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Indian River Shores 32963
75 White Orchid Way
$1,300,000
● House - Off Market

75 White Orchid Way

Vero Beach, FL 32963
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,504 Ft²
$8,392
Est. Monthly
$850
HOA / Fees
0.44%
Cap Rate

About This Property

This 2019 courtyard home is an ideal getaway for the discerning buyer. Step inside to an open floor plan featuring elegant flooring, tons or molding, impact doors and windows, plantation shutters and a back-up generator for peace of mind. This meticulously maintained residence boasts a private pool, guest cabana, and expansive yard for your pets to roam freely. Nestled within a prestigious guard-gated community, Palm Island offers exclusive amenities such as an oceanfront beach clubhouse, a state-of-the-art fitness center, two community pools, and river access complete with boat slips.
Unit Size
2,504 Ft²
Days on Market
172 days
Land Size
0.12 acres
Price per sqft
$557
Property Type
House
Property Taxes
$692
HOA Dues
$850
Year Built
2019

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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 #278462)

Price History

Date / Event Date Event Price
Nov 12, 2024 Sold
Premium
Sold
Oct 6, 2024 In contract -
In contract
May 24, 2024 Listed by Dale Sorensen Real Estate Inc. $1,395,000
Listed by Dale Sorensen Real Estate Inc.
May 2, 2019 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • 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: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 0
  • Patio Type: 11
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,336
  • Lot Size Frontage Feet: 400
  • Total Building Area: 3,010
  • Gross Building Area: 3,010
  • Building Area: 2,504
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,504
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PALM ISLAND PLANTATION PRD PLAT 5
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: PALM ISLAND PLANTATION PRD PLAT 5 BLK G LOT 7 PBI 29-63

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050506

Zoning

  • Zoning: R-1A

Geography

  • Parcel: 31-39-36-00041-0000-00003.0
  • Block: G
  • Lot: 7
  • Meridian: SEC 36 TWN 31S RNG 39E
  • Municipality: TOWN OF INDIAN RIVER SHORES
  • Latitude: 27.7363
  • Longitude: -80.385

    Address

  • Full Address: 75 White Orchid Way
  • Address - House Number: 75
  • Address - Street Name: White Orchid
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R035
  • 4-Digit Zip Code: 3917
  • Zip Code: 32963

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $809,979
  • Tax Rate Code Area: 5

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 94
  • Final Value: 1,736,967
  • High Value: 1,875,797
  • Low Value: 1,598,138

    Market Valuation

  • Market Total Value: $860,707
  • Market Land Value: $170,000
  • Market Improvement Value: $690,707

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $703,759

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 24, 2019
  • Current Sale Recording Date: May 02, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120190025833
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 Indian River Shores

Stats & Trends

Median Asking:

$1,322,500

Sale Price/ft²

$479

Below Asking

0.04%

Average Days on Market

107

Average Home Size

2726 ft²

Average Home Age

34.5 years

Currently For Sale

85 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

Rentals Near You

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RAIRC

Listed by: Tripp Hernandez, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 278462
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 75 White Orchid Way built and last sold?
The property at 75 White Orchid Way was built in 2019 and last sold on Apr 24, 2019 for $931,900.
How much is this home worth?
The estimated value of the home located at 75 White Orchid Way is $1,410,335.
What are some comparable homes to 75 White Orchid Way?
There are currently no comparable homes to 75 White Orchid Way.
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