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1517 Ocean Drive, Vero Beach, FL 32963 (MLS# R2919164)

1517 Ocean Drive, Vero Beach, FL 32963

$1,825,000
Property Type: Commercial Sale Square Footage: 11,694 Status: Closed
Current Price: $1,825,000 List Date: 4/18/2008 Last Modified: 5/20/2026

Overview

Description

Rare Barrier Island commercial property, including 2 operating restaurants, Monte's and Rips and 7 apartments. FFE included. 4 cop license.

Listing Details MLS# R2919164

General Property Information

Building Area Main
11694
Year Built
1961
Stories
2

Property Features

Business Type: Commercial Flooring: Carpet Heating: Central Location of Property: Beach Access Possession: Close Of Escrow Sale Includes: Franchise; Furniture; Inventory; License; Machinery; Signs; Tools; Trade Name Cooling: Central Air Listing Terms: Cash; Conventional Roof: Tar/Gravel Security Features: Fire Alarm; Fire Sprinkler System; Smoke Detector(s) Structure Type: Retail Utilities: Other

Contract Information

Comp Sale YN
No
Original List Price
3975000

Location and Legal

Country
United States
County Or Parish
Indian River
County Parish Name
Indian River
Street Number
1517
Street Name
Ocean
Street Suffix
Drive
City Name
Vero Beach
State Or Province
FL
Postal Code
32963
Area
5940 - Other Florida County
Parcel Number
334005000120040000060
Zoning
VRMVCI
Directions
US 1 to 17th St bridge East to island, Ocean Drive South to 1517 Ocean Dr
Property Description
Rare Barrier Island

Financial Information

Tax Annual Amount
15855
Tax Year
2007
Tax Legal Description
Ocean Corp Lot:6 Blk:4 Lot SqFt:13068 Frontage:132 Depth:99

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y

More Information

Status Change Information

Major Change Timestamp
2008-04-18T05:00:01Z
Major Change Type
New Listing
Status Change Date
2009-01-12
Under Contract Date
2008-11-26
Close Date
2008-12-29
Close Price
1825000
Buyer Financing
Other

Building and Property Details

% Air Conditioned
100
Maximum Ceiling Height
10

Price Calculations

Current Price To SqFt
156.06
Original List Price To Close Price
2.17

Originating Details

Originating System Key
20130215222241936559000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Flooring

Carpet
Yes

Documents Available

Photos
Yes

Structure Type

Retail
Yes

Location of Property

Beach Access
Yes

Possession

Close Of Escrow
Yes

Utilities

Other
Yes

Business Type

Commercial
Yes

Heating

Central
Yes

Sale Includes

Franchise
Yes
Furniture
Yes
Inventory
Yes
License
Yes
Machinery
Yes
Signs
Yes
Tools
Yes
Trade Name
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Tar/Gravel
Yes

Security Features

Fire Alarm
Yes
Fire Sprinkler System
Yes
Smoke Detector(s)
Yes

Cooling

Central Air
Yes
Listing Office: Coldwell Banker Paradise
IDX
Last Updated: May - 20 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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