Rarely offered premier income asset. 27 units constructed between 2022-2025. Low maintenance concrete block with metal roofs. Location off 17th Street South Causeway to Vero's widest beach and park. Steps to US-1 and shopping. Fully leased, high-end finishes including marble floors and granite countertops. NDA required prior to releasing detailed financials.
For sale
$11,950,000
401 18th St, Vero Beach, FL 32960
64beds
0baths
--sqft
Multi Family
Built in 2022
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Granite countertopsMetal roofsHigh-end finishesMarble floors
- 133 days
- 188
- 14
Zillow last checked:
Listing updated:
Listed by:
Mike Thorpe 772-492-1002,
One Sotheby's Int'l Realty
Source: Realtor Association of Indian River County,MLS#: 297147
Originating MLS: Indian River
Originating MLS: Indian RiverFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 64
- Bathrooms: 0
Heating
- Central, Electric, Heat Pump
Cooling
- Central Air, Electric, Reverse Cycle
Appliances
- Laundry: None
Features
- Flooring: Marble
- Windows: Blinds
- Has fireplace: No
Interior area
- Living area range: OVER 9000 Square Feet
Property
Parking
- Total spaces: 20
- Parking features: Garage, Garage Door Opener
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Exterior features: None
- Pool features: None
- Waterfront features: None
Lot
- Size: 3.1 Acres
- Dimensions: 13503
- Features: 3-5 Acres
Details
- Parcel number: 33390100027002000001.0
- Zoning: ,
- Zoning description: Multiple
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Concrete, Stucco
- Roof: Metal
Condition
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Security: Fire Sprinkler System
- Subdivision: Other
HOA
- HOA name: NA
Location
- Region: Vero Beach
Financial & listing details
- Tax assessed value: $2,896,094
- Annual tax amount: $51,108
- Date on market: 5/1/2026
- Listing terms: Cash,New Loan
- Tenant pays: Cable TV, Electricity, Sewer, Water
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Listed for sale | $11,950,000+1525.9% |
Source:  Realtor Association of Indian River County #297147 Report a problem | ||
| 3/5/2018 | Sold | $735,000+245.9% |
Source: Public Record Report a problem | ||
| 8/6/1998 | Sold | $212,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $51,108 +26.9% | $2,896,094 +25.1% |
| 2024 | $40,284 +4.2% | $2,315,463 -0.5% |
| 2023 | $38,669 +60.7% | $2,327,919 +60.4% |
| 2022 | $24,061 -1.3% | $1,451,602 -0.4% |
| 2021 | $24,378 +268.5% | $1,457,759 +217.5% |
| 2020 | $6,616 | $459,122 +33.3% |
| 2019 | $6,616 +16% | $344,342 |
| 2018 | $5,704 -3.4% | $344,342 |
| 2017 | $5,902 | $344,342 +0% |
| 2016 | $5,902 -1.1% | $344,340 |
| 2015 | $5,964 -3.1% | $344,340 +6.2% |
| 2014 | $6,155 | $324,090 +5.3% |
| 2013 | -- | $307,880 |
| 2012 | $5,266 +0.1% | $307,880 |
| 2011 | $5,262 -33.2% | $307,880 -33.3% |
| 2010 | $7,876 -47.9% | $461,820 -50% |
| 2009 | $15,114 +4.8% | $923,650 -25% |
| 2008 | $14,415 -27.5% | $1,231,530 -1.3% |
| 2007 | $19,882 | $1,247,730 -9.4% |
| 2006 | -- | $1,377,370 +242.9% |
| 2005 | -- | $401,730 -39.6% |
| 2004 | -- | $665,200 +236.6% |
| 2003 | -- | $197,630 |
Find assessor info on the county website
Monthly payment
Est. payment
