02/22/2018 ISSUE 08

Your Vero Beach Newsweekly ™ Vero Beach 32963 / February 22, 2018 101

REAL ESTATE

Here are some of the top recent barrier island sales.

Subdivision: Island Club of Vero, Address: 945 Island Club Place Subdivision: Sea Oaks, Address: 8770 W Orchid Island Circle

Listing Date: 11/27/2017 Listing Date: 12/4/2017
Original Price: $519,900 Original Price: $695,000
Recent Price: $519,900 Recent Price: $695,000
Sold: 2/15/2018 Sold: 2/12/2018
Selling Price: $500,000 Selling Price: $695,000
Listing Agent: Debbie Bell Listing Agent: Elizabeth Sorensen

Selling Agent: Berkshire Hathaway Florida Selling Agent: Dale Sorensen Real Estate Inc.

Linda Riley John Drnec

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

Subdivision: Palm Isl Plantation, Address: 204 Coconut Creek Court Subdivision: Riomar Bay, Address: 529 Bay Drive

Listing Date: 11/15/2017 Listing Date: 11/22/2017
Original Price: $1,295,000 Original Price: $4,750,000
Recent Price: $1,295,000 Recent Price: $4,750,000
Sold: 2/14/2018 Sold: 2/9/2018
Selling Price: $1,200,000 Selling Price: $4,257,500
Listing Agent: Lucy Hendricks Listing Agent: Matilde Sorensen

Selling Agent: Berkshire Hathaway Florida Selling Agent: Dale Sorensen Real Estate Inc.

John Stringer Matilde Sorensen

Alex MacWilliam, Inc. Dale Sorensen Real Estate Inc.

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$855,000

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102 Vero Beach 32963 / February 22, 2018 Your Vero Beach Newsweekly ™

REAL ESTATE

Here are some of the top recent barrier island sales.

Subdivision: Orchid Island, Address: 345 Cathedral Oaks Drive Subdivision: Sea Oaks, Address: 8866 N Sea Oaks Way, #202

Listing Date: 11/30/2017 Listing Date: 12/12/2017
Original Price: $649,000 Original Price: $739,000
Recent Price: $649,000 Recent Price: $739,000
Sold: 2/9/2018 Sold: 2/15/2018
Selling Price: $610,000 Selling Price: $680,000
Listing Agent: Charlotte Terry Listing Agent: John Drnec

Selling Agent: Alex MacWilliam, Inc. Selling Agent: Dale Sorensen Real Estate Inc.

Lori Davis Josh Waldrop

Dale Sorensen Real Estate Inc. Dale Sorensen Real Estate Inc.

Subdivision: Baytree Ocean Villas, Address: 8426 Poinciana Place, #5 Subdivision: Racquet Club of Vero, Address: 3939 Ocean Drive, #313C

Listing Date: 1/2/2018 Listing Date: 12/4/2017
Original Price: $599,000 Original Price: $450,000
Recent Price: $599,000 Recent Price: $450,000
Sold: 2/13/2018 Sold: 2/9/2018
Selling Price: $625,000 Selling Price: $450,000
Listing Agent: John Stringer Listing Agent: Jane Johnson

Selling Agent: Alex MacWilliam, Inc. Selling Agent: Alex MacWilliam, Inc.

John Stringer Christine McLaughlin

Alex MacWilliam, Inc. Shamrock Real Estate Corp

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O: 772.538.1111

E: [email protected]
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First Time Listing - $640,000

Your Vero Beach Newsweekly ™ Vero Beach 32963 / February 22, 2018 103

CONTINUED FROM PAGE 99 REAL ESTATE

marketplace, followed the tax provi- ing on the sidelines at the end of the taxes they’re likely to owe will offset the properties more reasonably at the list-
sions carefully as the legislation moved year due to the uncertainty around tax real estate deductions they’re likely to ing stage or to urge sellers to lower their
through Congress, and they have a reform.” But “now that [they’ve] had a lose. So the net effect could be a wash. price during negotiations.
good sense about what the changes chance to calculate the monthly costs,
mean to them in practical terms. income taxes and deductions,” they’re Some sellers and buyers, however, Bottom line: The post-tax-bill real
streaming back. Some buyers have told are definitely factoring higher real es- estate scene is still evolving, and any
Noah Goldberg, an agent with Redfin Goldberg that the lower federal income tate taxes into their transaction equa- price declines aren’t visible yet, if in-
in Jersey City, says clients “were wait- tions – either as a reason to price their deed they are coming. 