, VERO BEACH, FL, 32963
Active503 days on marketListed Mar 5, 2025MLS #R11068467
About this home
On the largest lot in prestigious Riomar Bay, this 1.66-acre riverfront parcel is a one-of-a-kind opportunity to create a custom waterfront estate. With over 462 feet of prime river frontage & breathtaking southern exposure w/ long water views, this exceptional property is ready for a new vision. For those seeking a truly unparalleled legacy estate, combine this lot w/ the adjacent parcel at 512 River Drive to create a 2.18-acre compound w/ an incredible 594± feet of river frontage, a rare offering. Golf cart/walk to town, restaurants, beaches, farmer's market, and Quail Valley River Club.
Facts & features
The home at a glance
1.66 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$85,398 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$85,398/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Riomar Bay
Get to know Vero Beach. See the full Vero Beach guide →
Riomar Bay — neighborhood snapshot
Population
64
Median age
64
Median income
$142,969
Median home value
$1,110,500
Avg household
2
Households w/ children
2%
For the school run
Indian River County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Vero Beach market
$330K → $412K
Vero Beach median sold, yr/yr
98.0%
Sale-to-list ratio (12 mo)
Median sold price, Vero Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 1191% above the VERO BEACH 32963 median. See the full Vero Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jan ’26$4,750,000
Nearby listing · same community
3 bd · 3.5 ba · 3,423 sqft · $1,388/sqft · 23 DOM
Sold · Apr ’26$8,100,000
Nearby listing · same community
5 bd · 4.5 ba · 6,258 sqft · $1,294/sqft · 124 DOM
Sold · Feb ’26$125,000
2800 Indian River Boulevard # L2, Vero Beach FL 32960
1 bd · 1 ba · 695 sqft · $180/sqft · 550 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Kat Bonelli
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Kat's phone and CRM.
Straight answers
FAQs
What would the monthly payment be for ?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $85,398/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on ?+
The most recent tax bill on record (2024) was $129,510. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Vero Beach?+
At $12,900,000, this home is listed about 3751% above the Vero Beach median of $335,000. The market section on this page shows how the area is trending.
Which schools are assigned to ?+
Beachland Elementary School (elementary), Vero Beach High School (high), Gifford Middle School (middle) — Indian River County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$12,900,000 runs 1191% above the VERO BEACH 32963 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
503 days on market against a Vero Beach median of 30 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Beachland Elementary School, Vero Beach High School, Gifford Middle School — Beachland Elementary School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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