NOT LISTED FOR SALE

1488 Corona Ln Vero Beach, FL 32963

South Beach Neighborhood

Estimated Value: $2,350,000 - $5,898,788

6 Beds
4 Baths
1,711 Sq Ft
$2,741/Sq Ft Est. Value

Last Sold September 12, 2024

Last sale price $6,000,000 $3,507 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $27,409/month

44 Days on Market

Highlights

  • Ocean Front
  • Gated Community
  • Wood Flooring
  • Beachland Elementary School Rated A-
  • 1.18 Acre Lot
  • Balcony

About This Home

As of September 2024

Welcome to 1488 Corona Lane, Vero Beach—a rare, private direct oceanfront estate lot on 1.2+/- acres! With 120+/- feet of beachfront, this unique property offers gated access and no HOA, giving you the freedom to build your dream family compound. The beach is expanding, providing an ever-growing paradise. Existing frame structures on-site hold no value, allowing you to start fresh with your vision. Accessible through the Sandy Lane gate or Corona Lane, this exceptional property offers the ideal canvas for creating a Coastal Compound without restrictions. Don’t miss this unique opportunity!

Last Agent to Sell the Property

Thomas 'TP' Kennedy

Alex MacWilliam, Inc. Brokerage Phone: 772-231-6509 License #3377487 Listed on: 06/27/2024

Co-Listed By

Shannon O'Leary

Alex MacWilliam, Inc. Brokerage Phone: 772-231-6509 License #3445295

Last Buyer's Agent

Joseph ONeill

Douglas Elliman Florida LLC License #3289603

Douglas Elliman Florida LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,186

Year Built

  • Built in 1952

Lot Details

  • 1.18 Acre Lot
  • Lot Dimensions are 117x515
  • Ocean Front
  • West Facing Home
  • Few Trees

Parking

  • Driveway

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,711 Sq Ft Home
  • 2-Story Property
  • French Doors
  • Wood Flooring
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Property has ocean access
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • Sandy Lane Subdivision
  • Gated Community

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 33401600000001000002.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,186

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 1.18
  • Lot Size: 117x515
  • Road Surface Type: Paved
  • Co List Office Mls Id: 0013
  • Co List Office Phone: 772-231-6509
  • Ownership: Single Family/Other
  • Subdivision Name: Sandy Lane
  • Directions: A1A to Sandy or Corona Ln.
  • Architectural Style: Two Story
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1952
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-6509
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: None
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Flooring: Wood
  • Interior Amenities: French Door(s)/Atrium Door(s)
  • Living Area: 1711.0
  • Stories: 2
  • Window Features: None
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: 1-3 Acres, Few Trees
  • Pool Features: None
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Frame
  • Direction Faces: West
  • Exterior Features: Balcony
  • Roof: Shingle

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Laundry Features: Laundry Room
  • Security: Gated Community
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Name: Owner
  • Pets Allowed: Yes

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33401600000001000002.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 30186.0
  • Tax Lot: 1
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Sep 12, 2024
Sold by
Bills Beach House Llc
Bought by
Casa Miramar Llc
Seller's Agent
Thomas 'TP' Kennedy
Alex MacWilliam, Inc.
Buyer's Agent
Joseph ONeill
Douglas Elliman Florida LLC
List Price
$7,995,000
Sold Price
$6,000,000
Premium/Discount to List
-$1,995,000
-24.95%
Views
2
Current Estimated Value
$4,690,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,309,404
Avg. Annual Appreciation
-20.05%

Purchase Details

Closed on
Aug 11, 2019
Sold by
Graves W C and Graves Frances Ellis
Bought by
Bill S Beach House Llc
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
Casa Miramar Llc $6,000,000 None Listed On Document
Bill S Beach House Llc -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2024 09/12/24 Sold $6,000,000 -25.0% $3,507 / Sq Ft
07/29/2024 07/29/24 For Sale $7,995,000 -- $4,673 / 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 $30,186 $2,158,695 $2,031,401 $127,294
2023 $30,186 $2,156,591 $0 $0
2022 $27,647 $1,960,537 $1,862,118 $98,419
2021 $26,054 $1,783,050 $1,692,835 $90,215
2020 $26,477 $1,847,338 $1,692,835 $154,503
2019 $24,966 $1,702,259 $1,531,700 $170,559
2018 $22,489 $1,466,532 $1,301,945 $164,587
2017 $21,755 $1,467,878 $0 $0
2016 $18,886 $1,176,710 $0 $0
2015 $19,720 $1,177,890 $0 $0
2014 $18,219 $1,104,190 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas 'TP' Kennedy

    Seller's Agent in 2024

    Thomas 'TP' Kennedy

    Alex MacWilliam, Inc.

    (772) 794-3799

    3 in this area

    175 Total Sales

    Thomas 'TP' Kennedy
    Section Image

  • S

    Seller Co-Listing Agent in 2024

    Shannon O'Leary

    Alex MacWilliam, Inc.

    (772) 205-4412

    4 in this area

    43 Total Sales

    Shannon O'Leary
    Section Image

  • J

    Buyer's Agent in 2024

    Joseph ONeill

    Douglas Elliman Florida LLC

    7 in this area

    119 Total Sales

    Joseph ONeill
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 279476

APN: 33-40-16-00000-0010-00002.0

Florida Indian River County Vero Beach 32963 South Beach

1488 Corona Ln, Vero Beach, FL

This home is located at 1488 Corona Ln, Vero Beach, FL 32963 since 27 June 2024 and is currently estimated at $4,690,596, approximately $2,741 per square foot. This property was built in 1952. 1488 Corona Ln 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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