NOT LISTED FOR SALE

3700 Ocean Dr Vero Beach, FL 32963

Central Vero Beach Neighborhood

Estimated Value: $3,172,000 - $21,145,330

8 Beds
12 Baths
18,000 Sq Ft
$675/Sq Ft Est. Value

Sale Details

Date Sold: June 28, 2021

Last sale price $16,813,000 $934 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $77,003 / mo

1935 Days on Market

Highlights

  • Ocean Front
  • Pool
  • 1.41 Acre Lot
  • Beachland Elementary School Rated A-
  • Gated Community
  • Roman Tub

About This Home

As of June 2021

Sublime new resort-inspired compound on 200± ft. of oceanfront. Modern elegance w/international influences in 18,000± sq. ft. curated w/artful designer appointments. Breathtaking lighting installations in soaring glass-walled living rm & dining rm. Seamless outdoor spaces 80±-ft. infinity pool plus west pool by guest house. Ten-bay garage. Sizes Approx. See Full Disclaimer Attachment.

Last Agent to Sell the Property

Kay Brown

Premier Estate Properties License #0189216 Listed on: 02/09/2016

Co-Listed By

Luke Webb

Luke D Webb Real Estate Inc License #3281747

Last Buyer's Agent

NON-MLS AGENT

NON MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $293,292

Year Built

  • Built in 2014

Lot Details

  • 1.41 Acre Lot
  • Lot Dimensions are 200x307
  • Ocean Front
  • West Facing Home
  • Sprinkler System

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Rolled or Hot Mop Roof

Interior Spaces

  • 18,000 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • High Ceiling
  • 4 Fireplaces
  • Sliding Doors
  • Ocean

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Closet Cabinetry
  • Roman Tub
  • Bathtub

Laundry

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

Home Security

  • Intercom
  • Closed Circuit Camera

Pool

  • Spa
  • Heated Pool
  • Outdoor Shower
  • Solar Heated Pool

Outdoor Features

  • Property has ocean access
  • Balcony
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Built-In Barbecue

Utilities

  • Cooling Available
  • Heating Available
  • Power Generator
  • Electric Water Heater

Community Details

  • Veromar Subdivision
  • Gated Community

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 32403100007019000004.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$293,292

Year Built

Built in 2014

Lot Details

1.41 Acres

Parking

4

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 1.41
  • Lot Size: 200x307
  • Road Surface Type: Paved
  • Co List Office Mls Id: 0371
  • Co List Office Phone: 772-234-5555
  • Ownership: Single Family/Other
  • Subdivision Name: Veromar
  • Directions: Beachland Blvd to Ocean Drive. Turn North on Ocean Drive. 3700 Ocean Drive is located a few blocks north of Vero Beach Resort and Spa.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 2014
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-234-5555
  • 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, Freezer, Disposal, Microwave, Range, Refrigerator, Wine Cooler, Washer
  • Other Equipment: Generator, Intercom
  • Full Bathrooms: 8
  • Half Bathrooms: 4
  • Total Bedrooms: 8
  • Door Features: Sliding Doors
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Marble, Slate, Tile, Wood
  • Interior Amenities: Wet Bar, Bathtub, Closet Cabinetry, Elevator, Garden Tub/Roman Tub, High Ceilings, Kitchen Island, Pantry, Central Vacuum
  • Living Area: 18000.0
  • Stories: 2
  • Window Features: Impact Glass
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: 1-3 Acres
  • Pool Features: Heated, Pool, Private, Solar Heat
  • Pool Private: Yes
  • View: Ocean, Pool
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Concrete, Steel
  • Direction Faces: West
  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Sprinkler/Irrigation, Outdoor Kitchen, Outdoor Shower, Porch, Propane Tank - Owned
  • Patio And Porch Features: Covered, Porch
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Garage Spaces: 4.0
  • Parking Features: Attached, Covered, Driveway, Garage, Garage Door Opener

Utilities

  • Laundry Features: Lower Level, Laundry Room, Laundry Tub, Upper Level
  • Security: Closed Circuit Camera(s), Gated Community
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Name: N/A
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 32403100007019000004.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 293292.0
  • Tax Lot: 4
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2016
Closed on
Jun 25, 2021
Sold by
3700 Ocean Drive Llc
Bought by
Mark T Mitchell Living Trust and Mitchell
Seller's Agent
Kay Brown
Premier Estate Properties
Buyer's Agent
NON-MLS AGENT
NON MLS
List Price
$35,000,000
Sold Price
$16,813,000
Premium/Discount to List
-$18,187,000
-51.96%
Current Estimated Value
$12,158,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,654,335
Avg. Annual Appreciation
-6.44%
Original Mortgage
$10,000,000
Outstanding Balance
$8,969,944
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$3,188,721

Purchase Details

Closed on
Nov 11, 2014
Sold by
Mcconvey Katherine M
Bought by
3700 Ocean Drive Llc

Purchase Details

Closed on
Aug 11, 2011
Sold by
Burke Thomas M and Papineau Sally A
Bought by
Mcconvey Katherine M
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Mark T Mitchell Living Trust $16,813,000 None Listed On Document
Mitchell Mark T $16,813,000 Attorney
3700 Ocean Drive Llc -- Attorney
Mcconvey Katherine M $2,000,000 Attorney
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open Mitchell Mark T $10,000,000
Closed Mark T Mitchell Living Trust $10,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Sold $16,813,000 -52.0% $934 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
02/09/2016 02/09/16 For Sale $35,000,000 -- $1,944 / Sq Ft
Source: REALTORS® Association of Indian River County

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 $390,641 $25,381,298 $5,890,500 $19,490,798
2024 $310,638 $23,004,369 $5,890,500 $17,113,869
2023 $310,638 $19,928,768 $0 $0
2022 $282,295 $18,117,062 $6,540,750 $11,576,312
2021 $298,811 $18,801,894 $3,632,900 $15,168,994
2020 $305,513 $18,956,505 $3,629,500 $15,327,005
2019 $320,186 $19,322,005 $3,995,000 $15,327,005
2018 $311,476 $18,453,184 $3,995,000 $14,458,184
2017 $359,623 $24,742,748 $0 $0
2016 $350,734 $25,015,320 $0 $0
2015 $384,190 $21,488,390 $0 $0
2014 $30,597 $1,767,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kay Brown

    Premier Estate Properties

    (772) 321-8626

    23 in this area

    47 Total Sales

    Kay Brown
    Section Image
  • Luke Webb

    Seller Co-Listing Agent in 2021

    Luke Webb

    Luke D Webb Real Estate Inc

    (786) 546-9603

    3 in this area

    20 Total Sales

    Luke Webb
    Section Image

  • N

    Buyer's Agent in 2021

    NON-MLS AGENT

    NON MLS

See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 167227

APN: 32-40-31-00007-0190-00004.0

Florida Indian River County Vero Beach 32963 Central Vero Beach

3700 Ocean Dr, Vero Beach, FL

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