tomo logo

$10,900,000

Beds
5
Baths
6.5
sq ft
5,294

776 Reef Rd, Vero Beach, FL 32963

776 Reef Rd

Vero Beach, FL 32963

  • 27 days on market
Stunning oceanfront estate in Floralton Beach, on 1.25 acres w/ 150± feet of ocean frontage. The long driveway w/ lush landscaping leads to the impressive 5-bed, 6.5-bath home w/ 5,294± AC SF & a 3-car garage. Marble floors, impact windows & doors, oceanfront balconies, and a completely private primary suite w/ fireplace, sitting room, & panoramic views. The large kitchen features KitchenAid appliances & a large island w/ storage. The 2nd floor ocean room is perfect for entertaining family & friends after enjoying a game of tennis on your private court & cooling off in the oceanside pool.

Details

Property type

Single Family Residence

Est. home value

$4,974,792

Lot size

1.25 acres

Price per sq ft

$2,059

Year built

1954

Annual property taxes

$67,417

HOA fee

$50

Price History

11/25/2024
IndianRiver

IndianRiver #283207

Listed
$10,900,000
+175.95%
04/20/2016
IndianRiver

IndianRiver #165543

Sold
$3,950,000
+12.86%
09/12/2014
IndianRiver

IndianRiver #143066

Sold
$3,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Indian River County Schools

Negotiation Insights

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

Seller could get up to

$8,105,035
Asking price
$10,900,000
Closing costs (~8% of asking)
-$872,000
Est. remaining loan balance
-$1,922,965
Cash to seller
$8,105,035

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

September 2014

Original loan amount

$2,450,000

Est. remaining balance

$1,922,965

Interest rate

4.13%

Loan type

New Conventional, 30 year

Seller

Robert P Grammen and Scheri D Grammen

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: 12/22/2024 at 10:20 AM

Listing updated: 12/15/2024 at 3:20 PM

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

MLS: IndianRiver #283207

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