1 / 835240 20th Street, Vero Beach FL 32966
Vero Beach, FL
List Price
$1,899,900
Type
Single Family
Bedrooms
3
Bathrooms
3
Price / SqFt
$576/sqft
Price reduction
13.6% below original list — was $2,199,900
From the listing
INVESTORS -- RESIDENTIAL OR COMMERCIAL & BUILDERS!! Current zoning RS-6, with possibility of high density and commercial zoning, upon submitting plans to the Building Dept. Property is situated in the city's centre, directly on Highway 60. Home is set back, so you can enjoy the nature, but have all the stores you can imagine, right outside your doorstep. Bring yours horses or open your business -- upon getting your site plan approved. This property is one-of-a-kind, with so many options available. Great investment! The home has a lot of charm, including Peggy Cypress wall paneling, all over the home. NO HOA!! Property includes Pole barn, detached carport/garage and an attached carport. See video tour! Will not last!
Property Information
- Square Feet
- 3,296
- Units
- 1
- Days on Market
- 395
- Status
- active
Location
- County
- Indian River County
- Zip Code
- 32966
- Coordinates
- 27.6397, -80.4400
Represented by Academia
Academia Real Estate Corp can represent you on this property. Use the inquiry form to have a licensed broker reach out with full details and next steps.
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Why this deal
- 13.6% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
55/100
Fair
is scored →
No comp-based ARV yet for this listing — equity scored neutral.
13.6% off original list (full marks at 25%+).
395 days on market (full marks at 120+ — more time = more leverage).
No explicit distress language in the public remarks.
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice. Factors marked “assumed” were missing from the feed and scored neutral.
Deal scorecard
How four stakeholders read this deal
Strengths
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
Risks
- Equity not yet estimated — no comps available for ARV
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Equity not yet estimated — no comps available for ARV
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
What an insurer sees
Insurance / 4-point
insurability v1. Miami-Dade is entirely within the HVHZ (High-Velocity Hurricane Zone) …
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
What a GC / AHJ sees
Permits / condition
Permit data from county permit records; may lag; verify open permits with the AHJ. Limi…
4-point — last permit
- Roofnone
- Electricalnone
- Plumbingnone
- HVACnone
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-07-24. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
5240 20th Street, Vero Beach FL 32966, Vero Beach, FL
No closed comps matched yet — ARV below is a starting estimate. Verify.
Recommended max offer
$1,215,930
Room vs list (above list)
$683,970
Est. equity
-$347,688
-18% of ARV, at list
ROC at list
-15%
Est. all-in at list
$2,247,588
list + rehab + txn + carry
70% rule MAO
$1,215,930
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.