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$39,000,000

Beds
8
Baths
10.0
sq ft
18,000

3700 Ocean Dr, Vero Beach, FL 32963

3700 Ocean Dr

Vero Beach, FL 32963

  • 57 days on market
In the heart of Vero’s seaside downtown, this walled & gated oceanfront compound is secluded by the privacy of meticulously landscaped grounds. Featuring reinforced concrete & steel construction anchored by 255 pilings, plus floor-to-ceiling impact windows & doors for ultimate weather readiness & peace of mind. 8 beds, 12 baths, garage parking for 10 cars, & multiple kitchens. Effortlessly control the ambiance, comfort, security & entertainment w/ the Savant home automation system. Resort-like living w/ 2 pools, incl. an 80’ oceanfront infinity pool. Sep. 3-bed guest house.

Details

Property type

Single Family Residence

Est. home value

$19,107,878

Lot size

1.41 acres

Price per sq ft

$2,167

Year built

2014

Annual property taxes

$282,295

Price History

12/08/2024
IndianRiver

IndianRiver #283650

Listed
$39,000,000
-7.14%
01/25/2024
Beaches

Beaches #R10943451

Removed
$42,000,000
12/18/2023
Beaches

Beaches #R10943451

Listed
$42,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

High school district: 

Indian River County Schools

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The Huntington National Bank

Loan start date

June 2021

Original loan amount

$10,000,000

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Mark T Mitchell and Mark T Mitchell Living Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/03/2025 at 12:15 PM

Listing updated: 01/29/2025 at 9:50 AM

Listed by: Cindy J O'Dare, One Sotheby's Int'l Realty Phone #: (772) 492-1002

MLS: IndianRiver #283650

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