1505 Coral Ave, Vero Beach, FL, 32963
About This Home
///Seller Financing/// Prime opportunity with a motivated seller! Excellent investment in the prestigious city of Vero Beach. Concrete block duplex on a valuable corner lot zoned Multi-Family (2–9 units) with 3,299 A/C SF and steps from the beach. Aluminum roof for added durability and low maintenance. Each unit features its own private patio, offering added outdoor living space and privacy. Unit 1 offers a spacious 3BD/2BA + den. Unit 2 is smartly divided into two 3BD/2BA units, each with a private enclosed patio. Strong rental demand and flexible income configuration in a high-end coastal market. Minutes to Disney’s Vero Beach Resort, Costa d’Este Beach Resort, and Orchid Island Golf & Beach Club. Conveniently located 2 hours from Miami, 1 hour from West Palm Beach, and Orlando. Ideal for investors seeking long-term appreciation, a high rental income, or future development flexibility.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1976
Materials
- Roof: Aluminum
- Construction materials: CBS Construction
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 4
Features
- Window features: Complete Accordian Shutters
- Flooring: Tile
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air
Interior Area
- Total structure area: 3,099
- Total interior livable area: 3,099 sqft
Property
Details
- Parcel number: 33400500012007000007.0
- Zoning: R-1A
Features
- Stories: 1
Lot
- Features: Less Than 1/4 Acre Lot
Parking
- Total spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Coastal Flooding
- Lightning
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Indian River County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $12,085 | $145,020 |
| Home Insurance * | $4,569 | $54,828 |
| Property Taxes | $3,236 | $38,832 |
| Electricity | $311 | $3,742 |
| Total | $20,201 | $242,412 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-08 | Price change | $2,390,000 |
| 2026-06-30 | Price change | $2,690,000 |
| 2026-04-14 | Listed for sale | $2,997,900 |
| 2026-04-14 | Listing removed | $2,997,000 |
| 2026-02-26 | Price change | $2,997,000 |
| 2026-01-14 | Listed for sale | $3,425,000 |
| 2025-12-19 | Listing removed | $3,390,000 |
| 2025-11-14 | Listed for sale | $3,390,000 |
| 2025-11-14 | Listing removed | $3,390,000 |
| 2025-09-11 | Listed for sale | $3,390,000 |
| 2022-04-27 | Sold | $1,200,000 |
| 2020-06-26 | Listing removed | $2,500 |
| 2020-06-20 | Listed for rent | $2,500 |
| 2020-05-29 | Sold | $529,500 |
| 2020-04-26 | Listed for sale | $589,000 |
| 1997-09-18 | Sold | $169,000 |
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