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South Beach 32963
965 Lantern Lane
$1,200,000
● House - Off Market

965 Lantern Lane

Vero Beach, FL 32963
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,369 Ft²
$7,205
Est. Monthly
1.67%
Cap Rate

About This Property

Steps From the Ocean! Just three houses from the private beach path in The Moorings, this home offers the perfect blend of luxury and convenience. Plantation shutters throughout, an exquisite chef's kitchen & formal and casual living areas for added versatility. The spacious primary suite includes a wall of custom-built cabinetry, a closet system, and an elegant bath with ample storage. Three sets of sliders lead to a private screened pool surrounded by lush, manicured landscaping. Enjoy low voluntary HOA fees, which include security patrol and private beach access. Rm sizes approx/subj2error
Unit Size
2,369 Ft²
Days on Market
128 days
Land Size
0.30 acres
Price per sqft
$570
Property Type
House
Property Taxes
$575
HOA Dues
-
Year Built
1980

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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 #283125)

Price History

Date / Event Date Event Price
Apr 2, 2025 Sold
Premium
Sold
Feb 17, 2025 In contract -
In contract
Feb 4, 2025 Price Decreased $1,350,000
↓ $175K (11.5%)
Price Decreased
Nov 25, 2024 Listed by Dale Sorensen Real Estate Inc. $1,525,000
Listed by Dale Sorensen Real Estate Inc.
Dec 14, 2011 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 25
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 529
  • Parking Space Count: 2
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 131

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 1,083
  • Total Building Area: 2,898
  • Gross Building Area: 2,898
  • Building Area: 2,369
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,369
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE MOORINGS UNIT 1
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: MOORINGS UNIT 1 LOT 42 PBI 8-6 & 6A

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050509

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-40-27-00001-0000-00042.0
  • Lot: 42
  • Meridian: SEC 27 TWN 33S RNG 40E
  • Municipality: UNINCORPORATED
  • Latitude: 27.5839
  • Longitude: -80.33

    Address

  • Full Address: 965 Lantern Ln
  • Legal Unit: 1
  • Address - House Number: 965
  • Address - Street Name: Lantern
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R002
  • 4-Digit Zip Code: 3037
  • Zip Code: 32963

Valuation

    Tax

  • Total Area: 2,646
  • Tax Year: 2022
  • Tax Amount: $673,898
  • Tax Rate Code Area: 7U

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 1,156,321
  • High Value: 1,372,996
  • Low Value: 939,645

    Market Valuation

  • Market Total Value: $671,715
  • Market Land Value: $346,063
  • Market Improvement Value: $325,652

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $508,619

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 08, 2011
  • Current Sale Recording Date: Dec 14, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2180729
  • Previous Sale Recording Date: Oct 15, 2003
  • Previous Sale Contract Date: Oct 03, 2003
  • Previous Sale Amount: $505,000
  • Previous Sale Document Type: 71

    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 South Beach

Stats & Trends

Median Asking:

$975,000

Sale Price/ft²

$471

Below Asking

0.03%

Average Days on Market

93

Average Home Size

2610 ft²

Average Home Age

40.4 years

Currently For Sale

67 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

Currently no nearby rentals
RAIRC

Listed by: Robin M Burgarella, Dale Sorensen Real Estate Inc.
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 283125
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 965 Lantern Lane built and last sold?
The property at 965 Lantern Lane was built in 1980 and last sold on Dec 8, 2011 for $540,000.
How much is this home worth?
The estimated value of the home located at 965 Lantern Lane is $1,352,495.
What are some comparable homes to 965 Lantern Lane?
There are currently no comparable homes to 965 Lantern Lane.
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