$179,900
$59K PRICE DROP

740 Lake Orchid Cir Unit 205 Vero Beach, FL 32962

Florida Ridge Neighborhood

Estimated payment $1,093/month

Total Views 8,452
2 Beds
2 Baths
1,414 Sq Ft
$127 Price per Sq Ft

Highlights

  • Fitness Center
  • Heated Pool
  • Lake View
  • Gated with Attendant
  • Senior Community
  • Clubhouse

About This Home

WOW! What a VALUE for the largest & newest unit in this vibrant 55+ community!This partially furnished condo stands out with peaceful pond and fountain views—unlike most units that face parking lots—and major updates including re-piping (uponor pex), new AC, newer water heater, new refrigerator, impact windows, carpet and a new roof.Enjoy the Florida lifestyle with resort-style amenities: pools, clubhouses, tennis courts, a scenic nature trail—and fees that cover internet, cable, water, sewer, trash, security & more.This is more than a condo—it’s a lifestyle. Not impacted by new condo laws!

Listing Agent

Sandra Alexander

One Sotheby's Int'l Realty Brokerage Phone: 772-501-1750 License #3264537 Listed on: 10/17/2024

One Sotheby's Int'l Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,296

Year Built

  • Built in 1998

Property Views

  • Lake Views
  • Views of Preserve

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,414 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Crown Molding
  • Ceiling Fan
  • Window Treatments

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Assigned Parking

Pool

  • Heated Pool
  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Rain Gutters
  • West Facing Home

Listing and Financial Details

  • Tax Lot 205
  • Assessor Parcel Number 33403000011001574020.5

Community Details

Overview

  • Senior Community
  • Association fees include common areas, cable TV, insurance, internet, maintenance structure, reserve fund, sewer, security, trash, water
  • Elliott Merrill Association
  • Grove Isle Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,296

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Sub Type: Attached
  • Prop. Type: Residential
  • Lot Size: na
  • Ownership: Condo
  • Subdivision Name: Grove Isle Condo
  • Directions: US 1 south past Oslo Rd, turn left into community. Guard will direct.
  • Architectural Style: Two Story
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Year Built: 1998
  • Property Sub Type Additional: Attached
  • Attribution Contact: 772-501-1750
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Partially
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Interior Amenities: Crown Molding, Split Bedrooms, Walk-In Closet(s)
  • Living Area: 1414.0
  • Stories: 2
  • Window Features: Single Hung, Window Treatments

Exterior Features

  • Lot Features: Other
  • Pool Features: Electric Heat, Heated, Pool, Community
  • View: Preserve, Lake
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Exterior Features: Rain Gutters
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 1.0
  • Parking Features: Assigned, Carport

Utilities

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

Condo/Co-op/Association

  • Community Features: Barbecue, Clubhouse, Fitness, Property Manager On-Site, Trails/Paths, Gutter(s), Pool
  • Senior Community: Yes
  • Association Fee: 565.0
  • Association Name: Elliott Merrill
  • Pets Allowed: Yes, Number Limit, Size Limit
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Internet, Maintenance Structure, Reserve Fund, Sewer, Security, Trash, Water

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33403000011001574020.5
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 1296.0
  • Tax Lot: 205
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $1,296 $131,846 -- --
2023 $1,296 $124,398 $0 $0
2022 $1,253 $120,775 $0 $0
2021 $1,236 $117,257 $0 $0
2020 $1,223 $115,638 $0 $0
2019 $1,214 $113,038 $0 $0
2018 $1,197 $110,930 $0 $110,930
2017 $1,214 $110,930 $0 $0
2016 $1,229 $110,930 $0 $0
2015 $953 $91,400 $0 $0
2014 $917 $90,680 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $179,900 -4.8% $127 / Sq Ft
04/15/2025 04/15/25 Price Changed $189,000 -4.5% $134 / Sq Ft
02/11/2025 02/11/25 Price Changed $198,000 -10.0% $140 / Sq Ft
01/27/2025 01/27/25 Price Changed $220,000 -4.3% $156 / Sq Ft
12/09/2024 12/09/24 Price Changed $229,900 -3.6% $163 / Sq Ft
10/25/2024 10/25/24 For Sale $238,500 +107.4% $169 / Sq Ft
08/07/2015 08/07/15 Sold $115,000 -3.8% $81 / Sq Ft
07/08/2015 07/08/15 Pending -- -- --
11/25/2014 11/25/14 For Sale $119,500 -- $85 / Sq Ft
Source: REALTORS® Association of Indian River County

Purchase History

Date Type Sale Price Title Company
Warranty Deed $115,000 Oceanside Title & Escrow
Warranty Deed $127,000 --
Deed $89,200 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $92,000 New Conventional
Previous Owner $114,000 Credit Line Revolving
Source: Public Records

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Source: REALTORS® Association of Indian River County

MLS Number: 282114

APN: 33-40-30-00011-0015-74020.5

Florida Indian River County Vero Beach 32962 Florida Ridge

740 Lake Orchid Cir Unit 205, Vero Beach, FL

This home is located at 740 Lake Orchid Cir Unit 205, Vero Beach, FL 32962 and is currently priced at $179,900, approximately $127 per square foot. This property was built in 1998. 740 Lake Orchid Cir Unit 205 is a home located in Indian River County with nearby schools including Indian River Academy, Oslo Middle School, and Vero Beach High School.

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Nearby Homes
Sandra Alexander
Listing Agent
Sandra Alexander
Section Image
One Sotheby's Int'l Realty
(772) 677-8570