03/15/2018 ISSUE 11

Your Vero Beach Newsweekly ™ Vero Beach 32963 / March 15, 2018 101

REAL ESTATE

Here are some of the top recent barrier island sales.

Subdivision: Seasons, Address: 9140 Seasons Terrace Subdivision: Castaway Cove, Address: 1042 Near Ocean Drive

Listing Date: 11/5/2017 Listing Date: 12/12/2017
Original Price: $649,900 Original Price: $734,900
Recent Price: $649,900 Recent Price: $730,500
Sold: 3/5/2018 Sold: 3/5/2018
Selling Price: $620,000 Selling Price: $715,000
Listing Agent: Judith Freni Listing Agent: Bill Carroll

Selling Agent: Alex MacWilliam, Inc. Selling Agent: RE/MAX Classic

Laura Webb Craig Von Kohorn

Treasure Coast Sotheby’s Intl Alex MacWilliam, Inc.

Subdivision: Robles Del Mar, Address: 5601 Highway A1A, #102 Subdivision: Sea Oaks, Address: 1300 Palmetto Court, #109

Listing Date: 3/6/2017 Listing Date: 6/6/2016
Original Price: $299,000 Original Price: $269,000
Recent Price: $225,000 Recent Price: $229,000
Sold: 2/28/2018 Sold: 2/27/2018
Selling Price: $205,000 Selling Price: $222,000
Listing Agent: Hope & Glen Brovont Listing Agent: Fran Smyrk

Selling Agent: Dale Sorensen Real Estate Inc. Selling Agent: Treasure Coast Sotheby’s Intl

Erika Ross Josh Waldrop

The Moorings Realty Sales Co. Dale Sorensen Real Estate Inc.

SallyWoods
PROFESSIONALISM
I N T E G R I T Y ~ R E S U LT S

RIVER CLUB AT CARLTON CASTAWAY COVE THE SHORES

Elegant 3BR/4BA lake view home, beautiful architectural Stunning 4BR/3BA home on corner lot across from the river Beautiful lakefront building lot in the picturesque gated
details, screened pool & spa, gated & guarded community w/fireplace, screened patio/pool, walk to beach access enclave of estate homes, over ½ acre with a fabulous view
$599,000
Last Asking Price $849,000 $310,000

Y our satisfaction is my highest goal, real estate is a lasting relationship.

direct 772.492.5333 | cell 772.538.1861 | [email protected] | www.sallywoods.com

102 Vero Beach 32963 / March 15, 2018 Your Vero Beach Newsweekly ™

CONTINUED FROM PAGE 99 REAL ESTATE

At the top: paying off credit-card ing home-equity dollars: paying off
bills and other personal debts. This is student loans.
potentially a big deal for some owners
because, in past years, debt consoli- Although the IRS didn’t specify
dation – rolling credit-card balances them, other once-popular uses for
and other high-interest-rate personal equity cash that no longer will qual-
expenses together into a single, lower- ify for write-offs are auto purchases,
cost loan – was an important finan- vacation travel expenses and buy-
cial strategy for many families. You ing home furnishings. All these were
can still do debt consolidations with commonplace during the home-eq-
equity loans – you just can’t write off uity borrowing binge of 2004 to 2006,
the interest. just before the market came tumbling
down.
Another major use that is now cut
off from interest deductions when us- Some good news: You don’t have
to spend 100 percent of your HELOC

3BR/3BA POOL HOME - CASTAWAY COVE WAVE IV

Call for Appointment: (772) 453-2757 Completely Renovated 2017
Email: [email protected] Eat in Kitchen

Quartz Countertops
1st Floor Master Suite
Generous Closet Space
Wide Plank Oak Flooring

Fireplace
Dual Zone, High Efficiency A/C

Solar Heated Pool
Metal Roof
Corner Lot

4% Broker Cooperation
MLS number 201038

First Time Listed - $640,000

Your Vero Beach Newsweekly ™ Vero Beach 32963 / March 15, 2018 103

cash on home improvements, according to Greg REAL ESTATE
A. Rosica, a tax partner with Ernst & Young, the
national accounting firm. You can buy or do other via a HELOC this year. You spend $80,000 on a new
things with the money; you just can’t deduct the roof and master bath. You spend the other $20,000
interest you pay on them. to pay off student loans. Under IRS allocation rules,
you can write off interest on the $80,000 you spend
Quick example: Say you own a $500,000 house on home improvements – four-fifths of the total.
with a $300,000 first mortgage. You borrow $100,000 But interest payments on the student loans are not
deductible. 