Beautifully updated 3BR/2.5BA home in the Isles at Waterway Village with peaceful water and preserve views. Features impact windows/doors, crown molding, custom built-ins, and a stylish kitchen with quartz counters and stainless appliances. Spacious primary suite offers a walk-in closet/safe room. Enjoy serene mornings overlooking protected wetlands. Gated community with sidewalks, resort-style pool, fitness center, tennis, and pickleball. Impeccably maintained and move-in ready in a prime Vero Beach location!
For sale
Price cut: $5.1K (11/6)
$579,900
5151 Formosa Cir, Vero Beach, FL 32967
3beds
1,983sqft
Est.:
Single Family Residence
Built in 2011
6,969.6 Square Feet Lot
$561,800 Zestimate®
$292/sqft
$476/mo HOA
What's special
Resort-style poolGated community with sidewalksCustom built-insSpacious primary suiteCrown molding
- 210 days |
- 250 |
- 1 |
Zillow last checked: 8 hours ago
Listing updated: December 06, 2025 at 10:15pm
Listed by:
Peter John Marini III 772-473-6596,
Keller Williams Realty of VB,
Brenda Durwin 772-538-1116,
Keller Williams Realty of VB
Source: Realtor Association of Indian River County,MLS#: 288101
Originating MLS: Indian River
Originating MLS: Indian RiverTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Dimensions: 17x15
Bedroom
- Dimensions: 12x12
Bedroom
- Dimensions: 12x12
Den
- Dimensions: 13x11
Kitchen
- Dimensions: 13x11
Living room
- Dimensions: 24x16
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
- Laundry: In Unit
Features
- Crown Molding, High Ceilings, Walk-In Closet(s)
- Flooring: Tile, Wood
- Doors: Sliding Doors
Interior area
- Total interior livable area: 1,983 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Screened
- Pool features: Pool, Community
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake, Pond
Lot
- Size: 6,969.6 Square Feet
- Dimensions: 42 x 135
- Features: < 1/4 Acre
Details
- Parcel number: 32392100011000000360.0
- Zoning: ,
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Stucco
- Roof: Tile
Condition
- New construction: No
- Year built: 2011
Utilities & green energy
- Sewer: County Sewer
- Water: Public
Community & HOA
Community
- Features: Clubhouse, Fitness, Other, Park, Sidewalks, Tennis Court(s), Pool
- Security: Gated Community, Smoke Detector(s)
- Subdivision: Isles at Waterway Village
HOA
- Has HOA: Yes
- Amenities included: Dues Paid Monthly
- Services included: Common Areas, Maintenance Grounds, Recreation Facilities, Reserve Fund, Security
- HOA fee: $476 monthly
- HOA name: AR Choice
Location
- Region: Vero Beach
Financial & listing details
- Price per square foot: $292/sqft
- Tax assessed value: $440,356
- Annual tax amount: $5,417
- Date on market: 5/15/2025
- Listing terms: Cash,FHA,New Loan,VA Loan
- Ownership: Single Family/Other
Estimated market value
$561,800
$534,000 - $590,000
$3,520/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/6/2025 | Price change | $579,900-0.9%$292/sqft |
Source:  Realtor Association of Indian River County #288101 Report a problem | ||
| 9/26/2025 | Price change | $584,999-2.3%$295/sqft |
Source: Realtor Association of Indian River County #288101 Report a problem | ||
| 6/13/2025 | Price change | $599,000-2.6%$302/sqft |
Source: Realtor Association of Indian River County #288101 Report a problem | ||
| 5/17/2025 | Listed for sale | $615,000-1.6%$310/sqft |
Source: Realtor Association of Indian River County #288101 Report a problem | ||
| 4/24/2025 | Listing removed | $625,000$315/sqft |
Source: Realtor Association of Indian River County #282305 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,417 +4.5% | $411,333 +3% |
| 2023 | $5,184 +13.9% | $399,352 +10.2% |
| 2022 | $4,551 +6.4% | $362,258 +12.2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,105/mo
Principal & interest
$2740
Property taxes
$686
Other costs
$679
Climate risks
Neighborhood: 32967
Nearby schools
GreatSchools rating
- 6/10Dodgertown Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 7/10Storm Grove Middle SchoolGrades: 6-8Distance: 1.3 mi
- 5/10Sebastian River High SchoolGrades: 9-12Distance: 6.7 mi
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