$599,000
$16K PRICE DROP

5151 Formosa Cir Vero Beach, FL 32967

Waterway Village Neighborhood

Estimated payment $3,715/month

Total Views 7,234
3 Beds
2.5 Baths
1,983 Sq Ft
$302 Price per Sq Ft

Highlights

  • Lake Front
  • Home fronts a pond
  • Gated Community
  • Fitness Center
  • Outdoor Pool
  • Clubhouse

About This Home

Beautifully updated 3BR/2.5BA home in the Isles at Waterway Village with peaceful water and preserve views. Features impact windows/doors, crown molding, custom built-ins, and a stylish kitchen with quartz counters and stainless appliances. Spacious primary suite offers a walk-in closet/safe room. Enjoy serene mornings overlooking protected wetlands. Gated community with sidewalks, resort-style pool, fitness center, tennis, and pickleball. Impeccably maintained and move-in ready in a prime Vero Beach location!

Listing Agent

Peter Marini

Keller Williams Realty of VB Brokerage Phone: 772-473-6596 License #3266642 Listed on: 05/15/2025

Keller Williams Realty of VB

Co-Listing Agent

Brenda Durwin

Keller Williams Realty of VB Brokerage Phone: 772-473-6596 License #3576011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,417

Year Built

  • Built in 2011

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 42x135
  • Home fronts a pond
  • Lake Front
  • Southwest Facing Home

Parking

  • 2 Car Garage

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 1,983 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • High Ceiling
  • Sliding Doors
  • Lake Views
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Outdoor Pool
  • Screened Patio

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 360A
  • Assessor Parcel Number 32392100011000000360.0

Community Details

Overview

  • Association fees include common areas, ground maintenance, recreation facilities, reserve fund, security
  • Ar Choice Association
  • Isles At Waterway Village Subdivision

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Park

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,417

Year Built

Built in 2011

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Lot Size: 42x135
  • Co List Office Mls Id: 1352
  • Co List Office Phone: 772-257-8000
  • Ownership: Single Family/Other
  • Subdivision Name: Isles at Waterway Village
  • Directions: from US1 turn west on 53rd street turn right onto 58th Avenue, travel .5 miles, then turn left onto Waterway Village Blvd.
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2011
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-473-6596
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Flooring: Tile, Wood
  • Interior Amenities: Crown Molding, High Ceilings, Walk-In Closet(s)
  • Living Area: 1983.0
  • Stories: 1

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: Pool, Community
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake, Pond
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: Southwest
  • Patio And Porch Features: Patio, Screened
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage

Utilities

  • Laundry Features: In Unit
  • Security: Gated Community, Smoke Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: County Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness, Other, Park, Sidewalks, Tennis Court(s), Pool
  • Association Fee: 476.0
  • Association Name: AR Choice
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Recreation Facilities, Reserve Fund, Security

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 32392100011000000360.0

Tax Info

  • Tax Annual Amount: 5417.0
  • Tax Lot: 360A
  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $5,184 $423,262 -- --
2023 $5,184 $399,352 $0 $0
2022 $4,551 $362,258 $0 $0
2021 $4,279 $322,904 $68,000 $254,904
2020 $4,333 $322,904 $68,000 $254,904
2019 $2,973 $225,399 $0 $0
2018 $2,946 $221,196 $0 $0
2017 $2,919 $216,646 $0 $0
2016 $2,881 $212,190 $0 $0
2015 $2,982 $210,720 $0 $0
2014 $2,898 $209,050 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 Price Changed $599,000 -2.6% $302 / Sq Ft
05/16/2025 05/16/25 For Sale $615,000 -- $310 / Sq Ft
Source: REALTORS® Association of Indian River County

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed $263,300 Pgp Title Of Florida Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $30,000 Credit Line Revolving
Previous Owner $200,000 New Conventional
Previous Owner $210,640 New Conventional
Source: Public Records

Similar Homes in Vero Beach, FL

  • 5193 Eleuthra Cir, Vero Beach, FL 32967

    $615,000

    • 3 Beds
    • 2.5 Baths
    • 2,000 Sq Ft
    • 5193 Eleuthra Cir
    • Vero Beach, FL

    BEAUTIFUL ORIGINAL OWNER HOME IN THE ISLES OF WATERWAY. THREE BEDROOM, 2.5 BATHS WITH AN OFFICE/DEN THAT CAN BE A 4TH BEDROOM. OPEN FLOOR PLAN, PLENTIFUL LIGHT, STEEL SAFE ROOM AND SALT WATER SOLAR HEATED POOL. THE POOL AREA IS VERY PRIVATE FOR ENDLESS ENJOYMENT. IMPACT GLASS, ACCORDIAN SHUTTERS AND WHOLE HOUSE GENERATOR ADD SAFETY AND SECURITY FOR PEACE OF MIND. COUNTY WATER AND SEWER JUST ADD

    Susan Maitner RE/MAX Crown Realty

    Section Image
  • 5209 Eleuthra Cir, Vero Beach, FL 32967

    $479,900

    • 3 Beds
    • 3 Baths
    • 2,018 Sq Ft
    • 5209 Eleuthra Cir
    • Vero Beach, FL

    3 BEDROOM/3 BATH/2 CAR GARAGE - PRICED TO SELL: Waterway Village is a vibrant, sought-after community with resort-style amenities. This beautiful CONCRETE BLOCK 2008 home with a built-in SAFE ROOM. It has 3 bedrooms PLUS a Den/Office Space. THIS HOME IS MOVE-IN READY NOW! LANDSCAPE Maintenance and Basic Cable are INCLUDED in the HOA fees. Bonus: All remaining furnishings can stay OR go, YOU

    Kim Salmon RE/MAX Crown Realty

    Section Image
  • 5640 Corsica Place, Vero Beach, FL 32967

    $464,900

    • 3 Beds
    • 3 Baths
    • 2,018 Sq Ft
    • 5640 Corsica Place
    • Vero Beach, FL

    Relax and Enjoy this charming Oakmont Model Home - 3BD/3BA w/Den overlooking the lake! NEW 2025 AC; Freshly painted inside & out included the 2 car garage. The Kitchen boasts white cabinets & corian countertops; white appliances; tile throughout main living area; beautiful built-in wall unit w/glass shelves; new carpet in Primary Bedroom w/walk in the closets & his & her bathroom; accordion

    Diane Litzinger RE/MAX Crown Realty VB

    Section Image
  • 4785 55th St, Vero Beach, FL 32967

    $495,000

    • 4 Beds
    • 3 Baths
    • 2,281 Sq Ft
    • 4785 55th St
    • Vero Beach, FL

    Discover this elegant 4-bedroom, 3-bathroom home in the gated VeroLago community, built in 2013. Features include a tile roof, impact-resistant windows and doors, a paver driveway, and a 2-car air-conditioned garage with epoxy floors and ample cabinetry. Inside, enjoy crown molding, plantation shutters, and tile floors. The kitchen boasts granite counters, a backsplash, island, roll-out drawers,

    Scott Oberlink One Sotheby's Int'l Realty

    Section Image
  • 4454 Beauty Leaf Cir, Vero Beach, FL 32967

    $495,000

    • 2 Beds
    • 2 Baths
    • 1,543 Sq Ft
    • 4454 Beauty Leaf Cir
    • Vero Beach, FL

    This stunning fully furnished 2-bedroom, 2-bathroom villa, featuring a den that easily converts into a third bedroom, offers the perfect blend of modern style and everyday convenience in a highly desirable, all-ages community.Inside, the open kitchen concept enhances the flow of the home, designed for both functionality and aesthetic appeal. Equipped with sleek appliances, ample counter space,

    Carrie Nettleton William Raveis Real Estate

    Section Image
  • 4579 Ashley Lake Cir, Vero Beach, FL 32967

    $480,000

    • 4 Beds
    • 3 Baths
    • 2,341 Sq Ft
    • 4579 Ashley Lake Cir
    • Vero Beach, FL

    Welcome home to this spacious 2,341 sq ft stunner featuring 4 bedrooms, 3 full bathrooms, and a rare air-conditioned garage—perfect for a home gym, hobby space, or simply keeping your ride cool year-round.Whip up your favorite meals in a gourmet kitchen with granite countertops and sleek stainless steel appliances, then relax in the open living area or retreat to the fully fenced

    Shannon Krieger EXIT Right Realty

    Section Image
  • 2172 Falls Manor, Vero Beach, FL 32967

    $650,000

    • 3 Beds
    • 2 Baths
    • 1,914 Sq Ft
    • 2172 Falls Manor
    • Vero Beach, FL

    LAKEVIEW! GHO built home, lakefront, quartz countertops. Tile and deluxe vinyl flooring. Open Floor plan, the glass French doors to access the back yard and large windows provide lake views from all living areas. Large backyard. OWNER MOTIVATED, OFFERING $10,000 Flex Cash at closing, may be used for Closing Costs. Do not miss!

    Nancy Marquez Coldwell Banker Paradise

    Section Image
  • 2570 Barbados Ln, Vero Beach, FL 32967

    $559,000

    • 4 Beds
    • 3 Baths
    • 2,541 Sq Ft
    • 2570 Barbados Ln
    • Vero Beach, FL

    Offering the perfect blend of luxury and lifestyle, this 2021 Antilles home is just minutes from the pristine beaches of Vero Beach. An energy-efficient Smart Home, complete with thoughtful upgrades and designer touches, the home is spacious, with split-floor plan, a private guest suite, and spa-like primary bedroom. So much more to see! One of the best values in the resort- style Antilles

    Elizabeth Train One Sotheby's Int'l Realty

    Section Image
  • 6450 36th Ln, Vero Beach, FL 32966

    $560,000

    • 3 Beds
    • 2 Baths
    • 1,942 Sq Ft
    • 6450 36th Ln
    • Vero Beach, FL

    Located in the private, gated community of Oak Chase, this 3-bed, 2-bath home offers exceptional value with high-cost upgrades already completed including a durable metal roof, whole-home re-pipe, and freshly painted interior/exterior. The 3-car garage & oversized paver driveway are impressive. Inside, you’ll find 1,942 sq ft living space, a split floor plan, 14’ ceilings, & tile flooring. The

    Scott Oberlink One Sotheby's Int'l Realty

    Section Image
See All Homes in Vero Beach

Source: REALTORS® Association of Indian River County

MLS Number: 288101

APN: 32-39-21-00011-0000-00360.0

Florida Indian River County Vero Beach 32967 Waterway Village

5151 Formosa Cir, Vero Beach, FL

This home is located at 5151 Formosa Cir, Vero Beach, FL 32967 and is currently priced at $599,000, approximately $302 per square foot. This property was built in 2011. 5151 Formosa Cir is a home located in Indian River County with nearby schools including Dodgertown Elementary School, Storm Grove Middle School, and Sebastian River High School.

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.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Peter Marini
Section Image
Keller Williams Realty of VB
(772) 248-4251