$390,000
●
Timeshare -
Off Market
Studio
1 Bath
585 Ft²
$3,555
Est. Monthly
$1,103
HOA / Fees
About This Property
Enjoy the benefits of owning an oceanfront condo managed by Kimpton
without all the hassles, this income producing condo comes fully
furnished with 2 queen beds/ pull-out couch, wetbar, shower and
tub, balcony with beautiful ocean views. Enjoy concierge service,
heated pool/spa,oceanfront bar/grill,fitness ctr, medi-spa,and
walking distance to Ocean Dr restaurants, shopping and parks. Pet
friendly.
Unit Size
585 Ft²
Days on Market
504 days
Land Size
-
Price per sqft
$744
Property Type
Timeshare
Property Taxes
$316
HOA Dues
$1,103
Year Built
-
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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 #278789)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2025 | Sold | ||
| Sold | |||
| May 2, 2025 | In contract | - | |
| In contract | |||
| Jan 1, 2025 | Price Decreased |
$435,000
↓ $25K
(5.4%) | |
| Price Decreased | |||
| Jan 11, 2024 | Listed by One Sotheby's Int'l Realty | $460,000 | |
| Listed by One Sotheby's Int'l Realty | |||
Property Highlights
Air Conditioning
Doorman
Parking Available
Elevator
Parking Details
Parking Features: Covered, Unassigned
Interior Details
Bedrooms: 1
Full Bathrooms: 1
Levels: ThreeOrMore
Interior Features: Wet Bar, Bathtub, Crown Molding, Garden Tub Roman Tub
Appliances: Microwave, Refrigerator
Flooring Type: Slate
Living Area Square Feet Source: Assessor
Laundry Features: None
Rooms: 5
Exterior Details
Year Built: 2006
Parcel Number: 32403200046000000407.0
Waterfront Features: Ocean Access, Ocean Front, Beach Access
Home Type: Residential
Architectural Style: Multi Level
Roof: Tile
Window Features: Window Treatments
Construction Materials: Steel
Spa Features: Community, Hot Tub
Pool Features: Electric Heat, Heated, Pool, Community
Lot Information: Other
Lot Size Dimensions: n/a
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $165,750
Tax Year: 2023
Tax Annual Amount: $3,790
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Location Details
Association Fee Includes: CommonAreas, CableTv, Insurance, MaintenanceStructure, Parking, Sewer, Security, Trash, Water
Association Fee: $1,103
Association Fee Frequency: Monthly
Community Features: Elevator, Fitness, Game Room, Property Manager On Site, Pool
Security Features: Door Man, Key Card Entry, Security Lights, Smoke Detectors
Subdivision: Vero Beach Hotel and Club
Elementary School District: Indian River County Schools
Middle or Junior School District: Indian River County Schools
High School District: Indian River County Schools
Subdivision Name: Vero Beach Hotel and Club
Directions: Beachland Blvd East to Ocean Drive North two blocks to Hotel.
Other Details
Listing Terms: Cash, NewLoan
Comparables
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ft²
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HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Similar Homes for Sale
Currently no similar homes around
Listed by: Sherry Brown, One Sotheby's Int'l Realty
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 278789
Last Updated: 2 years ago
Data Source: RAIRC, MLS# 278789
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