NOT LISTED FOR SALE

700 Reef Rd Vero Beach, FL 32963

Estimated Value: $4,038,000 - $8,658,347

6 Beds
8 Baths
8,256 Sq Ft
$769/Sq Ft Est. Value

Last Sold May 11, 2021

Last sale price $7,500,000 $908 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $42,992/month

788 Days on Market

Highlights

  • Ocean Front
  • Spa
  • Marble Flooring
  • Beachland Elementary School Rated A-
  • Deck
  • 2 Fireplaces

About This Home

As of May 2021

Stunning oceanfront home, 2017 construction w/exceptional custom finishes. Open foyer on 1st floor has wide views of the pool & ocean upon entering. 21-ft. elevation, state of the art kitchen & elevator provide carefree living. Enjoy 100-ft. ocean frontage & private dune crossover as you relax on a beachside veranda, soaking in the views. Close to The Moorings Club & St. Edwards School.

Last Agent to Sell the Property

Erika Ross

The Moorings Realty Sales Co. License #3204519 Listed on: 02/12/2019

Last Buyer's Agent

FREDRICA ASH

One Sotheby's Int'l Realty License #3322330

One Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,434

Year Built

  • Built in 2017

Lot Details

  • Lot Dimensions are 100x400
  • Ocean Front
  • West Facing Home
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Property Views

  • Ocean
  • Pool

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 8,256 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • 2 Fireplaces
  • Blinds
  • Sliding Doors

Kitchen

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

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Pool

  • Spa
  • Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony
  • Deck
  • Patio
  • Built-In Barbecue

Utilities

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

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 33402200000001000011.0

Community Details

Overview

  • Association fees include common areas, security
  • Self Managed Association
  • Floralton Beach Subdivision

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,434

Year Built

Built in 2017

Lot Details

0.92 Acres

Parking

3

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 100x400
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: Floralton Beach
  • Directions: From 17th St. Bridge/Causeway, south on Hwy. A1A. East on Seagrape Dr. East to Reef Rd.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 2017
  • ResoBuildingAreaSource: Plans
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-5131
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Negotiable
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Wine Cooler, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Door Features: Sliding Doors
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Marble, Tile, Wood
  • Interior Amenities: Wet Bar, Built-in Features, Closet Cabinetry, Crown Molding, Elevator, High Ceilings, Kitchen Island, Walk-In Closet(s), Central Vacuum
  • Living Area: 8256.0
  • Stories: 2
  • Window Features: Blinds, Impact Glass
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: 1/2 to 1 Acre Lot
  • Pool Features: Electric Heat, Heated, Pool
  • View: Pool, Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Deck, Sprinkler/Irrigation, Patio, Propane Tank - Owned
  • Patio And Porch Features: Deck, Patio
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage, Three Car Garage, Garage Door Opener, Three or more Spaces

Utilities

  • Laundry Features: Laundry Room, Laundry Tub
  • Security: Security Guard
  • 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: 50.0
  • Association Name: Self-Managed
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Security

Schools

  • Elementary School: Beachland Elementary
  • High School: Vero Beach High School
  • Middle Or Junior School: Gifford Middle

Lot Info

  • Parcel #: 33402200000001000011.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 62434.0
  • Tax Lot: 1
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2019
Closed on
May 11, 2021
Sold by
Bastian Raphael M and Bastian Mary Jean
Bought by
Shackelton Christopher S and Shackelton Ashley D
Seller's Agent
Erika Ross
The Moorings Realty Sales Co.
Buyer's Agent
FREDRICA ASH
One Sotheby's Int'l Realty
List Price
$7,500,000
Sold Price
$7,500,000
Current Estimated Value
$6,348,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,151,826
Avg. Annual Appreciation
-3.40%

Purchase Details

Closed on
Oct 4, 2019
Sold by
Mary Jean Bastian Declaration Of Trust
Bought by
Indian River County Florida

Purchase Details

Listed on
Mar 4, 2013
Closed on
Jun 18, 2014
Sold by
Reef Road Properties Llc
Bought by
Declaration Bastian Mary Jean and Declaration Mary Jean Bastian
Buyer's Agent
Erika Ross
The Moorings Realty Sales Co.
List Price
$2,395,000
Sold Price
$5,055,800
Premium/Discount to List
$2,660,800
111.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.96%

Purchase Details

Closed on
Jan 4, 2008
Sold by
Kendall James M
Bought by
Reef Road Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,300,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
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

Date Buyer Sale Price Title Company
Shackelton Christopher S $7,500,000 Attorney
Indian River County Florida -- Reingold Dylan
Indian River County Florida -- Reingold Dylan
Declaration Bastian Mary Jean $2,400,000 Attorney
Reef Road Properties Llc $4,200,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reef Road Properties Llc $3,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2021 05/11/21 Sold $7,500,000 0.0% $908 / Sq Ft
04/11/2021 04/11/21 Pending -- -- --
02/12/2019 02/12/19 For Sale $7,500,000 +48.3% $908 / Sq Ft
06/20/2014 06/20/14 Sold $5,055,800 +111.1% $612 / Sq Ft View Prior Sale
05/21/2014 05/21/14 Pending -- -- --
03/04/2013 03/04/13 For Sale $2,395,000 -- $290 / Sq Ft
Source: REALTORS® Association of Indian River County

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
2025 $123,869 $8,804,564 -- --
2024 $103,521 $7,911,588 -- --
2023 $103,521 $7,464,678 $0 $0
2022 $101,250 $7,247,260 $2,112,671 $5,134,589
2021 $62,908 $4,318,378 $2,028,504 $2,289,874
2020 $62,434 $4,221,275 $2,028,504 $2,192,771
2019 $61,508 $4,034,509 $1,819,364 $2,215,145
2018 $60,255 $3,936,416 $1,819,364 $2,117,052
2017 $24,991 $1,592,505 $0 $0
2016 $24,663 $1,547,070 $0 $0
2015 $26,486 $1,592,460 $0 $0
2014 $20,294 $1,498,730 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 215726

APN: 33-40-22-00000-0010-00011.0

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