Waterfront CBS Opportunity – Vero Beach, FL

This 3-bed, 2-bath, 2,413 sf waterfront home (built 1958) sits on an 8,712 sf lot with direct ocean access. Partial renovations are already complete, including some interior updating, although you may want to revamp the entire decor.  Major systems — electrical, plumbing, and HVAC — roof is 20 years old but a metal roof, so sealing and paint should do the trick. The property lacks a garage and would benefit from dock upgrades to reach full ARV potential.

🛠️ Rehab Scope

• Update kitchen and baths for modern finish level
• Replace flooring and interior paint throughout
• Add or rebuild dock for full waterfront appeal
• Minor exterior refresh and landscaping
• Optional: convert carport or add covered parking for added value

🔵 Comparable Sales

1. 310 14th St (2/3 | 2,140 sf | 1972) – Closed $689,000 ($322/sf) – smaller, unrenovated, garage & dock
2. 1430 3rd Ct (2/2 | 1,406 sf | 1958) – Closed $560,000 ($398/sf) – smaller, updated, strong water view

Given condition and lack of premium dock/garage, expected ARV is ≈ $699,000 – $750,000+/-, depending on final finishes.  There is definitely room to command more, due to the size of the property.