NOT LISTED FOR SALE

503 River Dr Vero Beach, FL 32963

Central Vero Beach Neighborhood

Estimated Value: $5,292,000 - $5,858,000

4 Beds
6 Baths
2,933 Sq Ft
$1,889/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $5,850,000 $1,995 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $35,651/month

41 Days on Market

Highlights

  • Home fronts navigable water
  • Access To Intracoastal Waterway
  • Outdoor Pool
  • Beachland Elementary School Rated A-
  • Intracoastal View
  • Deck

About This Home

As of March 2022

In coveted Riomar Bay, this exceptional residence was built in 2020, with the finest luxury materials, and landscaping without equal. Three en-suite bdrms, separate en-suite guest house, 2 car & golf cart garage. The outdoor entertainment areas were built for the ultimate hosts!

Last Agent to Sell the Property

FREDRICA ASH

One Sotheby's Int'l Realty License #3322330 Listed on: 01/18/2022

One Sotheby's Int'l Realty

Co-Listed By

Christine Barry

One Sotheby's Int'l Realty License #3264562

Last Buyer's Agent

Kay Brown

Premier Estate Properties License #0189216

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,846

Year Built

  • Built in 2020

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 130x169
  • Home fronts navigable water
  • River Front
  • South Facing Home
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Intracoastal
  • River
  • Canal
  • Garden
  • Pool

Home Design

  • Tile Roof

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Vaulted Ceiling
  • 1 Fireplace
  • Double Hung Windows
  • Bay Window
  • Casement Windows
  • Sliding Doors
  • Security System Owned
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry Tub

Pool

  • Outdoor Pool
  • Spa

Outdoor Features

  • Access To Intracoastal Waterway
  • Deck
  • Enclosed Patio or Porch
  • Rain Gutters

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System

Community Details

  • Riomar Bay Subdivision

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number 33400500006000000032.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,846

Year Built

Built in 2020

Lot Details

0.45 Acres

Parking

3

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.45
  • Lot Size: 130x169
  • Co List Office Mls Id: 022505
  • Co List Office Phone: 772-222-5215
  • Ownership: Single Family/Other
  • Subdivision Name: Riomar Bay
  • Directions: A1A to Riomar Bay 1st left onto River Drive
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 2020
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-492-1002
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Tile, Wood
  • Interior Amenities: Built-in Features, Closet Cabinetry, Crown Molding, High Ceilings, Kitchen Island, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Stories: 2
  • Window Features: Bay Window(s), Casement Window(s), Double Hung
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Features: Pool, Private
  • Pool Private: Yes
  • View: Garden, Intercoastal, Pool, Canal, River
  • View: Yes
  • Waterfront Features: Intracoastal Access, Navigable Water, River Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Direction Faces: South
  • Exterior Features: Deck, Enclosed Porch, Sprinkler/Irrigation, Porch, Rain Gutters, Propane Tank - Leased
  • Patio And Porch Features: Covered, Deck, Porch, Screened
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Attached, Driveway, Garage, Three Car Garage, Garage Door Opener, Three or more Spaces

Utilities

  • Laundry Features: Laundry Room, Laundry Tub
  • Security: Security System Owned
  • Cooling: Central Air, 3+ Units
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None, Gutter(s)
  • Association Name: None
  • Pets Allowed: Yes

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33400500006000000032.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 38846.0
  • Tax Lot: 32
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2023
Sold by
Young William O and Young Susan S
Bought by
Benjamin Sutton Revocable Trust and Lisa Sutton Revocable Trust
Current Estimated Value
$5,540,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,750,000
Outstanding Balance
$2,650,960
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$2,889,307

Purchase Details

Listed on
Jan 18, 2022
Closed on
Mar 31, 2022
Sold by
Fowler Ian M and Fowler Constance N
Bought by
Young William O and Young Susan S
Seller's Agent
FREDRICA ASH
One Sotheby's Int'l Realty
Buyer's Agent
Kay Brown
Premier Estate Properties
List Price
$5,850,000
Sold Price
$5,850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.36%

Purchase Details

Listed on
May 20, 2016
Closed on
Jun 13, 2017
Sold by
Brim Sarah Morgan
Bought by
Fowler Ian M and Fowler Constance N
Seller's Agent
Jane Schwiering
Premier Estate Properties
Buyer's Agent
Kay Brown
Premier Estate Properties
List Price
$1,695,000
Sold Price
$1,100,000
Premium/Discount to List
-$595,000
-35.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.75%
Original Mortgage
$880,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 13, 2009
Sold by
Brim O Gilbert
Bought by
Brim Brim Jr Orville G Jr Orville G and Brim Bewkes Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.89%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 9, 2003
Sold by
Brim Orville G
Bought by
Brim Orville G

Purchase Details

Closed on
Feb 13, 2001
Sold by
Brim O Gilbert and Brim Kathleen V
Bought by
Brim O Gilbert and Brim Kathleen V
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
Benjamin Sutton Revocable Trust $5,400,000 None Listed On Document
Young William O $5,850,000 Campione Campione & Leonard Pa
Fowler Ian M $1,100,000 Attorney
Brim Brim Jr Orville G Jr Orville G -- Attorney
Brim Orville G -- --
Brim O Gilbert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benjamin Sutton Revocable Trust $2,750,000
Previous Owner Fowler Ian M $880,000
Previous Owner Brim Brim Jr Orville G Jr Orville G $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2022 03/31/22 Sold $5,850,000 0.0% $1,995 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $5,850,000 +431.8% $1,995 / Sq Ft
06/15/2017 06/15/17 Sold $1,100,000 -35.1% $375 / Sq Ft View Prior Sale
05/16/2017 05/16/17 Pending -- -- --
05/20/2016 05/20/16 For Sale $1,695,000 -- $578 / 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 $81,883 $5,136,052 $1,610,849 $3,525,203
2024 $72,926 $4,774,539 $1,428,058 $3,346,481
2023 $72,926 $4,682,623 $1,428,058 $3,254,565
2022 $44,349 $3,089,367 $1,142,446 $1,946,921
2021 $38,846 $2,436,833 $952,038 $1,484,795
2020 $15,337 $952,038 $952,038 $0
2019 $15,770 $952,038 $952,038 $0
2018 $16,064 $952,038 $952,038 $0
2017 $15,258 $883,873 $0 $0
2016 $7,561 $469,880 $0 $0
2015 $7,748 $466,620 $0 $0
2014 $7,430 $462,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • FREDRICA ASH

    Seller's Agent in 2022

    FREDRICA ASH

    One Sotheby's Int'l Realty

    (772) 217-0887

    18 in this area

    69 Total Sales

    FREDRICA ASH
    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Christine Barry

    One Sotheby's Int'l Realty

    (781) 910-5602

    7 in this area

    38 Total Sales

    Christine Barry
    Section Image

  • K

    Buyer's Agent in 2022

    Kay Brown

    Premier Estate Properties

    (772) 321-8626

    24 in this area

    54 Total Sales

    Kay Brown
    Section Image

  • M

    Buyer Co-Listing Agent in 2022

    Melissa Talley

    Premier Estate Properties

    (772) 633-0407

    53 in this area

    116 Total Sales

    Melissa Talley
    Section Image

  • J

    Seller's Agent in 2017

    Jane Schwiering

    Premier Estate Properties

    (772) 473-6048

    4 in this area

    17 Total Sales

    Jane Schwiering
    Section Image
  • Lucy Hendricks

    Seller Co-Listing Agent in 2017

    Lucy Hendricks

    Premier Estate Properties

    (772) 559-8812

    16 in this area

    46 Total Sales

    Lucy Hendricks
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 250271

APN: 33-40-05-00006-0000-00032.0

Florida Indian River County Vero Beach 32963 Central Vero Beach

503 River Dr, Vero Beach, FL

Not Listed for Sale

Detached

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