06/23/2022 ISSUE 25

Your Vero Beach Newsweekly ™ Style Vero Beach 32963 / June 23, 2022 51

Spanish capsule wardrobe can be summer style inspiration

BY LAURA CRAIKO
The Telegraph

Dior’s cruise show in Seville had all Spain’s street style, its royalty (Queen fan revival and if you have one picked This is a designer who digs deep
the components for dressing elegantly, Letizia) and it’s celebrities (Nati Abas- up in a tourist shop, dig it out now) when she takes her shows on the road.
from heatwave to cool evenings. cal, a former model is, at 70, a regular to the gold embroideries on the bags She repeatedly visited Spain in the past
on its best dressed lists). (stitched in workshops that normally year, soaking up the history and the
It’s currently 115 degrees during the make ecclesiastical robes, the Catho- street style. “I recognized the spirit – it’s
day in Seville. At night, when the tem- So what are the staples of this lic Church having been a main patron like my grandmother in Southern Italy.
perature plunges to a bracing 90 de- school of heatwave dressing? A white of Spanish crafts for centuries). Strong, matriarchal – and feminine.” 
grees, it’s like sitting in a fragrant tepi- lace dress; a waistcoat, worn over a
darium filled with the scent of jasmine. shirt or on its own; an off the shoulder
top or dress (bare, bronzed shoulders
The Spanish, it’s fair to say, know how are to the elegant Spanish woman
to dress for the heat. It’s not just what what cleavage is to L.A.); the light-
they wear, however – we’ll come to the est straw hat, also based on Spanish
clothes in a moment – but their languid dressage kit (Dior’s were designed by
poise and elegance. They do everything Stephen Jones); a ruffled or polka dot
slowly in the south and yet somehow silk blouse to wear on those smart,
they combine a laid back approach with Spanish evenings, with high waisted
a still, to a degree, formal attitude. trousers; a low block heel (heat and
extreme heels equal swollen feet),
It’s those qualities that intrigued little cape cover-ups, metallic car-
Rome native Maria Grazia Chiuri, digans or chantilly lace shawls; one
Dior’s Creative Director, to stage the or two knockout red tops or dresses
label’s cruise show in this city last – and plenty of monochrome, which
week – outside, of course, late at night, done well, in good quality silks, linen
of course, in the magnificently over and cottons, looks extra crisp and
the-top Piazza di Spagna which, just sharp when it’s hot.
in case the ceramic balustrades, moat
and turrets weren’t enough, had been There are always jackets in a Dior
decorated with arches of cascading show, but this time, in deference per-
roses. Flamenco dancers in flame haps to the heat and the fact that
red dresses performed to music com- they’re once more fashionable (and
posed by Alberto Iglesias, who has also, says Chiuri, because they allow
worked on the soundtracks for Pedro more freedom of movement) they were
Almodovar’s films since the 1990s … cropped, drawn from the wardrobe of
This was deep Spain. matadors and Spanish dressage riders.

Almodovar’s permanently-on-the- From a distance, Spanish style can
verge-of-a-nervous-breakdown wom- look minimalist, even austere. Close
en, the Duchess of Alba and flamenco up there’s often embellishment, from
dancers all inspired this show, as well embroideries to hand-tooled leather.
as the Madonnas in Spanish churches
who, Chiuri says, often have ornate This being Grazia Chiuri, local arti-
sets of clothes they’re changed in and sans had been sought out, from a fan
out of, like holy Barbie dolls. factory in Valencia which worked with
the experts at Dior to turn the cob-
These are larger-than-life charac- webby chantilly lace more normally
ters. The late Duchess of Alba, who used for mantillas, into fans (which
died in 2014, carried more titles than weren’t just for the show, they’ll be
any other aristocrat in the world. Her sold in Dior’s boutiques, stand by for a
husbands included an ex-Jesuit priest
and a man 24 years her junior (she
married him in her mid-80s, to the
chagrin of her children and, it’s ru-
mored, of King Juan Carlos of Spain).
But she, like Almodovar’s women and
Carmen Amaya, a flamenco super-
star from the middle of the last cen-
tury who preferred wearing men’s
tailoring over the traditional female
flouncy dresses and whose picture
adorned Chiuri’s mood board, have
a distinctive, proud style, that’s part
classic and austere, part madcap.

In more dilute forms, you can see
good posture, clean lines, softly tai-
lored silhouettes and bold colors in

52 Vero Beach 32963 / June 23, 2022 Style Your Vero Beach Newsweekly ™

What to wear in a heatwave without going sleeveless

BY MELISSA TWIGG AND SOPHIE TOBIN
The Telegraph

There’s only one thing to throw The priority is finding a mate- Then there is the question of for a dress with a fabric tie or a bias cut
on when it’s super hot – and that’s a rial that is neither transparent nor sleeves. At some point over the last over anything too tent-like. Unusu-
dress. Here’s how to find yours. designed to make you sweat: Avoid few decades we all began to believe ally, minis, midis and maxis are all in
man-made fibers like the plague and the myth that dressing for hot weather fashion this year – although the ma-
No queues for the bathroom, fewer opt for thick cotton or even a sturdy meant wearing the smallest amount jority of women over 30 will probably
hormones, clothes with pockets and linen – the latter sits away from the of fabric possible. That’s not actually opt for a loose skirt that falls between
better jar-opening skills ... There are skin and allows that all-important true – it’s the tightness of the cut and the knees and ankles.
plenty of reasons to envy men, but heat- breeze to cool you off. Similarly, holi- the type of material that raises your
wave fashion (particularly if you live in day dresses often come with halter- temperature, not how much of it there Personally, I love this sort of fash-
a city and commute to an office) isn’t necks, which is all very well if you is – and happily there are lots of work ion because nothing says midsum-
one of them. With temperatures soar- have a swimming costume on un- and bra-friendly dresses with prop- mer like pulling on an airy dress and
ing to the 90s, this is the sort of weather derneath, but which can look a bit er sleeves. When it comes to shape, being ready to go – particularly as I
that requires a dress – an airy, comfort- ridiculous with a bra, so look for a nearly all women look better with a bit watch my poor, damp-browed hus-
able, pretty dress in a cooling material – high-ish back and neckline. of definition around the waist, so look band zip up yet another pair of navy
because shirts and trousers aren’t going blue trousers … 
to cut it in high humidity.

The perfect heatwave dress has a
few degrees of separation from the
perfect holiday dress, which can be
flimsy, strapless and ever-so-slightly
see-through. Remember that even if
you’re wfh (working from home) you
will most likely be going to the gro-
cery store, the doctor or the school
pick up at some point and ideally you
don’t want everyone to know if your
bra and pants match.

The summer shoe that goes with everything

BY LISA ARMSTRONG tial response to the white shoe creep ceptable for white-shoe wearing. looking tricky, now looks quite re-
The Telegraph of the past few years was probably to I’m not a total weirdo. I know that freshing and smart.
adopt the brace position.
Fresh, modern, surprisingly univer- sun-loungers – and summer vacations Just as black shoes can almost nev-
sal – this neutral footwear is the per- The pale, determined to be ‘care- in general – are great, in their way. It’s er look wrong with almost any outfit,
fect finishing touch to any outfit. free’ and go bare legged, require ei- just that when their sole purpose gets a white shoe is starting to look like
ther copious amounts of chemicals or hijacked in the cause of tan-chasing, the summery equivalent – not quite
If you’re pale of limb as I am, your ini- punishing sessions on a sun lounger and your skin happens to be stub- as dressy as a metallic, but still a bit
to get our legs to a shade deemed ac- bornly tan resistant like mine, they can special. White shoes are especially
seem burdensome. good with pastel outfits – a pale-blue
cotton dress for instance, looks lovely
I’ve tried just about every fake with tan or brown sandals, but pop on
bronzer under the (not-very-cooper- a pair of white slingbacks and it sud-
ative) sun and while I can testify that denly looks right for an evening out.
many of them really are brilliant for-
mulations that deliver convincing Maybe it’s because we’ve attuned
color and lovely smells, they’re only as our eyes with white sneakers, but the
good as the device applying them. That whole universe of white footwear no
would be me, and it’s fallible. longer seems off-putting to me. Nor is
it any longer the preserve of those per-
That leaves two further courses of ma-tanned have-yachts. White shoes
action. Reject the white shoe, which is with pale legs look OK. And white
a perfectly legitimate approach. How- shoes, even ones that could look a bit
ever, as is the way with fashion, white drab in another color, suddenly look
footwear has wormed its way into the sharp and modern. Soled. 
sartorial landscape and instead of

Your Vero Beach Newsweekly ™ Style Vero Beach 32963 / June 23, 2022 53

What is ‘coastal grandmother’ style? Here’s how to achieve it

BY EMILY JOHNSTON
The Telegraph

A look that women well into their 40s, come and go.
50s, 60s and have been sporting for de-
cades is back in a big way. Five ways
to achieve
I’m guessing that there are more than the look
a few of you who won’t have heard of the
“coastal grandmother” vibe currently 1. Bare-
trending on TikTok (over a billion views, foot is pre-
don’t you know), but trust me when I say ferred as
it’s a trend you’ll want to get on board you live on
with. You may even be sporting it al- the beach in this trend.
ready without realizing. The difference But for city dwellers, pair
now is that 20-somethings are getting your ensemble with slides
excited about a look that women well or Birkenstocks for a chic
into their 40s, 50s, 60s and be- footnote.
yond have been sporting for 2. Mix up textures to
decades. add interest: different
shades and fabrics give
You won’t find me com- this trend depth.
plaining. I love how a look 3. Comfort comes
that my actual grandmother first for this trend.
wore, and wore with style and Nothing too tight or
grace, is now front and center restrictive!
on the fashion agenda. 4. Mix textures that
are soft and feminine
The secret to success with to make your look
this aesthetic is to imagine unique to you.
you’re the main character 5. Keep your pal-
in a Nancy Meyers movie: ette beige. Color is a
Make sure you’re dressed big no-no for this trend
head to toe in shades of oat- My top tip: The majority of the fab-
meal, cream and white to rics you’ll be wearing for this look are
coordinate with your im- delicate, so pay close attention to the
maculate beach house and care instructions. Your dry cleaning
you’ve got the trend nailed. bill might go from moderate to intense
It really is as simple as that overnight, so invest in good laundry
and it’s a look that is truly products to wash on a delicates cycle
classic, chic and ageless. or by hand where possible. 

If you aren’t already the owner
of a wardrobe full of Nancy Mey-
ers Lead Character essentials,
allow me to be your guide. First
and foremost on your style jour-
ney, you’ll want to check the ef-
fortless and comfy boxes. The
vibe is, “I’m about to sit on the
couch with my girlfriends, glass
of wine in hand, for a night of
laughter while the ocean waves
crash outside my front door.”

It’s a mix of cozy knits, lay-
ered with delicate silks, linen
anything, slouchy everything,
but absolutely zero color. This
is a beige buffet and the min-
ute you introduce color the trend is
erased. So keep it in neutral.

The best thing about this look,
though, is that every piece you will
purchase to live out this trend over the
summer will become a staple in your
wardrobe for years to come. Make sure
you invest wisely as you’ll be wearing
these pieces time and again and trends

54 Vero Beach 32963 / June 23, 2022 Your Vero Beach Newsweekly ™

Vero & Casual Dining

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Your Vero Beach Newsweekly ™ Vero Beach 32963 / June 23, 2022 55

Vero & Casual Dining

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56 Vero Beach 32963 / June 23, 2022 Your Vero Beach Newsweekly ™

Vero & Casual Dining

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Your Vero Beach Newsweekly ™ Vero Beach 32963 / June 23, 2022 57

Vero & Casual Dining

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58 Vero Beach 32963 / June 23, 2022 Your Vero Beach Newsweekly ™

CALENDAR

ONGOING live entertainment, street vendors, kids’ zone, Kasten, 7 p.m. at St. John of the Cross Catho- 8-31 Vero Beach Theatre Guild pres-
brews, food trucks, delicious burgers, includ- lic Church. Free; donations appreciated. 772- ents “Footloose: The Musical.”
Check with organizations directly for up- ing slider tastings from 1 p.m. to 4 p.m. for the 584-9744 VeroBeachTheatreGuild.com or 772-562-8300
dates/cancellations. ‘Best Burger in IRC Competition’ and a 4 p.m.
Apple Pie Eating Contest. $25 slider punch card 4 Race to the Wreck, 8 a.m., a ¼-mile swim 16|17 Vero Beach Octopus Ul-
Vero Beach Theatre Guild: “The Chicago Gyp- for 5 slicers and 2 beverages; $100 VIP access to the SS Breconshire with a champagne tra, ‘slay the Kraken’ (100
sies.” Sundays through June 26. 772-562-8300 pass, includes air-conditioned lounge, slider toast at the flag on the wreck, open to swim- miles) or run any or a combo of: 15.47-mile
punch car and complimentary drinks. 772-770- mers, kayakers and paddleboarders, meet- Sunrise, 11.5-mile Gilligan’s Island, 6.17-mile
Vero Beach Museum of Art: Simple Plea- 0740 ext. 204 ing on the Sexton Plaza beach. No RSVP; just Paradise, 17.85-mile Oasis, 12-mile Howl at the
sures: The Art of Doris Lee, through Sept. 18. show up. Moon, 15.74-mile Purgatory, 20.46-mile Twi-
772-231-0707 25 Space Coast Symphony Wind Orches- light Zone, and/or 2.25-mile Pyromania, from
tra and Chorus present America the 4 Freedom Festival presented by City of OctoBase camp Environmental Learning Center.
Riverside Theatre: Weekly Friday and Sat- Beautiful, 2 p.m. at the Emerson Center. Free. Sebastian, Lions Club of Sebastian and UltraSignUp.com
urday Comedy Zone and Live on the Loop con- 855-252-7276 or SpaceCoastSymphony.org. Sebastian Masonic Lodge, with 8 a.m. opening
certs. 772-231-6990 ceremonies at flagpole, 8:30 a.m. parade start, 22|23 Riverside Theatre for Kids
26 Pride on the Block 2K22, with enter- and 10 a.m. to 8 p.m. Festival at Riverview Park, presents “Into the Woods
First Friday Gallery Strolls in Downtown Vero tainment by drag performers and with live music, games and watermelon eating Jr.,” performed by students ages 8 to 12, 5:30
Beach Arts District, monthly from 5 p.m. to 8 p.m. music by Treasure Coast bands and DJ Frank-O contest, followed by Fireworks at sunset. p.m. Fri; 1 p.m. and 5:30 p.m. Sat. 772-231-
to showcase the voices of the LGBTQIA+ com- 6990 or riversidetheatre.com
JUNE munity, 2 p.m. to 11 p.m. in the Kilted Mermaid 4 Boom on the Lagoon, 4th of July Celebra-
alleyway. All ages until 7 p.m. when it becomes tion, 5 p.m. to 9 p.m. at Riverside Park. AUGUST
24|25 Riverside Theatre for 18+. Free; food and beverages available for pur-
Kids presents “Into the chase, plus a charity liquor bar to benefit Vero- 6-9 Vero Beach International Music Fes- 3 64th Birthday Par-Tee to benefit the Men-
Woods,” performed by students ages 13 and Pride. Facebook.com/VeroPride.A1A tival at First Presbyterian church, tal Health Association, 5:30 p.m. at Big-
up, 5:30 p.m. Fri.; 1 p.m. and 5:30 p.m. Sat. 772- with performances by world-class musicians/ Shots Golf, with 2 hours of golf, unlimited appe-
231-6990 or riversidetheatre.com JULY singers in Americana, Rock, Celtic, Americana, tizers and soft drinks, cash bar, raffles and cake.
World, and Jazz, plus Mike Block String Camp $55 per golfer or $330 for team of 6 in private
25 Burgers & Brews to benefit United 3 A Celebration of Freedom, performed students. 7:30 p.m. faculty concerts Wed. and tee-box. 772-569-9788 or MHAIRC.org.
Against Poverty, 1 p.m. to 8 p.m. along by the Paradise Women’s Chorale, Para- Fri., and 7:30 p.m. student concert Sat. followed
14th Avenue in downtown Vero Beach, with dise Master Chorale, and St. John’s Brass En- by barn dance with live band. Suggested $20 4-6 City of Vero Beach Recreation De-
semble, conducted by Jacob Craig and Ryan donation to support MBSC Scholarship Fund. partment’s 48th annual Aerial An-
VeroBeachInternationalMusicFestival.com tics Youth Circus, 7 p.m. at St. Edward’s School,
with dancing, gymnastics and aerial routines
Solutions from Games Pages ACROSS DOWN choreographed to ‘Hero and Villain’ themed
in June 16, 2022 Edition 1 STAMINA 1 SIROCCO music. $8 adults; $7 children over 5 and seniors.
5 ASSET 2 ALARM 772-567-2144
8 REALM 3 IMMERSE
9 ACHIEVE 4 APATHY 5|6 Ballet Vero Beach presents Chi-
10 COMPREHENSION 5 ASHEN cago Dance Crash, a troupe that
11 OYSTER 6 SPECIAL fuses Hip Hop and Contemporary dance, 7:30
13 GARLIC 7 TREEN p.m. at Riverside Theatre. $10 to $75. Ballet-
17 INTERROGATION 12 SETBACK verobeach.org or 772-905-2651
20 GLASSES 14 ABANDON
21 DRIVE 15 CONTENT
22 TOKEN 16 CORSET
23 TONIGHT 17 INGOT
18 RESIN
19 ICING

Sudoku Page 45 Sudoku Page 46 Crossword Page 45 Crossword Page 46 (THREE LITTLE WORDS) 6 Riverside Dance Festival student perfor-
mances on the Stark Main Stage, with
members of Chicago Dance Crash. Free; no tick-
ets required. Riversidetheatre.com

VERO BEACH 32963 BUSINESS DIRECTORY

Advertising Vero Beach Services | If you would like your business to appear in our directory, please call 772-633-0753

OCEANFRONT CONDO BOASTS
‘RESORT-LIKE AMENITIES’

4800 Highway A1A #211 in Seaquay: 2-bedroom, 2-baths, 1,488-square-foot condominium offered
for $924,900 by Jim Knapp and Stephanie Knapp, Alex MacWilliam Real Estate: 772-913-0395

60 Vero Beach 32963 / June 23, 2022 Your Vero Beach Newsweekly ™

REAL ESTATE

Oceanfront condo boasts ‘resort-like amenities’

BY STEPHANIE LABAFF back to our little seaside town. take off. But it was always nice to call up from the telephone adjacent
Staff Writer “Patricia wanted to live on the come back, too,” says Joe, noting the to the elevator when they arrive, and
oceanside impact glass sliders, shut- you can buzz them up.
Joe Tucci has captured a lifetime’s beach,” recalls Joe. “It made her hap- ters and building security that gave
worth of happy memories during py.” him an added sense of safety when At the front door, a sliding screen
the 22 years he and his wife Patricia they were away. tucks out of the way when you’re not
Seaquay is a six-tower, multisto- using it but when in use allows for a
ry condominium offering the only

lived in the oceanfront condo at 4800 oceanside pier in the area. The iconic After parking your car in one of beautiful east-west cross breeze, es-
Highway A1A #211 in Seaquay. spot draws as many photographers your two reserved spots in the un- pecially enjoyable during the temper-
looking to catch waves as they splash derground parking garage, you can ate winter months.
Joe’s parents retired to Vero Beach against the pilings as it does Seaquay access your condo via the secured
in 1974, so he and Patricia were al- residents casting a line in the surf elevators with a keycard. Guests can The guest bedroom and bathroom
ready familiar with the area. hoping to hook a fish. that doubles as a powder room when

When the couple was ready to re- “It was nice being in a condo. We
tire, they first went to the panhandle traveled a lot, and you could just
and the West Coast but were drawn

Your Vero Beach Newsweekly ™ Vero Beach 32963 / June 23, 2022 61

REAL ESTATE

tacular, direct ocean views up and The Tuccis installed blackout roll-
down the coastline. Running the down shades for those mornings
width of the condo, the balcony pro- when they didn’t want to get up with
vides plenty of room for a dining area the sun and to prevent condo lights
and a sitting area so you can enjoy a from misdirecting just-hatched baby
cup of coffee in the mornings while sea turtles trying to find their way
watching the brilliant sunrise, bask back to sea. Artificial lights along the
in the breeze as you have a mid- shoreline can resemble moonlight
day snack or take in the peace of the over the ocean, confusing the tiny
ocean at night while sipping wine. turtles.

“I love that the view is always Seaquay’s resort-like ameni-
changing, depending on sunlight,” ties help residents make the most
says Alex MacWilliam Real Estate re- of beachfront living and include an
altor Stephanie Knapp. “And the mir- oceanside swimming pool, sun deck,
rored wall in the living room doubles outdoor shower, grill area, club room
your view.” with catering kitchen, library, card

you have visitors can be found just off itive barrier between the spaces with-
the foyer, allowing for a bit of privacy out inhibiting the views. The Tuccis
and a beautiful atrium view where made the most of the kitchen space
guests can take in Florida’s spectacu- with a corner kitchen table where
lar sunsets. they could enjoy a cozy breakfast.
The laundry cupboard is also in the
Stepping further into the condo, the kitchen.
kitchen is to the left, with the dining
area and living room straight ahead. The owner’s suite can be accessed
The open plan creates an inviting and just off the living room. Its generous
spacious environment with the ocean size allows for a seating area and desk
views seeming to extend the condo so that you can soak up the views
out over the water. The tile flooring in through the sliders any time of the
the main living areas even resembles day. The bathroom has a jetted tub,
beach sand, further cementing the il- dual sinks, a shower and plenty of
lusion. closet space.

The breakfast bar provides a defin- The covered balcony offers spec-

VITAL STATISTICS
4800 HIGHWAY A1A #211

Neighborhood: Seaquay Condominium
Year built: 1984

Construction: Block, concrete, stucco
Home size: 1,488 square feet
Bedrooms: 2
Bathrooms: 2

Pool: Community swimming pool
View: Expansive ocean vistas

Additional features: Key card and phone entry; jetted tub; walk-in clos-
ets; laundry closet; covered balcony, blackout blinds; oceanside impact

sliders and rolldown shutters; and two reserved underground garage
spaces.

Listing agency: Alex MacWilliam Real Estate
Listing agent:

Jim Knapp and Stephanie Knapp, 772-913-0395 or 772-696-6302
Listing price: $924,900

62 Vero Beach 32963 / June 23, 2022 Your Vero Beach Newsweekly ™

rooms, meeting rooms, private fish- REAL ESTATE
ing pier, ocean access and seawall.
side gathering where everyone came
The three-room fitness center has to socialize.
separate cardio, weights, and yoga or
Pilates spaces. Joe appreciated having “There’s not much on the ocean
access to the fitness center whenever at this price,” say Knapp. “And it’s in
he wanted to use it. “I utilized that a fabulous location in the center of
exercise room every day. It helped me town. You’re near everything.”
work out, lose some weight and get off
some medicines,” he says. Seaquay enjoys direct Atlantic Ocean
frontage and is within walking distance
“And they recently redid our com- of the guarded public beach at Jaycee
mon area. We have a really good Park, the Village Beach Market, and
board,” Joe continues. shopping and dining at Pelican Plaza.
Vero’s Village by the Sea, Riverside Park,
Knapp adds that the building is the municipal marina, Vero Beach Dog
very well maintained with a good Park, Riverside Theatre and Vero Beach
mix of people living there. “There’s Museum of Art are a short drive away. 

a mix of seasonal residents, families
and retirees, so there’s a little bit of
everything. It’s a really solid com-
munity.”

“It’s a good building with good peo-
ple,” says Joe, recalling a recent pool-

VERO’S NEIGHBOR EXPANDS UTILITY
LINES TO PROMOTE DEVELOPMENT

BY GEORGE ANDREASSI Pierce Recreational Vehicle Resort;
and the Seagrove subdivision on U.S.
Staff Writer 1 near the Indian River County line.

St. Lucie County needs more than St. Lucie County commissioners
$100 million to construct the water voted unanimously June 7 to seek
and sewer utilities required to serve proposals from lenders to provide
28,843 houses planned in the un- the county a $20 million line of credit
incorporated areas outside of Fort to start designing and constructing
Pierce and Port St. Lucie. water and sewer lines for those and
other projects.
The county’s plans include build-
ing a new water plant on county- In the meantime, county utili-
owned land on Taylor Dairy and In- ties officials can work on strategies
drio roads and setting the stage for for obtaining the rest of the money
the construction of a new sewer plant needed for the water and sewer ex-
on the site, county records show. pansion, county records show.

The plans also call for expanding The county also intends to seek
the Holiday Pines sewer plant to pro- grants from the federal Water Infra-
vide service to projects in northern structure Finance and Innovation
and central St. Lucie County until Act (WIFIA), Drinking Water State
the Utilities Department can afford Revolving Fund and Clean Water
the new sewer plant. State Revolving Fund programs,
county records show.
The five largest projects up for
development in unincorporated St. Development projects and equiv-
Lucie County are Stark Ranch with alent residential units:
12,000 units near Glades Cut-off and
Rangeline roads; the Fort Pierce and  Stark Ranch (Oak Ridge):
Destination resorts with a total of 12,000 units
6,000 units between Florida’s Turn-  Indrio and Interstate-95:
pike and Interstate 95; Visions at In- 4,500 units
drio with 4,500 units at Indrio Road  Destination Resort: 4,500 units
and I-95; and Cloud Grove with 4,000  Cloud Grove: 4,000 units
units between I-95 and Johnston  Fort Pierce Resort: 1,500 units
Road.  Wave Park: 800 units
 Seagrove: 500 units
Other major projects include the  Emerson Views: 200
Fort Pierce Wave Park on Midway  Orange Estates: 200
Road near I-95; the St. Lucie Coun-  Entertainment District: 200
ty Entertainment District near the  Creekside: 168
county Fairgrounds on Okeechobee  Cabo Rio RV Resort: 90
Road/State Road 70; the Cabo Rio  Round Island: 70
Recreational Vehicle Resort; the Fort  Fort Pierce RV Resort: 65. 

Your Vero Beach Newsweekly ™ Vero Beach 32963 / June 23, 2022 63

REAL ESTATE

Mortgages hit 14-year high as Fed hikes rates to curb inflation

BY KATHY ORTON would have cost a borrower about 50 percent compared with a year ago. pensive in an effort to reduce demand
The Washington Post $1,653 a month, excluding other costs The refinance share of mortgage ap- for goods and services.
such as taxes and insurance, Lending plications is at its second-lowest level
Mortgage rates skyrocketed last Tree economist Jacob Channel wrote since December 2000. “The annual inflation rate unex-
week, soaring to their highest levels in an email. This week, that same loan pectedly accelerated to 8.6 percent in
since 2008. The unexpectedly speedy costs them $1,756 a month, at 5.78 per- As a result, real estate and mortgage May, and mortgage rates won’t have
escalation has had a chilling effect cent. That’s another $103 a month, brokerages are shedding jobs. Com- much reason to fall as long as inflation
on the U.S. housing market, increas- $1,236 a year and $37,080 over the life- pass cut 10 percent of its non-broker remains elevated,” said Holden Lewis,
ing pressure on an economy already time of the loan. staff and Redfin announced it was home and mortgage specialist at Nerd-
hounded by unremitting inflation. laying off about 470 employees. Pen- Wallet. “The Federal Reserve increased
The housing boom that had been nyMac Financial Services, a non-bank
The 30-year fixed-rate mortgage, fueled by low rates is beginning to mortgage lender, is reducing its staff by CONTINUED ON PAGE 66
the most popular home loan product, subside. Prices have yet to moderate, 207 employees after cutting 230 em-
jumped to 5.78 percent last week, up propped higher mainly by low inven- ployees in March.
from 5.23 percent a week prior, ac- tory. Home prices were up 20.6 percent
cording to Freddie Mac data released in March compared with a year earlier, The cool-down in housing is due to
last Thursday. The more than a half- according to the most recent Case- the Federal Reserve raising its bench-
percentage-point rise was the biggest Shiller home price index. But sales mark rate by 0.75 percentage point.
one-week jump since 1987. The jump have slowed. Existing-home sales fell The rate hike is the third this year by
came in anticipation of the Federal Re- for the third month in a row in April, the Fed. At its May meeting, the central
serve’s rate hike; the Fed hiked interest the most recent data available from the bank raised the federal funds rate by
rates by the sharpest pace since 1994, National Association of Realtors. Data half a percentage point. It took its first
to curb soaring inflation. from the Census Bureau released last steps toward bringing down inflation
Thursday showed housing starts fell in March when it boosted its bench-
Consumers have been facing high- 14.4 percent from April and are down mark rate for the first time since 2018.
er prices in nearly every facet of their 3.5 percent year-over-year.
lives. Now higher mortgage rates are Although the Fed doesn’t set mort-
limiting their housing choices or pric- Besides leading to a pullback in sales gage rates, its actions influence them.
ing them out altogether. A week ago, of new and existing homes, higher The central bank has launched this
a $300,000 loan with a 30-year fixed- rates have curbed the appetite for initiative to rein in the highest infla-
rate mortgage at a rate of 5.23 percent mortgages. Volume is down more than tion in 40 years, making a whole host
of lending beyond mortgages more ex-

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64 Vero Beach 32963 / June 23, 2022 Your Vero Beach Newsweekly ™

REAL ESTATE

Real Estate Sales on the Barrier Island: June 10 to June 16

The middle week of June saw the barrier island real estate market continue to slow with nine
transactions recorded, including two for more than $1 million.

Our featured sale of the week was of a home in Castaway Cove. The property at 950 Windsong
Way was listed April 25 for $950,000. The sale closed on June 15 for $925,000.

The seller in the transaction was represented by Christine Hughes of Dale Sorensen Real Estate.
The purchaser was represented by Sarah Tafoya, also of Dale Sorensen Real Estate.

SINGLE-FAMILY RESIDENCES AND LOTS

SUBDIVISION ADDRESS LISTED ORIGINAL MOST RECENT SOLD SELLING
ASKING PRICE ASKING PRICE PRICE
$1,965,000
$2,250,000
AMBERSAND BEACH 12920 HIGHWAY A1A 3/23/2022 $2,250,000 6/10/2022 $925,000

CASTAWAY COVE 950 WINDSONG WAY 4/25/2022 $950,000 $950,000 6/15/2022 $825,000

OCEANAIRE HEIGHTS 9470 SEAGRAPE DR 3/28/2022 $875,000 $875,000 6/13/2022 $759,900

OLD ORCHID 9560 W MAIDEN CT 4/29/2022 $759,900 $759,900 6/16/2022 $490,000

ORCHID ISLAND 420 LIVE OAK DR 6/5/2022 $490,000 $490,000 6/14/2022

TOWNHOMES, VILLAS, CONDOS, MULTIFAMILY AND INVESTMENT

JOHN’S ISLAND 650 BEACH RD, #143 5/19/2022 $3,450,000 $3,450,000 6/16/2022 $3,450,000
SOUTH PASSAGE 401 SPYGLASS LN, #401 12/17/2021 $750,000 $739,000 6/16/2022 $705,000
ROBLES DEL MAR 5601 HIGHWAY A1A, #S208 4/23/2022 $349,900 $349,900 6/14/2022 $349,900
VISTA DEL MAR 5400 HIGHWAY A1A, #E20 4/22/2022 $295,000 $295,000 6/15/2022 $285,000

Your Vero Beach Newsweekly ™ Vero Beach 32963 / June 23, 2022 65

REAL ESTATE

Here are some of the top recent barrier island sales.

Subdivision: Old Orchid, Address: 9560 W Maiden Ct Subdivision: Ambersand Beach, Address: 12920 Highway A1A

Listing Date: 4/29/2022 Listing Date: 3/23/2022
Original Price: $759,900 Original Price: $2,250,000
Recent Price: $759,900 Recent Price: $2,250,000
Sold: 6/16/2022 Sold: 6/10/2022
Selling Price: $759,900 Selling Price: $1,965,000
Listing Agent: Katrina Stawara & Listing Agent: Janyne Kenworthy
Chip Landers
Selling Agent: Selling Agent: ONE Sotheby’s Int’l Realty
Berkshire Hathaway Florida
Not Provided
Debbie Bell
Not Provided
Berkshire Hathaway Florida

Subdivision: South Passage, Address: 401 Spyglass Ln, #401 Subdivision: Robles Del Mar, Address: 5601 Highway A1A, #S208

Listing Date: 12/17/2021 Listing Date: 4/23/2022
Original Price: $750,000 Original Price: $349,900
Recent Price: $739,000 Recent Price: $349,900
Sold: 6/16/2022 Sold: 6/14/2022
Selling Price: $705,000 Selling Price: $349,900
Listing Agent: Judy Hargarten Listing Agent: R J Rennick

Selling Agent: The Moorings Realty Sales Co. Selling Agent: Rennick Real Estate

Erika Ross R J Rennick

The Moorings Realty Sales Co. Rennick Real Estate

66 Vero Beach 32963 / June 23, 2022 Your Vero Beach Newsweekly ™

REAL ESTATE

Here are some of the top recent barrier island sales.

Subdivision: Orchid Island, Address: 420 Live Oak Dr Subdivision: Oceanaire Heights, Address: 9470 Seagrape Dr

Listing Date: 6/5/2022 Listing Date: 3/28/2022
Original Price: $490,000 Original Price: $875,000
Recent Price: $490,000 Recent Price: $875,000
Sold: 6/14/2022 Sold: 6/13/2022
Selling Price: $490,000 Selling Price: $825,000
Listing Agent: Lynda Robinson Listing Agent: Sally Spires & Robin Raiff

Selling Agent: Keller Williams Realty Selling Agent: EXP Realty, LLC

Colleen Jennings Jeffrey Allen

Billero & Billero Properties Alex MacWilliam, Inc.

Subdivision: John’s Island, Address: 650 Beach Rd, #143 Subdivision: Vista Del Mar, Address: 5400 Highway A1A, #E20

Listing Date: 5/19/2022 Listing Date: 4/22/2022
Original Price: $3,450,000 Original Price: $295,000
Recent Price: $3,450,000 Recent Price: $295,000
Sold: 6/16/2022 Sold: 6/15/2022
Selling Price: $3,450,000 Selling Price: $285,000
Listing Agent: Michael Merrill Listing Agent: Claire Higgins

Selling Agent: Douglas Elliman Florida LLC Selling Agent: Keller Williams Realty

Susan Rane Dick Davis

Keller Williams Realty Dale Sorensen Real Estate Inc.

CONTINUED FROM PAGE 63 than after Fed meetings. Over the next
week or two, we probably won’t see big
short-term rates … to slow economic movements in mortgage rates like we
growth and get inflation under con- did last week.”
trol.”
The Fed signaled that another 0.75
Investors had largely anticipated percentage point increase could be on
the aggressive Fed move, which is why the table next month as well, although
long-term bond yields tracked higher Federal Reserve Chair Jerome H. Pow-
last week. The yield on the 10-year ell told reporters at a news conference
Treasury climbed to its highest level in that he does not expect moves of this
more than a decade, reaching 3.49 per- size to be common.
cent last Tuesday before falling back to
3.33 percent after the Fed announce- “Given the consumer-price infla-
ment. At the beginning of the year, the tion rose to a 40-year high last week,
yield was 1.63 percent. it’s very possible that the Fed will take
a more hawkish position towards in-
“The 30-year mortgage rate tends to flation and increase rates at a faster
follow the 10-year Treasury yield and pace than originally expected,” Reich
the 10-year Treasury just hit its high- wrote. “While there is always the pos-
est yield in 11 years,” Steve Reich, chief sibility rates may cool later in the year
operations officer at Finance of Amer- depending on where the Fed projects
ica Mortgage, wrote in an email. “The inflation will be, we can likely expect
10-year Treasury is rising because in- to see mortgage interest rates contin-
vestors are anticipating rate increases ue to rise over the course of the next
in the future. As a result, we’ve also few months.”
seen mortgage rates follow suit and
tick up recently. In the short term, Low rates fueled the revival of the
mortgage rates will likely continue to U.S. housing market after the Great
follow a similar range and keep pace Recession and have helped drive
with the 10-year Treasury yield.” home prices to record levels. But after
the pandemic sent rates to historical
Lewis expects mortgage rates to be lows, rates have been on a tear. The
less volatile in the near future. 30-year fixed average, which started
the year at 3.22 percent, hit 4 percent
“Mortgage rates tend to go up and in March and 5 percent five weeks
down in anticipation of Fed rate later. Although economists had ex-
moves, which is a way of saying that pected rates to rise, they have esca-
the Fed increase was already baked lated far more quickly than they had
into mortgage rates,” he said. “In other predicted. 
words, mortgage rates are more likely
to go up or down before Fed meetings



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