1 / 3410750 146th Avenue, Fellsmere FL 32948
Fellsmere, FL
List Price
$1,690,000
Type
Single Family
Bedrooms
6
Price / SqFt
$449/sqft
Price reduction
10.8% below original list — was $1,895,000
From the listing
Magnificent Luxury Estate on 20+/- acres of land. Custom built and designed as a triple split plan includes 6 bedrooms and 4.5 baths. Elegance abounds throughout with endless custom features, high ceilings, double insulated walls, wind-rated windows and doors. A fabulous kitchen is located in the center of the home and boasts granite counter tops, custom cabinets, stainless appliances, island and wrap around bar. expansive outdoor pool and lanai area with summer kitchen overlooking acres and acres of beautiful pastures. Almost 20 acres of fenced pastures and two stocked ponds.
Property Information
- Square Feet
- 3,763
- Units
- 1
- Days on Market
- 347
- Status
- active
Location
- County
- Indian River County
- Zip Code
- 32948
- Coordinates
- 27.6253, -80.6115
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
- 10.8% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
53/100
Fair
is scored →
No comp-based ARV yet for this listing — equity scored neutral.
10.8% off original list (full marks at 25%+).
347 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
Risks
- Equity not yet estimated — no comps available for ARV
- Flood zone A — mandatory flood insurance required (NFIP or private); adds to carrying cost
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 A — mandatory flood insurance required (NFIP or private); adds to carrying cost
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
10750 146th Avenue, Fellsmere FL 32948, Fellsmere, FL
No closed comps matched yet — ARV below is a starting estimate. Verify.
Recommended max offer
$638,008
Room vs list (above list)
$1,051,992
Est. equity
-$770,325
-46% of ARV, at list
ROC at list
-31%
Est. all-in at list
$2,460,325
list + rehab + txn + carry
70% rule MAO
$642,500
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.