Vero Beach, Florida, #2 Place To Buy Now (from CNN Money & Business 2.0)

By
Real Estate Broker/Owner with Buy USA Real Estate

The 5-year projected gain in home home prices for Vero Beach, Florida is 64%!

This market is not for flippers. This market is for folks that "have the patience to buy and hold".

One cited reason is that Indian River County , where Vero Beach is located, and its two closest neighbors are projected to need "154,000 new homes during the next 25 years to house the growing population and replace old structures."

Vista Royale is an undervalued 55+ condominium community within Vero Beach. It is a 1500+ unit community designed for active adults, boasting 4 clubhouses, each with fitness rooms, pools, tennis courts, and more. This 600 acre community is designed around 18 holes of golf. The community also borders the environmentally sensitive Indian River Lagoon estuary and its mangrove wetlands. Throughout the community the landscape architecture is tropical and lush. Vista Royale also borders McKee Botanical Gardens.

The full feature from where the above thumbnail is pulled can be found at:

http://money.cnn.com/magazines/business2/newrules_realestate/index.html

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Rainer
434,914
Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission.
Florida List For Less Realty, Inc. Broker/Owner. - Cooper City, FL
I have tons of investors sitting on land in Vero Lakes Estates.. Eventually that area will turn for the better...
Jan 15, 2007 09:54 PM #1
Rainer
4,771
Kel LaBranche
Buy USA Real Estate - Vero Beach, FL
Vero Beach, Florida EBA

Hi Scott,

Don't know how long you have been associated with Vero Lake Estates but there was a fantastic "turn" in  the fall of 03 when hundreds of small home lots appreciated from the $5,000 to $7,000 range to $25,000 to $35,000 in the span of a few months.  There was a feeding frenzy going on.  Believe the roads need to get paved and sewer and water installed throughout before the next significant leap may occur.

It is my belief that the Vero Beach's 55+ Vista Royale condominium community is presently under valued in a similar fashion.  My opinion is that many of the condos offered for sale there today are currently undervalued by 30% or more compared to like 55+ communites located on coastal Florida communities from here all the way down South and around and North to Tampa!   

Jan 16, 2007 05:20 AM #2
Rainer
38,088
Sue Paige
ERA Today Realty, Windham, ME 04062 - Windham, ME

This is great info. What if a person owns a horse and wants it with them? Is there a place for that also for a person from Maine who might like a retreat when the snow is too deep here or when the temps are too cold for me.

sue from maine

Jan 19, 2007 07:40 AM #3
Rainer
4,771
Kel LaBranche
Buy USA Real Estate - Vero Beach, FL
Vero Beach, Florida EBA

Dear Sue,

The answer is a resounding yes!

Vero Beach is located pretty much where the tropics begin.. if you're heading south. We are the last coastal community to be nudged by sprawl and development as it moved north. Imagine the soutern part of Florida being shaped like a wine glass. This is where the wine level is. This has had great advantages. We have always benefited from the latest and greatest "state of the art" in planning and infrastructure, building codes, etc. We are benefiting (much) from the latest "managed growth" political momentum too. And, this county remains a rural community for the most part where, after tourism, and not including construction, citrus and cattle are still king. We have several equestrian communities, boarding stables, and several polo grounds.

Allow me to share this snippet on the Special Equestrians for you.

Thank you for your inquiry.

Jan 19, 2007 08:51 AM #4
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Kel LaBranche

Vero Beach, Florida EBA
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