windows & doors, Exotic Brazilian marble kitchen countertops, new ss KitchenAid Appliances, full house water & air purification systems, tray ceilings, ca closets, plantation shutters, dry cleaning unit, travertine bath countertops, double rain shower, outdoor butcher block sink/prep area, hot tub, Clubhouse, fitness center & gated! Room sizes approx & subject to error.
Unit Size
1,810 Ft²
Days on Market
89 days
Land Size
-
Price per sqft
$292
Property Type
House
Property Taxes
$282
HOA Dues
$293
Year Built
2017

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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 #286146)

Price History

Date / Event Date Event Price
Jun 3, 2025 Sold
Premium
Sold
May 5, 2025 In contract -
In contract
Apr 23, 2025 Price Decreased $529,000
↓ $21K (3.8%)
Price Decreased
Mar 6, 2025 Listed by Dale Sorensen Real Estate Inc. $550,000
Listed by Dale Sorensen Real Estate Inc.
Jan 3, 2018 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 380
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 71

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 550
  • Total Building Area: 2,190
  • Gross Building Area: 2,262
  • Building Area: 1,810
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,810
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VEROLAGO PHASE 4
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 00
  • Legal Description 1: VEROLAGO PHASE 4 LOT 186 PBI 20-38

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050811

Zoning

  • Zoning: RS-6

Geography

  • Subdivision Phase Number: 4
  • Parcel: 32-39-15-00003-0000-00186.0
  • Lot: 186
  • Meridian: SEC 15 TWN 32S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6946
  • Longitude: -80.4263

    Address

  • Full Address: 5525 40th Ave
  • Address - House Number: 5525
  • Address - Street Name: 40th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R006
  • 4-Digit Zip Code: 2468
  • Zip Code: 32967

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $315,094
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1785
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 537,933
  • High Value: 633,983
  • Low Value: 441,882

    Market Valuation

  • Market Total Value: $361,912
  • Market Land Value: $38,250
  • Market Improvement Value: $323,662

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $251,926

    Sales

  • Current Sale Contract Date: Dec 29, 2017
  • Current Sale Recording Date: Jan 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3120180000409
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 Winter Beach

Stats & Trends

Median Asking:

$590,000

Sale Price/ft²

$239

Below Asking

0.03%

Average Days on Market

94

Average Home Size

2420 ft²

Average Home Age

14.1 years

Currently For Sale

80 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

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RAIRC

Listed by: Christine M Hughes, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 286146
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 5525 40th Avenue built and last sold?
The property at 5525 40th Avenue was built in 2017 and last sold on Dec 29, 2017 for $295,900.
How much is this home worth?
The estimated value of the home located at 5525 40th Avenue is $530,380.
What are some comparable homes to 5525 40th Avenue?
There are currently no comparable homes to 5525 40th Avenue.
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