1505 Coral Avenue, Vero Beach, FL 32963 (MLS# A12000945)

1505 Coral Avenue, Vero Beach, FL 32963

$1,988,050

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12000945

Property Type: Residential Income Square Footage: 3,099 Status: Active

Current Price: $1,988,050 List Date: 9/23/2026 Last Modified: 10/04/2026

Overview

Description

Prime opportunity with a motivated seller! Excellent investment in the prestigious city of Vero Beach. Concrete block duplex on a corner lot zoned Multi-Family (2–9 units) with 3,099 A/C SF and steps from the beach. Aluminum roof. 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

Status Change Information

Major Change Timestamp: 2026-09-23T18:08:29Z
Major Change Type: Back on Market
Price Change Timestamp: 2026-09-04T14:42:12Z
Status Change Date: 2026-09-23

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: 641.51

Section Details

Parcel Number MLX: 3340

Originating Details

Originating System Key: 454696654
Originating System ID: M00000151

Listing Office: The Keyes Company

Last Updated: October - 04 - 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.