Eric Chery
$9,900,0005 bd4.5 ba7,687 sqft$1,288 /sqft$65,445 /mo all-in ↓

716 REEF ROAD, VERO BEACH, FL, 32963

Active94 days on marketListed Apr 20, 2026MLS #G5111290

WaterfrontPrivate poolSingle Family ResidenceFLORALTON BEACH SUB 1

About this home

716 REEF ROAD

The ocean does all the talking here !! Come and experience this extraordinary opportunity to own a rare, direct oceanfront estate where timeless architecture meets unobstructed coastal views. The home offers panoramic ocean views from both upstairs and downstairs. The home has been thoughtfully designed with expansive living spaces, walls of glass, and refined finishes which captures the essence of luxury living by the sea. With sweeping views, immediate beach access, and a setting that cannot be replicated, the property is ideal for those seeking a private coastal home in an unparalleled location. The home was built in 2010, with approximately 7,000 square feet of living space. The existing roof was fully replaced with a new metal roof in February 2026. The home offers five bedrooms, five bathrooms, and one half bath. Large open living areas flow from one space to another, with an abundance of natural light. There is an elevator connecting the floors, making access between levels easy and seamless. The flooring is wood and marble with beautiful French doors facing the ocean. The chef friendly kitchen is equipped with a large kitchen island and pantry. In addition to an eat-in kitchen area, there's a distinct formal dining space for dinners with guests. The five bedrooms are large with walk-in closets and built-in shelving. The bathrooms have marble and custom tile. The primary bathroom has separate showers with elegant fixtures. The home also offers an unfinished bonus room with air conditioning already installed. The new owners can add their personal touch to this one thousand square foot area for a private studio, office or game room. The pool area and backyard are absolutely stunning and one hundred and sixty four feet of private ocean frontage awaits the lucky buyers. Simply put, this property delivers space, privacy, and oceanfront presence at a level few homes can match. Bring your buyers for a showing, they will definitely thank you !!

Facts & features

The home at a glance

5

Bedrooms

4.5

Bathrooms

7,687

Sqft

1.75 ac

Lot size

4

Garage

1954

Year built

Two

Levels

$1,288

Per sqft

Private poolWaterfrontFireplaceGarden & Pool & Water viewPets allowed

Inside

FlooringMarble · Hardwood
AppliancesBuilt-In Oven · Cooktop · Dishwasher · Disposal · Dryer · Electric Water Heater · Freezer · Ice Maker · Range · Refrigerator · Washer
InteriorBuilt-in Features · Cathedral Ceiling(s) · Ceiling Fan(s) · Crown Molding · Eating Space In Kitchen · Elevator · High Ceilings · L Dining · Open Floorplan · PrimaryBedroom Upstairs · Solid Surface Counters · Solid Wood Cabinets · Stone Counters · Thermostat · Tray Ceiling(s) · Walk-In Closet(s) · Window Treatments
LaundryElectric Dryer Hookup · Inside · Laundry Room
CoolingCentral Air
HeatingElectric

Outside & construction

RoofMetal
ConstructionBlock · Concrete · Stucco
FoundationBlock · Concrete Perimeter
ViewGarden · Pool · Water
FacesWest
ParkingCovered · Driveway · Garage Door Opener · Ground Level · On Street · Oversized · Under Building
ExteriorBalcony · French Doors · Outdoor Shower · Private Yard

Community & fees

HOA fee$54/mo
Taxes (2025)$97,183/yr
PetsYes
CommunityWater Access · Deed Restrictions

Utilities & systems

UtilitiesPhone Available · Public · Sprinkler Well · Water Connected
WaterPublic · Well

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.

$65,445 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$53,420
PMI (est., until 20% equity)$3,713
Property tax — 2025 actual bill$8,099
HOA fee — from the listing$54
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $990,000Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $990,000
Interest rate6.00%
Loan term

Estimated payment

$65,445/mo

Principal & interest$53,420
PMI (est., until 20% equity)$3,713
Property taxes (actual bill)$8,099
HOA / condo fee$54
Est. insurance$160

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

$1,288 vs $245

Days on market

94 vs 30 typical

Where $1,288/sqft sits among the 400 Vero Beach actives

296
49
24
14
9
8 · this home
$137–329$329–521$521–712$712–904$904–1096$1096+

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.

Where it sits

Inside Floralton Beach

Map of 716 REEF ROAD inside its neighborhood boundary

Get to know Vero Beach. See the full Vero Beach guide →

Floralton Beach — neighborhood snapshot

Population

590

Median age

69

Median income

$196,250

Median home value

$779,400

Avg household

2

For the school run

Indian River County School District

ElementaryBeachland Elementary School★★★★
HighVero Beach High School★★★★★
MiddleGifford Middle School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Vero Beach market

Seller’s marketLeans seller4.0 months of inventoryBuyer’s market

$330K$412K

Vero Beach median sold, yr/yr

98.0%

Sale-to-list ratio (12 mo)

61 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 891% above the VERO BEACH 32963 median. See the full Vero Beach market guide →

Paper trail

This home's history

Apr 20, 2026Listed at $9,900,000 · 94 days on market since
1954Built · FLORALTON BEACH SUB 1

Reality check

What actually sold near 716 REEF ROAD

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

Nearby listingSold · Jun ’26

$1,850,000

Nearby listing

5 bd · 4 ba · 5,066 sqft · $365/sqft · 95 DOM

166 Ocean Way, Vero Beach FL 32963Sold · May ’26

$4,400,000

166 Ocean Way, Vero Beach FL 32963

4 bd · 5.5 ba · 4,259 sqft · $1,033/sqft · 182 DOM

1015 Treasure Ln, Vero Beach FL 32963Sold · Dec ’25

$1,200,000

1015 Treasure Ln, Vero Beach FL 32963

4 bd · 3 ba · 2,794 sqft · $429/sqft · 51 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.

Eric Chery

Your agent

Eric Chery

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 716 REEF ROAD — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 716 REEF ROAD — before you fall in love.

See it in person

Schedule a tour

Pick a day that works — this goes straight to Eric's phone and CRM.

Goes straight to Eric’s phone and CRM.

Straight answers

716 REEF ROAD FAQs

What would the monthly payment be for 716 REEF ROAD?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $65,445/mo — principal and interest, the actual property-tax bill, the $54/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 716 REEF ROAD?+

The association fee works out to $54 per month. Ask us for the full association documents — they spell out exactly what the fee covers.

What are the property taxes on 716 REEF ROAD?+

The most recent tax bill on record (2025) was $97,183. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 716 REEF ROAD?+

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 $9,900,000, this home is listed about 2855% 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 716 REEF ROAD?+

Beachland Elementary School (elementary), Vero Beach High School (high), Gifford Middle School (middle) — Indian River County School District. Always verify school assignments with the district before relying on them.

The brief

Four things that matter here

01Positioned at the premium end

$9,900,000 runs 891% above the VERO BEACH 32963 median — but at 7,687 sqft it's also nearly 5 times the size of the typical Vero Beach listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Time on market is leverage

94 days on market against a Vero Beach median of 30 — sellers in this position are usually ready to negotiate.

04Strong assigned schools

Beachland Elementary School, Vero Beach High School, Gifford Middle School — Beachland Elementary School rates 4 of 5. Always verify assignments with the district.

Listing courtesy of ENGEL & VOLKERS CLERMONT · Michelle Bustamante. MLS #G5111290.

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 Stellar MLS.

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