Active

401 18th Street

Vero Beach, FL 32960

$11,950,000 $50,381/Mo

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Overview

Bed

Bath

3.10

Acres(Lot)

Description

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.

Property Details

Property Type : ResidentialIncome

Price : $11,950,000

AD Id : 78232863

MLS Id : 297147

Beds : 64

Lot Size : 3.10 Acres

Year Built : 2022

Garage : 1

County : Indian River

Map

Features

Interior Features

Roof: Metal

Laundry Features: None

Window Features: Blinds
Heating & Cooling

Has Heating: Yes Heating: Central, Electric, HeatPump Has Cooling: Yes Cooling: CentralAir, Electric, ReverseCycle

Building Information

Year Built: 2022

Construction Materials: Block, Concrete, Stucco

Stories: 1

Pool Features: None

Private Pool: No

Water front Features: None
Exterior Features

Exterior Features: None

Lot Information

Lot Dimensions: 13503 Main Square Feet: 3.1 Lot Size Acres: 3.1 Lot Description: ThreeToFiveAcres

Property Information

Subdivision: Other Source Property Type: ResidentialIncome Zoning Description: Multiple Levels: One Property Age: 4

Listing Price Information

Listing Price: $11950000

Cash, NewLoan

Tax Information

Parcel Number: 33390100027002000001.0 Tax Lot: 1 Tax Year: 2025 Annual Tax: $51108 Tax Legal Desc: DR RICHARD E BULLINGTONS SUB PBS 2-5 FOLL PARTS OF LOT 1 BLK 2, E 2.5 AC OF THE W 5 AC, LESS W 15.00 FT OF THE E 55.00 FT OF THE N 150.00 FT THE W 1 AC OF THE E 5 AC, & ALL THAT PART OF E 1/2 LYING W OF E 5 AC, LESS RD R/W

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 20 Garage, GarageDoorOpener

Garage Information

Has Garage: Yes Garage Space: 1

Location Information

Direction: From Indian River Blvd west to 18th St to Sub, South, Central Vero Beach, East of US1. WaterSource: Public Security Features: FireSprinklerSystem

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1902 4th Avenue, Vero Beach, FL, 32960	$449,900	3	2	1,332	1,332 SqFt
1630 42nd Square #104, Vero Beach, FL, 32960	$258,000	2	3	1,578	1,578 SqFt
936 25th Avenue, Vero Beach, FL, 32960	$350,000	2	2	1,625	1,625 SqFt
1665 28th Avenue, Vero Beach, FL, 32960	$299,500	3	2	1,261	1,261 SqFt
1328 Hideaway Drive, Vero Beach, FL, 32960	$834,410	3	3	2,269	2,269 SqFt
1620 5th Avenue, Vero Beach, FL, 32960	$295,000	2	2	1,028	1,028 SqFt
1130 35th Avenue, Vero Beach, FL, 32960	$419,000	4	3	1,864	1,864 SqFt
1100 Ponce De Leon Circ.., Vero Beach, FL, 32960	$110,000	1	2	840	840 SqFt
2333 Indian River Boule.., Vero Beach, FL, 32960	$225,000	2	2	1,431	1,431 SqFt
1576 15th Avenue, Vero Beach, FL, 32960	$239,900	2	1	714	714 SqFt

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The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of the REALTORS Association of Indian River County, Inc.®. IDX information is provided exclusively 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. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. © 2026 REALTORS Association of Indian River County, Inc.®. All rights reserved.

ByOwner last updated this listing 06/08/2026 @ 18:17

MLS: 297147 LISTED BY: Mike Thorpe, One Sotheby's Int'l Realty 772-492-1002 SOURCE: RAIRC