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Vero Beach 32963
705 Turtle Cove Lane
$1,100,000
● House - Off Market

705 Turtle Cove Lane

Vero Beach, FL 32963
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,520 Ft²
$6,086
Est. Monthly
1.99%
Cap Rate

About This Property

Charming renovated island home within a few blocks to the beach. Features inside include a redesigned kitchen with a gas stove and a pot filler, coastal cabinets, tumbled travertine floors throughout, cathedral ceiling in living room, new water lines run to the kitchen and laundry room, interior painted in 2023, impact glass, tankless water heater, selling fully furnished. Outside features include a lovely new gas heated salt-water pool w/spa, new Hardi Plank cement fiber siding in 2021, new metal roof 2021, fenced yard, irrigation on well, STEP System. No HOA. Sizes approx./subj. to error.
Unit Size
1,520 Ft²
Days on Market
127 days
Land Size
-
Price per sqft
$757
Property Type
House
Property Taxes
$438
HOA Dues
-
Year Built
1989

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: 2 years ago (Indian River #280419)

Price History

Date / Event Date Event Price
Oct 16, 2024 Sold
Premium
Sold
Jun 11, 2024 Listed by Dale Sorensen Real Estate Inc. $1,150,000
Listed by Dale Sorensen Real Estate Inc.
Dec 21, 2023 Sold
Premium
Sold
Nov 23, 2023 No longer available -
No longer available
Nov 17, 2023 Price Decreased $995,000
↓ $155K (13.5%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 17
  • Building Style: 25
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 399
  • Parking Space Count: 1
  • Patio Type: 55
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 770
  • Total Building Area: 1,967
  • Gross Building Area: 2,249
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE OCEAN CORPORATION SUBDIVISION
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: OCEAN CORPORATION SUB BLK 11 LOT 7 LESS WLY 3 FT THEREOF PBI 3-9

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050508

Zoning

  • Zoning: R-1A

Geography

  • Parcel: 33-40-05-00012-0110-00007.0
  • Block: 11
  • Lot: 7
  • Meridian: SEC 05 TWN 33S RNG 40E
  • Municipality: CITY OF VERO BEACH
  • Latitude: 27.6279
  • Longitude: -80.3559

    Address

  • Full Address: 705 Turtle Cove Ln
  • Address - House Number: 705
  • Address - Street Name: Turtle Cove
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: C002
  • 4-Digit Zip Code: 2319
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 1,833
  • Tax Year: 2022
  • Tax Amount: $522,628
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.0802
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 94
  • Final Value: 961,569
  • High Value: 1,038,768
  • Low Value: 884,369

    Market Valuation

  • Market Total Value: $366,083
  • Market Land Value: $186,009
  • Market Improvement Value: $180,074

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $366,083
  • Assessed Land Value: $186,009
  • Assessed Improvements Value: $180,074

    Sales

  • Current Sale Contract Date: Dec 21, 2023
  • Current Sale Recording Date: Dec 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 62776
  • Previous Sale Recording Date: Mar 30, 2021
  • Previous Sale Contract Date: Mar 25, 2021
  • Previous Sale Amount: $520,000
  • Previous Sale Document Type: 71
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 Vero Beach

Stats & Trends

Median Asking:

$499,700

Sale Price/ft²

$334

Below Asking

0.04%

Average Days on Market

94

Average Home Size

1935 ft²

Average Home Age

47.6 years

Currently For Sale

207 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 2800 Indian River Boulevard, FL, 32960

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
2800 Indian River Boulevard #1, FL, 32960 Listing by Peter G Robinson
Unit for rent at 559 6th Street, Vero Beach, FL, 32962

$2,395 /mo

  • 2 Beds
  • 2 Baths
  • 1,364 ft²
559 6th Street, Vero Beach, FL, 32962 Listing by Carolyn E Mac Evoy

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Matilde G Sorensen, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 280419
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 705 Turtle Cove Lane built and last sold?
The property at 705 Turtle Cove Lane was built in 1989 and last sold on Dec 21, 2023 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 705 Turtle Cove Lane is $0.
What are some comparable homes to 705 Turtle Cove Lane?
There are currently no comparable homes to 705 Turtle Cove Lane.
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