NOT LISTED FOR SALE

525 Banyan Rd Vero Beach, FL 32963

Estimated Value: $1,392,000 - $2,228,000

3 Beds
2.5 Baths
1,722 Sq Ft
$1,026/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $1,750,000 $1,016 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $10,334/month

25 Days on Market

Highlights

  • Parking available for a boat
  • Gas Heated Pool
  • High Ceiling
  • Beachland Elementary School Rated A-
  • Garden View
  • Covered Patio or Porch

About This Home

As of November 2023

Spectacular renovation in the heart of Central Beach close to the VB marina, parks, shops and the beach! This delightful home offers luxe finishes including all impact windows, new metal roof, high ceilings, Vadara quartz counters, Bosch appliances and more. Bright, sunny interior has desirable open split floor plan and two wonderful courtyards providing additional outdoor space perfect for entertaining. Private, fenced backyard is a beautiful tropical oasis featuring a heated, saltwater pool with travertine and covered lanai. Plenty of room for a detached cabana! Do not miss this special gem!

Last Agent to Sell the Property

Karen Smith

One Sotheby's Int'l Realty Brokerage Phone: 772-492-1002 License #3213399 Listed on: 10/19/2023

One Sotheby's Int'l Realty

Last Buyer's Agent

Eileen Diamond

Keller Williams Realty of VB License #3489436

Keller Williams Realty of VB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,850

Year Built

  • Built in 1987

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 140x100
  • South Facing Home
  • Fenced
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking available for a boat
  • RV Access or Parking

Property Views

  • Garden
  • Pool

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,722 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • French Doors
  • Sliding Doors
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Security System Owned
  • Security Lights
  • Motion Detectors
  • Fire and Smoke Detector

Pool

  • Gas Heated Pool
  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Vero Beach Estates Subdivision

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 32403200006011000028.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,850

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.32
  • Lot Size: 140x100
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: Vero Beach Estates
  • Directions: Take A1A north of Beachland Blvd. Turn left (west) on Banyan Rd. House is on the right. From Mockingbird north of Beachland Blvd., turn right on Banyan house is on the left.
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 1987
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-492-1002
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors, Sliding Doors
  • Fireplace: No
  • Flooring: Tile
  • Interior Amenities: Closet Cabinetry, High Ceilings, Kitchen Island, Split Bedrooms, Walk-In Closet(s), French Door(s)/Atrium Door(s)
  • Living Area: 1722.0
  • Stories: 1
  • Window Features: Blinds, Single Hung, Window Treatments
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Features: Gas Heat, Heated, Pool, Private, Salt Water
  • Pool Private: Yes
  • View: Garden, Pool
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Direction Faces: South
  • Exterior Features: Fence, Sprinkler/Irrigation, Porch, Patio, Rain Gutters, Propane Tank - Owned
  • Patio And Porch Features: Covered, Patio, Porch
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Boat, Driveway, Garage, Garage Door Opener, RV Access/Parking

Utilities

  • Laundry Features: Laundry Room, Laundry Tub
  • Security: Security System Owned, Closed Circuit Camera(s), Motion Detectors, Security Lights, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Other, Sidewalks, Gutter(s)
  • Association Name: None
  • Pets Allowed: Yes

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 32403200006011000028.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8850.0
  • Tax Lot: 28
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2023
Closed on
Nov 17, 2023
Sold by
Sims Antony E and Sims Mary A
Bought by
Bruce E And Patti M Meiers Revocable Trust and Meiers
Seller's Agent
Karen Smith
One Sotheby's Int'l Realty
Buyer's Agent
Eileen Diamond
Keller Williams Realty of VB
List Price
$1,750,000
Sold Price
$1,750,000
Views
21
Current Estimated Value
$1,766,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,568
Avg. Annual Appreciation
0.47%

Purchase Details

Closed on
Oct 20, 2022
Sold by
Richard J And Lynda H Hynan Trust
Bought by
Sims Antony E and Hynan Mary Ann

Purchase Details

Listed on
Jun 15, 2021
Closed on
Oct 27, 2021
Sold by
Dechellis Robert
Bought by
Hynan Richard J and Hynan Lynda H
Seller's Agent
Troy Westover
Dale Sorensen Real Estate Inc.
List Price
$1,100,000
Sold Price
$1,114,000
Premium/Discount to List
$14,000
1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.00%

Purchase Details

Listed on
Aug 29, 2018
Closed on
Jul 1, 2019
Sold by
Jonason Pauline B
Bought by
Dechellis Robert
Seller's Agent
Troy Westover
Dale Sorensen Real Estate Inc.
Buyer's Agent
Troy Westover
Dale Sorensen Real Estate Inc.
List Price
$625,000
Sold Price
$525,000
Premium/Discount to List
-$100,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.11%
Original Mortgage
$393,750
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bruce E And Patti M Meiers Revocable Trust $1,750,000 First American Title Insurance
Sims Antony E $1,400,000 --
Hynan Richard J $1,114,000 Attorney
Dechellis Robert $525,000 Supreme Title Solutions Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dechellis Robert $393,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2023 11/17/23 Sold $1,750,000 0.0% $1,016 / Sq Ft
11/13/2023 11/13/23 Pending -- -- --
10/19/2023 10/19/23 For Sale $1,750,000 +57.1% $1,016 / Sq Ft
10/27/2021 10/27/21 Sold $1,114,000 0.0% $647 / Sq Ft View Prior Sale
10/27/2021 10/27/21 Sold $1,114,000 +1.3% $647 / Sq Ft View Prior Sale
09/27/2021 09/27/21 Pending -- -- --
09/27/2021 09/27/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $1,100,000 +10.6% $639 / Sq Ft
05/21/2021 05/21/21 For Sale $995,000 +89.5% $578 / Sq Ft
07/01/2019 07/01/19 Sold $525,000 -16.0% $305 / Sq Ft View Prior Sale
06/01/2019 06/01/19 Pending -- -- --
08/29/2018 08/29/18 For Sale $625,000 -- $363 / 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 $12,292 $1,642,828 $693,600 $949,228
2023 $12,292 $780,914 $606,900 $174,014
2022 $8,850 $558,382 $433,500 $124,882
2021 $8,713 $552,686 $346,800 $205,886
2020 $7,912 $483,326 $277,440 $205,886
2019 $3,627 $251,741 $0 $0
2018 $3,611 $247,047 $0 $0
2017 $3,576 $241,966 $0 $0
2016 $3,527 $236,990 $0 $0
2015 $3,614 $235,350 $0 $0
2014 $3,457 $233,490 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Karen Smith

    One Sotheby's Int'l Realty

    (772) 559-1295

    9 in this area

    58 Total Sales

    Karen Smith
    Section Image
  • Eileen Diamond

    Buyer's Agent in 2023

    Eileen Diamond

    Keller Williams Realty of VB

    (772) 696-4772

    2 in this area

    21 Total Sales

    Eileen Diamond
    Section Image
  • Troy Westover

    Seller's Agent in 2021

    Troy Westover

    Dale Sorensen Real Estate Inc.

    (772) 453-1206

    34 in this area

    179 Total Sales

    Troy Westover
    Section Image
  • Andrew Westover

    Seller Co-Listing Agent in 2021

    Andrew Westover

    Dale Sorensen Real Estate Inc.

    (772) 494-9113

    17 in this area

    112 Total Sales

    Andrew Westover
    Section Image

  • E

    Seller Co-Listing Agent in 2019

    Elizabeth Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 696-1812

    45 in this area

    122 Total Sales

    Elizabeth Sorensen
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 272311

APN: 32-40-32-00006-0110-00028.0

Florida Indian River County Vero Beach 32963

525 Banyan Rd, Vero Beach, FL

Not Listed for Sale

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