Updated Dec 19, 2023
Dale Sorensen Real Estate Inc Sells 1.5 Acre Single Family Property In Vero Beach For $20M
500 Bay Drive, Vero Beach, Florida 32963, United States
$20,000,000
$2,222/SF
Building Size
9,000 SF
Asset Type
Single Family Residence
Closing
May 25, 2022
About this deal
AI
A single-family property located at 500 Bay Dr in Vero Beach has been sold for $20,000,000. The property sits on a spacious 1.5-acre lot and offers approximately 9,000 square feet of living space. The sale price of $20,000,000 translates to an approximate price per square foot of $2,222.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $20,000,000
- Address: 500 Bay Dr, Vero Beach
- Market: Vero Beach
- Asset Type: Single Family
- Acres: 1.5
Cathy Curley, from Dale Sorensen Real Estate Inc, was the broker involved in the transaction.
Vero Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93