47
Map
$5,100,000
●
House -
For Sale
940 SANDFLY Lane
Vero Beach, FL 32963
5 Beds
4 Baths
3,290 Ft²
$26,144
Est. Monthly
About This Property
Step into yesteryear in this 1935 5 Bedroom, 4 bath cottage
situated on 1.1 acres along one of the most beautiful oak lined
sandy lanes in Old Riomar. Lots of natural light greet you walking
through the front foyer, looking through the spacious living room
out the large picture window to the peaceful flora and fauna.
Present owners have lived in this historical home since the 1960's
and enjoyed gardening which is present everywhere one looks.
Winding paths meander through the lush grounds. Original wood
floors are everywhere except the kitchen and family room areas.
Don't miss it!!
Unit Size
3,290 Ft²
Days on Market
59 days
Land Size
1.21 acres
Price per sqft
$1,550
Property Type
House
Property Taxes
$1,101
HOA Dues
-
Year Built
1935
Listed By
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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 months ago (Beaches MLS #B26065687)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 17, 2026 | Listed by Alex MacWilliam, Inc. | $5,100,000 | |
| Listed by Alex MacWilliam, Inc. | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Carport
Parking Features: Carport, Detached Carport
Interior Details
Full Bathrooms: 4
Interior Features: Entrance Foyer, Pantry, Storage, MainLevelPrimary
Appliances: Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Refrigerator, Water Heater, Washer
Flooring Type: Carpet, Tile, Wood
Laundry Features: Main Level, Laundry Room
Has Fireplace
Fireplace Features: Wood Burning
Exterior Details
Square Footage: 3290
Square Footage Source: $0
Property Condition: Resale
Architectural Style: Mediterranean
Year Built: 1935
Building Area Total: 3290
Levels: Two
Construction Materials: Concrete
Patio and Porch Features: Patio
Lot Features: Landscaped, Many Trees, OneToTwoAcres, OversizedLot
Lot Size Area: 52707.6
Lot Size Units: Square Feet
Lot Size Acres: 1.21
Lot Size Square Feet: 52707.6
Water Source: Public
Financial Details
Tax Assessed Value: $881,519
Tax Annual Amount: $13,217
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s), Wall/Window Unit(s)
Heating Type: Central, Wall Furnace
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Vero Beach
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Listed by: Charlotte N Terry
Alex MacWilliam, Inc.
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# B26065687
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.
Alex MacWilliam, Inc.
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# B26065687
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