For SaleRisky Deal1 days on market
615 Riomar Dr
615 Riomar Dr, Vero Beach, FL 32963, Vero Beach, FL 32963
$2,475,000
Estimate®:$2,307,500
Listing Price
615 Riomar Dr, Vero Beach, FL 32963
Loc: Vero Beach, FL
Days Listed
1
Tax Assessed
$2133k
Estimate®
$2308k
Market Rate
Lot Size
0.37 acres
Rent Estimate
$7,234/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Beachland Elementary School
PK-5
0.8 mi away
7
Gifford Middle School
6-8
3.8 mi away
5
Vero Beach High School
9-12
2.8 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylecovered front porchstucco exteriorcolumned entrywaybrick walkwaymanicured landscapingfrench doorsshutterscoastalsingle-storyoutdoor seating areatropical landscapingspacious veranda
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
1.26%
Total ROI
-13.9%
Cash Flow
$-10,252/mo
DSCR
0.20
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-10,252/mo net cash flow with a 1.3% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Vero Beach, FL
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $2,475,000 | $793 |
| 2026-08-25 | Listing removed | $2,475,000 | $793 |
| 2026-05-24 | Price change | $2,475,000 | $793 |
| 2026-03-13 | Price change | $2,655,000 | $850 |
| 2025-12-05 | Price change | $2,755,000 | $882 |
| 2025-09-21 | Listed for sale | $2,995,000 | $959 |
| 2021-11-03 | Sold | $2,250,000 | $720 |
| 2021-07-08 | Listing removed | $0 | – |
| 2021-06-01 | Listed for sale | $2,550,000 | $817 |
| 2016-02-17 | Sold | $1,030,000 | $330 |
| 2016-01-21 | Listed for sale | $1,030,000 | $330 |
| 2011-04-01 | Sold | $705,000 | $226 |
| 2005-06-14 | Sold | $1,050,000 | $336 |
| 1997-07-02 | Sold | $440,000 | $141 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $34,196.25 | $2,133,083 |
| 2024 | $31,911.44 | $2,054,585 |
| 2023 | $30,530.19 | $1,994,743 |
| 2022 | $30,251.18 | $1,972,727 |
| 2021 | $12,029.43 | $789,362 |
| 2020 | $12,842.02 | $789,366 |
| 2019 | $12,842.02 | $796,009 |
| 2018 | $13,306.63 | $757,205 |
| 2017 | $12,902.23 | $746,429 |
| 2016 | $12,902.23 | $469,950 |
| 2015 | $7,561.9 | $466,690 |
| 2014 | $7,749.48 | $462,990 |
| 2013 | $0 | $459,020 |
| 2012 | $8,067 | $505,550 |
| 2011 | $9,412 | $546,710 |
| 2010 | $9,841 | $573,310 |
| 2009 | $12,333 | $749,750 |
| 2008 | $13,004 | $829,040 |
| 2007 | $13,420 | $822,940 |
| 2006 | $0 | $900,780 |
| 2005 | $0 | $830,870 |
| 2004 | $0 | $830,870 |
| 2003 | $0 | $573,010 |
| 2002 | $7,034.56 | $529,520 |
| 2001 | $7,001.1 | $473,290 |
| 2000 | $7,023.42 | $372,580 |
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