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Updated Residential Income Property
For Sale
$979,000

3509 Ocean Drive, Vero Beach, FL 32963

ResidentialIncome, Vero Beach, FL

Property Size1,089 SF
Price / SF$898.99
Days on Market115

Property Features for 3509 Ocean Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning ,
Zoning description Commercial, Mixed Use
Parking 1
Parking features Assigned, Off Street
Interior features HighCeilings, KitchenIsland, SplitBedrooms, WalkInClosets
Subdivision Vero Colony Office Park
Lot features Corner Lot, Less Than Quarter Acre
Elementary school district Indian River County Schools
Middle school district Indian River County Schools
High school district Indian River County Schools
Directions Take Beachland Blvd to Ocean Drive. Turn left onto Ocean Drive. Property is on the corner of Banyan Rd and Ocean Dr.
Standard status Active
APN 32403200041003000005.0
Size 1,089 SF

Taxes and HOA fees

Tax Year 2025
Tax Description VERO COLONY OFFICE PARK CONDO BLDG 3 UNIT 5 OR BK 1235 PG 1209
Tax Annual Amount 6466
Legal Description VERO COLONY OFFICE PARK CONDO BLDG 3 UNIT 5 OR BK 1235 PG 1209

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1998
Floors in Building 2
Flooring type Tile
Building materials Block, Concrete
Roof type Metal
Listing Agency: Alex MacWilliam, Inc.
Listed By: T.P. Kennedy · License #3377487
Added: May 28 Changed: Sep 16 Last Checked: Sep 19 at 11:06PM
MLS# 297812

Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2BR/2BA residential income property offers 1,089 square feet of updated interior space in a 1998 building. The residence features 10-foot ceilings, tile flooring, walk-in closets, split bedrooms, and generously sized living areas. Its kitchen includes quartz countertops, peninsula seating, and an open-concept arrangement, while central heating and central air support year-round comfort.

The property is directly across from the beach on Ocean Drive and is surrounded by boutiques, restaurants, and local businesses. Assigned and off-street parking are provided, with public water and public sewer serving the property. The residence is suited for full-time living, seasonal use, investment ownership, or office use as described in the source information.

Key Highlights

  • 2BR/2BA residence with 1,089 square feet
  • Directly across from the beach on Ocean Drive
  • 10‑foot ceilings, tile flooring, and walk‑in closets

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Dental Office Pharmacy Parking Lot & Garage Building Supply HVAC Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

902
Businesses Nearby

Demographics for 32963, FL

16,291
Population
12,344
Households
1.3
Avg Household Size
68
Median Age
68%
College-Educated
99%
High-School Grad
17.4 sq mi
ZIP Area
936
Density / Sq Mi
$142,985
Median Household Income
$80,536
Median Earnings
$2,000
Median Rent
$894,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential income property - Updated coastal interiors include quartz counters, peninsula seating, and an open kitchen layout.
Where is this residential income property located?
The property is located at 3509 Ocean Drive Vero Beach, FL.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: 2BR/2BA residence with 1,089 square feet; Directly across from the beach on Ocean Drive; 10‑foot ceilings, tile flooring, and walk‑in closets
More about this property
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