Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    11740 Seaview Drive Vero Beach, FL 32963

    View on Map
    Claim this Listing
    For Sale
    $5,495,000

    LAND - Vero Beach, FL

    Lot size:
    1.39 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    105
    Last Refresh:
    May 6 at 2:06 pm

    Property Features for 11740 Seaview Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS-3
    Vegetation
    Grassed
    Standard status
    Active
    APN
    31390300002000000017.0
    Lot size
    1.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SEAVIEW SUBDIVISION PBI 13 - 62 LOT 17
    Tax Annual Amount
    23377

    Utilities

    Utilities
    Cable Available
    Water front
    1

    We can help!

    Listing Contact
    Morgan Lydon
    Morgan Lydon

    Listing agent Morgan Lydon License #3315435

    Listing office Douglas Elliman 340 Royal Poinciana Way, M302, Palm Beach, FL

    Listing date Jan 21, 2026

    MLS# R11156530 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.39‑acre oceanfront lot in the exclusive Seaview community.
    • Located in a gated community of only 24 lots, with 19 being oceanfront.
    • Boasting 168+ feet of beachfront exposure, the second largest in the development.
    • Positioned near the end of the development for increased privacy.
    • Located in a tranquil setting nestled between preserve land and the Atlantic Ocean.
    • Minutes from Vero Beach shopping and entertainment.

    Overview

    Oceanfront Land in Gated Community

    This 1.39-acre oceanfront property is located at 11740 Seaview Drive in Vero Beach, Florida. Situated in the gated Seaview community, which comprises 24 lots with 19 oceanfront properties, this location offers tranquility. The property is positioned two lots from the end of the development, providing additional privacy. It features over 168 feet of beachfront exposure. The property is surrounded by established homes and offers the opportunity to build in a private community near shopping and entertainment options in Vero Beach. The zoning is RS-3. The neighborhood is nestled between preserve land and the Atlantic Ocean.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Law Firm Spa & Massage Center Hotel & Motel Gym & Fitness Center Skin Care Clinic Bed & Breakfast Acupuncture Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.421108
    Latitude
    27.808515

    Nearby Similar for Sale

    • $799,000

      Vero Beach Investment Opportunity

      Investment opportunity in prime location near beaches and shopping plaza.
      148 Vista Royale Square, Vero Beach, FL 32962
      View Details
    • $725,000

      Vero Beach Industrial Opportunity

      Warehouse with redevelopment potential in a growing Vero Beach corridor.
      866 SW 11th Ct Court SW, Vero Beach, FL
      View Details
    • $825,000

      Commercial Land with US1 Frontage

      Three commercial parcels with US1 frontage near medical district.
      1955 39th Street, Vero Beach, FL 32960
      View Details
    • $79,000
      11,163 SF

      Established Business in Vero Beach

      Turnkey business opportunity with great lease terms in Vero Beach.
      1642 Old Dixie Highway, Vero Beach, FL 32960
      View Details
    • $110,000

      Profitable Dual-Revenue Business Opportunity

      Established pet grooming and aquatics retail business for sale.
      1135 US Highway 1, Vero Beach, FL 32960
      View Details
    • $825,000

      Commercial Parcels on US1 Frontage

      Three commercially zoned parcels with US1 frontage in Vero Beach.
      3880 Old Dixie Highway, Vero Beach, FL 32960
      View Details
    • $3,000,000

      Vero Beach Commercial Building

      High-visibility commercial building with kitchen and roll-up doors.
      3700 9th st SW, Vero Beach, FL 32968
      View Details
    • $79,000

      Established Business in Vero Beach

      Turnkey business opportunity with vintage decor and furnishings in Florida.
      1642 Old Dixie Highway, Vero Beach, FL 32960
      View Details
    • $1,500,000
      7,500 SF

      Vero Beach Flex Opportunity

      7,500 SF flex building on one acre for sale.
      820 35th Court SW, Vero Beach, FL 32968
      View Details
    • $299,000

      Vero Beach Commercial Development Site

      Prime 0.51-acre commercial land for sale in Vero Beach.
      1915 42nd Avenue, Vero Beach, FL 32960
      View Details
    • $1,100,000

      Turnkey Cafe/Restaurant Opportunity

      Fully equipped cafe with expansive outdoor seating in Vero Beach.
      3700 9th Street SW, Vero Beach, FL 32968
      View Details
    • $430,000
      1,910 SF

      Updated Duplex in Vero Beach

      Updated duplex perfect for house hacking or investment.
      1504 41st Avenue, Vero Beach, FL 32960
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.39 acres of pristine oceanfront land in Vero Beach.
    Where is this waterfront land located?
    The property is located at 11740 Seaview Drive Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $5,495,000.
    What are key features of this property?
    This property features: 1.39‑acre oceanfront lot in the exclusive Seaview community.; Located in a gated community of only 24 lots, with 19 being oceanfront.; Boasting 168+ feet of beachfront exposure, the second largest in the development.
    (772) 285-0755
    We can help!
    Listing Contact
    Morgan Lydon
    Morgan Lydon
    Real Estate License ID: 3315435
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11740 Seaview Drive, Vero Beach, FL 32963
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!