1634 Baseline Ln · Gifford, FL 32967

$399,000

3 bd · 3.0 ba · 2,271 sqft · Condo public records · 25 Days on market

Built 2007 $533/mo HOA · 13% of rent

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Why this score? — see what drove the D 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 +11.6/30.0
• ARV discount +7.5/15.0
• 1% rule +5.2/10.0
• Schools +4.2/10.0
• DSCR +3.4/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Villa life at The Boulevard means Har-Tru clay courts, padel, a pool, fitness center, & on-site restaurant all within one of Vero's most active racquet communities. Spacious with modern design, this turnkey home features gorgeous architecture, vaulted ceilings, and a 2-story living space drenched in sunlight. The 1st floor primary suite is a spa-like retreat w/ coastal tile, dual vanities, & relaxing tub. European wood floors, warm wood accent wall, stylish island kitchen w/ granite counters. After a day on the courts, enjoy cocktails on the screened porch & paver patio overlooking the lake.

Key facts

• Turn-key villa
• Clubhouse
• Screened porch

Tags

• TURN-KEY VILLA
• SCREENED PORCH
• PAVER PATIO
• TENNIS AND PADEL COMMUNITY
• HAR-TRU CLAY COURTS
• CLUBHOUSE

Property features AI

Finance

• Financial info: Pets allowed with limits
• HOA & community: Association: Beacon Mgmt; Association fee $533 monthly (dues paid quarterly); HOA covers common areas, insurance, grounds & structure maintenance, pest control, recreation facilities, reserve fund and trash; Community amenities include clubhouse, fitness center, on-site property manager, sidewalks, tennis courts and community pool

Exterior

• Parking: Attached garage; Two garage spaces; Driveway
• Utilities: Public water; County sewer
• Home design: Two-story home; Attached property; Faces west
• Construction: Block, concrete and stucco construction; Shingle roof
• Exterior features: Enclosed porch; Screened porch; Patio; Rain gutters; Paved road access; Few trees on lot; Lake/pond waterfront; Has view (west-facing)

Interior

• Kitchen: Refrigerator; Range; Microwave; Dishwasher; Disposal; Pantry
• Bedrooms: Three bedrooms (sizes include 11x11, 13x11, 15x12); Den (15x12)
• Flooring: Wood; Tile; Carpet
• Bathrooms: Three full bathrooms; One half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans; One cooling unit
• Interior features: Blinds and window treatments; Single-hung windows; Sliding doors; High ceilings and vaulted ceilings; Closet cabinetry; Pantry; Garden/roman tub; Bathtub; Split bedroom layout; Furnished
• Laundry & utility: Washer and dryer in unit; Laundry closet on lower level; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath condo listed at $399k.

Deal economics

• At list price, monthly cash flow is $-122 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $377k (5.4% below list).
• Meets the 1% rule at list price ($4k rent vs $399k).
• Recommended offer: $377k (5.4% below list) — sets the bar for cash-flow.
• Cap rate 5.9% vs local median 3.0% in Gifford — 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 68/100 on livability (#538 in FL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A; Watch: schools D+, amenities F, employment F.
• 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 soft (-1.2%/yr); 612 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• At $4,076/mo this rent would consume 63% of the median local household income ($78k/yr) (locally 674% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k 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.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($393k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 8y ago; this cycle's ask has dropped $26k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $326k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $377,428 (5.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 1.02% ✓
• Cap rate: 5.93%
• Cash-on-cash: -1.31%
• DSCR: 0.94
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -22.5%
• Equity multiple: 0.25×
• Total profit: $-83,956
• Equity at exit: $59,492

10-year hold

• IRR: -30.3%
• Equity multiple: -0.14×
• Total profit: $-127,571
• Equity at exit: $34,498

Cash invested: $111,720 (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 32967

• Home prices YoY: -24.4%
• Rents YoY: -1.2%
• Active inventory: 612
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $4,076 high
• Mortgage (P&I): −$2,092
• Tax from tax record: −$550 /mo · $6,601/yr
• Insurance: −$166
• HOA: −$533
• Vacancy / Maint / Mgmt: −$856
• Net cashflow: $-122

Break-even live

Break-even rent $4,230

Max offer price $377,428

Occupancy floor 98%

Sensitivity live

Price	-10% $104	-5% $-9	+0% $-122	+5% $-235	+10% $-348
Rent	-10% $-444	-5% $-283	+0% $-122	+5% $39	+10% $200
Rate	-1.0pp $79	-0.5pp $-21	base $-122	+0.5pp $-226	+1.0pp $-331

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: $99,750
• Closing costs: $11,970
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1638 Baseline Ln Vero Beach, FL	3.0	2.5	1766	$4,500	$2.55	22d	1	0.02mi
4335 Baseline Dr Vero Beach, FL	3.0	2.5	1932	$5,500	$2.85	22d	1	0.06mi
1875 Bridgepointe Cir #33 Vero Beach, FL	3.0	3.5	2146	$2,700	$1.26	22d	1	0.34mi
1156 Haven Cir Vero Beach, FL	3.0	3.0	2239	$4,500	$2.01	22d	1	0.37mi
2030 Bridgepointe Cir #112 Vero Beach, FL	3.0	3.5	2597	$4,250	$1.64	14d	1	0.45mi
2010 Bridgepointe Cir Unit 102 Vero Beach, FL	3.0	3.0	1774	$5,000	$2.82	22d	1	0.46mi
1945 Bridgepointe Cir #68 Vero Beach, FL	2.0	2.5	2145	$3,650	$1.70	22d	1	0.48mi
2025 Bridgepointe Cir #118 Vero Beach, FL	3.0	2.5	1702	$3,450	$2.03	14d	1	0.48mi
1965 Bridgepointe Cir #84 Vero Beach, FL	3.0	3.5	2156	$2,800	$1.30	22d	1	0.51mi
4781 S Newport Island Dr Vero Beach, FL	2.0	2.5	1897	$12,000	$6.33	22d	1	0.56mi
2159 Falls Mnr Vero Beach, FL	3.0	2.5	1950	$4,500	$2.31	22d	1	0.71mi
4791 S Newport Island Dr Vero Beach, FL	3.0	2.5	2026	$15,000	$7.40	14d	1	0.72mi
3901 Coast View Pointe Unit C2 Vero Beach, FL	3.0	2.0	1576	$3,526	$2.24	14d	1	0.73mi
5045 Fairways Cir Unit D101 Vero Beach, FL	3.0	2.0	1848	$2,200	$1.19	14d	1	0.91mi
1345 Saint Davids Ln Vero Beach, FL	2.0	2.5	1581	$4,000	$2.53	22d	1	1.03mi
5225 E Harbor Village Dr #303 Vero Beach, FL	3.0	2.0	1582	$13,000	$8.22	22d	1	1.21mi
5545 E Harbor Village Dr Vero Beach, FL	3.0	3.0	1967	$10,000	$5.08	22d	1	1.50mi

HOA detail condo

• Monthly dues: $533 · $6,396/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 45 events

1. 2026-06-19
   days on market $399,000 Active 25 DOM
2. 2026-06-18
   days on market $399,000 Active 24 DOM
3. 2026-06-17
   remarks 602-char remark
4. 2026-06-17
   days on market $399,000 Active 23 DOM
5. 2026-06-16
   days on market $399,000 Active 22 DOM
6. 2026-06-15
   days on marketlisting id $399,000 Active 21 DOM
7. 2026-06-15
   days on market $399,000 Active 122 DOM
8. 2026-06-14
   days on market $399,000 Active 120 DOM
9. 2026-06-13
   days on market $399,000 Active 119 DOM
10. 2026-06-10
    days on market $399,000 Active 117 DOM
11. 2026-06-09
    days on market $399,000 Active 116 DOM
12. 2026-06-08
    days on market $399,000 Active 115 DOM
13. 2026-06-07
    days on market $399,000 Active 114 DOM
14. 2026-06-05
    days on market $399,000 Active 111 DOM
15. 2026-06-02
    days on market $399,000 Active 109 DOM
16. 2026-06-01
    days on market $399,000 Active 108 DOM
17. 2026-05-31
    days on market $399,000 Active 107 DOM
18. 2026-05-30
    days on market $399,000 Active 106 DOM
19. 2026-05-01
    price $399,000
20. 2026-05-01
    price $399,000
21. 2026-02-18
    listed $425,000 Active
22. 2026-02-13
    listed $425,000 Active
23. 2026-02-05
    historical $425,000
24. 2026-02-02
    historical $2,900
25. 2026-01-22
    price $2,900
26. 2025-10-09
    price $425,000
27. 2025-08-20
    price $3,000
28. 2025-08-19
    price $475,000
29. 2025-06-27
    listed $3,500
30. 2025-03-12
    listed $525,000 Active
31. 2021-06-14
    soldstatus $326,000
32. 2021-06-10
    soldstatus $326,000 Closed
33. 2021-06-10
    soldstatus $326,000 Closed
34. 2021-04-26
    status Pending
35. 2021-04-26
    historical Active Under Contract
36. 2021-04-23
    price $330,000
37. 2021-04-23
    price $330,000
38. 2021-01-06
    listed $350,000 Active
39. 2021-01-05
    listed $350,000 Active
40. 2018-06-21
    historical
41. 2018-06-19
    historical
42. 2018-04-16
    price $380,000
43. 2018-04-16
    price $380,000
44. 2018-02-26
    listed $400,000 Active
45. 2018-02-25
    listed $400,000 Active

ⓘ 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: $6,601 · $550/mo
• Projected year-2 tax: $6,601 · $550/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 6/10 Major FEMA zone X (unshaded) · 65% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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: $48,906
• − Mortgage interest: −$22,350
• − Property taxes: −$6,601
• − Insurance: −$1,995
• − Repairs & maintenance: −$3,912
• − Management: −$3,912
• − HOA: −$6,396
• − Depreciation: −$11,607
• Taxable loss: −$7,869
• Est. tax savings @ 24.0%: +$1,888
• After-tax cash flow: $423/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 — Gifford

• Score: 68/100
• State rank: #538
• US rank: #10083

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Indian River County · 143,738 people
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 27,240
• Household income: $78,058
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 674.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 60% Black 17% Two or more races 16% Hispanic / Latino 15%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 2% Salvadoran 2%
• Common ancestry: Romanian 3% Hispanic 3% Lithuanian 3%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 9% French/Haitian/Cajun 3% Russian/Polish/Slavic 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: ▼ -91.34%
• Current HPI: 282.6156
• Rent YoY: ▼ -1.16%
• 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

-0.2% since first listed

27 events — show timeline

• 2026-05-01 Price Changed $399,000 SCMLS
• 2026-05-01 Price Changed $399,000 RAIRCMLS
• 2026-02-18 Listed $425,000 SCMLS
• 2026-02-13 Listed $425,000 RAIRCMLS
• 2026-02-05 Coming Soon $425,000 RAIRCMLS
• 2026-02-02 Rental Removed $2,900 RAIRCMLS
• 2026-01-22 Price Changed $2,900 RAIRCMLS
• 2025-10-09 Price Changed $425,000 RAIRCMLS
• 2025-08-20 Price Changed $3,000 RAIRCMLS
• 2025-08-19 Price Changed $475,000 RAIRCMLS
• 2025-06-27 Listed for Rent $3,500 RAIRCMLS
• 2025-03-12 Listed $525,000 RAIRCMLS
• 2021-06-14 Sold (Public Records) $326,000 Public Records
• 2021-06-10 Sold (MLS) $326,000 RAIRCMLS
• 2021-06-10 Sold (MLS) $326,000 Beaches MLS
• 2021-04-26 Pending — Beaches MLS
• 2021-04-26 Contingent — RAIRCMLS
• 2021-04-23 Price Changed $330,000 Beaches MLS
• 2021-04-23 Price Changed $330,000 RAIRCMLS
• 2021-01-06 Listed $350,000 Beaches MLS
• 2021-01-05 Listed $350,000 RAIRCMLS
• 2018-06-21 Delisted — RAIRCMLS
• 2018-06-19 Listing Removed — Beaches MLS
• 2018-04-16 Price Changed $380,000 RAIRCMLS
• 2018-04-16 Price Changed $380,000 Beaches MLS
• 2018-02-26 Listed $400,000 RAIRCMLS
• 2018-02-25 Listed $400,000 Beaches MLS

Property tax history

+8.9%/yr

Latest (2025): $6,601 · +5.4% YoY. Source: county tax records.