NOT LISTED FOR SALE

520 Coconut Palm Rd Vero Beach, FL 32963

Estimated Value: $7,078,000 - $8,136,000

1.18 Acres
$6,464,979 Price per Acre
51,401 Sq Ft Lot

Last Sold May 29, 2024

Last sale price $7,500,000 $1,258 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $45,742/month

20 Days on Market

Highlights

  • Beach Access
  • On Golf Course
  • Gated with Attendant
  • Beachland Elementary School Rated A-
  • Fitness Center
  • River View

About This Lot

As of May 2024

Amazing riverfront lot in John's Island

Last Agent to Sell the Property

Michael Merrill

Douglas Elliman Florida LLC Brokerage Phone: 772-763-1500 License #3254788 Listed on: 05/08/2024

Douglas Elliman Florida LLC

Last Buyer's Agent

Michael Merrill

Douglas Elliman Florida LLC Brokerage Phone: 772-763-1500 License #3254788 Listed on: 05/08/2024

Douglas Elliman Florida LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $63,548

Lot Details

  • 1.18 Acre Lot
  • River Front
  • On Golf Course

Additional Features

  • River Views
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 26 / 25
  • Assessor Parcel Number 32391200004000000026.0

Community Details

Overview

  • Association fees include common areas, security
  • Private Membership Available
  • Jipoa Association
  • John's Island Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Pickleball Courts
  • Fitness Center
  • Community Pool
  • Beach Access
  • Access To Intracoastal Waterway

Additional Features

  • Clubhouse
  • Gated with Attendant

Property Details

Property Type

Land

Est. Annual Taxes

$63,548

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.18
  • Road Surface Type: Paved
  • Subdivision Name: John's Island
  • Directions: A1A to John's Island gate. Guard will direct you.
  • Attribution Contact: 772-763-1500
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: 1-3 Acres, On Golf Course
  • Pool Features: Community
  • View: River
  • View: Yes
  • Waterfront Features: Intracoastal Access, River Front, Beach Access
  • Waterfront: Yes

Utilities

  • Security: Gated with Guard, Security Guard
  • Sewer: Connected
  • Utilities: Cable Available, Electricity Available
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Club Membership Available, Clubhouse, Curbs, Fitness, Golf, Pickleball, Pool, Storm Drain(s), Tennis Court(s)
  • Association Fee: 3239.0
  • Association Name: JIPOA

Fee Information

  • Association Fee Includes: Common Areas, Security

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Lot Size Sq Ft: 51400.0
  • Number Of Lots: 1
  • Parcel #: 32391200004000000026.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Block: 25
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
May 29, 2024
Sold by
Lovell Jeffrey Dale and Lovell Family Trust
Bought by
Stephen M Burns Revocable Trust and Burns
Seller's Agent
Michael Merrill
Douglas Elliman Florida LLC
Buyer's Agent
Michael Merrill
Douglas Elliman Florida LLC
List Price
$7,500,000
Sold Price
$7,500,000
Views
4
Current Estimated Value
$7,628,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,675
Avg. Annual Appreciation
1.27%

Purchase Details

Closed on
Sep 13, 2021
Sold by
Williams Judith A
Bought by
Lloyd Robin A

Purchase Details

Closed on
Sep 10, 2021
Sold by
Williams Judith A
Bought by
Lloyd Robin A

Purchase Details

Closed on
Aug 16, 2021
Sold by
Williams Lauren S
Bought by
Wilmington Trust Na

Purchase Details

Closed on
May 24, 2019
Sold by
William Lauren S
Bought by
Williams Lauren S

Purchase Details

Closed on
Apr 7, 1999
Sold by
Klinetobe Lee M and Klinetobe Sally A
Bought by
Williams Lauren S and Williams Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Stephen M Burns Revocable Trust $7,500,000 None Listed On Document
Lloyd Robin A -- --
Lloyd Robin A -- --
Lovell Jeffrey Dale $6,765,000 Attorney
Wilmington Trust Na -- --
Williams Lauren S -- Attorney
Williams Lauren S $2,750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Lauren S $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2024 05/29/24 Sold $7,500,000 0.0% $1,258 / Sq Ft
05/08/2024 05/08/24 For Sale $7,500,000 -- $1,258 / 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 $63,548 $6,784,622 $6,784,622 --
2023 $63,548 $5,444,621 $0 $0
2022 $68,846 $5,830,877 $5,286,037 $544,840
2021 $49,760 $4,049,873 $0 $0
2020 $49,946 $3,993,958 $0 $0
2019 $50,521 $3,904,162 $0 $0
2018 $50,492 $3,831,366 $0 $0
2017 $50,757 $3,752,563 $0 $0
2016 $51,839 $3,675,380 $0 $0
2015 $54,003 $3,649,840 $0 $0
2014 $53,774 $3,620,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Michael Merrill

    Douglas Elliman Florida LLC

    (561) 427-3958

    38 in this area

    54 Total Sales

    Michael Merrill
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 278119

APN: 32-39-12-00004-0000-00026.0

Florida Indian River County Vero Beach 32963

520 Coconut Palm Rd, Vero Beach, FL

This home is located at 520 Coconut Palm Rd, Vero Beach, FL 32963 since 08 May 2024 and is currently estimated at $7,628,675, approximately $1,279 per square foot. 520 Coconut Palm Rd 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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