NOT LISTED FOR SALE

5178 Formosa Cir Vero Beach, FL 32967

Waterway Village Neighborhood

Estimated Value: $431,381 - $509,000

3 Beds
2 Baths
2,000 Sq Ft
$243/Sq Ft Est. Value

Highlights

  • Fitness Center
  • Waterfront
  • Outdoor Living Area
  • Gated Community
  • Clubhouse
  • High Ceiling

About This Home

As of January 2024

Experience Florida resort-style living at Isles at Waterway Village. This neighborhood isn't just a place to live; it's a lifestyle with a fitness center, pool, pickleball, tennis, & more. Step into this inviting 3-bedroom lakefront Rental. Inside, you'll be greeted by a bright, airy ambiance, thanks to high ceilings and cool tile floors that keep the Florida heat at bay. The split floor plan ensures privacy for all household members, while the inclusion of modern necessities like a washer, dryer, and a garage adds to the daily ease. The kitchen boasts stainless steel appliances and granite counters, adding a touch of charm to the heart of the home. Enjoy serene water views outside to your screened lanai a peaceful retreat for your morning coffee or evening relaxation. This haven is just

Last Agent to Rent the Property

Robenson Juste

Juste Real Estate LLC License #3345797 Listed on: 12/02/2023

Co-Listed By

Betty Francois

Palm Paradise Realty Group License #3326527

Last Renter's Agent

Robenson Juste

Juste Real Estate LLC License #3345797 Listed on: 12/02/2023

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2012

Lot Details

  • Waterfront
  • East Facing Home

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Screened Porch
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Laundry Tub

Outdoor Features

  • Property is near a pond
  • Patio
  • Outdoor Living Area

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 12/2/23
  • Tenant pays for cable TV, electricity, water
  • Assessor Parcel Number 323921000110000003810

Community Details

Overview

  • Property has a Home Owners Association
  • Isles At Waterway Village Subdivision

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2012

Lot Details

8,712 Sq Ft Lot

Parking

2

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water
  • Available Date: 2023-12-02

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Year Built: 2012
  • Entry Level: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: High Ceilings, Main Level Primary, Split Bedrooms, Tub Shower, Walk-In Closet(s)
  • Main Level Bedrooms: 3
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: Entry Level Living Area Y
  • Flooring: Tile
  • Living Area: 2000.0
  • Stories: 1

Exterior Features

  • Exterior Features: Outdoor Living Area
  • Pool Features: Association
  • Pool Private: No
  • Waterfront Features: Pond
  • Waterfront: Yes
  • Direction Faces: East
  • Patio And Porch Features: Covered, Patio, Screened

Garage/Parking

  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Garage, Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Security: Gated Community
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community Features: Home Owners Association, Gated
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Pool, Tennis Court(s)
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 323921000110000003810
  • Land Lease Amount Frequency: Monthly
  • Mobile Dim Units: Feet

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

Closed on
Jan 25, 2025
Sold by
Singh Komal and Singh Sumintra
Bought by
Current Estimated Value
$483,614

Purchase Details

Closed on
May 30, 2012
Sold by
Divosta Homes Lp
Bought by
Komal Premchandra and Komal Sumintra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,100
Interest Rate
3.88%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Waterway Village, FL

  • Carrie Nettleton Real Estate Agent - William Raveis Real Estate

    Carrie Nettleton

    William Raveis Real Estate

    (860) 407-5613

    27 Total Sales

    2 in Waterway Village

    $422,000 Price Range

    Carrie Nettleton
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  • Richard Zangre Real Estate Agent - Coldwell Banker Paradise

    Richard Zangre

    Coldwell Banker Paradise

    (772) 272-8912

    100 Total Sales

    6 in Waterway Village

    $580K - $625K Price Range

    Richard Zangre
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  • Vicky Lee Santana Real Estate Agent - NextHome Santana Real Estate

    Vicky Lee Santana

    NextHome Santana Real Estate

    (772) 494-2391

    67 Total Sales

    3 in Waterway Village

    $525,000 Price Range

    Vicky Lee Santana
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  • Colleen MacCallum Real Estate Agent - EXIT Right Realty

    Colleen MacCallum

    EXIT Right Realty

    (772) 356-3718

    71 Total Sales

    1 in Waterway Village

    $400,000 Price

    Colleen MacCallum
     Section Image
  • Kim Salmon Real Estate Agent - RE/MAX Crown Realty

    Kim Salmon

    RE/MAX Crown Realty

    (772) 404-5464

    115 Total Sales

    2 in Waterway Village

    $370,000 Price Range

    Kim Salmon
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  • Ben Bryk Real Estate Agent - Coldwell Banker Paradise

    Ben Bryk

    Coldwell Banker Paradise

    (772) 773-1345

    89 Total Sales

    3 in Waterway Village

    $840,000 Price Range

    Ben Bryk
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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
-- None Listed On Document
Komal Premchandra $243,000 Pgp Title
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 $210,875
Previous Owner Komal Premchandra $170,100
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
01/01/2024 01/01/24 Rented $2,900 0.0% --
12/02/2023 12/02/23 For Rent $2,900 -17.1% --
09/01/2023 09/01/23 Rented $3,500 0.0% --
08/08/2023 08/08/23 Price Changed $3,500 -6.7% --
07/24/2023 07/24/23 Price Changed $3,750 -6.3% --
07/18/2023 07/18/23 Price Changed $4,000 -11.1% --
07/04/2023 07/04/23 For Rent $4,500 +80.0% --
06/18/2021 06/18/21 For Rent $2,500 0.0% --
06/18/2021 06/18/21 Rented $2,500 +42.9% --
05/12/2016 05/12/16 Rented $1,750 0.0% --
05/12/2016 05/12/16 For Rent $1,750 +16.7% --
06/05/2014 06/05/14 For Rent $1,500 0.0% --
06/05/2014 06/05/14 Rented $1,500 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

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 $6,416 $450,303 $55,250 $395,053
2024 $5,325 $395,008 $34,000 $361,008
2023 $5,325 $340,485 $0 $0
2022 $4,762 $351,534 $34,000 $317,534
2021 $4,245 $281,393 $34,000 $247,393
2020 $4,337 $283,997 $34,000 $249,997
2019 $4,397 $279,747 $29,750 $249,997
2018 $4,065 $254,705 $29,750 $224,955
2017 $4,058 $250,455 $0 $0
2016 $3,825 $237,390 $0 $0
2015 $3,582 $208,910 $0 $0
2014 $3,239 $192,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robenson Juste Real Estate Agent - Juste Real Estate LLC

    Landlord's Agent in 2024

    Robenson Juste

    Juste Real Estate LLC

    (772) 538-7400

    114 Total Sales

    Robenson Juste
    Section Image
  • Betty Francois Real Estate Agent - Palm Paradise Realty Group

    Landlord's Co-Listing Agent in 2024

    Betty Francois

    Palm Paradise Realty Group

    (772) 332-6081

    25 Total Sales

    Betty Francois
    Section Image

  • SS

    Seller's Agent in 2023

    Shelly Stang

    Wild Orchid Realty

    (772) 321-7912

    11 Total Sales

    Shelly Stang
    Section Image

  • CM

    Buyer's Agent in 2021

    Carol Makolin

    One Sotheby's Int'l Realty

    (772) 321-2959

    3 in this area

    30 Total Sales

    Carol Makolin
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10940214

BeachesMLS (Greater Fort Lauderdale)

APN: 32-39-21-00011-0000-00381.0

Florida Indian River County Vero Beach 32967 Waterway Village

5178 Formosa 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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