NOT LISTED FOR SALE

120 Twin Island Reach Vero Beach, FL 32963

Estimated Value: $2,488,662 - $3,791,000

0.72 Acre
$4,360,876 Price per Acre
31,363 Sq Ft Lot

Last Sold May 01, 2023

Last sale price $2,400,000 $834 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $18,387/month

130 Days on Market

Highlights

  • Home fronts navigable water
  • Access To Intracoastal Waterway
  • Gated with Attendant
  • Beachland Elementary School Rated A-
  • Intracoastal View
  • Tennis Courts

About This Lot

As of May 2023

Spectacular riverfront lot with 125 ft. of river frontage located in the Shores. Dock w/lift already in place waiting for your boat. Perfect lot & desirable location w/southern exposure to build your dream home. Wide river views of John's Island Sound & Intracoastal. The Shores is gated w/tennis & Pickleball courts. Mins to beach access. Plans are available. Sizes approx./subj to error.

Last Agent to Sell the Property

Matilde Sorensen

Dale Sorensen Real Estate Inc. License #0316531 Listed on: 12/21/2022

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Matilde Sorensen

Dale Sorensen Real Estate Inc. License #0316531 Listed on: 12/21/2022

Dale Sorensen Real Estate Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,989

Lot Details

  • 0.72 Acre Lot
  • Home fronts navigable water
  • River Front

Property Views

  • Intracoastal
  • River

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tax Lot 82
  • Assessor Parcel Number 32390100013000000082.0

Community Details

Overview

  • Association fees include common areas, reserve fund, security
  • Elliott Merrill Association
  • Shores Subdivision

Recreation

  • Tennis Courts
  • Access To Intracoastal Waterway

Security

  • Gated with Attendant

Property Details

Property Type

Land

Est. Annual Taxes

$24,989

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.72
  • Road Surface Type: Paved
  • Subdivision Name: Shores
  • Directions: North on A1A from Beachland Blvd., to Old Winter Beach Rd. Go left and left into the Shores. Left past the guard to Twin Island Reach.
  • Attribution Contact: 772-231-4712
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: 1/2 to 1 Acre Lot
  • View: Intercoastal, River
  • View: Yes
  • Waterfront Features: Intracoastal Access, Navigable Water, River Front
  • Waterfront: Yes

Utilities

  • Security: Gated with Guard, Gated Community
  • Sewer: Connected
  • Utilities: Cable Available, Electricity Available
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Storm Drain(s), Tennis Court(s)
  • Association Fee: 546.0
  • Association Name: Elliott Merrill

Fee Information

  • Association Fee Includes: Common Areas, Reserve Fund, Security

Lot Info

  • Current Use: Single Family
  • Lot Size Sq Ft: 31363.0
  • Number Of Lots: 1
  • Parcel #: 32390100013000000082.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 24989.0
  • Tax Block: 0000
  • Tax Lot: 82
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2022
Closed on
May 1, 2023
Sold by
Penelope R Parrot Revocable Trust
Bought by
Broderick Edward T and Broderick Sheila O
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
List Price
$2,750,000
Sold Price
$2,400,000
Premium/Discount to List
-$350,000
-12.73%
Views
305
Current Estimated Value
$3,139,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$739,831
Avg. Annual Appreciation
9.14%

Purchase Details

Listed on
Feb 22, 2016
Closed on
Nov 23, 2021
Sold by
Morsillo A R and Virginia Morsillo Trust
Bought by
Parrot Penelope R and Penelope R Parrot Revocable Tr
Seller's Agent
Cindy O'Dare
One Sotheby's Int'l Realty
Buyer's Agent
Erika Ross
The Moorings Realty Sales Co.
List Price
$2,450,000
Sold Price
$2,425,000
Premium/Discount to List
-$25,000
-1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.72%

Purchase Details

Closed on
May 21, 2013
Sold by
Morsillo A R and Morsillo Virginia
Bought by
Morsillo A R and Morsillo Virginia

Purchase Details

Closed on
May 24, 2001
Sold by
Wolf Geoffrey B and Wolf Laura H
Bought by
Morsillo A R and Morsillo Virginia

Purchase Details

Closed on
Dec 18, 2000
Sold by
Oconnell Gerald P and Oconnell Patricia L
Bought by
Wolf Geoffrey B and Wolf Laura H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,000
Interest Rate
7.79%
Mortgage Type
Purchase Money Mortgage
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
Broderick Edward T $2,400,000 None Listed On Document
Parrot Penelope R $2,425,000 Elite Ttl Of Treasure Coast
Morsillo A R -- Attorney
Morsillo A R $950,000 --
Wolf Geoffrey B $880,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wolf Geoffrey B $702,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $2,400,000 -12.7% $834 / Sq Ft
12/21/2022 12/21/22 For Sale $2,750,000 +13.4% $956 / Sq Ft
11/23/2021 11/23/21 Sold $2,425,000 -1.0% $666 / Sq Ft
10/24/2021 10/24/21 Pending -- -- --
02/22/2016 02/22/16 For Sale $2,450,000 -- $673 / Sq Ft
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 $15,740 $2,069,541 $2,036,858 $32,683
2023 $15,740 $1,339,300 $1,308,729 $30,571
2022 $24,989 $2,094,942 $1,308,729 $786,213
2021 $15,201 $1,255,464 $0 $0
2020 $15,246 $1,238,130 $0 $0
2019 $15,409 $1,210,294 $0 $0
2018 $15,392 $1,187,727 $0 $0
2017 $15,461 $1,163,297 $0 $0
2016 $15,778 $1,139,370 $0 $0
2015 $16,434 $1,131,450 $0 $0
2014 $16,346 $1,122,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matilde Sorensen

    Seller's Agent in 2023

    Matilde Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 532-0010

    73 in this area

    254 Total Sales

    Matilde Sorensen
    Section Image
  • Cindy O'Dare

    Seller's Agent in 2021

    Cindy O'Dare

    One Sotheby's Int'l Realty

    (772) 713-5899

    48 in this area

    243 Total Sales

    Cindy O'Dare
    Section Image
  • Erika Ross

    Buyer's Agent in 2021

    Erika Ross

    The Moorings Realty Sales Co.

    (772) 473-7762

    10 in this area

    159 Total Sales

    Erika Ross
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 264808

APN: 32-39-01-00013-0000-00082.0

Florida Indian River County Vero Beach 32963

120 Twin Island Reach, Vero Beach, FL

This home is located at 120 Twin Island Reach, Vero Beach, FL 32963 since 21 December 2022 and is currently estimated at $3,139,831, approximately $1,090 per square foot. 120 Twin Island Reach 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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