A truly unique offering, 229 Binnacle presents an exceptional opportunity to acquire a developable riverfront property with nearly 240 feet of river frontage—a combination rarely available in the Moorings and the greater Vero Beach market. The expansive double lot and extraordinary frontage offer flexibility for a custom waterfront residence or residences, with potential for multiple structures, subject to applicable zoning and approvals. The well-maintained 4,418 SF existing home may be enjoyed as-is or removed to fully capitalize on the site’s unique characteristics. Dimensions approximate.
Sold for $5,525,000
$5,525,000
229 Binnacle Point, Vero Beach, FL 32963
3beds
4,418sqft
Single Family Residence
Built in 1983
0.86 Acres Lot
$5,525,800 Zestimate®
$1,251/sqft
$7,850 Estimated rent
Home value
$5,525,800
$5.19M - $5.86M
$7,850/mo
Zestimate® history
Owner options
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$7,850/mo
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$36,363/mo
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List your homeWhat's special
Expansive double lot
Zillow last checked:
Listing updated:
Listed by:
Collier Proctor 772-231-5131,
The Moorings Realty Sales Co.
Bought with:
Collier Proctor, 3348359
The Moorings Realty Sales Co.
Source: Realtor Association of Indian River County,MLS#: 295351
Originating MLS: Indian River
Originating MLS: Indian RiverFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Bedroom
- Dimensions: 20x17
Bedroom
- Dimensions: 20x11
Bedroom
- Dimensions: 15x12
Breakfast room nook
- Dimensions: 16x8
Den
- Dimensions: 15x12
Dining room
- Dimensions: 15x12
Foyer
- Dimensions: 22x6
Kitchen
- Dimensions: 17x12
Living room
- Dimensions: 27x20
Patio
- Dimensions: 60x32
Porch
- Dimensions: 37x19
Porch
- Dimensions: 21x10
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
- Laundry: Lower Level, In Unit
Features
- Wet Bar, Crown Molding, High Ceilings, Kitchen Island, Pantry, Split Bedrooms, French Door(s)/Atrium Door(s)
- Flooring: Carpet, Tile, Wood
- Doors: French Doors
- Windows: Single Hung, Window Treatments
- Number of fireplaces: 1
Interior area
- Total interior livable area: 4,418 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Exterior features: Built-in Barbecue, Balcony, Barbecue, Porch
- Has private pool: Yes
- Pool features: Electric Heat, Heated, Pool, Private
- Has view: Yes
- View description: Intercoastal, River
- Has water view: Yes
- Water view: Intercoastal,River
- Waterfront features: Intracoastal Access, River Front, Seawall, Beach Access
- Frontage length: 239
Lot
- Size: 0.86 Acres
- Dimensions: 0.86
- Features: Additional Land Available, 1/2 to 1 Acre Lot, Split Possible
Details
- Parcel number: 33402100008000000128.0
- Zoning: ,
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Block, Concrete
- Roof: Shake,Wood
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Gated with Guard, Security Guard, Smoke Detector(s)
Community
- Community features: Basketball Court, Other, Playground, Pickleball, Tennis Court(s)
Location
- Region: Vero Beach
- Subdivision: ANCHOR THE MOORINGS
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $400 monthly
- Amenities included: Dues Paid Quarterly
- Services included: Common Areas, Other, Recreation Facilities, Security
- Association name: Elliott Merrill
Other
Other facts
- Listing terms: Cash,New Loan
- Ownership: Single Family/Other
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2026 | Sold | $5,525,000-11.6%$1,251/sqft |
Source:  Realtor Association of Indian River County #295351 Report a problem | ||
| 4/28/2026 | Pending sale | $6,250,000$1,415/sqft |
Source: Realtor Association of Indian River County #295351 Report a problem | ||
| 4/15/2026 | Contingent | $6,250,000$1,415/sqft |
Source: Realtor Association of Indian River County #295351 Report a problem | ||
| 2/25/2026 | Listed for sale | $6,250,000$1,415/sqft |
Source: Realtor Association of Indian River County #295351 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,514 +3.7% | $1,544,646 +2.9% |
| 2024 | $20,749 +4.3% | $1,501,113 +3% |
| 2023 | $19,901 +2.3% | $1,457,391 +3% |
| 2022 | $19,452 -0.5% | $1,414,942 +3% |
| 2021 | $19,543 -0.1% | $1,373,730 +1.4% |
| 2020 | $19,553 | $1,354,763 +2.3% |
| 2019 | $19,553 -0.7% | $1,324,304 +1.9% |
| 2018 | $19,683 +2% | $1,299,611 +2.1% |
| 2017 | $19,296 -3.5% | $1,272,881 +2.1% |
| 2016 | $19,994 +3.6% | $1,246,700 +0.7% |
| 2015 | $19,296 -3.5% | $1,238,040 +0.8% |
| 2014 | $19,994 | $1,228,220 +1.5% |
| 2013 | -- | $1,210,070 +1.7% |
| 2012 | $18,687 +3.2% | $1,189,850 +3% |
| 2011 | $18,112 +1.2% | $1,155,200 +1.5% |
| 2010 | $17,898 +7.3% | $1,138,130 +2.7% |
| 2009 | $16,673 +5.2% | $1,108,210 +0.1% |
| 2008 | $15,846 -0.2% | $1,107,110 -45.5% |
| 2007 | $15,872 | $2,030,360 -22.6% |
| 2006 | -- | $2,623,500 +37.1% |
| 2005 | -- | $1,913,060 |
| 2004 | -- | $1,913,060 +23.8% |
| 2003 | -- | $1,544,890 +24.6% |
| 2002 | $17,178 +1% | $1,239,790 +13.5% |
| 2001 | $17,000 -0.4% | $1,091,880 +20.6% |
| 2000 | $17,066 | $905,250 |
Find assessor info on the county website
Neighborhood: South Beach
Nearby schools
GreatSchools rating
- 7/10Beachland Elementary SchoolGrades: PK-5Distance: 4.9 mi
- 7/10Gifford Middle SchoolGrades: 6-8Distance: 7.6 mi
- 5/10Vero Beach High SchoolGrades: 9-12Distance: 4.9 mi
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Estimated market value
$5,525,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$5,525,800
- Florida
- Indian River County
- Vero Beach
- 32963
- South Beach
- 229 Binnacle Point
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