NOT LISTED FOR SALE

520 Reef Rd Vero Beach, FL 32963

South Beach Area

Estimated Value: $5,242,000 - $5,872,000

5 Beds
6.5 Baths
5,906 Sq Ft
$936/Sq Ft Est. Value

Sale Details

Date Sold: February 24, 2020

Last sale price $2,875,000 $487 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $35,083 / mo

464 Days on Market

Highlights

  • Ocean Front
  • Gas Heated Pool
  • Outdoor Kitchen
  • Beachland Elementary School Rated A-
  • Wooded Lot
  • 1 Fireplace

About This Home

As of February 2020

Exceptional views in this custom 5,906 sq/ft private oceanfront estate. Featuring: travertine floors, triple crown molding, 2 staircases, en suites in all bedrooms, 4 covered balconies, built ins, summer kitchen, pool, fireplace, wet bar, 6 burner gas cook top, elevator & bonus room above the garage. Sizes are approx/subj to error.

Last Agent to Sell the Property

Matilde Sorensen

Dale Sorensen Real Estate Inc. License #0316531 Listed on: 10/17/2018

Dale Sorensen Real Estate Inc.

Co-Listed By

Kimberly Taylor

Dale Sorensen Real Estate Inc. License #3140811

Last Buyer's Agent

Matilde Sorensen

Dale Sorensen Real Estate Inc. License #0316531 Listed on: 10/17/2018

Dale Sorensen Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,502

Year Built

  • Built in 2006

Lot Details

  • Lot Dimensions are 104x355
  • Ocean Front
  • West Facing Home
  • Wooded Lot
  • Many Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Elevator
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • 1 Fireplace
  • Casement Windows
  • French Doors
  • Ocean Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Slate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Security System Owned
  • Hurricane or Storm Shutters

Pool

  • Gas Heated Pool
  • Outdoor Shower

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony
  • Covered Patio or Porch
  • Outdoor Kitchen

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • Association fees include common areas
  • Oceanside Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 33402100009000000007.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,502

Year Built

Built in 2006

Lot Details

0.86 Acres

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 104x355
  • Road Surface Type: Paved
  • Co List Office Mls Id: 0074
  • Co List Office Phone: 772-231-4712
  • Ownership: Single Family/Other
  • Subdivision Name: Oceanside
  • Directions: A1A TO OCEANSIDE. CORNER OF REEF RD AND CAPTAINS WALK.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 2006
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-4712
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Negotiable
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Wine Cooler, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Slate
  • Interior Amenities: Built-in Features, Closet Cabinetry, Crown Molding, Elevator, High Ceilings, Kitchen Island, Split Bedrooms, French Door(s)/Atrium Door(s)
  • Stories: 2
  • Window Features: Casement Window(s), Impact Glass, Window Treatments

Exterior Features

  • Lot Features: Moderate Trees, 1/2 to 1 Acre Lot
  • Pool Features: Gas Heat, Heated, Pool, Private
  • Pool Private: Yes
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Exterior Features: Balcony, Outdoor Kitchen, Outdoor Shower, Porch, Propane Tank - Owned, Storm/Security Shutters
  • Patio And Porch Features: Covered, Porch
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Lower Level, Laundry Room, Laundry Tub
  • Security: Security System Owned
  • Cooling: Central Air, Electric, 3+ Units
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 33.33
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas

Lot Info

  • Parcel #: 33402100009000000007.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 41502.0
  • Tax Lot: 7
  • Tax Year: 2019

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
Oct 17, 2018
Closed on
Feb 24, 2020
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
$3,800,000
Sold Price
$2,875,000
Premium/Discount to List
-$925,000
-24.34%
Current Estimated Value
$5,529,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,654,153
Avg. Annual Appreciation
10.69%
Original Mortgage
$1,700,000
Interest Rate
0.0237%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 23, 2002
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2002
Sold by
Bought by
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
$2,875,000 Attorney
$1,385,000 None Available
$1,085,000 --
$595,000 --
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
Open $1,700,000
Previous Owner $1,385,000
Previous Owner $1,016,755
Previous Owner $1,100,000
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
02/24/2020 02/24/20 Sold $2,875,000 -24.3% $487 / Sq Ft
01/25/2020 01/25/20 Pending -- -- --
10/17/2018 10/17/18 For Sale $3,800,000 -- $643 / 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 $56,674 $4,044,329
2024 $49,955 $3,905,049 $1,627,910 $2,277,139
2023 $49,955 $3,373,899 $0 $0
2022 $44,169 $3,225,633 $1,627,910 $1,597,723
2021 $40,718 $2,788,347 $1,563,133 $1,225,214
2020 $40,764 $2,749,741 $1,563,133 $1,186,608
2019 $41,502 $2,722,411 $1,801,992 $920,419
2018 $39,777 $2,692,005 $1,801,992 $890,013
2017 $36,967 $2,462,072 $0 $0
2016 $35,956 $2,488,490 $0 $0
2015 $30,717 $1,819,380 $0 $0
2014 $27,802 $1,694,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matilde Sorensen

    Seller's Agent in 2020

    Matilde Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 532-0010

    195 Total Sales

    Matilde Sorensen
    Section Image

  • K

    Seller Co-Listing Agent in 2020

    Kimberly Taylor

    Dale Sorensen Real Estate Inc.

    (772) 539-1135

    47 Total Sales

    Kimberly Taylor
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 211091

APN: 33-40-21-00009-0000-00007.0

Florida Indian River County Vero Beach 32963

520 Reef Rd, Vero Beach, FL

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