NOT LISTED FOR SALE

550 Riomar Dr Unit 24 Vero Beach, FL 32963

Estimated Value: $626,000 - $1,005,000

2 Beds
2 Baths
1,200 Sq Ft
1.51 Acres

Last Sold June 25, 2024

Last sale price $840,000 $700 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,657/month

104 Days on Market

Highlights

  • Intracoastal View
  • River Front
  • Bike Room
  • Beachland Elementary School Rated A-
  • Elevator
  • Jalousie or louvered window

About This Home

As of June 2024

Location, Location!! Coveted first floor, waterfront Bayou condo, adjacent to Quail Valley and a stroll down Riomar Drive to the beach, is finally available! This wonderful 2 bedroom condo features an amazing water view, electric shades, open kitchen with granite countertops and island, ensuite bathrooms, built in master bedroom storage in addition to a walk-in closet, pantry & separate laundry closet, and sunny outdoor patio. Bayou West has a community day dock and gas grill. This condo is ready for your touch!

Last Agent to Sell the Property

Mary Lintermann

Alex MacWilliam, Inc. Brokerage Phone: 772-231-6509 License #3486622 Listed on: 02/16/2024

Alex MacWilliam, Inc.

Last Buyer's Agent

Melissa Talley

Premier Estate Properties License #3139246

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,685

Year Built

  • Built in 1970

Lot Details

  • River Front
  • North Facing Home

Home Design

  • Tile Roof
  • Rolled or Hot Mop Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Jalousie or louvered window
  • Blinds
  • Sliding Doors
  • Tile Flooring
  • Intracoastal Views

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Assigned Parking

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 33400500014000000024.0

Community Details

Overview

  • Association fees include common areas, insurance, ground maintenance, maintenance structure, parking, pest control, reserve fund, sewer, trash, water
  • Keystone Association
  • Bayou Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Elevator
  • Bike Room

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,685

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Attached
  • Prop. Type: Residential
  • Lot Size: N/A
  • Ownership: Condo
  • Subdivision Name: Bayou Condo
  • Directions: A1A to Riomar Dr west, just north of Quail Valley River Club. Straight to 2nd building on left.
  • Architectural Style: Two Story
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Year Built: 1970
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached
  • Attribution Contact: 772-231-6509
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Tile
  • Interior Amenities: Built-in Features, Kitchen Island, Pantry, Walk-In Closet(s)
  • Living Area: 1200.0
  • Stories: 2
  • Window Features: Blinds, Jalousie
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: Other
  • Pool Features: None
  • View: Intercoastal
  • View: Yes
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Disclosures: First Right of Refusal, Lead Based Paint Disclosure, Pet Restrictions
  • Construction Type: Block, Concrete
  • Direction Faces: North
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Roof: Rolled/Hot Mop, Tile

Garage/Parking

  • Parking Features: Assigned, One Space, Uncovered

Utilities

  • Laundry Features: Laundry Closet
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Barbecue, Bicycle Storage, Elevator
  • Association Fee: 640.0
  • Association Name: Keystone
  • Pets Allowed: No
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Reserve Fund, Sewer, Trash, Water

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33400500014000000024.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3685.0
  • Tax Lot: N/A
  • Tax Year: 2023

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Jun 25, 2024
Sold by
Beverly B Lepage Revocable Trust and Lepage Beverly B
Bought by
Kealy William J and Kealy Ellen M
Seller's Agent
Mary Lintermann
Alex MacWilliam, Inc.
Buyer's Agent
Melissa Talley
Premier Estate Properties
List Price
$925,000
Sold Price
$840,000
Premium/Discount to List
-$85,000
-9.19%
Views
20
Current Estimated Value
$831,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,925
Avg. Annual Appreciation
-0.79%

Purchase Details

Closed on
Feb 11, 2019
Sold by
Lepage Living Trust
Bought by
Beverly B Lepage Revocable Trust

Purchase Details

Closed on
Jan 31, 2003
Sold by
Atwood Shelley
Bought by
Lepage Frederick R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.95%
Source: Public Records

Range of Values:

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Average Value
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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
Kealy William J $840,000 Supreme Title Solutions
Beverly B Lepage Revocable Trust -- Moore John E
Lepage Frederick R $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lepage Frederick R $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2024 06/25/24 Sold $840,000 -4.0% $700 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
03/27/2024 03/27/24 Price Changed $875,000 -5.4% $729 / Sq Ft
02/16/2024 02/16/24 For Sale $925,000 -- $771 / 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 $3,685 $780,683 -- $780,683
2023 $3,685 $270,155 $0 $0
2022 $3,569 $262,286 $0 $0
2021 $3,509 $254,647 $0 $0
2020 $3,494 $251,131 $0 $0
2019 $3,493 $245,485 $0 $0
2018 $3,479 $240,908 $0 $0
2017 $3,445 $235,953 $0 $0
2016 $3,399 $231,100 $0 $0
2015 $3,484 $229,500 $0 $0
2014 $3,336 $227,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mary Lintermann

    Alex MacWilliam, Inc.

    (802) 253-2244

    8 in this area

    15 Total Sales

    Mary Lintermann
    Section Image

  • M

    Buyer's Agent in 2024

    Melissa Talley

    Premier Estate Properties

    (772) 633-0407

    43 in this area

    106 Total Sales

    Melissa Talley
    Section Image
See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 275531

APN: 33-40-05-00014-0000-00024.0

Florida Indian River County Vero Beach 32963

550 Riomar Dr Unit 24, Vero Beach, FL

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