Check Availability
Gifford 32967
5115 Indian River Boulevard
$630,000 - $770,000
Land - In Contract

5115 Indian River Boulevard

Vero Beach, FL 32967
bedrooms
Studio
bathrooms
0 Bath
Sold Sep 21, 2012
Transfer
$6,500,000 by Standard Insurance Co
Mortgage Due Sep 21, 2042
Sold Apr 11, 2006
$2,500,000

About This Property

+/-2 Acre Outparcel Restaurant/Retail Development Opportunity

Over $100k in Impact Fee Credits Available

Off-site Storm Water Retention & Infrastructure

Utility Infrastructure in place

Cross Access, Ingress/Egress, Utility & Stormwater Easements.

Excellent Visibility - Easy Access - Ample Parking
Unit Size
-
Days on Market
-
Land Size
1.90 acres
Price per sqft
-
Property Type
Land
Property Taxes
$223
HOA Dues
-
Year Built
2009

Listed By

Keith D Kite
Coldwell Banker Paradise

Price History

Date / Event Date Event Price
May 10, 2024 In contract -
In contract
May 1, 2024 In contract -
In contract
Dec 15, 2023 Price Increased $700,000
↑ $105K (17.7%)
Price Increased
Dec 15, 2023 Relisted $595,000
Relisted
May 31, 2023 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 199
  • Partial Bathrooms: 199
  • Bathroom Plumbing Fixtures: 595
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 3
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 137,214
  • Lot Size Frontage Feet: 1,372,140
  • Total Building Area: 52,602
  • Gross Building Area: 52,602
  • Building Area: 52,602
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 50,487
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: NULL
  • Land Acres: 3.15
  • Standard Land Use Code: Hotel
  • Legal Description 1: S 1/2 OF S 1/2 OF NE 1/4 OF NW 1/4, LESSFOLL DESC PARC: COM AT NE COR OF SEC 23, TH N 89 DEG 56 MIN 17 SEC W ALONG N LINESEC 23, 2662.76 FT TO 1/4 SEC LINE, THS 00 DEG 01 MIN 24 SEC W ALONG 1/4 SEC LINE 995.01 FT TO POB: TH CONT S 00 DEG01 MIN 24 SEC

Ownership

  • Current Owner : VERO NORTH OP LLC
  • Previous Owner : VERO NORTH LLC
  • Owner Before Previous Owner: VERO BEACH CAPITAL LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050305

Zoning

  • Zoning: CL

Geography

  • Parcel: 32-39-23-00000-3000-00002.1
  • Meridian: SEC 23 TWN 32S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6862
  • Longitude: -80.4087

    Address

  • Full Address: 5115 Indian River Blvd
  • Address - House Number: 5115
  • Address - Street Name: Indian River
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 7274
  • Zip Code: 32967

Valuation

    Tax

  • Total Area: 51,122
  • Tax Year: 2022
  • Tax Amount: $46,049
  • Tax Rate Code Area: 7

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $6,500,000
  • First Open Lien Mortgage Lender: STANDARD INSURANCE CO
  • First Open Lien Mortgage Recording Date: Sep 21, 2012
  • First Open Lien Mortgage Loan Amount: $6,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Sep 21, 2042

    Market Valuation

  • Market Total Value: $3,119,677
  • Market Land Value: $349,896
  • Market Improvement Value: $2,769,781

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,119,677
  • Assessed Land Value: $349,896
  • Assessed Improvements Value: $2,769,781

    Sales

  • Current Sale Contract Date: Sep 18, 2012
  • Current Sale Recording Date: Sep 21, 2012
  • Current Sale Transaction ID: 11463785163
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2239211
  • Previous Sale Recording Date: Apr 11, 2006
  • Previous Sale Contract Date: Apr 04, 2006
  • Previous Sale Amount: $2,500,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STANDARD INSURANCE CO
  • First Mortgage Transaction Date: Sep 21, 2012
  • First Mortgage Loan Amount: $6,500,000
  • First Mortgage Loan Type: Commercial

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
4 Baths
-
$687,000 Jan 19, 2023
$687,000 May 5, 2023
$533/mo
Condo
4 Beds
3 Baths
-
$700,000 Oct 12, 2012
$700,000 Nov 26, 2012
$4,474/mo
House
4 Beds
3 Baths
-
$640,000 Jan 10, 2024
$640,000 Mar 25, 2024
$950/mo
House
3 Beds
2 Baths
2,018 ft²
$311/ft²
$628,018 Mar 19, 2024
$628,018 May 10, 2024
$927/mo
House
3 Beds
3 Baths
-
$620,000 Oct 2, 2020
$620,000 Dec 15, 2020
$891/mo
House
4 Beds
3 Baths
-
$600,000 Nov 16, 2023
$600,000 Feb 29, 2024
$887/mo
Land
Loft
-
-
$700,000 Apr 9, 2020
-
-
House
3 Beds
3.5 Baths
2,207 ft²
$329/ft²
$725,000 Mar 30, 2024
-
$940/mo
House
4 Beds
4 Baths
2,930 ft²
$247/ft²
$725,000 Apr 18, 2024
-
$1,274/mo
Townhouse
3 Beds
3 Baths
2,378 ft²
$306/ft²
$726,900 Aug 16, 2023
-
$591/mo
House
3 Beds
3 Baths
-
$726,900 May 5, 2024
-
$1,652/mo
Townhouse
3 Beds
2.5 Baths
2,284 ft²
$322/ft²
$735,000 May 2, 2024
-
$1,019/mo

About Gifford


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Nearby Rentals



Frequently Asked Questions

When was property at 5115 Indian River Boulevard built and last sold?
The property at 5115 Indian River Boulevard was built in 2009 and last sold on Sep 18, 2012 for $0.
How much is this home worth?
The estimated value of the home located at 5115 Indian River Boulevard is $595,900.
What are some comparable homes to 5115 Indian River Boulevard?
Homes that are comparable to 5115 Indian River Boulevard include a house property at 2198 Falls Circle, 2005 Bridgepointe Circle, 5231 West Harbor Village Drive.

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