4150 Highway A1a #104 · Vero Beach, FL 32963

$355,000

2 bd · 2.0 ba · 1,300 sqft · Condo public records · 206 Days on market

Built 1972 $1125/mo HOA · 24% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.6/30.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• DSCR +4.8/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

The beachside life is calling. .. and it comes fully furnished! This 2nd-floor 2BR/2BA condo is the definition of prime location, sitting just two blocks from the beach and Jaycee Park boardwalk. Skip the renovations; you have granite counters, tile floors, laundry inside the unit, and a brand new 2025 roof overhead. Sip coffee on your screened patio overlooking the pool, knowing the HOA handles all exterior maintenance, landscaping, and insurance. Whether you want a low-stress permanent residence or a chic vacation getaway, this is hassle-free living at its finest. Just bring your swimsuit!

Key facts

• Screened patio
• Tile floors
• Overlooking the pool

Tags

• GRANITE COUNTERS
• TILE FLOORS
• LAUNDRY INSIDE
• SCREENED PATIO
• OVERLOOKING THE POOL
• NEW ROOF

Property features AI

Finance

• Other: Community features include pool
• Financial info: Pets allowed (limits on number and size)
• HOA & community: Baha Mar Condo Association with monthly dues; Association fee includes common areas, insurance, grounds and structure maintenance, pool(s), reserve fund, roof and trash

Exterior

• Parking: Assigned uncovered parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: 2-story building; Faces west; Attached property
• Construction: Block, concrete and stucco construction
• Exterior features: Balcony; Outdoor shower; Community pool (fenced)

Interior

• Kitchen: Range; Microwave; Dishwasher; Disposal; Refrigerator; Electric water heater
• Bedrooms: Two bedrooms (11x12, 11x15); Additional room 7x12
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric heating; Central electric cooling (Central Air)
• Interior features: Sliding doors; Furnished; Tile flooring
• Laundry & utility: In-unit laundry room with washer and dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $355k.

Deal economics

• At list price, monthly cash flow is $81 ($972/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $355k).
• Recommended offer: $312k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 2.9% in Vero Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#116 in FL, #1,784 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, health & safety A+; Watch: employment D+, amenities D.
• Indian River (other): math 48% / reading 52% proficiency, ranked #35 of 73 in FL (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+11.0%/yr); 498 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• This rent runs 38% of the median local income ($150k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Indian River County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $99k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 206 days — a 12% lower offer ($312k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $45k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $128k; list at $355k implies a 177% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 24% of rent.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $312,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 206 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.32% ✓
• Cap rate: 6.79%
• Cash-on-cash: 1.78%
• DSCR: 1.08
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -6.8%
• Equity multiple: 0.73×
• Total profit: $-26,716
• Equity at exit: $52,932

10-year hold

• IRR: 9.9%
• Equity multiple: 2.00×
• Total profit: $99,741
• Equity at exit: $30,694

Cash invested: $99,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32963

• Rents YoY: 11.0%
• Active inventory: 498
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $4,703 high
• Mortgage (P&I): −$1,862
• Tax from tax record: −$434 /mo · $5,202/yr
• Insurance: −$148
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$1,125
• Vacancy / Maint / Mgmt: −$988
• Net cashflow: $81

Break-even live

Break-even rent $4,601

Max offer price $355,000

Occupancy floor 93%

Sensitivity live

Price	-10% $282	-5% $181	+0% $81	+5% $-20	+10% $-120
Rent	-10% $-291	-5% $-105	+0% $81	+5% $267	+10% $453
Rate	-1.0pp $260	-0.5pp $171	base $81	+0.5pp $-11	+1.0pp $-105

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $88,750
• Closing costs: $10,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4150 Highway A1A #111 Vero Beach, FL	2.0	2.0	1300	$2,600	$2.00	22d	1	0.03mi
4141 Ocean Dr Vero Beach, FL	2.0–3.0	2.0	1200	$3,500	$2.92	14d	4	0.10mi
4019 Silver Palm Dr #8 Vero Beach, FL	2.0	2.5	1460	$3,000	$2.05	22d	1	0.16mi
4009 Silver Palm Dr #3 Vero Beach, FL	2.0	2.5	1430	$5,100	$3.57	22d	1	0.17mi
4026 Silver Palm Dr Vero Beach, FL	2.0	2.0	1200	$3,500	$2.92	14d	1	0.17mi
4049 Ocean Dr Vero Beach, FL	2.0	2.0	1250	$3,750	$3.00	22d	2	0.21mi
4450 Florida A1A Unit 102 Vero Beach, FL	2.0	2.0	1000	$3,900	$3.90	22d	1	0.24mi
4450 Highway A1A #303 Vero Beach, FL	2.0	2.0	1080	$3,500	$3.24	22d	1	0.24mi
4450 Highway A1A #404 Vero Beach, FL	2.0	2.0	1080	$3,499	$3.24	14d	1	0.24mi
3939 Ocean Dr Unit B-407 Vero Beach, FL	3.0	2.0	1700	$7,000	$4.12	22d	1	0.25mi
3939 Ocean Dr Ph 8 Vero Beach, FL	2.0	2.0	1080	$7,500	$6.94	22d	1	0.25mi
3939 Ocean Dr Unit 302B Vero Beach, FL	2.0	2.0	1100	$5,500	$5.00	22d	1	0.27mi
3939 Ocean Dr Unit 401B Vero Beach, FL	2.0	2.0	1130	$2,700	$2.39	22d	1	0.27mi
3939 Ocean Dr Unit 201A Vero Beach, FL	2.0	2.0	1130	$4,000	$3.54	22d	1	0.27mi
3939 Ocean Dr Unit 201B Vero Beach, FL	2.0	2.0	1130	$7,800	$6.90	22d	1	0.27mi
3939 Ocean Dr Unit 405B Vero Beach, FL	2.0	2.0	1130	$6,300	$5.58	22d	1	0.27mi
4600 Highway A1A #409 Vero Beach, FL	2.0	2.0	1725	$7,500	$4.35	22d	1	0.29mi
4600 Highway A1A #507 Vero Beach, FL	2.0	2.0	1400	$5,000	$3.57	22d	1	0.29mi
4601 Highway A1A #103 Vero Beach, FL	2.0	2.0	1600	$2,500	$1.56	22d	1	0.29mi
4601 Highway A1A #202 Vero Beach, FL	2.0	2.0	1440	$3,250	$2.26	22d	1	0.29mi
3816 Mockingbird Dr Vero Beach, FL	3.0	3.0	1600	$13,000	$8.12	22d	1	0.33mi
4800 Highway A1A #116 Vero Beach, FL	2.0	2.0	1822	$3,000	$1.65	22d	1	0.44mi
4800 Highway A1A #207 Vero Beach, FL	2.0	2.0	1850	$7,000	$3.78	22d	1	0.44mi
4800 Highway A1A #506 Vero Beach, FL	2.0	2.0	1850	$4,500	$2.43	22d	1	0.44mi
4834 Bethel Creek Dr Vero Beach, FL	2.0	2.5	1500	$2,900	$1.93	22d	1	0.45mi
4836 Bethel Creek Dr Unit 4836 Vero Beach, FL	2.0	2.5	1650	$3,000	$1.82	14d	1	0.45mi
4890 Bethel Creek Dr #5 Vero Beach, FL	2.0	2.5	1244	$2,200	$1.77	22d	1	0.48mi
3554 Ocean Dr Unit 504N Vero Beach, FL	2.0	2.0	1112	$10,000	$8.99	22d	1	0.55mi
3555 Ocean Dr #203 Vero Beach, FL	2.0	2.0	1175	$3,500	$2.98	22d	1	0.56mi
515 Cypress Rd Vero Beach, FL	2.0	2.0	1600	$3,500	$2.19	22d	1	0.56mi
3554 Ocean Dr #301 Vero Beach, FL	2.0	2.0	1112	$3,700	$3.33	22d	1	0.56mi
3554 Ocean Dr Unit 1202N Vero Beach, FL	2.0	2.0	1112	$12,000	$10.79	14d	1	0.56mi
530 Cypress Rd Vero Beach, FL	3.0	3.0	1677	$8,500	$5.07	14d	1	0.58mi
3554 Ocean Dr Unit 604S Vero Beach, FL	2.0	2.0	1112	$6,500	$5.85	22d	1	0.58mi
3554 Ocean Dr Unit 904S Vero Beach, FL	2.0	2.0	1112	$5,500	$4.95	14d	1	0.58mi
3554 Ocean Dr Unit 701S Vero Beach, FL	2.0	2.0	1112	$3,800	$3.42	22d	1	0.58mi
3554 Ocean Dr Unit 802S Vero Beach, FL	2.0	2.0	1100	$7,500	$6.82	22d	1	0.58mi
3554 Ocean Dr Unit 501S Vero Beach, FL	2.0	2.0	1100	$4,000	$3.64	22d	1	0.58mi
3554 Ocean Dr Unit 402S Vero Beach, FL	2.0	2.0	1112	$5,000	$4.50	22d	1	0.58mi
907 Tropic Dr Vero Beach, FL	3.0	2.0	1830	$10,000	$5.46	22d	1	0.61mi

HOA detail condo

• Monthly dues: $1,125 · $13,500/yr
• Likely covers: landscapingexterior maint.pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 34 events

1. 2026-06-19
   days on market $355,000 Active 206 DOM
2. 2026-06-18
   days on market $355,000 Active 205 DOM
3. 2026-06-17
   days on market $355,000 Active 204 DOM
4. 2026-06-16
   days on market $355,000 Active 203 DOM
5. 2026-06-15
   days on market $355,000 Active 202 DOM
6. 2026-06-14
   days on market $355,000 Active 200 DOM
7. 2026-06-13
   days on market $355,000 Active 199 DOM
8. 2026-06-10
   days on market $355,000 Active 197 DOM
9. 2026-06-09
   days on market $355,000 Active 196 DOM
10. 2026-06-08
    days on market $355,000 Active 195 DOM
11. 2026-06-07
    days on market $355,000 Active 194 DOM
12. 2026-06-05
    days on market $355,000 Active 191 DOM
13. 2026-06-02
    days on market $355,000 Active 189 DOM
14. 2026-06-01
    days on market $355,000 Active 188 DOM
15. 2026-05-31
    days on market $355,000 Active 187 DOM
16. 2026-05-30
    days on market $355,000 Active 186 DOM
17. 2026-05-04
    price $355,000
18. 2026-05-04
    price $355,000
19. 2026-03-02
    price $369,000
20. 2026-03-02
    price $369,000
21. 2026-03-02
    price $369,000
22. 2026-01-19
    price $389,999
23. 2026-01-19
    price $389,999
24. 2026-01-19
    price $389,999
25. 2025-12-03
    listed $399,999 Active
26. 2025-11-24
    listed $399,999 Active
27. 2024-08-05
    price $439,500
28. 2024-07-13
    listed $465,000 Active
29. 2024-06-27
    historical
30. 2011-07-08
    soldstatus $128,000
31. 2011-07-06
    soldstatus $128,000
32. 2004-07-07
    soldstatus $210,000
33. 2002-03-13
    soldstatus $85,000
34. 1998-06-23
    soldstatus $65,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $5,202 · $434/mo
• Projected year-2 tax: $5,202 · $434/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 93% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $56,439
• − Mortgage interest: −$19,886
• − Property taxes: −$5,202
• − Insurance: −$2,572
• − Repairs & maintenance: −$4,515
• − Management: −$4,515
• − HOA: −$13,500
• − Depreciation: −$10,327
• Taxable loss: −$4,079
• Est. tax savings @ 24.0%: +$979
• After-tax cash flow: $1,951/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Indian River
• NCES district ID: 1200930
• Math proficiency: 48% ▼ -9.00%
• Reading proficiency: 52% ▼ -3.00%
• Median HH income: $46,597
• Composite: 42.45/100
• National rank: #3218
• State rank: #35 of 73 in FL

Livability — Vero Beach

• Score: 80/100
• State rank: #116
• US rank: #1784

Category grades

Amenities D Commute A+ Cost of living B Crime A+ Employment D+ Housing B+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vero Beach, FL
• County: Indian River County · 143,738 people
• City population: 98,707
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 15,008
• Household income: $149,923
• Rent vs Own: 4.9% rent · 95.1% own
• Severe rent burden: 119.0

Population outlook (Indian River County) Hauer SSP2

• Today (2025): 165,104 people
• By 2030: 172,869 · +4.7%
• By 2040: 185,640 · +12.4%
• By 2050: 194,465 · +17.8%
• By 2075: 211,115 · +27.9%
• By 2100: 211,781 · +28.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 4% Asian 2%
• Common ancestry: Slovak 5% Lithuanian 4% Italian 3%
• Foreign-born: 9% · Canada
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Indian River

• 2024 margin: Strong R (+27.4) · D 36.0% · R 63.4%
• 2008→2024 swing: -12.5pp toward R · 2008: -14.8pp · 2024: -27.4pp
• All cycles: 2024: R+27.4 2020: R+21.6 2016: R+24.5 2012: R+22.3 2008: R+14.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -180.47%
• Current HPI: 312.0326
• Rent YoY: ▲ 11.04%
• Metro: Sebastian-Vero Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+446.2% since first listed

18 events — show timeline

• 2026-05-04 Price Changed $355,000 RAIRCMLS
• 2026-05-04 Price Changed $355,000 SCMLS
• 2026-03-02 Price Changed $369,000 Beaches MLS
• 2026-03-02 Price Changed $369,000 SCMLS
• 2026-03-02 Price Changed $369,000 RAIRCMLS
• 2026-01-19 Price Changed $389,999 Beaches MLS
• 2026-01-19 Price Changed $389,999 SCMLS
• 2026-01-19 Price Changed $389,999 RAIRCMLS
• 2025-12-03 Listed $399,999 SCMLS
• 2025-11-24 Listed $399,999 RAIRCMLS
• 2024-08-05 Price Changed $439,500 RAIRCMLS
• 2024-07-13 Listed $465,000 RAIRCMLS
• 2024-06-27 Coming Soon — RAIRCMLS
• 2011-07-08 Sold (Public Records) $128,000 Public Records
• 2011-07-06 Sold (MLS) $128,000 RAIRCMLS
• 2004-07-07 Sold (Public Records) $210,000 Public Records
• 2002-03-13 Sold (Public Records) $85,000 Public Records
• 1998-06-23 Sold (Public Records) $65,000 Public Records

Property tax history

+6.2%/yr

Latest (2025): $5,202 · +7.0% YoY. Source: county tax records.