NOT LISTED FOR SALE

1616 Ocean Dr Unit 501 Vero Beach, FL 32963

Central Vero Beach Neighborhood

Estimated Value: $846,000 - $1,070,000

2 Beds
2 Baths
1,480 Sq Ft
6.14 Acres Lot

Sale Details

Date Sold: July 5, 2024

Last sale price $1,075,000 $726 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $6,303 / mo

103 Days on Market

Highlights

  • Ocean Front
  • Heated Pool
  • Bike Room
  • Beachland Elementary School Rated A-
  • Furnished
  • Balcony

About This Home

As of July 2024

PENTHOUSE PERFECT on the 5th floor with stunning ocean views of South Beach the most popular and widest beach in Vero. With three balconies you will enjoy east, north and west vistas ... sunrise and sunsets. This 2BDR/2BA open concept comes with luxury Thermadore appliances, hi hats ,quartz countertops, ample climate controlled in unit storage plus personal building storage. Relax in this beachfront contemporary setting with comfort in mind. You are only steps away from wonderful restaurants in the neighborhood and minutes to downtown island shopping.

Last Agent to Sell the Property

Susan Schirmer

Rardin Real Estate LLC Brokerage Phone: 772-538-1111 License #3055631 Listed on: 03/23/2024

Rardin Real Estate LLC

Last Buyer's Agent

Susan Schirmer

Rardin Real Estate LLC Brokerage Phone: 772-538-1111 License #3055631 Listed on: 03/23/2024

Rardin Real Estate LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,695

Year Built

  • Built in 1982

Lot Details

  • Ocean Front
  • West Facing Home

Parking

  • 1 Car Garage
  • Uncovered Parking
  • Assigned Parking

Home Design

  • Stucco

Interior Spaces

  • 1,480 Sq Ft Home
  • Furnished
  • Blinds
  • Sliding Doors
  • Laminate Flooring
  • Ocean Views
  • Closed Circuit Camera

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Heated Pool
  • Property has ocean access
  • Beach Access
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334005000025161600501.0

Community Details

Overview

  • Association fees include common areas, HVAC, insurance, ground maintenance, maintenance structure, parking, sewer, security, trash, water
  • Elliott Merrill Association
  • Sea Cove Subdivision
  • 5-Story Property

Amenities

  • Trash Chute
  • Bike Room
  • Community Storage Space
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets
  • Breed Restrictions

Security

  • Card or Code Access
  • Phone Entry
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,695

Year Built

Built in 1982

Lot Details

6.14 Acres

Parking

1

Listing Details

  • Property Sub Type: Attached
  • Prop. Type: Residential
  • Lot Size: 0
  • Ownership: Condo
  • Subdivision Name: Sea Cove
  • Directions: 17 Street Causeway east to Ocean Drive, turn right at Stop sign to 2nd building on the left 1616 Ocean Dr. - Sea Cove
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 5
  • Year Built: 1982
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached
  • Attribution Contact: 772-538-1111
  • Special Features: VirtualTour
  • Stories: 5

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Elevator
  • Living Area: 1480.0
  • Stories: 5
  • Window Features: Blinds, Window Treatments
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: Electric Heat, Heated, Pool, Community
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Beach Access
  • Waterfront: Yes
  • Disclosures: No Smoking
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Exterior Features: Balcony
  • Roof: Other

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Assigned, Garage, Uncovered

Utilities

  • Laundry Features: In Unit
  • Security: Closed Circuit Camera(s), Fire Sprinkler System, Key Card Entry, Phone Entry
  • Green Building Features: Reception Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Bicycle Storage, Elevator, Storage Facilities, Trash Chute, Pool
  • Association Fee: 960.2
  • Association Name: Elliott Merrill
  • Pets Allowed: Yes, Breed Restrictions, Number Limit
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, HVAC, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 334005000025161600501.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7695.0
  • Tax Lot: 0
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2024
Closed on
Aug 27, 2024
Sold by
Bought by
Seller's Agent
Susan Schirmer
Rardin Real Estate LLC
Buyer's Agent
Susan Schirmer
Rardin Real Estate LLC
List Price
$1,095,000
Sold Price
$1,075,000
Premium/Discount to List
-$20,000
-1.83%
Views
15
Current Estimated Value
$957,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$117,488
Avg. Annual Appreciation
-5.76%

Purchase Details

Listed on
Mar 23, 2024
Closed on
Jul 2, 2024
Sold by
Bought by
Seller's Agent
Susan Schirmer
Rardin Real Estate LLC
Buyer's Agent
Susan Schirmer
Rardin Real Estate LLC
List Price
$1,095,000
Sold Price
$1,075,000
Premium/Discount to List
-$20,000
-1.83%
Views
15

Purchase Details

Closed on
Mar 4, 2021
Sold by
Bought by

Purchase Details

Listed on
Feb 8, 2019
Closed on
Apr 5, 2019
Sold by
Bought by
Seller's Agent
Kristin Casalino
Dale Sorensen Real Estate Inc.
Buyer's Agent
Pam Pendleton
Atlantic Shores Properties Inc
List Price
$685,000
Sold Price
$687,000
Premium/Discount to List
$2,000
0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%
Original Mortgage
$512,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2013
Closed on
Apr 11, 2013
Sold by
Bought by
Seller's Agent
Phyllis Horner
Tropic Shores Real Estate LLC
Buyer's Agent
Beverly Lombardo
Tropic Shores Real Estate LLC
List Price
$449,000
Sold Price
$400,000
Premium/Discount to List
-$49,000
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.45%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,075,000 Investors Title Insurance Agen
-- None Available
-- None Listed On Document
$687,000 Attorney
$350,000 Oceanside Title & Escrow
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $512,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/05/2024 07/05/24 Sold $1,075,000 -1.8% $726 / Sq Ft
03/23/2024 03/23/24 For Sale $1,095,000 +59.4% $740 / Sq Ft
04/05/2019 04/05/19 Sold $687,000 +0.3% $464 / Sq Ft View Prior Sale
03/06/2019 03/06/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $685,000 +71.3% $463 / Sq Ft
04/11/2013 04/11/13 Sold $400,000 -10.9% $270 / Sq Ft View Prior Sale
03/12/2013 03/12/13 Pending -- -- --
01/10/2013 01/10/13 For Sale $449,000 -- $303 / Sq Ft
Source: REALTORS® Association of Indian River County

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,395 $879,647 -- $879,647
2024 $7,698 $879,647 -- $879,647
2023 $7,698 $528,506 $0 $0
2022 $7,474 $513,113 $0 $0
2021 $7,378 $498,168 $0 $498,168
2020 $8,119 $498,168 $0 $498,168
2019 $7,709 $488,400 $0 $488,400
2018 $7,449 $488,400 $0 $488,400
2017 $7,033 $464,100 $0 $0
2016 $5,819 $331,500 $0 $0
2015 $6,002 $331,500 $0 $0
2014 $5,284 $301,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Susan Schirmer

    Rardin Real Estate LLC

    (772) 778-2029

    4 in this area

    4 Total Sales

    Susan Schirmer
    Section Image

  • K

    Seller's Agent in 2019

    Kristin Casalino

    Dale Sorensen Real Estate Inc.

    (772) 633-0007

    72 in this area

    171 Total Sales

    Kristin Casalino
    Section Image

  • P

    Buyer's Agent in 2019

    Pam Pendleton

    Atlantic Shores Properties Inc

    (772) 217-1054

    7 in this area

    13 Total Sales

    Pam Pendleton
    Section Image
  • Phyllis Horner

    Seller's Agent in 2013

    Phyllis Horner

    Tropic Shores Real Estate LLC

    (772) 257-5774

    12 in this area

    76 Total Sales

    Phyllis Horner
    Section Image
  • Beverly Lombardo

    Buyer's Agent in 2013

    Beverly Lombardo

    Tropic Shores Real Estate LLC

    (772) 713-3301

    4 in this area

    18 Total Sales

    Beverly Lombardo
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 276655

APN: 33-40-05-00025-1616-00501.0

Florida Indian River County Vero Beach 32963 Central Vero Beach

1616 Ocean Dr Unit 501, Vero Beach, FL

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