NOT LISTED FOR SALE

1240 Olde Doubloon Dr Vero Beach, FL 32963

Central Vero Beach Neighborhood

Estimated Value: $2,326,000 - $6,417,000

5 Beds
6.5 Baths
5,357 Sq Ft
$948/Sq Ft Est. Value

Last Sold January 21, 2020

Last sale price $4,200,000 $784 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $33,343/month

61 Days on Market

Highlights

  • Ocean Front
  • Gated with Attendant
  • 0.87 Acre Lot
  • Beachland Elementary School Rated A-
  • Gas Heated Pool
  • Deck

About This Home

As of January 2020

COMPLETELY renovated jaw-dropping oceanfront estate w/impeccable details, 10ft ceilings, electronic screens, 1 touch light system & more. Epicurean kitchen w/2 islands, quartz counters, prof appliances, custom cabinetry & hidden coffee bar. 2 master suites (1 up, 1 down), expansive closets, spa-like baths & panoramic ocean vistas! Salt system pool w/spa, multi-colored lights, fountain.

Co-Listed By

Michael Thorpe

One Sotheby's Int'l Realty License #3230082

One Sotheby's Int'l Realty

Last Buyer's Agent

Susan Rane

Keller Williams Realty of VB License #3337190

Keller Williams Realty of VB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,790

Year Built

  • Built in 1990

Lot Details

  • 0.87 Acre Lot
  • Lot Dimensions are 358x110
  • Ocean Front
  • North Facing Home

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Tile Roof

Interior Spaces

  • 5,357 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Crown Molding
  • Ceiling Fan
  • 1 Fireplace
  • Window Treatments
  • French Doors
  • Ocean Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Closet Cabinetry
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Eco-Friendly Details

  • Air Purifier

Pool

  • Gas Heated Pool
  • Outdoor Pool
  • Outdoor Shower

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • Air Filtration System
  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 33400800011000000031.0

Community Details

Overview

  • Association fees include common areas, security
  • Castaway Cove Subdivision

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,790

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.87
  • Lot Size: 358x110
  • Road Surface Type: Paved
  • Co List Office Mls Id: 0225
  • Co List Office Phone: 772-492-1002
  • Ownership: Single Family/Other
  • Subdivision Name: Castaway Cove
  • Directions: South on Highway A1A to Castaway Cove Wave Six on the left. Guard access required. Straight through to stop sign, turn left. House is on the right.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1990
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-492-1002
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Negotiable
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Wine Cooler, Washer
  • Other Equipment: Air Purifier
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Wet Bar, Bathtub, Closet Cabinetry, Crown Molding, Jetted Tub, Kitchen Island, Master Downstairs, Pantry, Air Filtration, French Door(s)/Atrium Door(s)
  • Living Area: 5357.0
  • Stories: 2
  • Window Features: Impact Glass, Single Hung, Window Treatments

Exterior Features

  • Lot Features: 1/2 to 1 Acre Lot
  • Pool Features: Gas Heat, Heated, Pool, Private
  • Pool Private: Yes
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Direction Faces: North
  • Exterior Features: Balcony, Deck, Outdoor Shower, Porch, Propane Tank - Owned
  • Patio And Porch Features: Covered, Deck, Porch
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener

Utilities

  • Laundry Features: Laundry Room, Laundry Tub
  • Security: Gated with Guard
  • Cooling: Central Air, Ceiling Fan(s), Electric, 3+ Units
  • Cooling Y N: Yes
  • Heating: Central, Electric, Multiple Heating Units
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 125.0
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Security

Schools

  • Elementary School: Beachland Elementary
  • High School: Vero Beach High School
  • Middle Or Junior School: Gifford Middle

Lot Info

  • Parcel #: 33400800011000000031.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 43790.0
  • Tax Lot: 31
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2019
Closed on
Jan 21, 2020
Sold by
Fargnoli Barbara Ann
Bought by
Moore Investment Funds Iii Llc
Buyer's Agent
Susan Rane
Keller Williams Realty of VB
List Price
$4,800,000
Sold Price
$4,200,000
Premium/Discount to List
-$600,000
-12.5%
Current Estimated Value
$5,080,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$880,285
Avg. Annual Appreciation
3.26%
Original Mortgage
$2,000,000
Outstanding Balance
$1,351,447
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$3,728,838

Purchase Details

Closed on
Jun 21, 2018
Sold by
Cosgrove Barbara Ann
Bought by
Cosgrove Barbara Ann and Barbara Ann Cosgrove Revocable Trust

Purchase Details

Closed on
Apr 6, 2018
Sold by
Cosgrove Terrence J
Bought by
Cosgrove Barbara Ann

Purchase Details

Listed on
Feb 1, 2013
Closed on
Sep 4, 2014
Sold by
Suarez Alberto F and Suarez Cynthia J
Bought by
Cosgrove Terrence J and Terrence J Cosgrove Living Trust
Seller's Agent
Cindy O'Dare
One Sotheby's Int'l Realty
Buyer's Agent
G Marta Proechel
Premier Estate Properties
List Price
$2,895,000
Sold Price
$2,300,000
Premium/Discount to List
-$595,000
-20.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.26%

Purchase Details

Closed on
Apr 9, 2004
Sold by
Benjamin Milton R and Benjamin Tatiana
Bought by
Suarez Alberto F and Suarez Cynthia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.25%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Moore Investment Funds Iii Llc $4,200,000 First American Title Ins Co
Cosgrove Barbara Ann -- Attorney
Cosgrove Barbara Ann -- Attorney
Cosgrove Terrence J $2,300,000 Elite Title Of The Treasure
Suarez Alberto F $2,700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Investment Funds Iii Llc $2,000,000
Previous Owner Suarez Alberto F $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/21/2020 01/21/20 Sold $4,200,000 -12.5% $784 / Sq Ft
12/22/2019 12/22/19 Pending -- -- --
10/21/2019 10/21/19 For Sale $4,800,000 +108.7% $896 / Sq Ft
09/04/2014 09/04/14 Sold $2,300,000 -20.6% $429 / Sq Ft View Prior Sale
08/05/2014 08/05/14 Pending -- -- --
02/01/2013 02/01/13 For Sale $2,895,000 -- $540 / 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
2025 $79,757 $5,218,582 $2,306,790 $2,911,792
2024 $67,983 $4,979,885 $2,214,518 $2,765,367
2023 $67,983 $4,032,428 $0 $0
2022 $59,059 $3,968,783 $2,029,975 $1,938,808
2021 $53,075 $3,332,585 $1,845,432 $1,487,153
2020 $43,618 $2,739,815 $0 $0
2019 $43,821 $2,678,216 $0 $0
2018 $43,790 $2,807,993 $1,845,432 $962,561
2017 $43,548 $2,574,220 $0 $0
2016 $32,152 $1,850,300 $0 $0
2015 $31,504 $1,756,780 $0 $0
2014 $26,553 $1,567,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Thorpe

    Seller Co-Listing Agent in 2020

    Michael Thorpe

    One Sotheby's Int'l Realty

    (772) 492-1002

    44 in this area

    95 Total Sales

    Michael Thorpe
    Section Image
  • Susan Rane

    Buyer's Agent in 2020

    Susan Rane

    Keller Williams Realty of VB

    (772) 999-5999

    2 in this area

    19 Total Sales

    Susan Rane
    Section Image
  • Cindy O'Dare

    Seller's Agent in 2014

    Cindy O'Dare

    One Sotheby's Int'l Realty

    (772) 713-5899

    92 in this area

    253 Total Sales

    Cindy O'Dare
    Section Image

  • G

    Buyer's Agent in 2014

    G Marta Proechel

    Premier Estate Properties

    (772) 473-4263

    2 in this area

    3 Total Sales

    G Marta Proechel
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 226586

APN: 33-40-08-00011-0000-00031.0

Florida Indian River County Vero Beach 32963 Central Vero Beach

1240 Olde Doubloon Dr, Vero Beach, FL

Not Listed for Sale

Detached

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