When was property at 556 Banyan Road built and last sold?

The property at 556 Banyan Road was built in 1968 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 556 Banyan Road is $745,725.

What are some comparable homes to 556 Banyan Road?

There are currently no comparable homes to 556 Banyan Road.

Vero Beach

32963

556 Banyan Road

$725,000

● House - Off Market

556 Banyan Road

Vero Beach, FL 32963

2 Beds

2 Baths

1,313 Ft²

$3,912

Est. Monthly

2.79%

Cap Rate

About This Property

Prime Investment Opportunity: This 2-bedroom, 2-bathroom home is strategically located on a spacious 85x140 lot in the heart of Central Beach, just steps away from pristine shores, shops, and delectable dining options.

Unit Size

1,313 Ft²

Days on Market

100 days

Land Size

0.27 acres

Price per sqft

$571

Property Type

House

Property Taxes

$229

HOA Dues

Year Built

1968

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (Indian River #283516)

Price History

Date / Event	Date	Event
Mar 7, 2025	Sold	Premium
Sold
Jan 25, 2025	In contract	-
In contract
Jan 22, 2025	Relisted	$750,000
Relisted
Jan 19, 2025	In contract	-
In contract
Nov 27, 2024	Listed by One Sotheby's Int'l Realty	$815,000
Listed by One Sotheby's Int'l Realty

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1968

Effective Year Built: 1968
Building Count: 1
Total Rooms: 4
Bedroom Count: 0
Bathroom Count: 2
Partial Bathrooms: 2
Bathroom Plumbing Fixtures: 6
Building Condition: 0
Building Quality: 7
Construction Type: 12
Building Style: 25
Exterior Walls Type: 7
Interior Walls Type: 6
Roof Shape Type: 1
Roof Cover Type: 14
Floor Count: 100
Living Units: 1
Floor Cover: 17
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 512
Parking Space Count: 2
Patio Type: 12
Porch Type: 102
Pool Type: 0
Location Influence Type: 131

Dimensions

Lot Size Square Feet: 11,761

Lot Size Depth Feet: 1,400
Lot Size Frontage Feet: 850
Total Building Area: 1,825
Gross Building Area: 1,825
Building Area: 1,313
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 1,313
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: VERO BEACH ESTATES
Land Acres: 0000000270
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 01
Legal Description 1: VERO BEACH ESTATES BLK 12 LOTS 8 & LOT 9, LESS E 15 FT PBS 5-8

Neighborhood

School District Name: Indian River County School District

Census Tract: 050505

Zoning

Zoning: R-1A

Geography

Parcel: 32-40-32-00006-0120-00008.0

Block: 12
Lot: 8,9
Meridian: SEC 32 TWN 32S RNG 40E
Municipality: CITY OF VERO BEACH
Latitude: 27.655
Longitude: -80.3632

Address

Full Address: 556 Banyan Rd

Address - House Number: 556
Address - Street Name: Banyan
Address - Suffix Type: Rd
State: FL
City Name: Vero Beach
Carrier Code: C005
4-Digit Zip Code: 1729
Zip Code: 32963

Valuation

Tax

Total Area: 1,581

Tax Year: 2022
Tax Amount: $253,449
Tax Rate Code Area: 8

Appraisal Valuation

Standard Deviation: 0.1883

Valuation Date: Jan 03, 2024
Confidence Score: 75
Final Value: 886,383
High Value: 1,053,313
Low Value: 719,454

Market Valuation

Market Total Value: $494,664

Market Land Value: $368,475
Market Improvement Value: $126,189

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $193,726

Exemptions

Widow Exemption: Yes

Homeowner Exemption: Yes

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Vero Beach

Stats & Trends

Median Asking:

$499,500

Sale Price/ft²

$333

Below Asking

0.04%

Average Days on Market

Average Home Size

1960 ft²

Average Home Age

47.1 years

Currently For Sale

208 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 1845 Robalo Drive, Vero Beach, FL, 32960

$2,200 /mo

2 Beds
2 Baths
1,000 ft²

1845 Robalo Drive #205, Vero Beach, FL, 32960 Listing by Jeremy Trumble

Unit for rent at 4890 Bethel Creek Drive, Vero Beach, FL, 32963

$2,000 /mo

2 Beds
2 Baths
1,244 ft²

4890 Bethel Creek Drive #5, Vero Beach, FL, 32963 Listing by Roberto E Berlingieri

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Sherrie A Coleman, One Sotheby's Int'l Realty
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 283516

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.

556 Banyan Road

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