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Orchid 32963
920 Orchid Point Way
Photo of 920 Orchid Point Way
Sold on Apr 30, 2021

1

Map

$2,075,000
● House - Off Market

920 Orchid Point Way

Orchid, FL 32963
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,012 Ft²
$2,523,350
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Exquisite 3BR/Office/4.5BA golf estate at Orchid Island. Gourmet kitchen, granite, stone floors, 12'-15' ceilings. Gas fireplace flanked by custom-milled, built-in bookcases Infinity edge pool/spa, summer kitchen w/retractable, roll-down screens. New roof in 2015. Model perfect, spectacular lake/golf views. Sizes deemed reliable but subject to error.
Unit Size
4,012 Ft²
Days on Market
70 days
Land Size
0.41 acres
Price per sqft
$517
Property Type
House
Property Taxes
$1,726
HOA Dues
$368
Year Built
2000

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (Beaches MLS #R10693717)

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
May 3, 2021 Sold
Premium
Sold
Feb 19, 2021 Listed by Orchid Island Realty $2,075,000
Listed by Orchid Island Realty
Sep 10, 2020 Sold
Premium
Sold
Aug 14, 2020 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 12
  • 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: 11
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 773
  • Parking Space Count: 3
  • Patio Type: 13
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 101

    Dimensions

  • Lot Size Square Feet: 17,860
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,726
  • Gross Building Area: 4,726
  • Building Area: 3,953
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,953
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORCHID ISLAND PLAT 19
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: ORCHID ISLAND PLAT 19 LOT 315 PBI 15-60

Neighborhood

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

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 31-39-15-00014-0000-00315.0
  • Lot: 315
  • Meridian: SEC 15 TWN 31S RNG 39E
  • Municipality: TOWN OF ORCHID
  • Latitude: 27.7809
  • Longitude: -80.4145

    Address

  • Full Address: 920 Orchid Point Way
  • Address - House Number: 920
  • Address - Street Name: Orchid Point
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R010
  • 4-Digit Zip Code: 9517
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 4,592
  • Tax Year: 2022
  • Tax Amount: $2,642,178
  • Tax Rate Code Area: 9

    Appraisal Valuation

  • Standard Deviation: 0.2129
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 2,865,433
  • High Value: 3,475,513
  • Low Value: 2,255,354

    Market Valuation

  • Market Total Value: $1,908,971
  • Market Land Value: $399,713
  • Market Improvement Value: $1,509,258

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,908,971
  • Assessed Land Value: $399,713
  • Assessed Improvements Value: $1,509,258

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: May 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3120210031098
  • Previous Sale Recording Date: Sep 10, 2020
  • Previous Sale Contract Date: Sep 10, 2020
  • Previous Sale Amount: $1,900,000
  • 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 Orchid

Stats & Trends

Median Asking:

$3,995,000

Sale Price/ft²

$997

Below Asking

0.01%

Average Days on Market

100

Average Home Size

6158 ft²

Average Home Age

24.5 years

Currently For Sale

4 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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BEACHES

Listed by: Anne T Torline
Orchid Island Realty
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R10693717
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 920 Orchid Point Way built and last sold?
The property at 920 Orchid Point Way was built in 2000 and last sold on Apr 30, 2021 for $2,075,000.
How much is this home worth?
The estimated value of the home located at 920 Orchid Point Way is $2,163,024.
What are some comparable homes to 920 Orchid Point Way?
There are currently no comparable homes to 920 Orchid Point Way.
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