NOT LISTED FOR SALE

Estimated Value: $1,191,000 - $1,718,970

3 Beds
2.5 Baths
2,599 Sq Ft
$587/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $975,000 $375 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $9,925/month

Highlights

  • Gated with Attendant
  • Outdoor Pool
  • Roman Tub
  • Beachland Elementary School Rated A-
  • River View
  • Wood Flooring

About This Home

As of March 2024

Welcome to 5 Cache Cay Drive. A prestigious waterfront private community offering 24 hour security. This sought-after gated community in the Heart of Central Beach on the Barrier Island of Vero Beach, Florida allows for year round enjoyment both on the water and off. A rarely available annual unfurnished 3 Bedroom with 2.5 Bath riverfront rental home awaits you. Begin your stay and Bring your Boat and Watercraft vessels to your own private dock & enjoy being poolside after a day on the water. Close to Gourmet Shops, Fine Dining, Salons and Boutiques. A short drive to the beach and downtown.

Last Agent to Rent the Property

Heather Delamarter

Berkshire Hathaway Florida Brokerage Phone: 772-231-1270 License #3427034 Listed on: 01/23/2024

Berkshire Hathaway Florida

Last Renter's Agent

Heather Delamarter

Berkshire Hathaway Florida Brokerage Phone: 772-231-1270 License #3427034 Listed on: 01/23/2024

Berkshire Hathaway Florida

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1982

Lot Details

  • River Front
  • Sprinkler System

Parking

  • 2 Car Garage
  • Driveway

Property Views

  • River
  • Pool

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Crown Molding
  • High Ceiling
  • 1 Fireplace
  • Sliding Doors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Roman Tub
  • Bathtub

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Pool

  • Outdoor Pool
  • Outdoor Shower
  • Screen Enclosure

Outdoor Features

  • Screened Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, internet, trash collection, telephone, water
  • Tax Lot 3
  • Assessor Parcel Number 32402900014000000003.0

Community Details

Overview

  • Elliott Merrill Association
  • Cache Cay Subdivision

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Year Built

Built in 1982

Lot Details

0

Parking

2

Rental Info

  • Tenant Pays: Cable TV, Electricity, Internet, Trash Collection, Telephone, Water

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential Lease
  • Ownership: Single Family/Other
  • Subdivision Name: Cache Cay
  • Directions: Hwy A1A North to Bahia Mar Road, Turn Left than Left on Bethel Creek Drive, Continue to Cache Cay Entry Guard Gate. Turn Right on Cache Cay. Arrive on Right to 5 Cache Cay Drive.
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 1982
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-1270
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Bathtub, Crown Molding, Garden Tub/Roman Tub, High Ceilings, Split Bedrooms, Walk-In Closet(s)
  • Stories: 1

Exterior Features

  • Pool Features: Pool, Private, Screen Enclosure
  • Pool Private: Yes
  • View: Pool, River
  • View: Yes
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Disclosures: No Smoking
  • Construction Type: Frame
  • Exterior Features: Sprinkler/Irrigation, Outdoor Shower
  • Patio And Porch Features: Patio, Screened
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, In Unit
  • Security: Gated with Guard
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None, Other
  • Association Name: Elliott Merrill
  • Pets Allowed: Yes, Breed Restrictions, Number Limit

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 32402900014000000003.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9298.0
  • Tax Lot: 3
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2025
Sold by
Whitehead John M and Way To Go Revocable Living Trust
Bought by
Tri-Eagle Revocable Living Trust and Whitehead
Current Estimated Value
$1,525,743

Purchase Details

Listed on
Jan 23, 2024
Closed on
Feb 8, 2024
Sold by
Whitehead John M and Whitehead Teresa L
Bought by
Way To Go Revocable Living Trust and Whitehead
Seller's Agent
Heather Delamarter
Berkshire Hathaway Florida
Buyer's Agent
Heather Delamarter
Berkshire Hathaway Florida
Sold Price
$6,000
Views
20

Purchase Details

Listed on
Jul 7, 2023
Closed on
Oct 30, 2023
Sold by
Joan E Newton Revocable Living Trust
Bought by
Whitehead John M and Whitehead Teresa L
Seller's Agent
Jimmy Phipps
Coldwell Banker Paradise
Buyer's Agent
Jimmy Phipps
Coldwell Banker Paradise
List Price
$1,295,000
Sold Price
$975,000
Premium/Discount to List
-$320,000
-24.71%
Views
427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.10%
Original Mortgage
$780,000
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2016
Sold by
Newton Joan E
Bought by
Newton Joan E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Tri-Eagle Revocable Living Trust -- None Listed On Document
Tri-Eagle Revocable Living Trust -- None Listed On Document
Way To Go Revocable Living Trust -- None Listed On Document
Whitehead John M $975,000 None Listed On Document
Newton Joan E -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whitehead John M $780,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/08/2024 03/08/24 Rented $6,000 +0.8% --
03/05/2024 03/05/24 Price Changed $5,950 -8.5% $2 / Sq Ft
03/02/2024 03/02/24 Price Changed $6,500 -7.1% $3 / Sq Ft
02/23/2024 02/23/24 For Rent $7,000 0.0% --
02/19/2024 02/19/24 Under Contract -- -- --
01/23/2024 01/23/24 For Rent $7,000 0.0% --
10/30/2023 10/30/23 Sold $975,000 0.0% $375 / Sq Ft View Prior Sale
10/30/2023 10/30/23 Sold $975,000 -11.4% $375 / Sq Ft View Prior Sale
08/22/2023 08/22/23 Pending -- -- --
08/13/2023 08/13/23 Pending -- -- --
08/01/2023 08/01/23 Price Changed $1,100,000 0.0% $423 / Sq Ft
08/01/2023 08/01/23 Price Changed $1,100,000 -7.9% $423 / Sq Ft
07/17/2023 07/17/23 Price Changed $1,195,000 0.0% $460 / Sq Ft
07/17/2023 07/17/23 Price Changed $1,195,000 -7.7% $460 / Sq Ft
07/03/2023 07/03/23 Price Changed $1,295,000 -2.3% $498 / Sq Ft
07/03/2023 07/03/23 For Sale $1,325,000 +2.3% $510 / Sq Ft
07/03/2023 07/03/23 For Sale $1,295,000 -- $498 / 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
2025 $22,783 $1,418,160 $1,070,893 $347,267
2024 $9,298 $1,406,651 $1,070,893 $335,758
2023 $9,298 $652,640 $0 $0
2022 $9,385 $633,631 $0 $0
2021 $9,262 $615,176 $0 $0
2020 $9,245 $606,682 $0 $0
2019 $9,272 $593,042 $0 $0
2018 $9,254 $581,985 $0 $0
2017 $9,189 $570,014 $0 $0
2016 $9,083 $558,290 $0 $0
2015 $9,308 $554,410 $0 $0
2014 $8,929 $550,010 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 274755

APN: 32-40-29-00014-0000-00003.0