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716 Reef Road, Vero Beach, FL, 32963

5beds
5baths
7,687sqft
$9,900,000
$1,288price/sqft
$81,144/moest. monthly cost
$3,245,760/yrincome needed

About This Home

The ocean does all the talking here !! Come and experience this extraordinary opportunity to own a rare, direct oceanfront estate where timeless architecture meets unobstructed coastal views. The home offers panoramic ocean views from both upstairs and downstairs. The home has been thoughtfully designed with expansive living spaces, walls of glass, and refined finishes which captures the essence of luxury living by the sea. With sweeping views, immediate beach access, and a setting that cannot be replicated, the property is ideal for those seeking a private coastal home in an unparalleled location. The home was built in 2011, with approximately 7,000 square feet of living space. The existing roof was fully replaced with a new metal roof in February 2026.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

7/10
7/10
Gifford Middle SchoolGrades 6-87.9 mi
5/10
Vero Beach High SchoolGrades 9-125.3 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2011

Materials

  • Foundation: Block,Concrete Perimeter
  • Roof: Metal
  • Construction materials: Block,Concrete

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Cooktop,Dryer,Dishwasher,Electric Range,Electric Water Heater,Freezer,Disposal,Ice Maker,Microwave,Range,Refrigerator,Water Heater,Washer
  • Laundry features: Washer Hookup,Electric Dryer Hookup,Inside,Laundry Room,Washer Dryer Install Allowed

Bedroom2

  • Level: Main
  • Area: 600
  • Dimensions: 25 X 24

Bedroom3

  • Level: Main
  • Area: 390
  • Dimensions: 30 X 13

Bedroom4

  • Level: Main
  • Area: 231
  • Dimensions: 11 X 21

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 360
  • Dimensions: 15 X 24

Features

  • Built-in Features,Bathtub,Closet Cabinetry,Cathedral Ceiling(s),Dual Sinks,Entrance Foyer,Eat-in Kitchen,Elevator,Garden Tub/Roman Tub,High Ceilings,Kitchen Island,Living/Dining Room,Storage,Soaking Tub,Separate Shower,Upper Level Primary,Vaulted Ceiling(s),Walk-In Closet(s)
  • Door features: French Doors
  • Window features: Double Pane Windows,Drapes
  • Flooring: Marble,Wood
  • Fireplace features: Gas
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central,Electric,None
  • Cooling features: Central Air,Ceiling Fan(s),Zoned

Interior Area

  • Total structure area: 9,765
  • Total interior livable area: 7,687 sqft

Kitchen

  • Level: Main
  • Area: 572
  • Dimensions: 26 X 22

Living Room

  • Level: Main
  • Area: 999
  • Dimensions: 27 X 37

Living Room

  • Level: Main
  • Area: 864
  • Dimensions: 27 X 32

Master Bedroom

  • Level: Second
  • Area: 572
  • Dimensions: 22 X 26

Other

  • Level: Second
  • Area: 1120
  • Dimensions: 28 X 40

Property

Details

  • Parcel number: 334022000010001000010
  • Zoning: RS-3
  • Special condition: Standard
  • Other equipment: Other

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: Heated,Infinity,In Ground,Lap,Private
  • Patio & porch: Covered,Deck,Patio
  • Exterior features: Garden,Lighting,Outdoor Living Area
  • Fencing: None
  • Has view: Yes
  • View description: Ocean,Pool,Water
  • Has water view: Yes
  • Water view: Ocean,Water
  • On waterfront: Yes
  • Waterfront features: Ocean Access,Ocean Front
  • Frontage type: Waterfront
  • Frontage length: 164.00,164.00

Lot

  • Lot size: 1.75 Acres
  • Features: 1-2 Acres,Oversized Lot,Many Trees

Parking

  • Total spaces: 10
  • Parking features: Attached,Driveway,Garage,Garage Door Opener,Open,Paver Block
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

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
    HurricaneVery High
  • Coastal Flooding
    Coastal FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Coastal Flooding
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters in Indian River County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $50,059$600,708
Home Insurance *$18,929$227,148
Property Taxes $11,383$136,596
Electricity $773$9,283
Total$81,144$973,728
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,782,080/yr
40% on housing$2,434,320/yr
45% on housing$2,163,840/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,288This listing

vs Other Active Listings

Avg $/sqft

ZIP 32963$1,005
Indian River County$313

vs Homes Sold Last Month

Median $/sqft

ZIP 32963$471
Indian River County$239

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

DateEventPrice
2026-04-20Listed for sale$9,900,000
2021-04-29Sold$6,800,000
2021-03-19Contingent$6,800,000
2021-03-19Price change$6,800,000
2020-05-20Price change$6,500,000
2018-05-22Listed for sale$5,900,000
1997-11-04Sold$585,000

For Sale by Agent

AgentLisa M Reed
BrokerageEngel & Volkers Clermont

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