NOT LISTED FOR SALE

505 River Dr Vero Beach, FL 32963

Central Vero Beach Neighborhood

Estimated Value: $4,145,078 - $4,814,000

3 Beds
3.5 Baths
3,520 Sq Ft
$1,254/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2024

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

Current estimated payment $28,440 / mo

78 Days on Market

Highlights

  • 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

Pool

Outdoor Features

  • 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

0.6 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Jul 31, 2024
Sold by
Bought by
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
$4,414,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,980
Avg. Annual Appreciation
-0.25%

Purchase Details

Closed on
Feb 17, 2016
Sold by
Bought by

Purchase Details

Listed on
Mar 26, 2012
Closed on
Jun 8, 2012
Sold by
Bought by
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
6.21%
Original Mortgage
$1,320,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 6, 2002
Sold by
Bought by

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,435,000 None Listed On Document
-- Attorney
$1,900,000 Attorney
$860,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,320,000
Previous Owner $300,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
06/25/2012 06/25/12 Sold $1,900,000 -13.4% $540 / Sq Ft View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $55,742 $3,531,250 -- --
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

    77 in this area

    197 Total Sales

    Matilde Sorensen
    Section Image

  • K

    Seller's Agent in 2012

    Kay Brown

    Premier Estate Properties

    (772) 321-8626

    23 in this area

    45 Total Sales

    Kay Brown
    Section Image
  • Joseph Liguori

    Seller's Agent in 2012

    Joseph Liguori

    Premier Estate Properties Inc

    (561) 702-3477

    25 in this area

    124 Total Sales

    Joseph Liguori
    Section Image
  • Linda Gonzalez

    Buyer's Agent in 2012

    Linda Gonzalez

    Coldwell Banker Paradise

    (772) 559-7367

    7 in this area

    86 Total Sales

    Linda Gonzalez
    Section Image
See All Agents

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 Central Vero Beach

505 River Dr, Vero Beach, FL

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