For sale

$599,000

1016 48TH Terrace, Vero Beach, FL 32966

3beds

2,023sqft

$3,871/mo

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Single Family Residence

Built in 1978

0.83 Acres Lot

$-- Zestimate^®

$296/sqft

$-- HOA

What's special

Stunning screened courtyardSparkling poolSeamless indoor-outdoor spaces

Back on the market after a whole house re-pipe! Tucked away on nearly an acre in the heart of town this one of a kind courtyard pool home offers the perfect blend of privacy, character & convenience. Centered around a stunning screened courtyard w/ a sparkling pool, the home embraces FL living at its finest w/ seamless indoor-outdoor spaces for maximum year-round enjoyment. The picturesque lake creates a peaceful backdrop & the expansive property provides room to roam. 2019 roof. 2024 AC. Minutes from shopping, dining and beaches. Full of warmth & charm- this home is anything but ordinary. 3 Beds plus an office, 2 Baths, 2 car Garage.

13 hours
126
13

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

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

Primary bedroom

Level: First
Area: 210
Dimensions: 15 X 14

Bedroom 2

Level: First
Area: 156
Dimensions: 12 X 13

Bedroom 3

Level: First
Area: 132
Dimensions: 11 X 12

Den

Level: First
Area: 99
Dimensions: 11 X 9

Dining room

Level: First
Area: 121
Dimensions: 11 X 11

Family room

Level: First
Area: 225
Dimensions: 15 X 15

Foyer

Level: First
Area: 88
Dimensions: 8 X 11

Kitchen

Level: First
Area: 143
Dimensions: 11 X 13

Living room

Level: First
Area: 270
Dimensions: 18 X 15

Heating

Central, Electric

Cooling

Central Air, Ceiling Fan(s), Electric

Appliances

Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Water Heater, Washer
Laundry: In Garage, Laundry Tub, Sink

Features

Attic, Built-in Features, Kitchen Island, Living/Dining Room, Other, Pull Down Attic Stairs, Walk-In Closet(s)
Flooring: Carpet, Laminate, Tile
Doors: French Doors
Attic: Pull Down Stairs
Has fireplace: No

Interior area

Total structure area: 3,251
Total interior livable area: 2,023 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 8
Parking features: Attached, Circular Driveway, Concrete, Driveway, Garage, Garage Door Opener
Attached garage spaces: 2
Uncovered spaces: 6

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Entry location: 1
Patio & porch: Covered, Patio, Porch, Screened
Exterior features: Courtyard, Outdoor Living Area, Porch
Has private pool: Yes
Pool features: Free Form, In Ground, Other, Private, Screen Enclosure
Has spa: Yes
Spa features: Above Ground, Heated
Fencing: None
Has view: Yes
View description: Lake, Pond, Pool, Water
Has water view: Yes
Water view: Lake,Pond,Water
Waterfront features: Lake Front, Pond

Lot

Size: 0.83 Acres
Dimensions: 231 x 156
Features: Cul-De-Sac, None, Oversized Lot

Details

Additional structures: Shed(s)
Parcel number: 333909000120000000040
Zoning: RS-3
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Frame
Foundation: Slab
Roof: Metal

Condition

Resale
New construction: No
Year built: 1978

Utilities & green energy

Sewer: Septic Tank
Water: Public
Utilities for property: Electricity Connected, Underground Utilities, Water Connected

Community & HOA

Community

Subdivision: BANYAN ACRES

HOA

Has HOA: No

Location

Region: Vero Beach

Financial & listing details

Price per square foot: $296/sqft
Tax assessed value: $419,212
Annual tax amount: $5,561
Date on market: 8/31/2026
Cumulative days on market: 21 days
Listing terms: Cash,Conventional,FHA
Electric utility on property: Yes
Road surface type: Other

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/20/2026	Listed for sale	$599,000$296/sqft
Source: Realtor Association of Indian River County #298534 Report a problem
8/8/2026	Listing removed	$599,000$296/sqft
Source: BeachesMLS #B26055571 Report a problem
7/27/2026	Price change	$599,000-4.2%$296/sqft
Source: Realtor Association of Indian River County #298534 Report a problem
7/23/2026	Listed for sale	$625,000+28.9%$309/sqft
Source: Realtor Association of Indian River County #298534 Report a problem
5/31/2023	Sold	$485,000$240/sqft
Source: Public Record Report a problem
4/26/2023	Pending sale	$485,000$240/sqft
Source: Owner Report a problem
3/22/2023	Listed for sale	$485,000$240/sqft
Source: Owner Report a problem
3/13/2023	Pending sale	$485,000$240/sqft
Source: Owner Report a problem
3/11/2023	Listed for sale	$485,000+106.4%$240/sqft
Source: Owner Report a problem
8/14/2014	Sold	$235,000$116/sqft
Source: Realtor Association of Indian River County #147323 Report a problem
6/20/2014	Listed for sale	$235,000$116/sqft
Source: RE/MAX Associated Realty #147323 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,561 +7%	$407,002 +2.9%
2024	$5,195 -10.4%	$395,532 -12.1%
2023	$5,798 +9.8%	$450,182 +11.9%
2022	$5,282 +14.8%	$402,295 +31.6%
2021	$4,600 +3.1%	$305,805 +4.5%
2020	$4,463	$292,568 +1.3%
2019	$4,463 +1.1%	$288,829 +9.4%
2018	$4,413 +17%	$264,061 +10.7%
2017	$3,772	$238,598 +7.9%
2016	$3,772 +7.6%	$221,170 +17.9%
2015	$3,507 +8.6%	$187,660 +17.3%
2014	$3,230	$160,040 +1.5%
2013	--	$157,680 -0.8%
2012	$1,971 -1.9%	$158,990 -1.6%
2011	$2,009 -2.2%	$161,520 +1.5%
2010	$2,055 +8.2%	$159,140 +2.7%
2009	$1,899 +5.3%	$154,960 +0.1%
2008	$1,804 -8.4%	$154,810 -43%
2007	$1,970	$271,720 -12.4%
2006	--	$310,100 +81.5%
2005	--	$170,810
2004	--	$170,810 +5.3%
2003	--	$162,270 +11.9%
2002	$2,081 +1.3%	$145,060 +3.2%
2001	$2,054 +0.2%	$140,510 +10.7%
2000	$2,049	$126,970