692 Ocean Rd, Vero Beach, FL 32963

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For Sale: $15,995,000

Price Cut (Mar 26): -$1,000,000

Zestimate®: $11,722,043

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Description
John's Island Oceanfront Vero Beach, Florida A blissful seaside paradise awaits in the timeless beauty of this recently built masterpiece gracing one of the largest oceanfront properties of John's Island. Blue waters sparkling under the warm Florida sun, palm fronds swaying in the gentle breeze, and the lush privacy of 2.27+/- sprawling acres ? these are the idyllic surroundings of one of the finest oceanfront estates in John's Island, a renowned private resort community on Vero Beach's barrier island. Hidden away at the end of a cul-de-sac, a winding palm-lined drive unfolds to this timeless Georgian-inspired masterwork built in 2007, designed by award-winning Jackson Kirschner Architects and crafted by Island Building Company. Inside the welcoming foyer, views over the pool and ocean sweep through the grand two-story living room, the impressive focus of the light-filled floor-plan totaling more than 14,000+/- square feet, flowing in the graceful progression of the architecture's classic symmetry. Relaxed elegance carries through the exquisite interiors impeccably styled by acclaimed Palm Beach designer Jack Fhillips in a serene palette drawn from the seashore's natural hues. Plentiful French doors bring expansive seascapes into nearly every room, and open onto terraces and balconies spanning the oceanside exposure. A perfect expression of design in harmony with its natural surroundings, this absolutely stunning oceanfront estate epitomizes the allure of John's Island. Location Ocean Road, Vero Beach, Florida. One of the top 100 Platinum Clubs of America, John's Island is a prestigious gated community offering a casual yet sophisticated lifestyle amid 1,650+/- splendorous acres between the Atlantic Ocean and Intracoastal Waterway. World-class amenities include 3 spectacular 18-hole championship golf courses, 2 magnificent clubhouses, an oceanfront Beach Club, 3+/- miles of private-access beaches, a tennis facility, and fitness center. Vero Beach's charming seaside downtown area is only a short drive away. Property Fronting 93+/- feet on the ocean, this breathtaking Vero Beach paradise resides on one of the largest oceanfront properties of John's Island. Lush landscaping secludes the perimeter of the carefully groomed 2.27+/- acre grounds featuring a private dune walkway to the beach. Beguiling ocean views are the focus of the multiple covered patios and balconies as well as the expansive sun deck and heated pool. A summer kitchen serves outdoor entertaining. Residence Attention to detail hallmarks this classic Georgian-inspired residence in a generous floor-plan totaling 14,678+/- square feet with elevator, impact-glass windows and exterior doors, 5 bedrooms, 6 full and 2 half baths, and side-entry 4-bay garage connected by a colonnaded walkway. Special amenities include comprehensive home automation and security systems. Most main-level rooms are finished with Turkish limestone floors. Twelve-foot first-floor ceilings include coffered and vaulted treatments, with 10-to-12-foot ceilings upstairs. There are detailed moldings and custom window treatments throughout. Beautiful furnishings complementing the understatedly elegant décor are additionally available. First Floor: From the covered, double-door entry, the foyer transitions into the dramatic view-filled 2-story living room, framed by classic pillars and anchored by a stately gas/wood-burning fireplace. From the open music room and well-equipped full-service bar adjacent, French doors flow onto the oceanfront terraces by the pool. A Palladian window illumines the vaulted formal dining room. Seamlessly blending stunning style and functionality, the light-flooded gourmet kitchen includes white- and wood-toned cabinetry, black granite and white marble counters, a Viking range with double ovens, dual Viking refrigerators/freezers, dual dishwashers, and a butler's pantry with wine cooler. View-filled French doors open the breakfast area and family room to the oceanfront terrac  MoreLess
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$11,722,043
-$2,776,583 Last 30 daysd
$5.51M
$15.8M
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$6,926/mo
+$0 Last 30 daysd
$3.3K
$14K
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Neighborhood for 692 Ocean Road

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Among 32963 homes, this home is 3269.5% more expensive than the midpoint (median) home, and is priced 351.4% more per square foot. Foreclosures will be a factor impacting home values in the next several years. In the 32963 market, the number of foreclosures waiting to be sold fell 23.7% in the last year. The number of unsold foreclosures is 75% higher than in Indian River Shores, and 36.8% less than the national average. This higher local number may prevent 32963 home values from rising as quickly as other regions in Indian River Shores.

Learn more about forecast calculations or 32963 home values.
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