$5,500,000
$1M PRICE DROP

3937 Indian River Dr E Vero Beach, FL 32963

Estimated payment $36,495/month

Total Views 6,663
4 Beds
4 Baths
4,005 Sq Ft
$1,373 Price per Sq Ft

Highlights

  • Home fronts navigable water
  • Outdoor Pool
  • Outdoor Kitchen
  • Beachland Elementary School Rated A-
  • River View
  • 1 Fireplace

About This Home

Experience luxury waterfront living in this breathtaking 2022-built riverfront home. Featuring 4 beds, 4 baths, & a spacious 3-CG w/ 5,261 SF, this property is designed to impress. Soaring voluminous ceilings & floor-to-ceiling sliders frame mesmerizing river views, seamlessly blending indoor & outdoor spaces. Every detail has been meticulously crafted, from the elegant fireplace in the living area to the premium Jenn-Air appliances in the chef’s kitchen. Step outside to your private dock with lift, and enjoy the tranquil beauty of the river from your own backyard. A true riverfront gem!

Listing Agent

Michelle Clarke

Dale Sorensen Real Estate Inc. Brokerage Phone: 772-263-0386 License #3118538 Listed on: 01/07/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $76,581

Year Built

  • Built in 2022

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 105x144
  • Home fronts navigable water
  • River Front
  • East Facing Home

Parking

  • 3 Car Attached Garage
  • Paver Block

Property Views

  • River
  • Pool

Home Design

  • Metal Roof
  • Stucco

Interior Spaces

  • 4,005 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Furnished
  • High Ceiling
  • 1 Fireplace
  • Window Treatments
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Outdoor Pool
  • Spa
  • Heated Pool
  • Outdoor Shower

Outdoor Features

  • Covered patio or porch
  • Outdoor Kitchen

Utilities

  • Central Heating and Cooling System

Community Details

  • Riverside Park Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 32403000007002000003.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$76,581

Year Built

Built in 2022

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Lot Size: 105X144
  • Ownership: Single Family/Other
  • Subdivision Name: Riverside Park
  • Directions: Beachland Blvd. to Indian River Dr. E., or A1A to W on Conn & left onto Indian River Dr. E
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2022
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-263-0386
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Wine Cooler, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile
  • Interior Amenities: Wet Bar, Closet Cabinetry, High Ceilings, Kitchen Island, Split Bedrooms, Walk-In Closet(s)
  • Living Area: 4005.0
  • Stories: 1
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Features: Electric Heat, Heated, Pool, Private
  • Pool Private: Yes
  • View: Pool, River
  • View: Yes
  • Waterfront Features: Navigable Water, River Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Exterior Features: Outdoor Kitchen, Outdoor Shower, Porch, Propane Tank - Leased
  • Patio And Porch Features: Covered, Porch
  • Roof: Metal

Garage/Parking

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

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 32403000007002000003.0
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 76581.0
  • Tax Lot: 3
  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $67,623 $4,967,739 $1,314,224 $3,653,515
2023 $67,623 $4,341,374 $1,314,224 $3,027,150
2022 $15,351 $985,020 $963,764 $21,256
2021 $14,217 $894,950 $876,149 $18,801
2020 $9,901 $614,583 $595,782 $18,801
2019 $14,317 $897,105 $595,782 $301,323
2018 $14,929 $877,885 $595,782 $282,103
2017 $15,213 $881,278 $0 $0
2016 $11,984 $725,260 $0 $0
2015 $12,281 $720,220 $0 $0
2014 $11,786 $714,510 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $5,500,000 -8.3% $1,373 / Sq Ft
04/03/2025 04/03/25 Price Changed $5,999,000 -7.7% $1,498 / Sq Ft
01/07/2025 01/07/25 For Sale $6,500,000 0.0% $1,623 / Sq Ft
04/27/2023 04/27/23 Rented $50,000 -23.1% --
11/08/2022 11/08/22 For Rent $65,000 0.0% --
07/08/2020 07/08/20 Sold $1,100,000 -15.1% $463 / Sq Ft
06/08/2020 06/08/20 Pending -- -- --
12/01/2019 12/01/19 For Sale $1,295,000 +3.6% $545 / Sq Ft
11/15/2016 11/15/16 Sold $1,250,000 -10.7% $526 / Sq Ft
10/16/2016 10/16/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $1,400,000 +107.4% $589 / Sq Ft
02/15/2013 02/15/13 Sold $675,000 -4.9% $284 / Sq Ft
01/16/2013 01/16/13 Pending -- -- --
11/29/2012 11/29/12 For Sale $710,000 -- $299 / Sq Ft
Source: REALTORS® Association of Indian River County

Purchase History

Date Type Sale Price Title Company
Warranty Deed $4,900,000 Nancy C Banner Pa
Warranty Deed $1,100,000 Attorney
Warranty Deed $675,000 Oceanside Title & Escrow
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $1,250,000 Oceanside Title & Escrow Inc
Personal Reps Deed $650,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $600,000 Seller Take Back
Previous Owner $1,000,000 New Conventional
Previous Owner $450,000 Purchase Money Mortgage
Source: Public Records

Similar Homes in Vero Beach, FL

  • 171 Coquille Way, Vero Beach, FL 32963

    $6,750,000

    • 3 Beds
    • 3.5 Baths
    • 3,613 Sq Ft
    • 171 Coquille Way
    • Vero Beach, FL

    Located in the exquisite gated community of John's Island. Rarely available freshly updated courtyard home steps from the beach. Meticulously landscaped grounds surround this sumptious retreat and tropical pool oasis. Discover a harmonious blend of sophistication, elegance, privacy and comfort as you explore the luxurious Primary Suite + 2 ensuite Guest Bedrooms. Natural light abounds in the

    Joseph Liguori Premier Estate Properties

    Section Image
  • 544 Live Oak Rd, Vero Beach, FL 32963

    $4,295,000

    • 5 Beds
    • 5.5 Baths
    • 4,831 Sq Ft
    • 544 Live Oak Rd
    • Vero Beach, FL

    2025 Roof! Experience luxury in this Central Beach estate! 3/3.5 main home (2018) & 2/2 guest house offer vaulted ceilings, chef kitchens, upgraded appliances, lighting, custom molding, & exquisite flooring. Outdoor amenities: shared heated pool, summer kitchen, dining area, & fireplace for year-round entertainment. Ensuite bedrooms, fenced yard, spacious laundry room. A stroll away from parks,

    Charlotte Terry Alex MacWilliam, Inc.

    Section Image
  • 524 Bay Dr, Vero Beach, FL 32963

    $5,999,000

    • 4 Beds
    • 4.5 Baths
    • 5,450 Sq Ft
    • 524 Bay Dr
    • Vero Beach, FL

    Rare opportunity to build your dream home in highly coveted Riomar Bay on an oversized 0.65 acre flat lot with dock on 132ft of riverfront. Buy with plans (TRM Luxury builder + Dingwall Architecture) or buy as a vacant lot for $3,200,000. Existing plans offer over 5,000 sq. ft. of living space, with almost 2,000 sq ft of outdoor covered area. Step outside to a private resort-style pool, lush

    Alexis Miller Dale Sorensen Real Estate Inc.

    Section Image
  • 515 River Dr, Vero Beach, FL 32963

    $4,350,000

    • 5 Beds
    • 6.5 Baths
    • 4,728 Sq Ft
    • 515 River Dr
    • Vero Beach, FL

    Steps from Quail Valley River Club and Riomar Golf Course, this beautifully crafted 5BR/6.1BA home offers 4,728± SF of refined living on a lush .77± acre lot. Features include split floor plan, custom millwork, wood floors, Chef’s Kitchen, Great Room, Library/Den, & a luxurious primary suite with dual baths. Enjoy seamless indoor-outdoor flow with an L-shaped heated pool, covered porch

    Melissa Talley Premier Estate Properties

    Section Image
  • 790 Lake Dr, Vero Beach, FL 32963

    $5,750,000

    • 3 Beds
    • 4.5 Baths
    • 3,268 Sq Ft
    • 790 Lake Dr
    • Vero Beach, FL

    Located in Riomar Bay II, this 3 BD/4.5 BA residence blends modern sophistication with European-inspired design. Tucked behind lush privacy hedging, this ultra-private residence features meticulously designed living spaces bathed in natural light. 14+/-foot ceilings, granite/marble floors, European finishes, custom millwork, smart home technology, expansive covered lanai, saltH20 lap pool,

    Melissa Talley Premier Estate Properties

    Section Image
  • 920 Greenway Ln, Vero Beach, FL 32963

    $5,500,000

    • 5 Beds
    • 4.5 Baths
    • 4,293 Sq Ft
    • 920 Greenway Ln
    • Vero Beach, FL

    Effective yr built 2023. Home is situated on a 1/2 acre just 2 homes from the ocean! A spacious open layout, enlarged kitchen w/Calcutta Marble countertops & top of the line appliances. Primary bedroom overlooks the pool w/two large walk-in closets. New summer kitchen on large covered lanai. Entertainment rm just off the pool w/fireplace, newly installed sliders, A/C & covered lanai. Enjoy

    Matilde Sorensen Dale Sorensen Real Estate Inc.

    Section Image
  • 526 Point Ln, Vero Beach, FL 32963

    $5,895,000

    • 5 Beds
    • 7 Baths
    • 5,885 Sq Ft
    • 526 Point Ln
    • Vero Beach, FL

    Custom new transitional coastal estate re-built and finished in 2024, located on a 0.61-acre riverfront lot with 212FT of new seawall and dock. This 5,885 SF masterpiece offers five en-suite bedrooms, an office, two half-baths, and a 3-car garage. Features include impact glass, soaring ceilings, a first-floor primary suite with stunning views, and a chef's kitchen with Viking/Sub-Zero appliances,

    Heather Lefebvre Adache Real Estate, LLC

    Section Image
  • 190 Oleander Way, Vero Beach, FL 32963

    $5,995,000

    • 3 Beds
    • 3.5 Baths
    • 2,797 Sq Ft
    • 190 Oleander Way
    • Vero Beach, FL

    Tucked at the end of a quiet cul-de-sac, this 3BR + office main residence with a 2-room guest cabana offers serene south-facing lake and golf views. A spacious living room with fireplace and tray ceilings flows into an enclosed lanai, ideal for year-round enjoyment. The open kitchen is perfect for entertaining with a wet bar, premium appliances, and generous storage. Custom millwork and hardwood

    Michael Merrill Douglas Elliman Florida LLC

    Section Image
  • 1385 Sunset Point Ln, Vero Beach, FL 32963

    $4,750,000

    • 5 Beds
    • 4.5 Baths
    • 4,006 Sq Ft
    • 1385 Sunset Point Ln
    • Vero Beach, FL

    Enjoy serene canal, river, and Intracoastal views from this beautifully designed waterfront residence. Located in a secure gated community, this home blends refined indoor living with inviting outdoor spaces. The open interior boasts elegant finishes, crown molding, high ceilings, a gourmet island kitchen, and wet bar. Step outside to a private oasis featuring a fenced pool, covered porch,

    Matilde Sorensen Dale Sorensen Real Estate Inc.

    Section Image

Source: REALTORS® Association of Indian River County

MLS Number: 284122

APN: 32-40-30-00007-0020-00003.0