#287276, Cheryl I Gerstner, Kit Fields, Listing office: Alex MacWilliam, Inc.
$5,795,000 List price
116 Ocean Way Vero Beach, FL 32963
4 beds
3 full, 2 partial
4,360 sqft
$1,329 / sqft
House
Property details
About 116 Ocean Way
Coastal elegance meets tropical paradise at this stunning turnkey oceanfront retreat in sought-after, guard-gated Seagrove. With 120 feet of direct ocean frontage, this 2012 renovation by Croom Construction features an open floor plan flooded with natural sunlight, floor-to-ceiling windows, and seamless indoor-outdoor living. A true entertainer’s dream, this coastal oasis offers relaxed luxury on one of the most gorgeous stretches of beach in Vero Beach. Includes a lifetime Raised Aluminum Roof.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size4,360 sqft
Year built1988
ParkingGarage
MLS #288508
Garage2 spaces
WaterfrontOcean Access, Ocean Front, Beach
ViewOcean
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 3
- Appliances: Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Trash Compactor, Wine Cooler, Washer, Water Heater
- Flooring Type: Carpet, Marble, Tile, Wood
- Interior: High Ceilings, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s), Master Downstairs
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Parking: Garage
- Waterfront: Ocean Access, Ocean Front, Beach
- View: Ocean
- Exterior: Balcony, Outdoor Shower
- Architectural Style: Two Story
- Heating: Central
- Cooling: Central Air
- List Price: $5,795,000
- Price/SqFt: $1,329
- HOA Amount: $245
- Annual Tax Amount: $45,840
- Tax Year: 2023
- Lot: Waterfront
- Directions: A1A South to SeaGrove.East on Seagrove to Ocean Way and turn right.House on left
- Year Built: 1988
- Stories: 2
- Living Area: 4,360 SqFt
- MLS Number: 288508
- MLS Name: IndianRiver
- Office Name: Engel & Voelkers Vero Beach
- Office Phone: (772) 410-4155
- Listing Agent: Stacy Zielinski
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Realtor Association of Indian River County. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Realtor Association of Indian River County. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/18/2025, 6:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,795,000
116 Ocean Way
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 11, 2003 | Home Sold | $1,800,000 |
| May 07, 1999 | Home Sold | $940,000 |
| Jul 24, 1997 | Home Sold | $875,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $3,302,239 | $45,840 |
| 2022 | $2,985,669 | $41,900 |
| 2021 | $2,700,057 | $41,900 |
| 2020 | $2,670,677 | $39,545 |
| 2018 | $2,686,103 | $43,997 |
| 2017 | $2,763,764 | $40,700 |
History based on county public records data.
Nearby schools
7
Highlands Elementary School
Public District PK-5
3.9 mi
•500 20th St SW
7
Beachland Elementary School
Public District PK-5
4.0 mi
•3350 Indian River Dr E
7
Osceola Magnet School
Public Magnet KG-5
4.5 mi
•1110 18th Ave SW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $123,239. The majority of Vero Beach, FL residents have income between $100k-200k annually. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
8%
<35k
28%
35k-100k
36%
100k-200k
28%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
22%
Single, No Kids
2%
Single, with Kids
61%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
8%
12-17 yrs old
4%
18-34 yrs old
43%
35-64 yrs old
38%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Hiking/backpacking
Men's Tennis
Where do the neighbors shop?
Chico's
Stein Mart
Nordstrom Rack
Where do the neighbors go to eat?
Bonefish Grill
Cracker Barrel
Chipotle
What do the neighbors drive?
Cadillac
Lexus
Mazda
What do the neighbors listen to?
Classical
Oldies
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 116 Ocean Way
The listing price of 116 Ocean Way property is $5,795,000.
The property 116 Ocean Way is a house located in Vero Beach, Florida, 32963.
Active Listing: 116 Ocean Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 116 Ocean Way are: Highlands Elementary School (GreatSchools Rating 7/10), Beachland Elementary School (GreatSchools Rating 7/10), Osceola Magnet School (GreatSchools Rating 7/10), Oslo Middle School (GreatSchools Rating 4/10), Gifford Middle School (GreatSchools Rating 4/10), Imagine at South Vero (GreatSchools Rating 8/10), Alternative Center for Education (GreatSchools Rating 2/10), Vero Beach High School (GreatSchools Rating 6/10), Indian River Charter High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $45,840 (source: MLS/based on county public records data).
The last sale was on February 11, 2003 for $1,800,000 (source: MLS/tax record).
The property at 116 Ocean Way has 4 bedrooms and 3 full and 2 half bathrooms.
The property 116 Ocean Way is 4,360 SqFt (source: MLS/tax record).
The year of construction for 116 Ocean Way is 1988.
This home is located at 116 Ocean Way in Vero Beach, FL and zip code 32963 in the Seagrove neighborhood. This 4,360 square foot home was built in 1988. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 13, 2025 and is currently priced at $5,795,000.
In May 2025, from all listings sold in Vero Beach, FL there were more than 26 sold above asking price, over 253 sold below and more than 51 were sold right at the asked price. The inventory of homes for sale in Vero Beach, FL between April and May 2025 increased by 2.6%. In May 2025, listings were on the market for 105 days. During the same period, the median list price in this real estate market was $400,055.
From Rocket Homes Real Estate and based on county public records data.