1507 Ocean Dr Unit 5, Vero Beach, FL, 32963

Location

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1507 Ocean Dr Unit 5, Vero Beach$1,580,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingGarage

Garage2 spaces

Year Built2007

HeatingCentral

CoolingCentral Air

WaterfrontBeach

ViewPool

MLS #283251

StatusActive

About 1507 Ocean Dr Unit 5

Sophisticated coastal living awaits in this elegant three-story home in a gated enclave with deeded beach access. Featuring three bedrooms, three-and-a-half baths, an office/den, hardwood floors, and a two-car garage, this turnkey impeccable property offers comfort and style. Enjoy a heated community pool and proximity to Ocean Drive’s dining, shopping, and entertainment. Perfect as a vacation retreat or year-round residence, this luxurious home combines casual elegance with ultimate island convenience. Furnishings available

Property Details

Property Features

Property Information:

Architectural Style: Three Story
Year Built: 2007
Stories: 3
Living Area: 2,356 SqFt

Listing Office:

Office Name: Douglas Elliman Florida LLC
Office Phone: (561) 427-3958
Listing Agent: Michael T Merrill

Interior Features

Interior Information:

Appliances: Wine Cooler
Flooring Type: Wood
Interior: Elevator, Crown Molding, High Ceilings

Bedroom and Bathroom Information:

Partial Bathrooms: 1
Full Bathrooms: 3
Total Bedroom Count: 3

Exterior Features

Exterior Information:

Waterfront: Beach
View: Pool
Exterior: Balcony

Parking Information:

Garage Space: 2 spaces
Parking: Garage

Lot Features

Lot Information:

Lot: Other

Utilities

Utilities Information:

Heating: Central
Cooling: Central Air

Other

Directions Information:

Directions: Ocean Drive just south of Darios

Price Information

Listing Price Info

Price Summary:

List Price: $1,580,000
Price Per SqFt: $671/SqFt

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Housing Market Comparison

See how this home compares to others in Vero Beach, FL.

Vero Beach, FL

City

Med. Sold Price

$415.8K

Med. Price/SqFt

$238

Avg. Days On Market

101

# of Sold Homes

217

1507 Ocean Dr Unit 5 vs Vero Beach

40 DAYS ON ROCKET

-61 Days

$1,580,000

+$1.1M More

$671/SqFt

+$433 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $433/SqFt more than other homes in Vero Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Name: IndianRiver
MLS Number: #283251

Listing Office:

Office Name: Douglas Elliman Florida LLC
Office Phone: (561) 427-3958
Listing Agent: Michael T Merrill

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Realtor Association of Indian River County. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Realtor Association of Indian River County. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/9/2025, 6:16:09 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Homeowners Insurance

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

/10

Beachland Elementary School
3350 Indian River Dr E
Distance between this listing and this school1.96 miles
Public District Grades PK-5

/10

Vero Beach Elementary School
1770 12th St
Distance between this listing and this school3.25 miles
Public District Grades PK-5

/10

Citrus Elementary School
2771 4th Pl
Distance between this listing and this school4.13 miles
Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

15%

<35k

28%

35k-100k

41%

100k-200k

16%

200k+

What level of education do the neighbors have?

Post Secondary: 67%
Masters: 22%
High School: 9%
Doctorate: 2%

What types of families live nearby?

42%

Single, No Kids

Single, with Kids

46%

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Home Owners: 78%
Renters: 22%

How old are people in this area?

<11 yrs old

12-17 yrs old

18-34 yrs old

40%

35-64 yrs old

39%

65+ yrs old

What do the neighbors do for fun?

PGA/LPGA
Hiking/backpacking
Skiing/snowboarding

Where do the neighbors shop?

Chico's
Nordstrom Rack
Stein Mart

Where do the neighbors go to eat?

Bonefish Grill
Chipotle
Cracker Barrel

What do the neighbors drive?

Cadillac
Mazda
Lexus

What do the neighbors listen to?

Classical
Rock
Oldies

The neighbors living near this home have an average income of $112,031. Typical income of Vero Beach, FL residents is between $100k-200k annually. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1507 Ocean Dr Unit 5

What is the listing price of this property?

The listing price of 1507 Ocean Dr Unit 5 property is $1,580,000.

What type of property is this?

The property 1507 Ocean Dr Unit 5 is a house located in Vero Beach, Florida, 32963.

Is this property for sale now?

Active Listing: 1507 Ocean Dr Unit 5 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1507 Ocean Dr Unit 5 has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 1507 Ocean Dr Unit 5 is 2,356 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1507 Ocean Dr Unit 5 is 2007.

Rocket Homes›Florida›Indian River County›Vero Beach›32963›1507 Ocean Dr Unit 5

This home is located at 1507 Ocean Dr Unit 5 in Vero Beach, FL and zip code 32963 in the Village by the Sea neighborhood. This 2,356 square foot home was built in 2007. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 29, 2024 and is currently priced at $1,580,000.

In December 2024 more than 16 listings in Vero Beach, FL were sold above the asking price. During the same period more than 42 listings were sold at asking price, while more than 159 were sold below. In December 2024 in Vero Beach, FL there were 6.3% more homes for sale than in November 2024. Listings spent 101 days on the market in December 2024, and had a median list price of $415,829 during the same period.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Lot Features

Utilities

Other

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

Frequently Asked Questions About 1507 Ocean Dr Unit 5

More Resources

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Housing Market Reports in Indian River County