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Wabasso Beach 32963
8738 Lakeside Boulevard
$1,245,000
● House - Off Market

8738 Lakeside Boulevard

Vero Beach, FL 32963
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,049 Ft²
$7,749
Est. Monthly
$1,095
HOA / Fees
0.40%
Cap Rate

About This Property

Discover the rare opportunity to own a stunning River Home in the desirable Sea Oaks community. Seller is offering to pay the club $30K capital contribution. One of only five exquisite models ever built. This exceptional home features  a newer roof, CBS construction & a private paver courtyard overlooking the serene Captain Forster Hammock Preserve. Enjoy a beautifully renovated kitchen and primary bath. Access to great amenities such as an oceanfront beach club, tennis program, fitness center, pickleball and marina, this is the lifestyle you've always dreamed of! Sizes approx/subj to err.
Unit Size
2,049 Ft²
Days on Market
-
Land Size
-
Price per sqft
$608
Property Type
House
Property Taxes
$540
HOA Dues
$1,095
Year Built
1996

Payment Calculator

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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 #283005)

Price History

Date / Event Date Event Price
May 19, 2025 No longer available -
No longer available
Mar 4, 2025 Price Increased $1,245,000
↑ $50K (4.2%)
Price Increased
Nov 18, 2024 Listed by Dale Sorensen Real Estate Inc. $1,195,000
Listed by Dale Sorensen Real Estate Inc.
Oct 20, 2021 No longer available -
No longer available
Oct 19, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • 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: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 475
  • Parking Space Count: 2
  • Patio Type: 11
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Frontage Feet: 87,120
  • Total Building Area: 2,412
  • Gross Building Area: 2,412
  • Building Area: 1,937
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,937
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEA OAKS RIVER HOMES IV, PD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: SEA OAKS RIVER HOMES IV, PD LOT 4 PBI 14-79

Neighborhood

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

Zoning

  • Zoning: RM-6

Geography

  • Parcel: 31-39-26-00035-0000-00004.0
  • Lot: 4
  • Meridian: SEC 26 TWN 31S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.7526
  • Longitude: -80.3998

    Address

  • Full Address: 8738 Lakeside Blvd
  • Address - House Number: 8738
  • Address - Street Name: Lakeside
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R027
  • 4-Digit Zip Code: 4155
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 2,192
  • Tax Year: 2022
  • Tax Amount: $632,837
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.0802
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 94
  • Final Value: 1,163,941
  • High Value: 1,257,388
  • Low Value: 1,070,494

    Market Valuation

  • Market Total Value: $539,699
  • Market Land Value: $170,000
  • Market Improvement Value: $369,699

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $478,130

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Oct 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210072997
  • Previous Sale Recording Date: Jul 01, 2021
  • Previous Sale Contract Date: Jun 25, 2021
  • Previous Sale Amount: $600,000
  • 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 Wabasso Beach

Stats & Trends

Median Asking:

$876,389

Sale Price/ft²

$446

Below Asking

0.02%

Average Days on Market

104

Average Home Size

2292 ft²

Average Home Age

25.4 years

Currently For Sale

39 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 8012 Us Highway 1, Vero Beach, FL, 32967

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,026 ft²
8012 Us Highway 1, Vero Beach, FL, 32967 Listing by Jaime Aguilar

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Rachel I Hickman, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 283005
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 8738 Lakeside Boulevard built and last sold?
The property at 8738 Lakeside Boulevard was built in 1996 and last sold on Oct 12, 2021 for $600,000.
How much is this home worth?
The estimated value of the home located at 8738 Lakeside Boulevard is $0.
What are some comparable homes to 8738 Lakeside Boulevard?
There are currently no comparable homes to 8738 Lakeside Boulevard.
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