NOT LISTED FOR SALE

856 Reef Rd Vero Beach, FL 32963

Estimated Value: $3,597,000 - $4,252,000

1.22 Acres
$3,249,522 Price per Acre
53,143 Sq Ft Lot

Last Sold November 06, 2020

Last sale price $2,750,000 $826 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $24,365/month

299 Days on Market

Highlights

  • Ocean Front
  • Beachland Elementary School Rated A-
  • 1.22 Acre Lot

About This Lot

As of November 2020

Last remaining oceanfront vacant lot in the Floralton Beach neighborhood. 1.22 acres with over 152-ft. oceanfrontage and wonderful depth provides flexibility with building plans. Located near deep-water dockage, The Moorings Yacht & Country Club & St. Edwards School, this is “Lifestyle Living” at its best! Envision yourself waking up each day to endless ocean views & wide sandy beaches!

Last Agent to Sell the Property

Erika Ross

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

Last Buyer's Agent

Chris Butler

Villa Realty Associates Inc License #3192054

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $39,279

Lot Details

  • 1.22 Acre Lot
  • Lot Dimensions are 150x355
  • Ocean Front

Property Views

  • Ocean Views

Utilities

  • Not Connected to Water Source
  • Not Connected to Sewer
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / F
  • Assessor Parcel Number 33402200001000600002.0

Community Details

Overview

  • Association fees include common areas
  • Floralton Beach Subdivision

Recreation

  • Property has ocean access
  • Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$39,279

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.22
  • Lot Size: 150x355
  • Road Surface Type: Paved
  • Subdivision Name: Floralton Beach
  • Directions: From 17th St. Bridge/Causeway, south on Hwy. A1A to Seagrape Drive. East on Seagrape to Reef Rd. Right on Reef Rd. to 856.
  • Attribution Contact: 772-231-5131
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: 1-3 Acres
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes

Utilities

  • Sewer: Not Connected
  • Utilities: Cable Available
  • Water Source: Not Connected, Public

Condo/Co-op/Association

  • Community Features: Curbs, Storm Drain(s)
  • Association Fee: 50.0
  • Association Name: Self Managed

Fee Information

  • Association Fee Includes: Common Areas, Other

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Current Use: Single Family
  • Lot Size Sq Ft: 53143.0
  • Number Of Lots: 1
  • Parcel #: 33402200001000600002.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 39279.0
  • Tax Block: F
  • Tax Lot: 2
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2023
Sold by
Park Haeley Kyong and Park Byong Kyu
Bought by
Bridam Brothers Llc
Current Estimated Value
$3,964,417

Purchase Details

Listed on
Dec 12, 2019
Closed on
Nov 6, 2020
Sold by
Lombardo Samuel N and Revocable Deed Of Tr Of Samuel
Bought by
Park Haeley Kyong and Park Byong Kyu
Seller's Agent
Erika Ross
The Moorings Realty Sales Co.
Buyer's Agent
Chris Butler
Villa Realty Associates Inc
List Price
$2,950,000
Sold Price
$2,750,000
Premium/Discount to List
-$200,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%

Purchase Details

Closed on
Jun 29, 2015
Sold by
Lombardo Samuel N and Lombardo Dena M
Bought by
Lombardo Samuel N and Lombardo Dena M

Purchase Details

Listed on
Oct 31, 2014
Closed on
Mar 27, 2015
Sold by
Broom Atlantic Llc
Bought by
Lombardo Samuel N and Lombardo Dena M
Seller's Agent
Erika Ross
The Moorings Realty Sales Co.
Buyer's Agent
Erika Ross
The Moorings Realty Sales Co.
List Price
$2,950,000
Sold Price
$2,700,000
Premium/Discount to List
-$250,000
-8.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%

Purchase Details

Closed on
Jun 16, 2007
Sold by
Murray Judith A
Bought by
Broom Atlantic Llc

Purchase Details

Closed on
Jul 20, 2005
Sold by
Murray Robert J
Bought by
Murray Judith A

Purchase Details

Closed on
Apr 15, 1996
Sold by
Caldwell William W and Caldwell Nancy H
Bought by
Murray Robert J and Murray Judith A
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
Bridam Brothers Llc -- None Listed On Document
Park Haeley Kyong $2,750,000 Attorney
Lombardo Samuel N -- Attorney
Lombardo Samuel N $2,700,000 Attorney
Broom Atlantic Llc $2,450,000 Oceanside Title & Escrow
Murray Judith A -- --
Murray Robert J $750,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2020 11/06/20 Sold $2,750,000 -6.8% $826 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
12/12/2019 12/12/19 For Sale $2,950,000 +9.3% $886 / Sq Ft
04/01/2015 04/01/15 Sold $2,700,000 -8.5% $811 / Sq Ft View Prior Sale
03/02/2015 03/02/15 Pending -- -- --
11/03/2014 11/03/14 For Sale $2,950,000 -- $886 / 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
2025 $43,617 $3,098,250 $3,098,250 --
2024 $40,027 $2,868,750 $2,868,750 --
2023 $40,027 $2,868,750 $2,868,750 $0
2022 $37,110 $2,639,250 $2,639,250 $0
2021 $37,157 $2,550,000 $2,550,000 $0
2020 $38,108 $2,575,500 $2,575,500 $0
2019 $39,279 $2,575,500 $2,575,500 $0
2018 $38,378 $2,575,500 $2,575,500 $0
2017 $34,455 $2,189,175 $0 $0
2016 $34,956 $2,189,180 $0 $0
2015 $31,756 $2,032,780 $0 $0
2014 $32,387 $2,330,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 228207

APN: 33-40-22-00001-0006-00002.0