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Indian River 32967
7985 99th Avenue
$490,000
● House - Off Market

7985 99th Avenue

Vero Beach, FL 32967
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,142 Ft²
$2,440
Est. Monthly
5.79%
Cap Rate

About This Property

LUXURIOUSLY COMPLETELY RECONSTRUCTED 4 BED/3 FULL BATH HOME; YES, EVERYTHING IS NEW! FEATURING HUGE LANAI, TILE FLOORING THROUGHOUT, AN OPEN SPLIT FLOOR PLAN, A LARGE KITCHEN WITH 42" CABINETS, QUARTZ TOPS & STAINLESS-STEEL APPLIANCES. 2 CAR GARAGE WITH EPOXY FLOOR, TANKLESS WATER HEATER & FENCED POOL. THE PRIVATE, HUGE LANAI AND POOL ARE PERFECT FOR ENTERTAINING. room sizes appx & subject to error.
Unit Size
2,142 Ft²
Days on Market
41 days
Land Size
0.22 acres
Price per sqft
$229
Property Type
House
Property Taxes
$34
HOA Dues
-
Year Built
2006

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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 #288939)

Price History

Date / Event Date Event Price
Jul 28, 2025 Sold
Premium
Sold
Jul 3, 2025 In contract -
In contract
Jun 17, 2025 Listed by Dale Sorensen Real Estate Inc. $490,000
Listed by Dale Sorensen Real Estate Inc.
Jun 12, 2019 Sold
Premium
Sold
Oct 28, 2016 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 11
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 7
  • Garage Square Area: 464
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,297
  • Gross Building Area: 3,565
  • Building Area: 2,297
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,297
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: VERO LAKE ESTATES UNIT L
  • Land Acres: 0000000220
  • Standard Land Use Code: 8001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: VERO LAKE ESTATES UNIT L BLK C LOT 9 PBI 5-86

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050903

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 31-38-33-00003-0030-00009.0
  • Block: C
  • Lot: 9
  • Meridian: SEC 33 TWN 31S RNG 38E
  • Municipality: UNINCORPORATED
  • Latitude: 27.7397
  • Longitude: -80.5301

    Address

  • Full Address: 7985 99th Ave
  • Legal Unit: L
  • Address - House Number: 7985
  • Address - Street Name: 99th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R004
  • 4-Digit Zip Code: 6428
  • Zip Code: 32967

Valuation

    Tax

  • Total Area: 2,653
  • Tax Year: 2022
  • Tax Amount: $33,771
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 3C

    Market Valuation

  • Market Total Value: $20,400
  • Market Land Value: $20,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,400
  • Assessed Land Value: $20,400

    Sales

  • Current Sale Contract Date: Apr 29, 2019
  • Current Sale Recording Date: Jun 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120190034863
  • Previous Sale Recording Date: Oct 28, 2016
  • Previous Sale Contract Date: Oct 26, 2016
  • Previous Sale Amount: $10,000
  • 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 Indian River

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$229

Below Asking

0.03%

Average Days on Market

86

Average Home Size

1971 ft²

Average Home Age

28.4 years

Currently For Sale

1519 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 8075 104th Avenue, Vero Beach, FL, 32967

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,610 ft²
8075 104th Avenue, Vero Beach, FL, 32967 Listing by Erica V Ogilvie

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Jim Belanger, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 288939
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 7985 99th Avenue built and last sold?
The property at 7985 99th Avenue was built in 2006 and last sold on Apr 29, 2019 for $100,000.
How much is this home worth?
The estimated value of the home located at 7985 99th Avenue is $495,455.
What are some comparable homes to 7985 99th Avenue?
There are currently no comparable homes to 7985 99th Avenue.
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