RENTED MAY 23, 2025

South Cove 1480 Ocean Dr Unit 5E Vero Beach, FL 32963

Central Vero Beach Neighborhood

Estimated Value: $585,000 - $675,090

2 Beds
2 Baths
1,230 Sq Ft
1973 Built

Last Sold November 16, 2023

Last sale price $745,500 $606 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $4,064/month

Highlights

  • Ocean Front
  • Fitness Center
  • Gated Community
  • Beachland Elementary School Rated A-
  • Outdoor Pool
  • Clubhouse

About This Home

As of May 2025

Ready to Book Now for 2026 Season Months thru April. Enjoy a Winter Seasonal Vacation at South Cove! Be Direct Oceanfront on one of Vero's best beaches! Incredible Ocean Views from the Top Floor. Newly Furnished and Professionally renovated Penthouse! Enjoy sunrises over the ocean - Sunsets & City views from the front balcony. Onsite Manager, Heated Pool, Library, Redone Clubhouse. Located in quiet neighborhood with many popular restaurants w/lounges & piano bar. Downtown Shopping and Entertainment with Weekend Farmer's Market and Coffee Bars nearby. Easy to Show Call for Booking Today

Last Agent to Rent the Property

Heather Delamarter

Berkshire Hathaway Florida Brokerage Phone: 772-231-1270 License #3427034 Listed on: 05/31/2024

Berkshire Hathaway Florida

Last Renter's Agent

Heather Delamarter

Berkshire Hathaway Florida Brokerage Phone: 772-231-1270 License #3427034 Listed on: 05/31/2024

Berkshire Hathaway Florida

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1973

Lot Details

  • Ocean Front

Property Views

  • Ocean
  • Pool

Home Design

  • Stucco

Interior Spaces

  • 1,230 Sq Ft Home
  • Furnished
  • Window Treatments
  • Sliding Doors
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • Assigned Parking
  • Unassigned Parking

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Beach Access
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 11
  • Assessor Parcel Number 33400500018005000000.5

Community Details

Overview

  • Vero South Cove Llc Association
  • South Cove Condo Subdivision
  • 5-Story Property

Amenities

  • Clubhouse
  • Community Library
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site
  • Phone Entry
  • Gated Community

Condo Details

Home Type

Condominium

Year Built

Built in 1973

Lot Details

0 Sq Ft Lot

Rental Info

  • Tenant Pays: Electricity

Listing Details

  • Property Sub Type: Attached
  • Prop. Type: Residential Lease
  • Road Surface Type: Paved
  • Ownership: Condo
  • Subdivision Name: South Cove Condo
  • Directions: East on 17th St, right on Ocean Dr, Left into South Cove
  • Architectural Style: Multi-Level
  • Unit Levels: Three Or More
  • Property Attached Yn: Yes
  • Building Stories: 5
  • Year Built: 1973
  • Property Sub Type Additional: Attached
  • Attribution Contact: 772-231-1270
  • Special Features: None
  • Stories: 5

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Tile
  • Interior Amenities: Walk-In Closet(s)
  • Living Area: 1230.0
  • Stories: 5
  • Window Features: Window Treatments

Exterior Features

  • Pool Features: Community, Pool
  • View: Clubhouse, Pool, Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes
  • Disclosures: Lead Based Paint Disclosure, Pet Restrictions
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Balcony
  • Roof: Other

Garage/Parking

  • Carport Spaces: 1.0
  • Parking Features: Assigned, Covered, Carport, Unassigned

Utilities

  • Laundry Features: Laundry Closet, In Unit
  • Security: Gated Community, Phone Entry
  • Green Building Features: Reception Area
  • 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: Clubhouse, Elevator, Fitness, Library, Property Manager On-Site, Storage Facilities, Pool
  • Association Name: Vero South Cove LLC
  • Pets Allowed: No
  • Common Interest: Condominium

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33400500018005000000.5
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7867.0
  • Tax Lot: 11
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2023
Closed on
Nov 9, 2023
Sold by
Hanna Randall D and Hanna Rebecca S
Bought by
1480 Ocean Drive Apt 5E Llc
Seller's Agent
Kristin Casalino
Dale Sorensen Real Estate Inc.
Buyer's Agent
Kathleen Provancher
One Sotheby's Int'l Realty
List Price
$895,000
Sold Price
$745,500
Premium/Discount to List
-$149,500
-16.7%
Views
42
Current Estimated Value
$616,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$129,477
Avg. Annual Appreciation
-7.86%
Original Mortgage
$415,250
Outstanding Balance
$406,911
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$209,112

Purchase Details

Listed on
Jan 22, 2020
Closed on
Aug 3, 2020
Sold by
Davis George S and Davis Diana B
Bought by
Hanna Randall D and Hanna Rebecca S
Seller's Agent
Kristin Casalino
Dale Sorensen Real Estate Inc.
Buyer's Agent
NON-MLS AGENT
NON MLS
List Price
$565,000
Sold Price
$520,000
Premium/Discount to List
-$45,000
-7.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.57%
Source: Public Records
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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
1480 Ocean Drive Apt 5E Llc $745,500 None Listed On Document
Hanna Randall D $520,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1480 Ocean Drive Apt 5E Llc $415,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2025 05/23/25 Rented $8,500 -5.6% --
05/10/2025 05/10/25 Under Contract -- -- --
12/26/2024 12/26/24 Price Changed $9,000 -10.0% $7 / Sq Ft
05/31/2024 05/31/24 For Rent $10,000 0.0% --
11/16/2023 11/16/23 Sold $745,500 -6.2% $606 / Sq Ft View Prior Sale
10/06/2023 10/06/23 Price Changed $795,000 -6.5% $646 / Sq Ft
09/21/2023 09/21/23 Price Changed $850,000 -5.0% $691 / Sq Ft
08/09/2023 08/09/23 For Sale $895,000 +72.1% $728 / Sq Ft
08/03/2020 08/03/20 Sold $520,000 -8.0% $423 / Sq Ft View Prior Sale
07/04/2020 07/04/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $565,000 -- $459 / Sq Ft
Source: REALTORS® Association of Indian River County

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 $10,292 $637,954 -- $637,954
2024 $7,867 $637,954 -- $637,954
2023 $7,867 $461,591 $0 $0
2022 $6,725 $432,598 $0 $432,598
2021 $6,162 $381,480 $0 $381,480
2020 $6,240 $381,480 $0 $381,480
2019 $6,286 $374,000 $0 $374,000
2018 $2,849 $203,610 $0 $0
2017 $2,819 $199,422 $0 $0
2016 $2,779 $195,320 $0 $0
2015 $2,849 $193,970 $0 $0
2014 $2,726 $192,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Landlord's Agent in 2025

    Heather Delamarter

    Berkshire Hathaway Florida

    (772) 321-3056

    1 Total Sale

    Heather Delamarter
    Section Image

  • K

    Seller's Agent in 2023

    Kristin Casalino

    Dale Sorensen Real Estate Inc.

    (772) 633-0007

    77 in this area

    173 Total Sales

    Kristin Casalino
    Section Image
  • Kathleen Provancher

    Buyer's Agent in 2023

    Kathleen Provancher

    One Sotheby's Int'l Realty

    (772) 538-9700

    46 in this area

    240 Total Sales

    Kathleen Provancher
    Section Image

  • N

    Buyer's Agent in 2020

    NON-MLS AGENT

    NON MLS

See All Agents

About South Cove

Map

Source: REALTORS® Association of Indian River County

MLS Number: 278639

APN: 33-40-05-00018-0050-00000.5

Florida Indian River County Vero Beach 32963 Central Vero Beach

1480 Ocean Dr Unit 5E, Vero Beach, FL

Not Listed for Sale

Condos

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