For sale

Price cut: $24.9K (7/1)

$525,000

5137 Formosa Cir, Vero Beach, FL 32967

3beds

2,018sqft

$3,877/mo

Get pre-qualified

Single Family Residence

Built in 2012

10,260 Square Feet Lot

$-- Zestimate^®

$260/sqft

$484/mo HOA

What's special

Lakefront retreatExtended lanaiHurricane shutters

NEW AND IMPROVED PRICE! Welcome to your lakefront retreat in this beautifully updated 3BR/3BA 2012 Oakmont in desirable gated Isles at Waterway Village. Over $83K+ in upgrades - every detail shines—from the renovated kitchen with Fantasy granite to updated lighting, fixtures, and finishes throughout. Extended Lanai, Safe Room with hurricane shutters to add peace of mind, while thoughtful enhancements inside and out create a move-in ready home that lives like a private coastal escape. Resort style community features include clubhouse, gym, pickleball/tennis courts, heated pool and much more!

159 days
422
9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Bedroom

Dimensions: 17x15

Bedroom

Dimensions: 12x13

Bedroom

Dimensions: 12x11

Den

Dimensions: 11x13

Dining room

Dimensions: 12x12

Foyer

Dimensions: 8x20

Kitchen

Dimensions: 12x13

Laundry

Dimensions: 7x10

Living room

Dimensions: 16x23

Screened porch

Dimensions: 21x8

Screened porch

Dimensions: 35x15

Heating

Central

Cooling

Central Air

Appliances

Included: Dryer, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Laundry: Laundry Room, Laundry Tub, In Unit

Features

Bathtub, Garden Tub/Roman Tub, High Ceilings, Pantry, Split Bedrooms, Walk-In Closet(s)
Flooring: Tile
Doors: Sliding Doors
Windows: Window Treatments
Has fireplace: No

Interior area

Total interior livable area: 2,018 sqft

Video & virtual tour

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Covered, Patio, Porch, Screened
Exterior features: Enclosed Porch, Sprinkler/Irrigation, Porch, Rain Gutters
Pool features: Fenced, Gas Heat, Heated, Pool, Community
Has spa: Yes
Spa features: Hot Tub
Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake
Waterfront features: Lake, Pond

Lot

Size: 10,260 Square Feet
Dimensions: 135 x 76
Features: < 1/4 Acre

Details

Parcel number: 32392100011000000354.0
Zoning: ,
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: One Story
Property subtype: Single Family Residence

Materials

Block, Other, Concrete
Roof: Rolled/Hot Mop,Tile

Condition

New construction: No
Year built: 2012

Utilities & green energy

Sewer: County Sewer
Water: Public

Community & HOA

Community

Features: Clubhouse, Fitness, Other, Park, Pickleball, Sidewalks, Tennis Court(s), Gutter(s), Pool
Security: Gated Community, Smoke Detector(s)
Subdivision: Isles at Waterway Village

HOA

Has HOA: Yes
Amenities included: Dues Paid Quarterly
Services included: Common Areas, Cable TV, Internet, Maintenance Grounds, Recreation Facilities, Reserve Fund, Security, Trash
HOA fee: $484 monthly
HOA name: A R Choice

Location

Region: Vero Beach

Financial & listing details

Price per square foot: $260/sqft
Tax assessed value: $435,501
Annual tax amount: $5,962
Date on market: 3/26/2026
Listing terms: Cash,New Loan
Ownership: Single Family/Other

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/1/2026	Price change	$525,000-4.5%$260/sqft
Source: Realtor Association of Indian River County #296066 Report a problem
5/21/2026	Price change	$549,900-3.5%$272/sqft
Source: Realtor Association of Indian River County #296066 Report a problem
3/26/2026	Listed for sale	$569,900+7.3%$282/sqft
Source: Realtor Association of Indian River County #296066 Report a problem
5/26/2022	Sold	$531,000+0.2%$263/sqft
Source: Realtor Association of Indian River County #250110 Report a problem
3/21/2022	Pending sale	$529,900$263/sqft
Source: Realtor Association of Indian River County #250110 Report a problem
3/8/2022	Contingent	$529,900$263/sqft
Source: Realtor Association of Indian River County #250110 Report a problem
3/6/2022	Pending sale	$529,900$263/sqft
Source: BeachesMLS #RX-10781405 Report a problem
3/4/2022	Listed for sale	$529,900+115.5%$263/sqft
Source: Realtor Association of Indian River County #250110 Report a problem
6/1/2012	Sold	$245,925-0.4%$122/sqft
Source: Public Record Report a problem
3/18/2012	Price change	$246,925-7.5%$122/sqft
Source: DiVosta Report a problem
2/26/2012	Listed for sale	$266,925$132/sqft
Source: DiVosta Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,962 +6.7%	$435,501 +2.9%
2024	$5,585 -1.6%	$423,227 -2.7%
2023	$5,678 +91.6%	$434,873 +82.2%
2022	$2,964 +0.4%	$238,622 +3%
2021	$2,953 +0.5%	$231,672 +1.4%
2020	$2,939	$228,474 +2.3%
2019	$2,939 -0.1%	$223,338 +1.9%
2018	$2,942 +1.9%	$219,174 +2.1%
2017	$2,888	$214,666 +2.1%
2016	$2,888 +1.3%	$210,250 +0.7%
2015	$2,850 -3.4%	$208,790 +0.8%
2014	$2,950	$207,140 +1.4%
2013	--	$204,260 +539.9%
2012	$466 +29.4%	$31,920 +50%
2011	$360 -8.2%	$21,280
2010	$392 +25.6%	--
2009	$312 -11.6%	$19,000 -16.7%
2008	$353	$22,800