NOT LISTED FOR SALE

505 River Dr Vero Beach, FL 32963

Estimated Value: $4,269,425 - $4,592,000

3 Beds
3.5 Baths
3,520 Sq Ft
$1,264/Sq Ft Est. Value

Last Sold August 01, 2024

Last sale price $4,435,000 $1,260 Per Sq Ft

Current estimated payment $26,167/month

78 Days on Market

Highlights

  • Outdoor Pool
  • River Front
  • Marble Flooring
  • Beachland Elementary School Rated A-
  • Canal View
  • Hydromassage or Jetted Bathtub

About This Home

As of August 2024

Waterfront courtyard Pool home in Riomar Bay. Charming sun filled home designed for indoor/outdoor living. Boater's delight with dock and lift. Moments to beach access, Quail, central beach shops and restaurants. Sizes approx./subj. to error.

Last Agent to Sell the Property

Matilde Sorensen

Dale Sorensen Real Estate Inc. Brokerage Phone: 772-231-4712 License #0316531 Listed on: 05/03/2024

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Matilde Sorensen

Dale Sorensen Real Estate Inc. Brokerage Phone: 772-231-4712 License #0316531 Listed on: 05/03/2024

Dale Sorensen Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,074

Year Built

  • Built in 1974

Lot Details

  • Lot Dimensions are 134x200
  • River Front
  • South Facing Home
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Tile Roof

Interior Spaces

  • 3,520 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Window Treatments
  • French Doors
  • Canal Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Outdoor Pool
  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Riomar Bay Subdivision

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 33400500006000000031.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,074

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 134x200
  • Ownership: Single Family/Other
  • Subdivision Name: Riomar Bay
  • Directions: Right on Bay Drive off A1A, left on River Drive to #505 on the right.
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 1974
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-4712
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplace: No
  • Flooring: Carpet, Marble
  • Interior Amenities: Bathtub, Closet Cabinetry, Crown Molding, Jetted Tub, Kitchen Island, Walk-In Closet(s), French Door(s)/Atrium Door(s)
  • Living Area: 3520.0
  • Stories: 1
  • Window Features: Window Treatments
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: 1/2 to 1 Acre Lot
  • Pool Features: Pool, Private
  • Pool Private: Yes
  • View: Canal
  • View: Yes
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Block, Concrete
  • Direction Faces: South
  • Exterior Features: Sprinkler/Irrigation, Porch, Rain Gutters
  • Patio And Porch Features: Covered, Porch
  • Roof: Tile

Garage/Parking

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

Utilities

  • Laundry Features: Laundry Room, In Unit
  • Cooling: Central Air, Electric, 3+ Units
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 33400500006000000031.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 23074.0
  • Tax Lot: 31
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Jul 31, 2024
Sold by
Kusch Robert Alexander and Robert Alexander Kusch Revocable Trust
Bought by
Cunningham Living Trust and Cunningham
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
List Price
$4,525,000
Sold Price
$4,435,000
Premium/Discount to List
-$90,000
-1.99%
Current Estimated Value
$4,449,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,606
Avg. Annual Appreciation
0.31%

Purchase Details

Closed on
Feb 17, 2016
Sold by
Kusch Robert A
Bought by
Kusch Robert Alexander

Purchase Details

Listed on
Apr 4, 2012
Closed on
Jun 8, 2012
Sold by
Markert Susan W and Markert Philip M
Bought by
Kusch Robert A
Seller's Agent
Joseph Liguori
Premier Estate Properties Inc
List Price
$2,195,000
Sold Price
$1,900,000
Premium/Discount to List
-$295,000
-13.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$1,320,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 6, 2002
Sold by
Peniston Eric W
Bought by
Markert Susan W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.85%
Source: Public Records

Range of Values:

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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
Cunningham Living Trust $4,435,000 None Listed On Document
Kusch Robert Alexander -- Attorney
Kusch Robert A $1,900,000 Attorney
Markert Susan W $860,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kusch Robert A $1,320,000
Previous Owner Markert Susan W $300,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2024 08/01/24 Sold $4,435,000 -2.0% $1,260 / Sq Ft
05/14/2024 05/14/24 For Sale $4,525,000 +138.2% $1,286 / Sq Ft
06/25/2012 06/25/12 Sold $1,900,000 0.0% $540 / Sq Ft
06/25/2012 06/25/12 Sold $1,900,000 -13.4% $540 / Sq Ft
05/26/2012 05/26/12 Pending -- -- --
05/26/2012 05/26/12 Pending -- -- --
04/04/2012 04/04/12 For Sale $2,195,000 0.0% $624 / Sq Ft
03/02/2012 03/02/12 For Sale $2,195,000 -- $624 / 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 $23,074 $2,801,678 $1,716,023 $1,085,655
2023 $23,074 $1,514,879 $0 $0
2022 $22,434 $1,470,756 $0 $0
2021 $22,181 $1,427,919 $0 $0
2020 $22,166 $1,408,205 $0 $0
2019 $22,259 $1,376,545 $0 $0
2018 $22,236 $1,350,878 $0 $0
2017 $22,105 $1,323,093 $0 $0
2016 $21,868 $1,295,880 $0 $0
2015 $22,410 $1,286,880 $0 $0
2014 $24,806 $1,466,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matilde Sorensen

    Seller's Agent in 2024

    Matilde Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 532-0010

    257 Total Sales

    Section Image

  • K

    Seller's Agent in 2012

    Kay Brown

    Premier Estate Properties

    (772) 321-8626

    73 Total Sales

    Section Image
  • Joseph Liguori

    Seller's Agent in 2012

    Joseph Liguori

    Premier Estate Properties Inc

    (561) 702-3477

    133 Total Sales

    Section Image
  • Linda Gonzalez

    Buyer's Agent in 2012

    Linda Gonzalez

    Coldwell Banker Paradise

    (772) 559-7367

    103 Total Sales

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 278234

APN: 33-40-05-00006-0000-00031.0

Florida Indian River County Vero Beach 32963

505 River Dr, Vero Beach, FL

This home is located at 505 River Dr, Vero Beach, FL 32963 since 03 May 2024 and is currently estimated at $4,449,606, approximately $1,264 per square foot. This property was built in 1974. 505 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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