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1505 Coral Avenue, Vero Beach, FL 32963

$2,390,000
Property Type: Residential Income Square Footage: 3,099 Status: Active
Current Price: $2,390,000 List Date: 4/14/2026 Last Modified: 7/20/2026

Overview

Description

///Seller Financing/// Prime opportunity with a motivated seller! Excellent investment in the prestigious city of Vero Beach. Concrete block duplex on a valuable corner lot zoned Multi-Family (2–9 units) with 3,299 A/C SF and steps from the beach. Aluminum roof for added durability and low maintenance. Each unit features its own private patio, offering added outdoor living space and privacy.Unit 1 offers a spacious 3BD/2BA + den. Unit 2 is smartly divided into two 3BD/2BA units, each with a privateenclosed patio. Strong rental demand and flexible income configuration in a high-end coastal market. Minutes toDisney’s Vero Beach Resort, Costa d’Este Beach Resort, and Orchid Island Golf & Beach Club. Conveniently located 2 hours from Miami, 1 hour from West Palm Beach, and Orlando. Ideal for investors seeking long-termappreciation, a high rental income, or future development flexibility.

Listing Details MLS# A12000945

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
3099
Living Area Main
3099
Year Built
1976
Parking Total
6
Stories Total
Yes
Pool Private YN
No

Property Features

Documents Available: Other Available Information Flooring: Tile Property Condition: Resale Structure Type: Duplex Construction Materials: CBS Cooling: Central Air Heating: Central; Electric; Separate Meters Listing Terms: Conventional; Owner Will Carry Possession: Negotiable Roof: Aluminum Sewer: Septic Tank Tax Information: City/County Utilities: Cable Available Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking Unit 1 Rooms: Family Room Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Other

Contract Information

Comp Sale YN
No
Original List Price
2997900

Location and Legal

Country
United States
County Or Parish
Indian River
County Parish Name
Indian River
Street Number
1505
Street Name
Coral
Street Suffix
Avenue
City Name
Vero Beach
State Or Province
FL
Postal Code
32963
Postal Code +4
2341
Postal Zip
32963
Subdivision Name
THE OCEAN CORPORATION SUB
Area
6311 - Beach City (IR)
Elementary School
Beachland
Middle Or Junior School
Gifford
High School
Vero Beach
Parcel Number
334005000120070000070
Subdivision Number
50001
Zoning
R-1A
Flood Zone
X
Directions
Take FL-713 N and US 1 S/U.S. Rte 1 N to Coral Ave in Vero Beach.

Financial Information

Tax Annual Amount
17163
Tax Year
2025
Tax Legal Description
OCEAN CORPORATION SUB BLK 7 LOT 7 PBI 3-9
Estimated Monthly Assoc Recurring Fee
0

Status Change Information

Major Change Timestamp
2026-07-08T13:22:29Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-07-08T13:22:29Z
Status Change Date
2026-04-14

More Information

Income and Expenses

Gross Income
11300

Storm Protection

Accordian Shutters
Complete

Unit 1 Details

Actual Rent
6500
Baths Full
2
Efficiency YN
No
Furnished
Furnished
SqFt
1793

Unit 1 Lease Description

Lease Term
Month To Month

Unit 2 Details

Actual Rent
4800
Baths Full
2
Efficiency YN
No
Furnished
Furnished
SqFt
1306

Unit 2 Lease Description

Lease Term
Month To Month

Price Calculations

Current Price To SqFt
771.21

Section Details

Parcel Number MLX
3340

Originating Details

Originating System Key
454696654
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Flooring

Tile
Yes

Property Condition

Resale
Yes

Documents Available

Other Available Information
Yes

Structure Type

Duplex
Yes

Possession

Negotiable
Yes

Sewer

Septic Tank
Yes

Utilities

Cable Available
Yes

Heating

Central
Yes
Electric
Yes
Separate Meters
Yes

Construction Materials

CBS
Yes

Listing Terms

Conventional
Yes
Owner Will Carry
Yes

Roof

Aluminum
Yes

Cooling

Central Air
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Agent
Yes

Tax Information

City/County
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Open Parking
Yes

Unit 1 Rooms

Family Room
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes

Unit 2 Parking Features

Other
Yes
IDX
Listing Office: The Keyes Company
Last Updated: July - 20 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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