by Global Lifestyle Properties

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$9,900,000
● House - In Contract

716 REEF ROAD

VERO BEACH, FL 32963
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
7,687 Ft²
$56,764
Est. Monthly
$54
HOA / Fees

About This Property

Under contract-accepting backup offers. The ocean does all the talking here !! Come and experience  this extraordinary opportunity to own a rare, direct oceanfront estate where timeless architecture meets unobstructed coastal views. The home offers panoramic ocean views from both upstairs and downstairs. The home has been thoughtfully designed with expansive living spaces, walls of glass, and refined finishes which captures the essence of luxury living by the sea. With sweeping views, immediate beach access, and a setting that cannot be replicated, the property is ideal for those seeking a private coastal home in an unparalleled location. The home was built in 2010, with approximately 7,000 square feet of living space. The existing roof was fully replaced with a new metal roof in February 2026. The home offers five bedrooms, five bathrooms, and one half bath. Large open living areas flow from one space to another, with an abundance of natural light. There is an elevator connecting the floors, making access between levels easy and seamless. The flooring is wood and marble with beautiful French doors facing the ocean. The chef friendly kitchen is equipped with a large kitchen island and pantry. In addition to an eat-in kitchen area, there's a distinct formal dining space for dinners with guests. The five bedrooms are large with walk-in closets and built-in shelving. The bathrooms have marble and custom tile. The primary bathroom has separate showers with elegant fixtures. The home also offers an unfinished bonus room with air conditioning already installed. The new owners can add their personal touch to this one thousand square foot area for a private studio, office or game room.  The pool area and backyard are absolutely stunning and one hundred and sixty four feet of private ocean frontage awaits the lucky buyers. Simply put, this property delivers space, privacy, and oceanfront presence at a level few homes can match. Bring your buyers for a showing, they will definitely thank you !!
Unit Size
7,687 Ft²
Days on Market
-
Land Size
1.63 acres
Price per sqft
$1,288
Property Type
House
Property Taxes
$8,099
HOA Dues
$54
Year Built
1954

Listed By

Michelle Bustamante
Engel & Volkers Clermont

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Last updated: 13 days ago (Stellar MLS #G5111290)

Price History

Date / Event Date Event Price
Oct 20, 2026 In contract -
In contract
Apr 20, 2026 Listed by ELITE EVOLUTION PROPERTIES $9,900,000
Listed by ELITE EVOLUTION PROPERTIES
May 3, 2021 Sold
Sold
Aug 10, 2020 Listed by ELITE EVOLUTION PROPERTIES $6,800,000
Listed by ELITE EVOLUTION PROPERTIES
Jul 31, 2017 Listed $7,895,000
Listed
Inspired by the plantation houses of Martinique & decorated with replicated period furniture, this 7,000 sq ft home is reminiscent of the French Caribbean. Situated on a private oversized estate lot with spectacular ocean views from every room, with 164ft of ocean frontage. Near exclusive Ocean Drive & walking distance to the Moorings Club. Furnishings & 22' dock avai. Rm size sub to err
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Property Highlights

Elevator
Garage
Parking Available
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Covered, Driveway, Garage Door Opener, On Street, Oversized, Underground, Ground Level
Garage Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Elevator, High Ceilings, Open Floorplan, Stone Counters, Tray Ceiling(s), Walk-In Closet(s), Eating Space In Kitchen, L Dining, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments
Appliances: Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Range, Refrigerator, Washer
Flooring Type: Marble, Hardwood
Door Features: French Doors
Laundry Features: Electric Dryer Hookup, Inside, Laundry Room
Rooms: 10
Has Fireplace
Fireplace Features: Family Room, Gas, Master Bedroom
Exterior Details
Square Footage: 7687
Square Footage Source: $0
Security Features: Fire Alarm, Security Gate, Security System, Smoke Detector(s)
Property Condition: Completed
Architectural Style: Traditional
Year Built: 1954
Waterfront Features: Beach Access
Waterbody Name: ATLANTIC OCEAN
Building Area Total: 9765
Levels: Two
Building Area Units: Square Feet
Window Features: Aluminum Frames, Double Pane Windows, Drapes, Window Treatments, Wood Frames, Shades
Construction Materials: Block, Concrete, Stucco
Patio and Porch Features: Deck, Front Porch, Patio, Rear Porch
Pool Features: Gunite, Heated, In Ground, Infinity, Lap, Deck, Lighting
Pool is Private
Lot Features: Cleared, City Lot, Landscaped, Private, CoastalConstruction Control Line, FloodZone, Oversized Lot
Lot Size Area: 1.63
Lot Size Units: Acres
Lot Size Acres: 1.63
Lot Size Square Feet: 71002
Tax Lot: 1
Water Source: Public, Well
Financial Details
Tax Annual Amount: $97,183
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Electric
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: None
HOA Fee: $54
HOA Fee Frequency: Monthly

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 2011
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 20
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 1,492
  • Parking Space Count: 5
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 132

    Dimensions

  • Lot Size Square Feet: 57,499
  • Lot Size Depth Feet: 3,370
  • Lot Size Frontage Feet: 1,536
  • Total Building Area: 8,088
  • Gross Building Area: 8,088
  • Building Area: 6,596
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 6,596
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLORALTON BEACH SUB NO 1
  • Land Acres: 0000001320
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: PLAT NO 1 FLORALTON BEACH PBI 3-20 BLK A LOT 1 TOGETHER WITH ALL LITTORAL AND RIPARIAN RIGHTS THEREUNTO BELONGING OR APPERTAINING FROM THE SW COR OF GOV LOT 1 SEC 22 RUN E ON THE S BNDY LINE OF SAID GOV LOT 1 FOR A DIS OF 610.84 TO THE POINT OF INTSC

Neighborhood

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

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-22-00001-0001-00001.0
  • Block: A
  • Lot: 1
  • Meridian: SEC 22 TWN 33S RNG 40E
  • Municipality: UNINCORPORATED
  • Latitude: 27.5897
  • Longitude: -80.33

    Address

  • Full Address: 716 Reef Rd
  • Address - House Number: 716
  • Address - Street Name: Reef
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R002
  • 4-Digit Zip Code: 2919
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 6,901
  • Tax Year: 2022
  • Tax Amount: $7,674,483
  • Tax Rate Code Area: 7R

    Market Valuation

  • Market Total Value: $5,454,446
  • Market Land Value: $3,207,428
  • Market Improvement Value: $2,247,018

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,454,446
  • Assessed Land Value: $3,207,428
  • Assessed Improvements Value: $2,247,018

    Sales

  • Current Sale Contract Date: Apr 29, 2021
  • Current Sale Recording Date: May 03, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210031306
  • Previous Sale Recording Date: Nov 04, 1997
  • Previous Sale Contract Date: Oct 29, 1997
  • Previous Sale Amount: $585,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Beach


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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


Frequently Asked Questions

When was property at 716 Reef Road built and last sold?
The property at 716 Reef Road was built in 1954 and last sold on Apr 29, 2021 for $6,800,000.
How much is this home worth?
The estimated value of the home located at 716 Reef Road is $9,999,000.
What are some comparable homes to 716 Reef Road?
There are currently no comparable homes to 716 Reef Road.