9031 Somerset Bay Ln
Vero Beach, FL 32963
3 bd 3 ba 2,760 sqft Built 2005 condos
Most recent sale
$1,290,000
May 2, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 2, 2024 | Sold | $1,290,000 | IndianRiverCounty |
| Jan 14, 2024 | Listed | $1,395,000 | SpaceCoast |
| Jan 12, 2024 | Listed | $1,395,000 | IndianRiverCounty |
| Jul 8, 2005 | Sold | $690,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $1,009,605 | — | $1,009,605 | $13,908 |
| 2024 | $1,009,605 | — | $1,009,605 | $13,219 |
| 2022 | $709,511 | — | $709,511 | $10,117 |
| 2021 | $614,295 | — | $614,295 | $8,504 |
| 2020 | $614,295 | — | $614,295 | $8,628 |
| 2019 | — | — | $645,568 | $9,366 |
| 2018 | — | — | $633,531 | $9,310 |
| 2017 | $620,500 | — | $620,500 | $9,264 |
| 2016 | $620,500 | — | $620,500 | $9,376 |
| 2015 | $578,000 | — | $578,000 | $8,592 |
| 2014 | — | — | $409,960 | $6,797 |
| 2013 | — | — | $371,280 | $6,187 |
| 2012 | — | — | $417,690 | $6,840 |
| 2011 | — | — | $510,510 | $8,343 |
| 2010 | — | — | $464,100 | $7,614 |
| 2009 | — | — | $483,440 | $7,598 |
| 2008 | — | — | $638,140 | $9,533 |
| 2007 | — | — | $723,350 | $11,012 |
Property facts
Year built
2005
Property type
condos
Stories
4
Beds
3
Baths
3
Living area
2,760 sqft
Lot size
—
ZIP code
32963
City
Vero Beach
Street
Somerset Bay Ln
Coordinates
27.75839, -80.40262
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,106
Gross rental yield
4.75%
Implied cap rate
3.09%
Trend-extrapolated value
—
Frequently asked questions
When did 9031 Somerset Bay Ln last sell?
9031 Somerset Bay Ln most recently sold on May 2, 2024 for $1,290,000.
What is the current tax assessment for 9031 Somerset Bay Ln?
The most recent total assessment for 9031 Somerset Bay Ln (year 2025) is $1,009,605 with $13,908 in property tax.
How does 9031 Somerset Bay Ln's assessment compare to its last sale price?
The current assessment is 21.7% below the last sale price of $1,290,000.
When was 9031 Somerset Bay Ln built?
9031 Somerset Bay Ln was built in 2005.
How does 9031 Somerset Bay Ln compare to others on Somerset Bay Ln?
We track 8 other properties on Somerset Bay Ln. Browse the list under "Other properties on Somerset Bay Ln" to compare beds, baths, and sale history.
What are the property facts for 9031 Somerset Bay Ln?
9031 Somerset Bay Ln is a 3 bed, 3 bath, 2,760 sqft condos.
Is 9031 Somerset Bay Ln a flip candidate?
No — 9031 Somerset Bay Ln does not appear in our flips dataset.
Is 9031 Somerset Bay Ln a tax-appeal candidate?
No — 9031 Somerset Bay Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.7%
Implied 1-yr
-3.0%
2026 Q3
$1.46M
2026 Q4
$1.44M
ZIP 32963 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Somerset Bay Ln