NOT LISTED FOR SALE

502 River Dr Vero Beach, FL 32963

Estimated Value: $6,161,000 - $8,396,000

4 Beds
4.5 Baths
4,083 Sq Ft
$1,789/Sq Ft Est. Value

Last Sold December 28, 2020

Last sale price $5,250,000 $1,286 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $47,291/month

218 Days on Market

Highlights

  • Outdoor Pool
  • River View
  • 1 Fireplace
  • Beachland Elementary School Rated A-
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of December 2020

Savor unsurpassed river views from this exceptional riverfront home. Completely renovated w/masterful design by Jackson Kirschner Architects. Comprised of the finest of finishes & materials. Perfectly positioned on quiet cul-de-sac between two bridges & moments to Quail Valley Club & beach access. Sizes approx./subj. to error. Sold partially furnished ($100,000 allocated to furniture)

Last Agent to Sell the Property

Matilde Sorensen

Dale Sorensen Real Estate Inc. License #0316531 Listed on: 04/23/2020

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Matilde Sorensen

Dale Sorensen Real Estate Inc. License #0316531 Listed on: 04/23/2020

Dale Sorensen Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,787

Year Built

  • Built in 1989

Lot Details

  • Lot Dimensions are 153x118
  • River Front
  • Cul-De-Sac
  • North Facing Home
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Tile Roof

Interior Spaces

  • 4,083 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Crown Molding
  • 1 Fireplace
  • River Views

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Outdoor Pool
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Riomar Bay Subdivision

Listing and Financial Details

  • Tax Lot 35
  • Assessor Parcel Number 33400500006000000035.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,787

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 153x118
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: Riomar Bay
  • Directions: A1A to Riomar Bay, go left on River Drive to #502
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 1989
  • ResoBuildingAreaSource: Plans
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-4712
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Wine Cooler, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Wet Bar, Closet Cabinetry, Crown Molding, Kitchen Island, Walk-In Closet(s)
  • Living Area: 4083.0
  • Stories: 1
  • Window Features: Impact Glass, None
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: Cul-De-Sac, 1/4 to 1/2 Acre Lot
  • Pool Features: Pool, Private
  • Pool Private: Yes
  • View: River
  • View: Yes
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Direction Faces: North
  • Exterior Features: Sprinkler/Irrigation, Porch
  • Patio And Porch Features: Covered, Porch
  • Roof: Tile

Garage/Parking

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

Utilities

  • Laundry Features: Laundry Room, Laundry Tub
  • 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: No

Lot Info

  • Parcel #: 33400500006000000035.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 22787.0
  • Tax Lot: 35
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2020
Closed on
Dec 28, 2020
Sold by
Cafr Investments Llc
Bought by
Steers Robert H and Steers Laurea J
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
List Price
$4,875,000
Sold Price
$5,250,000
Premium/Discount to List
$375,000
7.69%
Current Estimated Value
$7,306,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,056,353
Avg. Annual Appreciation
7.24%

Purchase Details

Listed on
Nov 25, 2015
Closed on
Apr 11, 2016
Sold by
Cookson Barbara A
Bought by
Cafr Investments Llc
Seller's Agent
Barbara McCarthy
Alex MacWilliam, Inc.
Buyer's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
List Price
$2,775,000
Sold Price
$2,600,000
Premium/Discount to List
-$175,000
-6.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.05%

Purchase Details

Closed on
Aug 11, 2011
Sold by
Cookson Barbara A
Bought by
Cookson Barbara A and Barbara A Cookson Trust
Source: Public Records

Range of Values:

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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
Steers Robert H $5,150,000 Attorney
Cafr Investments Llc $2,600,000 Attorney
Cookson Barbara A -- Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2020 12/28/20 Sold $5,250,000 +7.7% $1,286 / Sq Ft
11/28/2020 11/28/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $4,875,000 +87.5% $1,194 / Sq Ft
04/11/2016 04/11/16 Sold $2,600,000 -6.3% $786 / Sq Ft
03/12/2016 03/12/16 Pending -- -- --
11/25/2015 11/25/15 For Sale $2,775,000 -- $839 / 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 $89,774 $6,954,389 $1,539,087 $5,415,302
2023 $89,774 $5,128,711 $0 $0
2022 $76,135 $5,225,466 $1,442,895 $3,782,571
2021 $67,468 $4,238,604 $1,346,702 $2,891,902
2020 $22,787 $1,406,669 $1,346,702 $59,967
2019 $26,140 $1,570,763 $1,346,702 $224,061
2018 $32,365 $1,911,214 $1,346,702 $564,512
2017 $33,418 $1,943,456 $0 $0
2016 $31,865 $1,833,750 $0 $0
2015 $19,704 $1,135,490 $0 $0
2014 $18,920 $1,126,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matilde Sorensen

    Seller's Agent in 2020

    Matilde Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 532-0010

    257 Total Sales

    Section Image

  • B

    Seller's Agent in 2016

    Barbara McCarthy

    Alex MacWilliam, Inc.

    (772) 473-6353

    16 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Jennifer Kite

    Alex MacWilliam, Inc.

    (772) 633-0298

    16 Total Sales

    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 231916

APN: 33-40-05-00006-0000-00035.0

Florida Indian River County Vero Beach 32963

502 River Dr, Vero Beach, FL

This home is located at 502 River Dr, Vero Beach, FL 32963 since 23 April 2020 and is currently estimated at $7,306,353, approximately $1,789 per square foot. This property was built in 1989. 502 River Dr 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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