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Indian River 32963
8640 Seacrest Drive
$1,000,000
● Land - Off Market

8640 Seacrest Drive

Vero Beach, FL 32963
bedrooms
Studio
bathrooms
0 Bath
square feet
29,185 Ft²
$6,135
Est. Monthly
$105
HOA / Fees

About This Property

Experience the awe-inspiring beauty of this riverfront lot in the highly sought after, gated community of Orchid Isles Estates. With sprawling canopies of oak trees, this .67 acre property offers breathtaking river views, perfect for building your dream estate home on a wide lot. With 110ft of deep water frontage, you'll have ample space to add a private dock & enjoy direct intracoastal access. Bring your boats, jet skis & kayaks to explore the aquatic wildlife or wander around the 2+ mile Wabasso Island Walking Trail/Nature Preserve w/ 2 fishing piers. Tree/Topo survey available upon request.
Unit Size
29,185 Ft²
Days on Market
337 days
Land Size
0.67 acres
Price per sqft
$36
Property Type
Land
Property Taxes
$874
HOA Dues
$105
Year Built
-

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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: 12 months ago (Indian River #282452)

Price History

Date / Event Date Event Price
Oct 17, 2025 Sold
Premium
Sold
Oct 2, 2025 In contract -
In contract
Aug 14, 2025 Price Decreased $1,050,000
↓ $45K (4.1%)
Price Decreased
Mar 14, 2025 Price Decreased $1,095,000
↓ $105K (8.8%)
Price Decreased
Nov 14, 2024 Listed by Keller Williams Realty of VB $1,200,000
Listed by Keller Williams Realty of VB
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 198

    Dimensions

  • Lot Size Square Feet: 29,185
  • Lot Size Depth Feet: 2,390
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ORCHID ISLE ESTATES SUBDIVISION
  • Land Acres: 0000000670
  • Standard Land Use Code: 8001
  • County Land Use Code: 0000
  • State Land Use Code: 00
  • Legal Description 1: ORCHID ISLE ESTATES SUBDIVISION LOT 48 PBI 12-34 THRU 34C

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050812

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 31-39-26-00017-0000-00048.0
  • Lot: 48
  • Meridian: SEC 26 TWN 31S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.7502
  • Longitude: -80.4047

    Address

  • Full Address: 8640 Seacrest Dr
  • Address - House Number: 8640
  • Address - Street Name: Seacrest
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R029
  • 4-Digit Zip Code: 9602
  • Zip Code: 32963

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $754,988
  • Initial Tax Delinquent Year: 2017
  • Tax Rate Code Area: 1

    Market Valuation

  • Market Total Value: $575,025
  • Market Land Value: $575,025

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $575,025
  • Assessed Land Value: $575,025

    Sales

  • Current Sale Contract Date: Nov 11, 2022
  • Current Sale Recording Date: Nov 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 66346

    Financing

  • First Mortgage Financing Type: ADJ
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

85

Average Home Size

1957 ft²

Average Home Age

28.7 years

Currently For Sale

1638 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 1941 W Shell Lane, Vero Beach, FL, 32963

$7,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,309 ft²
1941 W Shell Lane, Vero Beach, FL, 32963 Listing by Christine Harry
Unit for rent at 9190 Spring Time Drive, Vero Beach, FL, 32963

$8,000 /mo

  • 4 Beds
  • 4 Baths
  • 3,069 ft²
9190 Spring Time Drive, Vero Beach, FL, 32963 Listing by Nancy M Carty

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Kevin Howard, Keller Williams Realty of VB
Last Updated: 12 months ago
Data Source: RAIRC, MLS# 282452
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 8640 Seacrest Drive built and last sold?
The property at 8640 Seacrest Drive was built in and last sold on Nov 11, 2022 for $875,000.
How much is this home worth?
The estimated value of the home located at 8640 Seacrest Drive is $0.
What are some comparable homes to 8640 Seacrest Drive?
There are currently no comparable homes to 8640 Seacrest Drive.
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