07/21/2022 ISSUE 29

Your Vero Beach Newsweekly ™ Vero Beach 32963 / July 21, 2022 51

Vero & Casual Dining

52 Vero Beach 32963 / July 21, 2022 Your Vero Beach Newsweekly ™

Vero & Casual Dining

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Your Vero Beach Newsweekly ™ Vero Beach 32963 / July 21, 2022 53

Vero & Casual Dining

Where Vero goes Chef
for a Lil bit Chet Perrotti
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Tuesday Trivia Let the Pours Begin! Bingo, Brews
by DJ Padrino Arriving Soon & $7 Burgers
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54 Vero Beach 32963 / July 21, 2022 Your Vero Beach Newsweekly ™

CALENDAR

ONGOING loose,” through July 31. VeroBeachTheatre- 24 Space Coast Symphony Orchestra tributed by B&GC and IRCSO to students in need.
Guild.com or 772-562-8300 presents Scandinavian Road Trip fea- 954-815-3083 or IndianRiverMall.com
Check with organizations directly for updates/ turing Miami trombonist Thomas McKee per-
cancellations. Riverside Theatre: Weekly Friday and Saturday Come- forming Launy Grondah’s Trombone Concerto, 30 Back to School Family Fun Day, 11 a.m.
dy Zone and Live on the Loop concerts. 772-231-6990 3 p.m. at Community Church of Vero Beach. to 1 p.m. at LaPorte Farms in Roseland,
Vero Beach Museum of Art: Simple Pleasures: SpaceCoastSymphony.org with children’s activities, games and bookbag
The Art of Doris Lee, through Sept. 18; Masters in JULY giveaways starting at 1 p.m. LaPorteFarms.com
Black & White, through Sept. 11. 772-231-0707 30 Indian River Mall presents a Back to
22|23 Riverside Theatre for School and Indoor VendorFest, 10 a.m. AUGUST
First Friday Gallery Strolls in Downtown Vero Kids presents “Into the to 5 p.m., with free school physicals and wellness
Beach Arts District, monthly from 5 p.m. to 8 p.m. Woods Jr.,” performed by students ages 8 to screenings by VNA, bike safety activities by IRCSO, 3 64th Birthday Par-Tee to benefit the Mental
12, 5:30 p.m. Fri.; 1 p.m. and 5:30 p.m. Sat. Maximum Velocity Gymnastics demos, OneBlood Health Association, 5:30 p.m. at BigShots
Vero Beach Theatre Guild: The musical “Foot- 772-231-6990 or riversidetheatre.com blood drive, nonprofit booths and vendors. Dona- Golf, with 2 hours of golf, unlimited appetizers
tions of school supplies and backpacks will be dis- and soft drinks, cash bar, raffles and cake. $55 per
golfer or $330 for team of 6 in private tee-box.
Solutions from Games Pages ACROSS DOWN 772-569-9788 or MHAIRC.org.
in July 14, 2022 Edition 1 YEAH 2 YEARINYEAROUT
3 GUNK 2 ADMIT 4-6 City of Vero Beach Recreation Depart-
6 LOP 4 UPSHOT ment’s 48th annual Aerial Antics Youth
9 ADMINISTRATOR 5 KIRK Circus, 7 p.m. at St. Edward’s School, with dancing,
10 INTERIOR 6 LETTUCE gymnastics and aerial routines choreographed to
12 QUIP 7 PARAPHERNALIA ‘Hero and Villain’ themed music. $8 adults; $7 se-
13 TOR 8 UNTRUTH niors and children over 5. 772-567-2144
15 YACHTS 11 ROD
18 DELETE 14 REFRAIN 5|6 Ballet Vero Beach presents Chi-
1 HID 16 COMPETE cago Dance Crash, a troupe that
21 ARMY 17 SIT fuses Hip Hop and Contemporary dance, 7:30
22 TERRAPIN 20 DEVOUR p.m. at Riverside Theatre. $10 to $75. Ballet-
25 OVEREMOTIONAL 23 PANDA verobeach.org or 772-905-2651
26 TIE 24 ZEST
27 TURF
28 SAGA

Sudoku Page 38 Sudoku Page 39 Crossword Page 38 Crossword Page 39 (FUN WITH FURNITURE)

VERO BEACH 32963 BUSINESS DIRECTORY

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‘A TRUE DELIGHT’

ELEGANT ESTATE IN SEAGROVE

210 Osprey Court in Seagrove West: 6-bedroom, 7.5-bath, 9,331-square-foot riverfront estate home
offered for $10 million by Broker/Owner Matilde Sorensen, Dale Sorensen Real Estate: 772-532-0010

56 Vero Beach 32963 / July 21, 2022 Your Vero Beach Newsweekly ™

REAL ESTATE

Elegant, spacious riverfront estate
in Seagrove is ‘a true delight’

BY STEPHANIE LABAFF
Staff Writer

The owners of the two-story, riv- embracing the Florida lifestyle.” tacular river views seen through a Each room features something dif-
erfront home at 210 Osprey Court in As you pass through the columns trio of French doors across the back of ferent, from the mullioned Palladian
Seagrove West say it was the view of the sunken formal living room. A fire- in front, to the coffered and vaulted
the property from the river that they and onto the brick-paved drive, a bou- place adds to the dramatic setting. tongue-in-groove ceilings.
first fell in love with. Over the years gainvillea-covered trellis draws your
they made it their own and it’s where attention to the mahogany front door “The expansive floorplan with ex- There’s no shortage of fine mill-
they raised their children. flanked by elegant Palladian windows. quisite custom finishes is enhanced work, which includes crown and den-
by the home’s wide river views from til molding, columns, wainscoting,
“This is a nice family neighbor- Stepping into the foyer – a hallway nearly every room,” says Sorensen, judges paneling, window seats and
hood. It’s been super for raising our that runs the width of the house – the noting the dynamic design details. plantation shutters. With 9,331 square
children,” says the owner, adding that eye is drawn immediately to the spec-
there’s a mix of people, from young
families to retirees.

“This gorgeous home is a true de-
light to market,” says Matilde So-
rensen, Dale Sorensen Real Estate
broker/owner. “It is in a wonderful
location, situated on a riverfront
peninsula. The property is beauti-
fully landscaped, allowing you to en-
joy the tranquility of the river while

Your Vero Beach Newsweekly ™ Vero Beach 32963 / July 21, 2022 57

REAL ESTATE

feet of living space, these features ex- dual sinks, jetted tub, walk-in shower
ude both comfort and elegance. and water closet complete the sump-
tuous suite.
“The house works really well for a
big family, which we have, but it can The southern wing includes an el-
also work well for somebody whose evated formal dining room just off
family has grown up and then all the front entryway with an adjacent
come back home to visit,” explains butler’s pantry, allowing for a natural
the owner, noting the privacy of the flow into the kitchen to stage meals
owner’s suite on the first floor of the and offer guests refreshments from
main house. The four upstairs guest the wet bar.
bedrooms are self-contained with a
laundry room, sunset balcony and A second hallway off the living
exterior staircase. room leads to a powder room, the
family room, a game room, laundry
Located in the northern wing of the room, the kitchen and access to the
house, the owner’s suite includes an of- four-car garage. The carriage house
fice, fitness room and sauna. A private apartment above the garage features
sitting room with a double-sided, gas a sitting area, kitchenette, bedroom
fireplace leads to the raised bedroom. and en-suite bath.

Walk-in closets, a washer and dryer, “There are lots of areas to be private

58 Vero Beach 32963 / July 21, 2022 Your Vero Beach Newsweekly ™

REAL ESTATE

but then there’s the family room and ensure you can accommodate any where kids, teens or guests can gather. places for everyone to enjoy outdoor
kitchen and eating area, our favorite size crowd in the chef’s kitchen, A sunset balcony with an exterior living. The poolside guest house has a
spot. That’s where the family gath- something the owners tested dur- kitchenette, full bath, washer and dry-
ers,” shares the owner. ing the pandemic. “Anybody who staircase gives guests a sense of pri- er, and a small seating and sleeping
could work or study from home vacy as they enjoy the uninterrupt- area. This space is versatile enough to
High-end appliances, a walk-in came here,” she shares. ed views of the Indian River Lagoon serve as a party pavilion, office, guest
pantry, breakfast bar and a break- from their lofty perch. room, or art or yoga studio.
fast nook with 180-degree river At the center of the house, a wooden
views and access to the rear patio staircase leads to a private family room A private loggia and patio area ex- The saltwater pool with spillover
tend the living space and provide

POOL DECKS • DRIVEWAYS • WALKWAYS
FIREPLACES • RETAINING WALLS
STAIRS • ASTROTURF
& MORE!

INSTALLATIONS • CLEANINGS
REFINISHING • REPAIRS

Committed To Exceeding Expectations

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Vero Beach, FL 32962

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Your Vero Beach Newsweekly ™ Vero Beach 32963 / July 21, 2022 59

REAL ESTATE

spa adds to the tropical, lagoon-like VITAL STATISTICS in the back garden, on the porch or in
setting and there’s an outdoor shower 210 OSPREY COURT the breakfast nook while having her
so you can rinse off after your morn- morning coffee as she watches the
ing swim or when you’ve spent the Neighborhood: Seagrove West dolphins, manatees and birds.
day boating or kayaking. With a kayak Year built: 1990
launch and private dock that includes “I feel very privileged that we’ve
a boat lift and Jet Ski lift, it is easy to Construction: Concrete block, with stucco had access to such beauty in nature,”
head out for a few hours of fun on the Lot size: 446 feet by 126 feet • Home size: 9,331 square feet she says.
Intracoastal Waterway.
View: Sweeping Intracoastal and lagoon vistas Seagrove West is a guard-gated, riv-
“This is a captivating property situ- Pool: Saltwater with spillover spa erfront community located between
ated on a peninsula with more than Castaway Cove and The Moorings.
446 feet of wraparound Indian River Bedrooms: 6 • Bathrooms: 7 full baths and 1 half-bath Amenities include tennis, pickleball
frontage, uniquely designed to take Additional features: Guard-gated neighborhood; pillowed French and a marina in the quiet, family-
advantage of the wide river views from limestone floors; cook’s kitchen; two gas fireplaces; fitness room; sauna; centric neighborhood, just minutes
nearly every room,” says Sorensen. The jetted tub; office; sunset balcony; poolside guest house; four-car garage away from Saint Edward’s School,
backyard, which is extremely private, with carriage apartment; outdoor shower; kayak launch and dock with beachside shopping and dining along
is lined with rocks and mangroves. Ocean Drive, Riverside Theatre, the
Stairs lead down to the water’s edge. boat lift and Jet Ski lift. art museum, and everything else Ve-
Listing agency: Dale Sorensen Real Estate ro’s charming Village by the Sea has
The owner says she will miss sitting Listing agent: Broker/Owner Matilde Sorensen, 772-532-0010 to offer. 

Listing price: $10,000,000

60 Vero Beach 32963 / July 21, 2022 Your Vero Beach Newsweekly ™

REAL ESTATE

Real Estate Sales on the Barrier Island: July 8 to July 14

The barrier island real estate market took a time-out last week with just two
transactions reported, including one for more than $1 million.

The top sale of the week was of a new residence across A1A from the ocean in The
Strand at Indian River Shores. The home at 75 Strand Drive was placed on the
market Aug. 19, 2021, for $1.275 million. The asking price more recently was $1.32
million. The sale closed on July 12 for $1.265 million.

The seller in the transaction was represented by Sven Frisell and Scott Reynolds
of Compass Florida. The purchaser was represented by April Okun of Keller
Williams Realty.

SINGLE-FAMILY RESIDENCES AND LOTS

SUBDIVISION ADDRESS LISTED ORIGINAL MOST RECENT SOLD SELLING
ASKING PRICE ASKING PRICE PRICE

$1,265,500
THE STRAND AT INDIAN RIVER SHORES 75 STRAND DR 8/19/2021 $1,275,000 $1,320,000 7/12/2022
$900,000
ORCHID ISLAND SUB 1 300 CATHEDRAL OAKS DR 4/6/2022 $900,000 $900,000 7/13/2022

Your Vero Beach Newsweekly ™ Vero Beach 32963 / July 21, 2022 61

REAL ESTATE

What’s behind rising rents and what can be done?

BY ROBERT PINNEGAR The country is also facing a de- residents, which means rents may build and preserve both market-rate
cades-long supply and demand im- need to be adjusted to keep up with and affordable housing.
The Washington Post balance. We need to build 328,000 the operational expenses and over-
new apartment homes at all price due capital improvements. Additionally, we must address
There’s no denying that the cost points each year just to meet the the lack of affordable housing for
of living continues to increase. The current demand, yet that level of Taking action: There is no solitary low- and moderate-income fami-
price we pay for food, transporta- construction has only occurred five solution that will immediately ad- lies by reforming and improving the
tion, clothing, shelter, airfare is on times since 1989. Further, a signifi- dress our housing shortage, but there Section 8 Housing Choice Voucher
the rise. And like every other sector of are steps that can be taken to set us (HCV) program. By overhauling
the economy, housing providers and cant portion of the nation’s housing and investing in this program, we
the more than 40 million Americans was built before 1980 and requires on the right path. can create an effective solution for
who live in apartments are facing in- considerable investment and capi- Reducing regulatory burdens and getting people into homes that they
creased costs. tal improvements to remain opera- can afford.
tional. encouraging the rehabilitation and
But why exactly are rents rising and development of all housing types will Looking to the future: While there
what can be done to help stabilize The hot housing market – fueled help secure the nation’s aging stock is no exact date when we can expect
housing costs? A number of factors by shortages of all housing types, and enable more homes to be built rents to stabilize, the industry and
that affect the housing market make including single-family owner-occu- to meet demand. The Biden admin- its residents can expect some relief
it impossible to pinpoint exactly pied homes – continues to push up istration has recently announced a as global supply chain issues are
when the rental market will stabilize, costs for mandatory operational ex- multifaceted plan that will help our addressed and access to necessary
but here are some important insights penses like property taxes and insur- nation address housing challenges building materials is increased. That,
into what’s driving our nation’s hous- ance premiums. Housing providers head-on, by encouraging zoning re- in addition to an increase in skilled
ing dilemma. must cover these expenses to keep form – 75 percent of residential land laborers, will help strengthen the la-
their rental properties available for is zoned for single-family use – and bor market and reduce construction
A significant imbalance: Ris- deploying new financing tools to and maintenance delays currently
ing rents are a byproduct of limited hampering the housing supply.
supply and high demand across the
rental market. Today, rental housing The first step to solving any prob-
demand is sky-high – with a record lem is understanding the problem.
97.6 percent occupancy rate – as Knowing that a lack of supply and
three generations are choosing to heightened demand have left our na-
rent, including baby boomers who tion, and millions of Americans, with
are interested in downsizing, mil- a severe housing crisis allows us to
lennials and recent Generation Z col- dig deeper into the root causes and
lege graduates. Further, new house- address them properly. While there is
hold formation is on the rise after no quick fix, responsible policies that
two years of tamped demand due will address the underlying issues
to the covid pandemic; three years’ placing upward pressures on rent –
worth of graduates are emerging to the nation’s supply/demand imbal-
find rental housing, and households ance – needs to be the focus.
that may have condensed during the
pandemic are beginning to disperse (Robert Pinnegar is president and
as individuals look for their own CEO of the National Apartment Asso-
homes. ciation in Arlington, Va.) 

62 Vero Beach 32963 / July 21, 2022 Your Vero Beach Newsweekly ™

REAL ESTATE

Affordability, wealth gap persist in housing market

BY MICHELE LERNER mended 30 percent of their income such as Atlanta, 40 percent of homes even before the pandemic and the
The Washington Post on their housing payment. Nearly were purchased by investors during hot housing market there were wide
one-fourth (24 percent) spend 50 per- the first quarter of 2022. disparities between the groups. In
Housing payments for home buyers cent or more of their income on rent. 2019, homeowners had a median
and renters spiked in 2021, but higher The wealth gap between home- wealth of $254,900, about 40 times
levels of construction and reduced Harvard researchers estimate that owners and renters widened further the median household wealth of
competition for homes may ease the about 4 million renters are priced out in recent years because of the rapid renters of $6,270. 
pressure later this year and in 2023, of homeownership because of the appreciation in home values, but
according to “The State of the Na- 20 percent increase in home prices
tion’s Housing 2022” report from the combined with sharply higher mort-
Joint Center for Housing Studies at gage rates. This increases demand for
Harvard University. rental housing. While construction of
apartments and single-family homes
However, affordability issues are for rent has increased, it is not on pace
anticipated to continue to plague to match the housing need.
households with low-to-moderate in-
comes and people of color, according Even among renters who can qual-
to the researchers. ify to buy a home, it can be extremely
challenging to find one that fits their
Rents for apartments and single- budget. The rising share of home pur-
family homes rose approximately 12 chases by investors has contributed
percent during the first quarter of to the lack of homes for first-time
2022 compared with the first quarter buyers, who are increasingly priced
of 2021. In some markets, rents rose out of the housing market.
by as much as 42 percent. In 25 mar-
kets, rents rose by more than 20 per- The investor share of home pur-
cent during that same period. chases averaged 28 percent per month
during the first quarter of 2022, com-
Nearly half (46 percent) of renters pared with 19 percent a year earlier,
are considered at least moderately according to the study, and far above
cost-burdened by their rent, mean- the average share of 16 percent in
ing they spend more than the recom- 2017 through 2019. In some markets,



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July 21, 2022 Volume 15, Issue 29 Newsstand Price $1.00