1601 Ocean Drive $11,750,000


    1601 Ocean Drive Vero Beach, FL 32963

    • 0.93 Acres
    • Commercial
    • MLS# RX-10753111
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    Views: 716 Days On Site: 256

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    Property Details

    Description Tours

    Compass Commercial is pleased to present the rare opportunity to acquire a high-performing boutique hotel in one of Florida's most coveted real estate markets. The Caribbean Court Boutique Hotel features 18 well-appointed guest rooms, including a third-party restaurant, piano bar and lounge, pool area and patio - all situated in an idyllic setting, 100' from the beach on the barrier island in Vero Beach, home to white sandy beaches and some of the most desirable real estate in the country. The Resort is conveniently located at Ocean Drive and the 17th Street Causeway, a direct route to mainland grocery, dining, hospital and retail stores.

    • General Features
      • County Indian River
      • Sale Includes Building and Land,Equipment,Fixtures,Furniture,Inventory,License,Machinery,Signs,Tools,Trade Name
      • Tenant Pays Electric,Insurance,Taxes,Water
      • Type Hotel-Motel
      • Zoning C-1A
      • Use Hotel/ Motel,Income,Mixed
      • Year Built 1985
    • Building Features
      • # of Stories 2.0
      • % Air Conditioned 100.00
      • Baths - # Toilets 25.00
      • Building Info Num of Offices 1
      • Cooling Central Individual
      • Fire Protect Smoke Alarm
      • Flooring Concrete,Terrazzo Floor,Tile
      • Heating Central Individual
      • Roof Comp Rolled,Metal
      • Total Building SqFt 12566.00
      • Type of Building Commercial,Hotel / Motel,Income,Lounge,Special Purpose
    • Property Features
      • Acres 0.93
      • Building Info: Miles to Beach 8
      • Property Desc OCEAN CORPORATION SU
      • Utilities Cable,Electric,Public Sewer,Public Water


    Jim Goldsmith

    Jim Goldsmith

    Managing Broker

    Downtown Office

    Cell: 772-473-6418


    32963 (Vero Beach) Demographics

    69 Median Age
    369 Population Density (per sq. mile)
    75% College Educated
    $112,755 Estimated Median Income
    6,784 Estimated Total Home Owners
    492 Estimated Total Renters
    93% / 7% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    15,027 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,200,000 Median Sales Price
    51 Homes Sold
    83 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $11,750,000
        2/14/2022 1:38:56 PM Price Increased Source: Multiple Listing Service New Value: $11,750,000 20.51%
        10/19/2021 1:39:00 PM New in Database Source: Multiple Listing Service New Value: $9,750,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.