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Vero Beach South Multifamily Home for Sale

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    $398,750

    1150 Old Dixie Hwy, Vero Beach, FL 32960

    House in front (3 units), Duplex in back (2 units). All units are currently occupied by stable tenants on month-to-month leases. Excellent income but property needs exterior repairs, although interiors are in better condition. Plumbing and electrical also need to be updated. Roofs are 2013, 2024.This property is CASH ONLY and sold AS-IS. Please do not disturb tenants. Interior viewing only

    Michael Staller LOKATION

    1150 Old Dixie Hwy, Vero Beach, FL 32960

Why Live in Vero Beach South

Vero Beach South, often referred to as South Vero, is a predominantly residential area located just south of downtown. Known for its historical charm, the neighborhood features homes primarily built between 1950 and 1980, with ranch and minimal traditional styles being common. Newer homes, inspired by Mediterranean or Spanish designs, have been emerging since the early 21st century. South Vero is home to the McKee Botanical Gardens, a popular attraction showcasing 18 acres of Floridian greenery and art installations. The area also includes South County Park, offering recreational facilities like playgrounds and sports courts. Shopping and dining are concentrated around Oslo Road and 8th Avenue, with Majestic Plaza being a key commercial hub. Local dining favorites include Wilke's 14 Bones BBQ and the Green Marlin Restaurant & Raw Bar. South Vero is served by the Indian River County School District, with Vero Beach High being highly rated. The neighborhood is car-dependent, with Route 1 being the main thoroughfare, and is 36 miles from Melbourne Orlando International Airport. While the crime rate is comparable to the national average, the area is prone to weather-related challenges such as flooding and hurricanes, necessitating flood insurance and hurricane-proofing for many homes.

Home Trends in Vero Beach South, FL

Housing Trends

Median Sale Price
$359,000
Median Single Family Sale Price
$390,000
Median Townhouse Sale Price
$197,500
Median 2 Bedroom Sale Price
$194,900
Median 1 Bedroom Sale Price
$117,000
Average Price Per Sq Ft
$219
Number of Homes for Sale
207
Last 12 months Home Sales
946
Months of Supply
2.60
Median List Price
$385,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-1%
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