, VERO BEACH, FL, 32963
Active605 days on marketListed Nov 22, 2024MLS #R11039582
About this home
Experience the comfort of a home w/ the ease of condo living in this spacious 3-bed, 3-bath Somerset Bay residence. Enjoy stunning sunsets from the west-facing porch & thoughtful details like impact windows, granite countertops & plantation shutters. Somerset Bay leads w/ proactive maint., incl. new roofs by 2/2025 & a completed Structural Integrity Reserve Study. Month. fees remain stable with a low 3% increase for 2025. Sellers invested extensively in updates ensuring long-term value & peace of mind. The gated community offers a resort-style pool, renovated clubhouse & priv. beach access.
Facts & features
The home at a glance
3
Bedrooms
3
Bathrooms
2,760
Sqft
0 ac
Lot size
2
Garage
2003
Year built
$413
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$9,357 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$9,357/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Vero Beach actives
$413 vs $245
Days on market
605 vs 30 typical
Where $413/sqft sits among the 400 Vero Beach actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
The investor lens
Two ways this home pays
This home sits inside Somerset, a community zoned to allow true short-term rentals — so it can earn as a nightly rental or a traditional lease. Here’s how the two paths compare.
Short-term rental
Zoned & eligible
Projected nightly rate, occupancy and annual revenue for this exact home.
Long-term rental
$2,495/mo median
Live Vero Beach rental listing data — this home’s rate depends on size, condition and furnishing.
Where it sits
Inside Bermuda Club
Somerset is a short-term-rental community. See the full guide →
Bermuda Club — neighborhood snapshot
Population
954
Median age
73
Median income
$84,922
Median home value
$603,000
Avg household
2
For the school run
Indian River County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Vero Beach market
$330K → $412K
Vero Beach median sold, yr/yr
98.0%
Sale-to-list ratio (12 mo)
60 of 400
Vero Beach actives have cut their price
Median sold price, Vero Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 14% above the VERO BEACH 32963 median. See the full Vero Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’25$1,160,000
Nearby listing · same community
3 bd · 3 ba · 2,760 sqft · $420/sqft · 54 DOM
Sold · Nov ’25$1,300,000
9037 Somerset Bay Lane # 302, Vero Beach FL 32963 · same community
3 bd · 3.5 ba · 3,088 sqft · $421/sqft · 76 DOM
Sold · Sep ’25$2,342,367
9224 Seaglass Court, Vero Beach FL 32963
4 bd · 3.5 ba · 2,754 sqft · $851/sqft · 0 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Steeve Cadeau
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Steeve's phone and CRM.
Straight answers
FAQs
What would the monthly payment be for ?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $9,357/mo — principal and interest, the actual property-tax bill, the $2,174/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at ?+
The association fee works out to $2,174 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on ?+
The most recent tax bill on record (2024) was $5,333. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can be rented short-term?+
Yes — this home sits inside Somerset, a community zoned to allow short-term rentals. Nightly-rental income could change the math on this purchase entirely; request a free rental income analysis and our team will prepare projections for this exact home.
Are pets allowed at ?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Vero Beach?+
At $1,140,000, this home is listed about 240% above the Vero Beach median of $335,000. The market section on this page shows how the area is trending.
Which schools are assigned to ?+
Gifford Middle School (middle), Beachland Elementary School (elementary), Vero Beach High School (high) — Indian River County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$1,140,000 runs 14% above the VERO BEACH 32963 median — but at 2,760 sqft it's also nearly twice the size of the typical Vero Beach listing.
02Zoned for nightly rentals
Somerset is one of the communities zoned to allow true short-term rentals — nightly income could change the math on this purchase entirely. Ask for the free rental analysis below.
03Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
04Know the monthly fee
The association fee is $2,174/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
05Time on market is leverage
605 days on market against a Vero Beach median of 30 — sellers in this position are usually ready to negotiate.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New Vero Beach homes, in your inbox
Like but not quite? A daily digest of every new listing in Vero Beach — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Steeve to ping you on any price or status change →