NOT LISTED FOR SALE

503 River Dr Vero Beach, FL 32963

Estimated Value: $5,263,000 - $6,163,000

4 Beds
6 Baths
2,933 Sq Ft
$1,974/Sq Ft Est. Value

Last Sold March 31, 2022

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

Est. 1% decrease in value since last sale

Current estimated payment $37,631/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

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
Current Estimated Value
$5,791,074

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
$2,683,552
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$3,107,522

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
-0.30%

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

Range of Values:

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Average Value
Not Available
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
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 $1,787,500
Previous Owner Fowler Ian M $1,499,999
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 Change Sq Ft Price
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
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 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 $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

    70 Total Sales

    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Christine Barry

    One Sotheby's Int'l Realty

    (781) 910-5602

    36 Total Sales

    Section Image

  • K

    Buyer's Agent in 2022

    Kay Brown

    Premier Estate Properties

    (772) 321-8626

    73 Total Sales

    Section Image

  • M

    Buyer Co-Listing Agent in 2022

    Melissa Talley

    Premier Estate Properties

    (772) 633-0407

    99 Total Sales

    Section Image

  • J

    Seller's Agent in 2017

    Jane Schwiering

    Premier Estate Properties

    (772) 473-6048

    27 Total Sales

    Section Image

  • L

    Seller Co-Listing Agent in 2017

    Lucy Hendricks

    Premier Estate Properties

    (772) 559-8812

    52 Total Sales

    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

503 River Dr, Vero Beach, FL

This home is located at 503 River Dr, Vero Beach, FL 32963 since 18 January 2022 and is currently estimated at $5,791,074, approximately $1,974 per square foot. This property was built in 2020. 503 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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