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Beachside Duplex in Superior Location
For Sale
$1,450,000

566-576 Azalea Ln, Vero Beach, FL 32963

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

Property Size2,164 SF
Lot Size0.30 Acres
Days on Market268

Property Features for 566-576 Azalea Ln

General Information

Standard status Active
Size 2,164 SF
Lot size 0.30 Acres
Property subtype Other

Taxes and HOA fees

Annual Taxes $5,918

Building Details

Building Size 2,164 SF
Year Built 1967
Stories 1
Listing Agency:
Listed By: Liz Sherman
Source: Elliman
Added: Nov 28, 2025 Changed: Aug 9 Last Checked: Aug 23 at 4:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Liz Sherman

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage HVAC Service Pharmacy Bakery Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

957
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

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 $1,450,000.
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.
More about this property
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