NOT LISTED FOR SALE

1180 Reef Rd Unit B1 Vero Beach, FL 32963

South Beach Neighborhood

Estimated Value: $822,617

2 Beds
2 Baths
1,565 Sq Ft
2.52 Acres

Last Sold October 23, 2023

Last sale price $1,115,000 $712 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $4,749/month

72 Days on Market

Highlights

  • Ocean Front
  • Free Form Pool
  • Furnished
  • Beachland Elementary School Rated A-
  • Main Floor Primary Bedroom
  • 1 Car Detached Garage

About This Home

As of October 2023

This updated DIRECT OCEANFRONT condo lives like a beach cottage! Sunny & bright 2BR / 2BA with ocean views from almost every room. Walk out the door directly to the beach or pool, your dune crossover is just across the lawn. New kitchen cabinets & counters, new guest bath, new electrical & new plumbing and more. Tile floors throughout, impact sliders and south & east facing exposure for natural light. Amenities incl. 1 car garage, 2 storage closets, HTD community pool & private dune crossover. Small dog ok w/ board approval. Furniture & turn key option available. Sizes approx. Buyer to verify.

Last Agent to Sell the Property

Daina Bertrand

The Moorings Realty Sales Co. Brokerage Phone: 772-231-5131 License #3236356 Listed on: 07/21/2023

Last Buyer's Agent

Tripp Hernandez

Dale Sorensen Real Estate Inc. License #3026751

Dale Sorensen Real Estate Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,086

Year Built

  • Built in 1970

Lot Details

  • Ocean Front
  • West Facing Home

Parking

  • 1 Car Detached Garage

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 1,565 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Crown Molding
  • Sliding Doors
  • Tile Flooring
  • Ocean Views
  • Laundry Located Outside

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Home Security

Pool

  • Free Form Pool
  • Fence Around Pool

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 33402700005000200001.0

Community Details

Overview

  • Association fees include common areas, insurance, maintenance structure, reserve fund, sewer, security, trash, water
  • Elliott Merrill Association
  • Billows Subdivision

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Security

  • Security Guard
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,086

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Attached
  • Prop. Type: Residential
  • Lot Size: N/A
  • Road Surface Type: Paved
  • Ownership: Condo
  • Subdivision Name: Billows
  • Directions: From 17th St. Causeway bridge, south on Hwy. A1A to The Moorings. East on Galleon Drive, continue east / south on Reef Road to the Billows on east side of road.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Year Built: 1970
  • ResoBuildingAreaSource: Plans
  • Property Sub Type Additional: Attached
  • Attribution Contact: 772-231-5131
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Tile
  • Interior Amenities: Crown Molding, Master Downstairs
  • Living Area: 1565.0
  • Stories: 2
  • Window Features: Single Hung
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: Other
  • Pool Features: Fenced, Free Form, Electric Heat, Heated, Other, Pool, Community
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Exterior Features: Porch
  • Patio And Porch Features: Enclosed, Porch
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage

Utilities

  • Laundry Features: Outside
  • Security: Security Guard, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 1242.0
  • Association Name: Elliott Merrill
  • Pets Allowed: Yes, Number Limit, Size Limit
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Maintenance Structure, Other, Reserve Fund, Sewer, Security, Trash, Water

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33402700005000200001.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5086.0
  • Tax Lot: 1
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Oct 23, 2023
Sold by
Denison Julia H
Bought by
Nyman Limited Partnership
Seller's Agent
Daina Bertrand
The Moorings Realty Sales Co.
Buyer's Agent
Tripp Hernandez
Dale Sorensen Real Estate Inc.
List Price
$1,125,000
Sold Price
$1,115,000
Premium/Discount to List
-$10,000
-0.89%
Views
43
Current Estimated Value
$822,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$292,383
Avg. Annual Appreciation
-14.04%

Purchase Details

Closed on
Apr 9, 2007
Sold by
Grimes Howard R and Grimes Nancy Palmer
Bought by
Denison Julia H

Purchase Details

Closed on
Mar 3, 2004
Sold by
Grimes Howard R
Bought by
Grimes Howard R and Grimes Nancy Palmer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.85%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 23, 2000
Sold by
Grimes Howard R and Grimes Nancy P
Bought by
Grimes Howard R

Purchase Details

Closed on
Sep 30, 1997
Sold by
Simoni Barbara G
Bought by
Grimes Howard R and Grimes Nancy P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7.46%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nyman Limited Partnership $1,115,000 First American Title Insurance
Denison Julia H $599,000 Oceanside Title & Escrow
Grimes Howard R -- --
Grimes Howard R -- --
Grimes Howard R $232,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Denison Julia H $225,000
Previous Owner Denison Julia H $100,000
Previous Owner Grimes Howard R $110,000
Previous Owner Grimes Howard R $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2023 10/23/23 Sold $1,115,000 -0.9% $712 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $1,125,000 0.0% $719 / Sq Ft
10/26/2016 10/26/16 For Rent $6,500 0.0% --
10/26/2016 10/26/16 Rented $6,500 -- --
Source: REALTORS® Association of Indian River County

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,215 $857,901 -- $857,901
2023 $5,215 $405,222 $0 $0
2022 $5,086 $393,419 $0 $0
2021 $5,093 $381,960 $0 $0
2020 $5,085 $376,686 $0 $0
2019 $5,106 $368,217 $0 $0
2018 $5,070 $361,351 $0 $0
2017 $5,038 $353,919 $0 $0
2016 $4,981 $346,640 $0 $0
2015 $5,161 $344,240 $0 $0
2014 $5,038 $341,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Daina Bertrand

    The Moorings Realty Sales Co.

    (772) 231-5131

    68 in this area

    79 Total Sales

    Daina Bertrand
    Section Image
  • Tripp Hernandez

    Buyer's Agent in 2023

    Tripp Hernandez

    Dale Sorensen Real Estate Inc.

    (772) 539-1980

    7 in this area

    105 Total Sales

    Tripp Hernandez
    Section Image

  • A

    Seller's Agent in 2016

    Allison McGraw

    The Moorings Realty Sales Co.

    (772) 231-5131

    Allison McGraw
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 270123

APN: 33-40-27-00005-0002-00001.0

Florida Indian River County Vero Beach 32963 South Beach

1180 Reef Rd Unit B1, Vero Beach, FL

This home is located at 1180 Reef Rd Unit B1, Vero Beach, FL 32963 since 21 July 2023 and is currently priced at $822,617, approximately $525 per square foot. This property was built in 1970. 1180 Reef Rd Unit B1 is a home located in Indian River County with nearby schools including Beachland Elementary School, Gifford Middle School, and Vero Beach High School.

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