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South Beach 32963
655 Reef Road
$900,000
● House - Off Market

655 Reef Road

Vero Beach, FL 32963
bedrooms
5 Beds
bathrooms
5 Baths
$2,047,197
RealtyHop Estimate
109.97%
Since Mar 1, 2013
National-US
Primary Model

About This Property

Remodeled and professionally decorated 2-story home across from deeded beach access. Offers a spacious, main floor master suite, private in-law suite, gourmet granite kitchen, family room with fireplace and wet bar, and upstairs living area with ocean view. Enjoy a heated pool and screened patio with hot tub surrounded by lush landscaping. View ebook: http://tinyurl.com/7xd8tlx
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$887
HOA Dues
$400
Year Built
1991

Payment Calculator

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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: 3 years ago (Space Coast MLS #643043)

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Jul 23, 2021 Sold
Premium
Sold
May 19, 2021 In contract -
In contract
May 14, 2021 Price Decreased $1,995,000
↓ $105K (5%)
Price Decreased
Apr 9, 2021 Price Decreased $2,100,000
↓ $299K (12.5%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 591
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 201

    Dimensions

  • Lot Size Square Feet: 21,780
  • Lot Size Depth Feet: 1,675
  • Lot Size Frontage Feet: 1,216
  • Total Building Area: 4,517
  • Gross Building Area: 4,517
  • Building Area: 3,926
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,926
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OCEANSIDE REPLAT SUB
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: OCEANSIDE/OCEANSIDE REPLAT SUB LOT 22 PBI 10-20

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050509

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-21-00009-0000-00022.0
  • Lot: 22
  • Meridian: SEC 21 TWN 33S RNG 40E
  • Municipality: UNINCORPORATED
  • Latitude: 27.5915
  • Longitude: -80.3314

    Address

  • Full Address: 655 Reef Rd
  • Address - House Number: 655
  • Address - Street Name: Reef
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R002
  • 4-Digit Zip Code: 2804
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 4,065
  • Tax Year: 2022
  • Tax Amount: $2,214,544
  • Tax Rate Code Area: 7V

    Appraisal Valuation

  • Standard Deviation: 0.2129
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 2,577,674
  • High Value: 3,126,486
  • Low Value: 2,028,862

    Market Valuation

  • Market Total Value: $1,603,999
  • Market Land Value: $527,757
  • Market Improvement Value: $1,076,242

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,603,999
  • Assessed Land Value: $527,757
  • Assessed Improvements Value: $1,076,242

    Sales

  • Current Sale Contract Date: Jul 21, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210052972
  • Previous Sale Recording Date: Feb 27, 2013
  • Previous Sale Contract Date: Feb 14, 2013
  • Previous Sale Amount: $900,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 South Beach

Stats & Trends

Median Asking:

$975,000

Sale Price/ft²

$471

Below Asking

0.03%

Average Days on Market

101

Average Home Size

2704 ft²

Average Home Age

40 years

Currently For Sale

62 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 300 Harbour Drive, Vero Beach, FL, 32963

$10,000 /mo

  • 2 Beds
  • 2 Baths
  • 2,100 ft²
300 Harbour Drive #106B, Vero Beach, FL, 32963 Listing by Marsha M Sherry
Unit for rent at 1815 Mooringline Drive, Vero Beach, FL, 32963

$3,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,880 ft²
1815 Mooringline Drive #2E, Vero Beach, FL, 32963 Listing by Abigail Vollmann

Rentals Near You

Click here to view more rentals in the neighborhood.
SpaceCoast

Listed by: Michael G Thorpe, Treasure Coast Sotheby's Int'l
Last Updated: 3 years ago
Data Source: Space Coast MLS, MLS# 643043
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 655 Reef Road built and last sold?
The property at 655 Reef Road was built in 1991 and last sold on Jul 21, 2021 for $1,950,000.
How much is this home worth?
The estimated value of the home located at 655 Reef Road is $0.
What are some comparable homes to 655 Reef Road?
There are currently no comparable homes to 655 Reef Road.
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