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Indian River 32968
8220 Meredith Place
$848,000
● House - Off Market

8220 Meredith Place

Vero Beach, FL 32968
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,775 Ft²
$4,903
Est. Monthly
$260
HOA / Fees
2.42%
Cap Rate

About This Property

This is a gorgeous 4 bedroom, 2.5 bath GHO home on a half-acre in the beautiful, gated community of Stoney Brook Farm! High grand ceilings, impact windows, custom built-ins throughout, marble-looking tile, and water softener. Library with rolling ladder, wine bar, large 3-car garage with work benches, EV charging station, in-ceiling surround sound, Bahamian shutters, and so much more!
Unit Size
2,775 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$306
Property Type
House
Property Taxes
$479
HOA Dues
$260
Year Built
2021

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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 #275201)

Price History

Date / Event Date Event Price
Feb 6, 2025 No longer available -
No longer available
Feb 5, 2024 Listed by ListWithFreedom.com $848,000
Listed by ListWithFreedom.com
May 23, 2023 Sold
Premium
Sold
Mar 16, 2023 No longer available -
No longer available
Mar 11, 2023 Price Decreased $832,000
↓ $7K (0.8%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 18
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 884
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 71

    Dimensions

  • Lot Size Square Feet: 22,216
  • Lot Size Depth Feet: 1,577
  • Lot Size Frontage Feet: 416
  • Total Building Area: 3,659
  • Gross Building Area: 3,879
  • Building Area: 2,775
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,775
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONEY BROOK FARM
  • Land Acres: 0000000510
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 00
  • Legal Description 1: STONEY BROOK FARM PBI 19-41 LOT 5

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050905

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-38-14-00002-0000-00005.0
  • Lot: 5
  • Meridian: SEC 14 TWN 33S RNG 38E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6164
  • Longitude: -80.4966

    Address

  • Full Address: 8220 Meredith Pl
  • Address - House Number: 8220
  • Address - Street Name: Meredith
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R013
  • 4-Digit Zip Code: 8512
  • Zip Code: 32968

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $560,815
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2061
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 72
  • Final Value: 850,023
  • High Value: 1,025,280
  • Low Value: 674,767

    Market Valuation

  • Market Total Value: $523,532
  • Market Land Value: $70,125
  • Market Improvement Value: $453,407

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $427,108

    Sales

  • Current Sale Contract Date: May 11, 2023
  • Current Sale Recording Date: May 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25799
  • Previous Sale Recording Date: Mar 01, 2021
  • Previous Sale Contract Date: Feb 26, 2021
  • Previous Sale Amount: $505,100
  • 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:

$390,000

Sale Price/ft²

$230

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1959 ft²

Average Home Age

28.4 years

Currently For Sale

1726 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 9732 Venetian Square, Vero Beach, FL, 32966

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,613 ft²
9732 Venetian Square, Vero Beach, FL, 32966 Listing by Phelyna Ngu
Unit for rent at 7865 15th Lane, Vero Beach, FL, 32966

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,622 ft²
7865 15th Lane, Vero Beach, FL, 32966 Listing by Jared Michael Haugland

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Ralph M Harvey III, ListWithFreedom.com
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 275201
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 8220 Meredith Place built and last sold?
The property at 8220 Meredith Place was built in 2021 and last sold on May 11, 2023 for $832,000.
How much is this home worth?
The estimated value of the home located at 8220 Meredith Place is $0.
What are some comparable homes to 8220 Meredith Place?
There are currently no comparable homes to 8220 Meredith Place.
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