NOT LISTED FOR SALE

505 Wright Cir Vero Beach, FL 32968

Estimated Value: $725,788 - $742,000

5 Beds
3.5 Baths
2,537 Sq Ft
$289/Sq Ft Est. Value

Sale Details

Date Sold: May 30, 2024

Last sale price $650,000 $256 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,628 / mo

87 Days on Market

Highlights

  • Airport or Runway
  • 0.98 Acre Lot
  • Main Floor Primary Bedroom
  • RV Access or Parking
  • Roman Tub
  • Garden View

About This Home

As of May 2024

Join the Indian River County growth corridor by investing in your own community private airstrip home. Your aviation dream home is a 2 story Concrete block/stucco w/2nd story frame home w/5 bedrooms 3.5 baths and a fully functioning in-law quarters offering an updated designed for modern living w/an open concept living, dining & kitchen area creating space that is both inviting & works w/natural lighting providing a vibrant atmosphere. Experience the freedom to fly w/your private 50X50 2,500sqft red iron commercial airplane hanger featuring 16ft high vaulted ceilings. Extraordinary opportunity

Last Agent to Sell the Property

Vance Brinkerhoff

Coldwell Banker Paradise License #686238 Listed on: 01/27/2024

Coldwell Banker Paradise

Last Buyer's Agent

Vance Brinkerhoff

Coldwell Banker Paradise License #686238 Listed on: 01/27/2024

Coldwell Banker Paradise

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,259

Year Built

  • Built in 1998

Lot Details

  • 42,689 Sq Ft Lot
  • Lot Dimensions are 187x251
  • East Facing Home
  • Property is zoned air1

HOA Fees

  • $113 Monthly HOA Fees

Parking

  • 4 Car Detached Garage
  • Garage Door Opener
  • RV Access or Parking

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,537 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Ceiling Fan
  • Florida or Dining Combination
  • Storage
  • Carpet
  • Garden Views

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Dual Sinks
  • Roman Tub
  • Separate Shower in Primary Bathroom
  • Soaking Tub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Outdoor Living Area
  • Porch

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 33382300004000000041.0

Community Details

Overview

  • Aerodrome Subdivision

Amenities

  • Airport or Runway

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,259

Year Built

Built in 1998

Lot Details

0.98 Acres

HOA Fees

$113 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: West on SR 60, south on 82nd Av, West on 5th St SW, south on Wright to home on corner
  • Year Built: 1998
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Breakfast Area, Bathtub, Dual Sinks, Family/Dining Room, Garden Tub/Roman Tub, Kitchen Island, Main Level Primary, Pantry, Storage, Soaking Tub, Separate Shower, Walk-In Closet(s)
  • Main Level Bedrooms: 2
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Water Heater, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Entry Location: Entry Level Living Area Y
  • Flooring: Carpet
  • Living Area: 2537.0
  • Stories: 2

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: Garden
  • Pool Private: No
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Patio, Porch
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Covered, Detached, Garage, Garage Door Opener, RV Access/Parking

Utilities

  • Laundry Features: Inside
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Available
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 112.5
  • Community Features: Home Owners Association
  • Senior Community: No
  • Amenities: Airport/Runway, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 33382300004000000041.0
  • Lot Size Acres: 0.98
  • Lot Size: 187X251
  • Mobile Dim Units: Feet
  • Zoning: air1

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3259.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2024
Closed on
May 30, 2024
Sold by
Selig Michael A and Selig Bobbie J
Bought by
Spanos Michael
Seller's Agent
Vance Brinkerhoff
Coldwell Banker Paradise
Buyer's Agent
Vance Brinkerhoff
Coldwell Banker Paradise
List Price
$750,000
Sold Price
$650,000
Premium/Discount to List
-$100,000
-13.33%
Views
73
Current Estimated Value
$732,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,697
Avg. Annual Appreciation
6.54%
Original Mortgage
$520,000
Outstanding Balance
$511,623
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$221,074

Purchase Details

Closed on
Sep 3, 2008
Sold by
Oconnor Elaine M
Bought by
Selig Michael A and Selig Bobbie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,727
Interest Rate
6.48%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 24, 1997
Sold by
Franklin James Thompson and Franklin Kathleen Ann
Bought by
Oconnor Elaine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Spanos Michael $650,000 Majesty Title Services
Selig Michael A $290,000 None Available
Oconnor Elaine M $38,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spanos Michael $520,000
Previous Owner Selig Michael A $287,727
Previous Owner Oconnor Elaine M $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2024 05/30/24 Sold $650,000 -7.0% $256 / Sq Ft
04/02/2024 04/02/24 Price Changed $699,000 -6.8% $276 / Sq Ft
01/27/2024 01/27/24 For Sale $750,000 -- $296 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $7,892 $532,735 $110,759 $421,976
2024 $3,395 $438,275 $83,070 $355,205
2023 $3,395 $270,868 $0 $0
2022 $3,306 $262,978 $0 $0
2021 $3,296 $255,319 $0 $0
2020 $3,283 $251,794 $0 $0
2019 $3,289 $246,133 $0 $0
2018 $3,260 $241,544 $0 $0
2017 $3,232 $236,576 $0 $0
2016 $3,191 $231,710 $0 $0
2015 $3,303 $230,100 $0 $0
2014 $3,213 $228,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vance Brinkerhoff

    Seller's Agent in 2024

    Vance Brinkerhoff

    Coldwell Banker Paradise

    (972) 467-7718

    67 in this area

    254 Total Sales

    Vance Brinkerhoff
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10954264

BeachesMLS (Greater Fort Lauderdale)

APN: 33-38-23-00004-0000-00041.0

Florida Indian River County Vero Beach 32968

505 Wright Cir, Vero Beach, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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