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    566-576 Azalea Ln Vero Beach, FL 32963

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    For Sale
    $1,500,000

    Vintage duplex near beach, shops, and restaurants. Development potential.

    Lot size:
    0.30 Acres

    Property Features for 566-576 Azalea Ln

    General Information

    Lot size
    0.30 Acres

    Building Details

    Year built
    1967

    Source: Liz Sherman Real Estate Agent Liz Sherman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Beachside Duplex in Superior Location

    This well-built vintage duplex is situated in a superior beachside location. The property features two 2-bedroom, 1-bathroom units and a single-car garage. Zoned RM-16, the site allows for building up with additional units or conversion into luxury two-story townhomes, with a possible change to POI zoning. The property offers multiple potential uses, including owner-occupancy with rental income or high-season and short-term rentals. The location is within walking distance of the ocean, beach, shops, restaurants, live theater, arts center, walking paths, and boat access to the river. With no existing leases, the property is immediately available for business ventures. It is also located just seconds from the bridge to the mainland and Beachland Elementary.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Spa & Massage Realty agency Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    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
    -80.3632923
    Latitude
    27.6521402

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    FAQs

    What type of property is this?
    Duplex - Vintage duplex near beach, shops, and restaurants. Development potential.
    Where is this duplex located?
    The property is located at 566-576 Azalea Ln Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Superior beachside location within walking distance to the ocean, shops, restaurants, live theatre, arts center, walking paths, and boat access.; - Rm 16 zoning allows for building up with more units or converting to luxury two-story townhomes; possible change to POI zoning offers diverse development potential.; - High income potential through seasonal or short-term rentals in a prime Vero Beach location.
    (772) 559-4904
    Request Owner's contact information
    566-576 Azalea Ln Vero Beach, FL 32963
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    Realmo Value Estimation

    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.

    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.

    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
    566-576 Azalea Ln Vero Beach, FL 32963
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