NOT LISTED FOR SALE

3700 Ocean Dr Vero Beach, FL 32963

Central Vero Beach Neighborhood

Estimated Value: $3,273,000 - $19,812,443

8 Beds
12 Baths
18,000 Sq Ft
$641/Sq Ft Est. Value

Sale Details

Date Sold: June 28, 2021

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

Est. 31% decrease in value since last sale

Current estimated payment $72,740 / 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
$11,542,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,270,278
Avg. Annual Appreciation
-7.45%
Original Mortgage
$10,000,000
Outstanding Balance
$8,969,944
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$2,572,778

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

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

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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