$1,325,000
PENDING $255K PRICE DROP

1507 Ocean Dr Unit 5 Vero Beach, FL 32963

Estimated payment $8,447/month

Total Views 7,713
3 Beds
3.5 Baths
2,356 Sq Ft
$562 Price per Sq Ft

Highlights

  • Beach Access
  • Heated Pool
  • Wood Flooring
  • Beachland Elementary School Rated A-
  • Vaulted Ceiling
  • Pool View

About This Home

Enjoy refined coastal living in this three-story residence nestled in a private, gated enclave with deeded beach access. This 3BR/3.5BA home offers a private elevator, hardwood floors, a den/office, and a spacious two-car garage. Perfectly appointed with upscale finishes and offered furnished, this is a move-in-ready retreat. The community features a heated pool and unmatched walkability to Vero’s best shopping, dining, and entertainment.

Listing Agent

Michael Merrill

Douglas Elliman Florida LLC Brokerage Phone: 561-427-3958 License #3254788 Listed on: 11/21/2024

Douglas Elliman Florida LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,890

Year Built

  • Built in 2007

Parking

  • 2 Car Garage

Home Design

  • Tile Roof

Interior Spaces

  • 2,356 Sq Ft Home
  • 3-Story Property
  • Crown Molding
  • Vaulted Ceiling
  • French Doors
  • Wood Flooring
  • Pool Views
  • Wine Cooler
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms

Pool

  • Heated Pool
  • Outdoor Pool
  • Fence Around Pool

Outdoor Features

  • Beach Access
  • Balcony

Additional Features

  • East Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 33400800018000200005.0

Community Details

Overview

  • Association fees include common areas, reserve fund
  • Riomar Prop. Management Association
  • Village By The Sea Subdivision

Recreation

  • Community Pool

Additional Features

  • Card or Code Access
  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,890

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Attached
  • Prop. Type: Residential
  • Lot Size: 0
  • Ownership: Single Family/Other
  • Subdivision Name: Village by the Sea
  • Directions: Ocean Drive just south of Darios
  • 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
  • Property Sub Type Additional: Attached
  • Attribution Contact: 561-427-3958
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Negotiable
  • Appliances: Wine Cooler
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: Crown Molding, Elevator, High Ceilings, Vaulted Ceiling(s), French Door(s)/Atrium Door(s)
  • Living Area: 2356.0
  • Stories: 3

Exterior Features

  • Lot Features: Other
  • Pool Features: Fenced, Electric Heat, Heated, Pool, Community
  • View: Pool
  • View: Yes
  • Waterfront Features: None, Beach Access
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Direction Faces: East
  • Exterior Features: Balcony
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage

Utilities

  • Laundry Features: In Unit
  • Security: Key Card Entry
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Elevator, Pool
  • Association Fee: 500.0
  • Association Name: Riomar Prop. Management
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Reserve Fund

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33400800018000200005.0
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 14890.0
  • Tax Lot: 0
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $14,890 $1,286,062 -- $1,286,062
2023 $14,890 $744,755 $0 $0
2022 $12,022 $904,785 $0 $904,785
2021 $9,879 $615,500 $0 $615,500
2020 $10,010 $615,500 $0 $615,500
2019 $10,286 $615,500 $0 $615,500
2018 $9,984 $586,500 $0 $586,500
2017 $10,134 $586,500 $0 $0
2016 $10,236 $586,500 $0 $0
2015 $10,228 $586,500 $0 $0
2014 $8,766 $502,780 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Pending -- -- --
06/23/2025 06/23/25 Price Changed $1,325,000 -11.4% $562 / Sq Ft
02/11/2025 02/11/25 Price Changed $1,495,000 -5.4% $635 / Sq Ft
11/21/2024 11/21/24 For Sale $1,580,000 +117.9% $671 / Sq Ft
12/31/2012 12/31/12 Sold $725,000 -3.3% --
12/01/2012 12/01/12 Pending -- -- --
11/06/2012 11/06/12 For Sale $750,000 -- --
Source: REALTORS® Association of Indian River County

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Attorney
Warranty Deed $725,000 Attorney
Warranty Deed -- None Available
Warranty Deed $899,000 Attorney
Source: Public Records

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See All Homes in Vero Beach

Source: REALTORS® Association of Indian River County

MLS Number: 283251

APN: 33-40-08-00018-0002-00005.0

Florida Indian River County Vero Beach 32963

1507 Ocean Dr Unit 5, Vero Beach, FL

This home is located at 1507 Ocean Dr Unit 5, Vero Beach, FL 32963 and is currently priced at $1,325,000, approximately $562 per square foot. This property was built in 2007. 1507 Ocean Dr Unit 5 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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Nearby Homes
Listing Agent
Michael Merrill
Section Image
Douglas Elliman Florida LLC
(772) 732-0919