NOT LISTED FOR SALE

776 Reef Rd Vero Beach, FL 32963

Estimated Value: $2,385,000 - $7,069,000

5 Beds
6.5 Baths
5,294 Sq Ft
$961/Sq Ft Est. Value

Last Sold April 20, 2016

Last sale price $3,950,000 $746 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $32,771/month

Highlights

  • Ocean Front
  • Tennis Courts
  • 56,192 Sq Ft lot
  • Beachland Elementary School Rated A-
  • In Ground Pool
  • Deck

About This Home

As of May 2023

Casually elegant oceanfront home sited on impressive 1.25+ acres w/150ft of pristine shoreline. Sumptuous grounds offer a spacious front yard w/tennis court & an expansive lush lawn in the rear w/plenty of rm to entertain or engage in outdoor activities - Truly A Must See! Nearly 5,300 sf, living rm w/a sea of glass doors leading to lanai & oceanfront pool. Sizes approx./subj. to error.

Last Agent to Rent the Property

Alberto Fernandez

LoKation License #3148696 Listed on: 03/08/2023

LoKation

Last Renter's Agent

Alberto Fernandez

LoKation License #3148696 Listed on: 03/08/2023

LoKation

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 1.29 Acre Lot
  • 153 Ft Wide Lot
  • Ocean Front
  • West Facing Home
  • Property is zoned RS-3

Parking

  • 3 Car Garage

Property Views

  • Direct Ocean
  • Tennis Court

Home Design

  • Flat Tile Roof

Interior Spaces

  • 5,294 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Bar
  • Paddle Fans
  • Fireplace
  • Formal Dining Room
  • Game Room
  • Sun or Florida Room
  • Clear Impact Glass

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Cooking Island

Flooring

  • Wood
  • Marble
  • Terrazzo

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Roman Tub

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Tennis Courts
  • Balcony
  • Deck
  • Porch

Schools

  • Beachland Elementary School
  • Vero Beach Junior High School
  • Vero Beach High School

Utilities

  • Central Air
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 3/8/23
  • 12 Months Lease Term
  • Assessor Parcel Number 33402200001000100003.0

Community Details

Overview

  • No Home Owners Association
  • Floralton Beach Sub No 1 Subdivision

Recreation

  • Community Spa

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Parking

3

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2023-03-08
  • Lease Term: 12 Months

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1954
  • Property Sub Type: Single Family Residence
  • Architectural Style: First Floor Entry, Ranch
  • Directions: South on Highway A1A from the 17th Street bridge. Left into Floralton Beach, Right on Reef Rd
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: FLORALTON BEACH SUB NO 1
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater
  • Interior Amenities: First Floor Entry, Bar, Cooking Island, Roman Tub, Florida Room, Game Room
  • Spa Yn: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble, Terrazzo, Wood
  • Furnished: Furnished
  • Living Area: 5294
  • Stories: 2
  • Window Features: Clear Impact Glass, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Living Room Features: Florida Room, Game Room

Exterior Features

  • Roof: Flat Tile
  • View: Direct Ocean, Tennis Court View
  • Exterior Features: Fruit Trees, Open Balcony, Outdoor Shower, Tennis Court(s)
  • Direction Faces: West
  • Patio And Porch Features: Deck, Open Balcony, Open Porch
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: FLORALTON BEACH SUB NO 1
  • Covered Parking Spaces: 3
  • Garage Spaces: 3

Utilities

  • Sewer: Sewer
  • Cooling: Central Air, Paddle Fans
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Amenities: Spa/Hot Tub
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 33402200001000100003.0
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 56192
  • Zoning: RS-3
  • ResoLotSizeUnits: SquareFeet

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2016
Closed on
Apr 20, 2016
Sold by
Grammen Robert P and Grammen Scheri D
Bought by
The Fernandez Family Trust and Fernandez Berta
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
List Price
$4,275,000
Sold Price
$3,950,000
Premium/Discount to List
-$325,000
-7.6%
Current Estimated Value
$5,090,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,140,082
Avg. Annual Appreciation
2.64%

Purchase Details

Listed on
Jan 13, 2014
Closed on
Sep 12, 2014
Sold by
Emporia Llc
Bought by
Grammen Robert P and Grammen Scheri D
Seller's Agent
Cindy O'Dare
One Sotheby's Int'l Realty
Buyer's Agent
NON-MLS AGENT
NON MLS
List Price
$3,995,000
Sold Price
$3,500,000
Premium/Discount to List
-$495,000
-12.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
Original Mortgage
$2,450,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 28, 2013
Closed on
Aug 30, 2013
Sold by
Mcconvey Katherine M
Bought by
Emporia Llc
Seller's Agent
Kay Brown
Premier Estate Properties
List Price
$3,500,000
Sold Price
$3,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Jan 5, 2004
Sold by
Busch Peter
Bought by
Mcconvey Katherine M

Purchase Details

Closed on
Dec 27, 2002
Sold by
Babcock Charles I and Babcock Mary H
Bought by
Busch Peter
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
The Fernandez Family Trust $3,950,000 Attorney
Grammen Robert P $3,500,000 Attorney
Emporia Llc $3,500,000 Attorney
Mcconvey Katherine M $2,750,000 --
Busch Peter $1,900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grammen Robert P $2,450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2023 05/01/23 Rented $25,000 +25.0% --
03/08/2023 03/08/23 For Rent $20,000 0.0% --
04/20/2016 04/20/16 Sold $3,950,000 -7.6% $746 / Sq Ft View Prior Sale
03/21/2016 03/21/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $4,275,000 +22.1% $808 / Sq Ft
09/12/2014 09/12/14 Sold $3,500,000 -12.4% $661 / Sq Ft View Prior Sale
08/13/2014 08/13/14 Pending -- -- --
01/13/2014 01/13/14 For Sale $3,995,000 +14.1% $755 / Sq Ft
08/28/2013 08/28/13 Sold $3,500,000 0.0% $661 / Sq Ft View Prior Sale
08/28/2013 08/28/13 For Sale $3,500,000 -- $661 / Sq Ft
Source: MIAMI REALTORS® MLS

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
2025 $73,842 $5,223,311 $3,498,596 $1,724,715
2024 $67,417 $4,878,082 $3,240,071 $1,638,011
2023 $67,417 $4,817,871 $0 $0
2022 $61,672 $4,379,883 $3,240,071 $1,139,812
2021 $58,306 $3,995,615 $3,110,808 $884,807
2020 $57,902 $3,959,209 $3,110,808 $848,401
2019 $53,610 $3,509,424 $2,652,000 $857,424
2018 $53,780 $3,472,631 $2,652,000 $820,631
2017 $50,231 $3,187,534 $0 $0
2016 $48,505 $3,080,970 $0 $0
2015 $50,262 $3,059,560 $0 $0
2014 $46,829 $2,852,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11353734

MIAMI REALTORS® MLS

APN: 33-40-22-00001-0001-00003.0