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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 Market105

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 Off Street, Assigned
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: Aug 28 Last Checked: Sep 9 at 9:06AM
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 1,089-square-foot residential income property was built in 1998 and has been updated with a two-bedroom, two-bathroom layout. The interior includes 10-foot ceilings, tile flooring, central heating and cooling, walk-in closets, split bedrooms, and an open kitchen with quartz countertops and peninsula seating. Block and concrete construction, a metal roof, assigned parking, off-street parking, public water, and public sewer are also provided.

The property is positioned directly across from the beach on Ocean Drive in Vero Beach. Boutiques, restaurants, and local businesses surround the property, while the residence is presented for full-time living, seasonal use, investment, or office use. Its coastal-inspired interior finishes and natural-light-filled rooms support a range of residential income property applications.

Key Highlights

  • 1,089 SF residential income property with 2BR/2BA layout
  • Directly across from the beach on Ocean Drive
  • Updated interior with 10ft ceilings, quartz countertops, and peninsula seating

Property Analytics

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Updated two-bedroom residence across from the beach with flexible residential, seasonal, investment, or office use.
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: 1,089 SF residential income property with 2BR/2BA layout; Directly across from the beach on Ocean Drive; Updated interior with 10ft ceilings, quartz countertops, and peninsula seating
More about this property
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