NOT LISTED FOR SALE

1503 Ocean Dr Unit 3 Vero Beach, FL 32963

Central Vero Beach Neighborhood

Estimated Value: $1,371,000 - $2,308,000

3 Beds
3.5 Baths
2,982 Sq Ft
$548/Sq Ft Est. Value

Last Sold November 06, 2024

Last sale price $1,380,000 $463 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $10,833/month

245 Days on Market

Highlights

  • Ocean View
  • Heated Pool
  • Wood Flooring
  • Beachland Elementary School Rated A-
  • Gated Community
  • Attic

About This Home

As of November 2024

Timeless but casual elegance best describes this beautiful home. Deeded beach access, heated community pool and a perfect location close to restaurants and The Beach Shopping area make this a perfect vacation location. Three floors, three bedrooms and an office/den provide privacy and room for family and guests.

Last Agent to Sell the Property

Beth Rahaley

Cliff Norris Real Estate Brokerage Phone: 772-231-5595 License #0659401 Listed on: 02/26/2024

Co-Listed By

David Ashcroft

Cliff Norris Real Estate Brokerage Phone: 772-231-5595 License #3109609

Last Buyer's Agent

David Ashcroft

Cliff Norris Real Estate Brokerage Phone: 772-231-5595 License #3109609

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,611

Year Built

  • Built in 2007

Lot Details

  • Lot Dimensions are 71x42
  • East Facing Home
  • Fenced

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Garden

Home Design

  • Tile Roof

Interior Spaces

  • 2,982 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Crown Molding
  • Window Treatments
  • Casement Windows
  • French Doors
  • Pull Down Stairs to Attic

Kitchen

  • Down Draft Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Slate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Pool

  • Heated Pool
  • Outdoor Pool

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 33400800018000200003.0

Community Details

Overview

  • Association fees include common areas, security
  • Village By The Sea Subdivision

Recreation

  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,611

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Attached
  • Prop. Type: Residential
  • Lot Size: 71X42
  • Co List Office Mls Id: 0361
  • Co List Office Phone: 772-231-5595
  • Ownership: Single Family/Other
  • Subdivision Name: Village by the Sea
  • Directions: Take Causeway Blvd. to Ocean Drive. Turn south on Ocean Drive to 1503. Park in front of home on the east side of the street.
  • Architectural Style: Three Story
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 3
  • Year Built: 2007
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached
  • Attribution Contact: 772-231-5595
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Appliances: Cooktop, Down Draft, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplace: No
  • Flooring: Carpet, Slate, Wood
  • Interior Amenities: Attic, Closet Cabinetry, Crown Molding, Elevator, Kitchen Island, Pull Down Attic Stairs, Split Bedrooms, French Door(s)/Atrium Door(s)
  • Living Area: 2982.0
  • Stories: 3
  • Window Features: Casement Window(s), Window Treatments
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: Other
  • Pool Features: Electric Heat, Heated, Pool, Community
  • View: Garden, Ocean
  • View: Yes
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Direction Faces: East
  • Exterior Features: Balcony, Fence, Propane Tank - Owned
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 500.0
  • Association Name: Self Managed
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Security

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33400800018000200003.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 15611.0
  • Tax Lot: 3
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2024
Closed on
Nov 6, 2024
Sold by
Eaton Melinda M
Bought by
Bowler Leo J and Ford Michelle
Seller's Agent
Beth Rahaley
Cliff Norris Real Estate
Buyer's Agent
David Ashcroft
Cliff Norris Real Estate
List Price
$2,100,000
Sold Price
$1,380,000
Premium/Discount to List
-$720,000
-34.29%
Views
69
Current Estimated Value
$1,718,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,671
Avg. Annual Appreciation
16.21%

Purchase Details

Listed on
Jan 31, 2019
Closed on
Jun 5, 2019
Sold by
Coffey Douglas W and Coffey Dori M
Bought by
Easton Melinda M
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Beth Rahaley
Cliff Norris Real Estate
List Price
$1,450,000
Sold Price
$1,200,000
Premium/Discount to List
-$250,000
-17.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.61%

Purchase Details

Closed on
Apr 19, 2007
Sold by
Triple Crown Development Co Inc
Bought by
Coffey Douglas W and Coffey Dori M
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
Bowler Leo J $1,380,000 None Listed On Document
Bowler Leo J $1,380,000 None Listed On Document
Easton Melinda M $1,200,000 Attorney
Coffey Douglas W $1,349,600 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2024 11/06/24 Sold $1,380,000 -7.7% $463 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
09/23/2024 09/23/24 Price Changed $1,495,000 -9.4% $501 / Sq Ft
05/06/2024 05/06/24 Price Changed $1,650,000 -9.6% $553 / Sq Ft
04/18/2024 04/18/24 Price Changed $1,825,000 -8.5% $612 / Sq Ft
03/16/2024 03/16/24 Price Changed $1,995,000 -5.0% $669 / Sq Ft
02/28/2024 02/28/24 For Sale $2,100,000 +75.0% $704 / Sq Ft
06/05/2019 06/05/19 Sold $1,200,000 -17.2% -- View Prior Sale
05/06/2019 05/06/19 Pending -- -- --
01/31/2019 01/31/19 For Sale $1,450,000 -- --
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 $21,508 $1,342,267 -- $1,342,267
2024 $15,611 $2,043,490 -- $2,043,490
2023 $15,611 $1,037,560 $0 $0
2022 $15,173 $1,007,340 $0 $0
2021 $15,000 $978,000 $0 $978,000
2020 $15,850 $978,000 $0 $978,000
2019 $10,619 $675,643 $0 $0
2018 $10,601 $663,045 $0 $0
2017 $10,531 $649,407 $0 $0
2016 $10,413 $636,050 $0 $0
2015 $10,672 $631,630 $0 $0
2014 $10,244 $626,620 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Beth Rahaley

    Cliff Norris Real Estate

    (772) 766-0227

    3 in this area

    12 Total Sales

    Beth Rahaley
    Section Image

  • D

    Seller Co-Listing Agent in 2024

    David Ashcroft

    Cliff Norris Real Estate

    (888) 492-1002

    2 in this area

    13 Total Sales

    David Ashcroft
    Section Image
  • Matilde Sorensen

    Seller's Agent in 2019

    Matilde Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 532-0010

    91 in this area

    245 Total Sales

    Matilde Sorensen
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 275792

APN: 33-40-08-00018-0002-00003.0

Florida Indian River County Vero Beach 32963 Central Vero Beach

1503 Ocean Dr Unit 3, Vero Beach, FL

Not Listed for Sale

Detached

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