1443 19th Place, Vero Beach, FL, 32960 | $1,395,000

Historic Mixed-Use Landmark | Downtown Vero Beach, Florida Boutique Hospitality • Residential Income • Retail & Commercial Opportunity Own a piece of Vero Beach history with this beautifully restored 1918 landmark property, ideally situated in the heart of Downtown Vero Beach's thriving Cultural Arts Village. Combining timeless Old Florida charm with extensive modern upgrades and flexible mixed-use zoning, this unique property offers an exceptional opportunity for investors, hospitality operators, restaurateurs, entrepreneurs, or those seeking a live-work lifestyle. Located within walking distance of Vero Beach's premier restaurants, boutiques, galleries, breweries, and entertainment venues, this one-of-a-kind property provides multiple income streams and endless possibilities. Property Highlights Historic 1918 landmark property Thoughtfully renovated and updated in 2022 Mixed-use zoning allowing residential, hospitality, retail, restaurant, and commercial uses Eight guest accommodations with six-and-a-half bathrooms Three private en-suite guest rooms Additional guest accommodations ideal for short-term, weekly, or monthly rentals Fully equipped communal kitchen for guests Previously configured as a 10-bedroom estate and redesigned to optimize hospitality operations Dedicated parking for 10 vehicles Additional street parking and public parking directly across the street Updated electrical, plumbing, HVAC systems, and hardwood flooring throughout Income-Producing Components Boutique Hospitality / Bed & Breakfast Opportunity The property is ideally suited for boutique hospitality operations, offering multiple guest accommodations, private suites, communal gathering areas, and an authentic historic atmosphere that appeals to travelers seeking a unique Vero Beach experience. Owner's Residence or Rental Apartment A charming 2-bedroom, 1-bath apartment provides flexibility as: Owner's residence On-site manager's quarters Long-term rental unit Premium guest suite Retail, Gallery, Café or Event Space Approximately 400 square feet of commercial space with a private half bath connects directly to the expansive wraparound porch, creating an inviting setting for: Boutique retail store Wine bar Café Art gallery Tasting room Event venue Detached Studio Building The detached 900-square-foot studio has been extensively improved and includes: Upgraded electrical and plumbing New insulation and drywall Full bathroom Washer and dryer connections Potential uses include: Artist studio Guest cottage Executive office Wellness or fitness space Additional income-producing rental unit Extensive 2022 Capital Improvements Significant renovations and upgrades completed in 2022 include: New roof Upgraded insulation New impact-resistant windows on the second floor Comprehensive termite treatment with transferable warranty New hardwood flooring throughout Addition of two new en-suite bathrooms upstairs Updated electrical systems and fixtures Modern interior finishes Updated HVAC systems on both floors Extensive interior and exterior improvements Prime Downtown Vero Beach Location Located in the heart of Downtown Vero Beach's Cultural Arts Village, the property enjoys exceptional walkability to: Fine dining restaurants Boutique shopping Art galleries Breweries and entertainment venues Community events and cultural attractions The property is also: Minutes from Vero Beach's Atlantic Ocean beaches Conveniently located near I-95 Easily accessible to Florida's Turnpike Future Growth Potential The surrounding neighborhood has recently undergone mixed-use rezoning, creating exciting opportunities for future growth, redevelopment, and appreciation while preserving the area's historic charm and walkable downtown character. Whether operated as a boutique inn, hospitality destination, mixed-use investment property, live-work residence, event venue, or commercial redevelopment opportunity, this landmark property offers a rare combination of history, location, flexibility, and income potential in one of the Treasure Coast's most desirable markets. Ashley Gonzalez Ohana Real Estate Co

Features

  • Property Type: Mixed Use
  • Construction: Frame
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Parking: Guest, On Street
  • Levels: 2
  • Heating: Central, Electric
  • Cooling: Central Air, Electric
  • Units: 1
  • Zoning: DTW
  • Year Built: 1918
  • Acreage: 0.21
  • Est. Taxes: $7,526
  • Lot Desc: Corner Lot
  • MLS#: B26040794
  • Website: https://www.raveis.com
    /prop/B26040794/144319thplace_verobeach_fl?source=qrflyer
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Listing courtesy of Ohana Real Estate Co.

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1443 19th Place, Vero Beach, FL, 32960

$1,395,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,116,000 $1,116,000 $1,116,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.086% 6.183%
Monthly Tax Payment $627 $627 $627
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,337 $6,691 $9,417
Total Monthly Payment $7,089 $7,443 $10,169

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.