NOT LISTED FOR SALE

240 Bermuda Bay Ln Vero Beach, FL 32963

Estimated Value: $6,284,000 - $9,871,000

6 Beds
7.5 Baths
8,200 Sq Ft
$1,000/Sq Ft Est. Value

Last Sold April 21, 2016

Last sale price $5,000,000 $610 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $48,756/month

657 Days on Market

Highlights

  • Ocean Front
  • Gated with Attendant
  • Clubhouse
  • Beachland Elementary School Rated A-
  • Outdoor Pool
  • Marble Flooring

About This Home

As of April 2016

Majestic oceanfront home privately situated on almost 1 acre of beachfront. Panoramic ocean views, a chef's kitchen, 2 master suites, spacious living and dining rooms, media room, office, exercise room, elevator, & beautiful marble & wood floors. Oceanfront pool & spa surrounded by lovely grounds. Effective year built 2011. Amenities include tennis and clubhouse w/community pool.

Last Agent to Sell the Property

Matilde Sorensen

Dale Sorensen Real Estate Inc. License #0316531 Listed on: 06/03/2014

Dale Sorensen Real Estate Inc.

Co-Listed By

Sam Robbins

Dale Sorensen Real Estate Inc. License #3147372

Last Buyer's Agent

Karen Smith

One Sotheby's Int'l Realty License #3213399

One Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,422

Year Built

  • Built in 2007

Lot Details

  • Lot Dimensions are 120x350
  • Ocean Front
  • West Facing Home
  • Fenced
  • Sprinkler System

Parking

  • 3 Car Garage

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 8,200 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Central Vacuum
  • Crown Molding
  • High Ceiling
  • 1 Fireplace
  • Blinds
  • French Doors
  • Ocean Views

Kitchen

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

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Closet Cabinetry

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer
  • Laundry Tub

Pool

  • Outdoor Pool
  • Spa
  • Heated Pool

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony
  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 32401800057000000021.0

Community Details

Overview

  • Association fees include common areas, recreation facilities, reserve fund, security
  • Bermuda Bay Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,422

Year Built

Built in 2007

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 120x350
  • Co List Office Mls Id: 0074
  • Co List Office Phone: 772-231-4712
  • Ownership: Single Family/Other
  • Subdivision Name: BERMUDA BAY
  • Directions: North on A1A past the Village Shops to Bermuda Bay on east side.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 2007
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-4712
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Interior Amenities: Closet Cabinetry, Crown Molding, Elevator, High Ceilings, Kitchen Island, Master Downstairs, Pantry, Split Bedrooms, Central Vacuum, French Door(s)/Atrium Door(s)
  • Living Area: 8200.0
  • Stories: 2
  • Window Features: Blinds, Impact Glass, Single Hung

Exterior Features

  • Lot Features: 1/2 to 1 Acre Lot
  • Pool Features: Electric Heat, Heated, Pool, Private, Community
  • Pool Private: Yes
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Exterior Features: Balcony, Fence, Sprinkler/Irrigation, Patio, Rain Gutters, Propane Tank - Owned
  • Patio And Porch Features: Covered, Patio
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Three Car Garage, Three or more Spaces

Utilities

  • Laundry Features: Lower Level, Laundry Room, Laundry Tub, In Unit
  • Security: Gated with Guard
  • Cooling: Central Air, Electric, 3+ Units
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Pool, Tennis Court(s), Gutter(s)
  • Association Fee: 1150.0
  • Pets Allowed: Yes, Breed Restrictions, Number Limit

Fee Information

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

Lot Info

  • Parcel #: 32401800057000000021.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 47422.0
  • Tax Lot: 21
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2014
Closed on
Apr 21, 2016
Sold by
Walraven Marc
Bought by
Robbins Brian D and Robbins Kimberly S
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Karen Smith
One Sotheby's Int'l Realty
List Price
$6,000,000
Sold Price
$5,000,000
Premium/Discount to List
-$1,000,000
-16.67%
Current Estimated Value
$8,197,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,197,363
Avg. Annual Appreciation
5.44%
Original Mortgage
$3,750,000
Outstanding Balance
$2,948,772
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,248,591

Purchase Details

Closed on
Jan 14, 2011
Sold by
Brooks Robb
Bought by
Walraven Marc

Purchase Details

Closed on
Jul 11, 2007
Sold by
Regatta Construction Llc
Bought by
Witherow Dennis J and Telese Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,812,500
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2005
Sold by
Easterwood Mark
Bought by
Regatta Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
6.28%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 12, 1999
Sold by
Bay Colony Gateway Inc
Bought by
Easterwood Mark
Source: Public Records

Range of Values:

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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
Robbins Brian D $5,000,000 Attorney
Walraven Marc $3,600,000 Weston Title & Escrow Inc
Brooks Robb $3,250,000 Weston Title & Escrow Inc
Witherow Dennis J $5,812,500 Genesis Title Company
Regatta Construction Llc $4,750,000 --
Easterwood Mark $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robbins Brian D $3,750,000
Previous Owner Witherow Dennis J $5,812,500
Previous Owner Regatta Construction Llc $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2016 04/21/16 Sold $5,000,000 -16.7% $610 / Sq Ft
03/22/2016 03/22/16 Pending -- -- --
06/03/2014 06/03/14 For Sale $6,000,000 -- $732 / 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 $49,093 $4,453,345 -- --
2023 $49,093 $4,201,784 $0 $0
2022 $48,077 $4,079,402 $0 $0
2021 $48,655 $3,960,585 $1,925,808 $2,034,777
2020 $48,877 $3,871,707 $1,925,808 $1,945,899
2019 $51,366 $3,931,591 $1,964,765 $1,966,826
2018 $51,147 $3,843,479 $1,964,765 $1,878,714
2017 $49,971 $3,657,798 $0 $0
2016 $51,863 $3,778,800 $0 $0
2015 $47,422 $3,172,020 $0 $0
2014 $43,934 $2,927,390 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matilde Sorensen

    Seller's Agent in 2016

    Matilde Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 532-0010

    74 in this area

    257 Total Sales

    Section Image

  • S

    Seller Co-Listing Agent in 2016

    Sam Robbins

    Dale Sorensen Real Estate Inc.

    (772) 231-4712

    5 in this area

    50 Total Sales

    Section Image

  • K

    Buyer's Agent in 2016

    Karen Smith

    One Sotheby's Int'l Realty

    (772) 559-1295

    5 in this area

    58 Total Sales

    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 146910

APN: 32-40-18-00057-0000-00021.0

Florida Indian River County Vero Beach 32963

240 Bermuda Bay Ln, Vero Beach, FL

This home is located at 240 Bermuda Bay Ln, Vero Beach, FL 32963 since 03 June 2014 and is currently estimated at $8,197,363, approximately $999 per square foot. This property was built in 2007. 240 Bermuda Bay 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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