NOT LISTED FOR SALE

229 Binnacle Point Vero Beach, FL 32963

South Beach Area

Estimated Value: $5,399,961

3 Beds
3.5 Baths
4,418 Sq Ft
$1,222/Sq Ft Est. Value

Sale Details

Date Sold: May 14, 2026

Last sale price $5,525,000 $1,251 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $32,679 / mo

62 Days on Market

Highlights

  • Beach Access
  • Intracoastal View
  • Pool
  • Beachland Elementary School Rated A-
  • Gated with Attendant
  • River Front

About This Home

As of May 2026

A truly unique offering, 229 Binnacle presents an exceptional opportunity to acquire a developable riverfront property with nearly 240 feet of river frontage—a combination rarely available in the Moorings and the greater Vero Beach market. The expansive double lot and extraordinary frontage offer flexibility for a custom waterfront residence or residences, with potential for multiple structures, subject to applicable zoning and approvals. The well-maintained 4,418 SF existing home may be enjoyed as-is or removed to fully capitalize on the site’s unique characteristics. Dimensions approximate.

Last Agent to Sell the Property

Collier Proctor

The Moorings Realty Sales Co. Brokerage Phone: 772-231-5131 License #3348359 Listed on: 02/25/2026

Last Buyer's Agent

Collier Proctor

The Moorings Realty Sales Co. Brokerage Phone: 772-231-5131 License #3348359 Listed on: 02/25/2026

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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,333

Year Built

  • Built in 1983

Lot Details

  • River Front
  • South Facing Home
  • Additional Land

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Property Views

  • Intracoastal
  • River

Home Design

  • Shake Roof
  • Wood Roof

Interior Spaces

  • 4,418 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Crown Molding
  • High Ceiling
  • 1 Fireplace
  • Window Treatments
  • French Doors
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Heated Pool
  • Beach Access
  • Access To Intracoastal Waterway
  • Seawall
  • Balcony
  • Covered Patio or Porch
  • Built-In Barbecue

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 128
  • Assessor Parcel Number 33402100008000000128.0

Community Details

Overview

  • Association fees include common areas, recreation facilities, security
  • Elliott Merrill Association
  • Anchor The Moorings Subdivision

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Community Playground

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,333

Year Built

Built in 1983

Lot Details

0 Sq Ft Lot

HOA Fees

$400 per month

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 0.86
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: ANCHOR THE MOORINGS
  • Directions: A1A to Mooringline Drive, west to Springline then turn North to Anchor gate. Through gate and then right out of round-about to first right onto Binnacle.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1983
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-5131
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Negotiable
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Wet Bar, Crown Molding, High Ceilings, Kitchen Island, Pantry, Split Bedrooms, French Door(s)/Atrium Door(s)
  • Living Area: 4418.0
  • Stories: 2
  • Window Features: Single Hung, Window Treatments

Exterior Features

  • Lot Features: Additional Land Available, 1/2 to 1 Acre Lot, Split Possible
  • Pool Features: Electric Heat, Heated, Pool, Private
  • Pool Private: Yes
  • View: Intercoastal, River
  • View: Yes
  • Waterfront Features: Intracoastal Access, River Front, Seawall, Beach Access
  • Waterfront: Yes
  • Disclosures: First Right of Refusal
  • Construction Type: Block, Concrete
  • Direction Faces: South
  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Porch
  • Patio And Porch Features: Covered, Porch
  • Roof: Shake, Wood

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage

Utilities

  • Laundry Features: Lower Level, In Unit
  • Security: Gated with Guard, Security Guard, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Basketball Court, Other, Playground, Pickleball, Tennis Court(s)
  • Amenities: Dues Paid Quarterly
  • Association Fee: 400.0
  • Association Fee Frequency: Monthly
  • Association Name: Elliott Merrill
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Other, Recreation Facilities, Security

Lot Info

  • Parcel #: 33402100008000000128.0
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 21333.0
  • Tax Lot: 128
  • Tax Year: 2025

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2026
Closed on
May 13, 2026
Sold by
Patrick Maley and Elsie Lorraine Maley 1997 Revocable Trus
Bought by
Seller's Agent
Collier Proctor
The Moorings Realty Sales Co.
Buyer's Agent
Collier Proctor
The Moorings Realty Sales Co.
List Price
$6,250,000
Sold Price
$5,525,000
Premium/Discount to List
-$725,000
-11.6%
Views
12
Current Estimated Value
$5,399,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$125,039
Avg. Annual Appreciation
-6.16%

Purchase Details

Closed on
Jan 25, 2021
Sold by
Maley Lorraine Elsie and Maley Elsie Lorraine
Bought by
Maley Loraine Elsie and Elsie Lorraine Maley 1997 Revocable Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Vero Beach, FL

  • Kimberly Stewart-Ladd Real Estate Agent - EXIT Right Realty

    Kimberly Stewart-Ladd

    EXIT Right Realty

    (772) 758-0484

    75 Total Sales

    3 in South Beach

    $868K - $1.3M Price Range

    Kimberly Stewart-Ladd
     Section Image
  • Christopher Nolan Real Estate Agent - EXP Realty LLC

    Christopher Nolan

    EXP Realty LLC

    (772) 758-0908

    164 Total Sales

    3 in South Beach

    $1,550,000 Price Range

    Christopher Nolan
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  • Barbara Rosenbaum Real Estate Agent - Engel & Voelkers Vero Beach

    Barbara Rosenbaum

    Engel & Voelkers Vero Beach

    (754) 354-8836

    31 Total Sales

    4 in South Beach

    $1.2M - $1.5M Price Range

    Barbara Rosenbaum
     Section Image
  • Juliana Marino Real Estate Agent - One Sotheby's Int'l Realty

    Juliana Marino

    One Sotheby's Int'l Realty

    (772) 277-7186

    33 Total Sales

    1 in South Beach

    $1,200,000 Price

    Juliana Marino
     Section Image
  • Andrew Harper Real Estate Agent - Berkshire Hathaway Florida

    Andrew Harper

    Berkshire Hathaway Florida

    (772) 277-7603

    11 Total Sales

    1 in South Beach

    $757,500 Price

    Andrew Harper
     Section Image
  • Elizabeth Train Real Estate Agent - Engel & Voelkers Vero Beach

    Elizabeth Train

    Engel & Voelkers Vero Beach

    (772) 303-1322

    33 Total Sales

    1 in South Beach

    $695,000 Price

    Elizabeth Train
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,525,000 None Listed On Document
Maley Loraine Elsie -- None Listed On Document
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/14/2026 05/14/26 Sold $5,525,000 -11.6% $1,251 / Sq Ft
04/28/2026 04/28/26 Pending -- -- --
02/25/2026 02/25/26 For Sale $6,250,000 -- $1,415 / Sq Ft
Source: REALTORS® Association of Indian River County

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,514 $1,544,646
2024 $19,901 $1,544,646
2023 $19,901 $1,457,391 $0 $0
2022 $19,452 $1,414,942 $0 $0
2021 $19,543 $1,373,730 $0 $0
2020 $19,553 $1,354,763 $0 $0
2019 $19,683 $1,324,304 $0 $0
2018 $19,573 $1,299,611 $0 $0
2017 $19,486 $1,272,881 $0 $0
2016 $19,296 $1,246,700 $0 $0
2015 $19,994 $1,238,040 $0 $0
2014 $19,560 $1,228,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • CP

    Seller's Agent in 2026

    Collier Proctor

    The Moorings Realty Sales Co.

    (772) 643-2317

    57 Total Sales

    Collier Proctor
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 295351

APN: 33-40-21-00008-0000-00128.0

Florida Indian River County Vero Beach 32963

229 Binnacle Point, Vero Beach, FL

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