Three and Four Bedroom Homes for Sale in Vero Beach, Florida

Distressed Sale Homes in Vero Beach, Florida

Property Prophets are offering buyers huge discounts off the price of all remaining luxury homes in this exclusive resort. Millstone Landing represents Shelby Homes' latest masterpiece of design - 613 single-family homes and a decked-out clubhouse nestled among lakes and a nature preserve in the NEW Vero Beach. Well thought out in its approach, Millstone Landing offers thirteen innovative home designs, each home design with three dazzling exteriors worthy of the affluent, yet at an affordable price. The designs are divided into the Woodlands Collection and the Tiffany Collection, each showcased within separate intimate enclaves throughout the site. Both collections are equipped with the finest of finishes that bring elegance to a home while allowing ease of care for those "on the go."

The homes are complete and ready for occupation and represent an excellent investment. For a limited time, these homes are offered to investors for as little as £6,875 DOWN with a 100% mortgage for a $335,000 property. The developer is also GIFTING THE 30% DEPOSIT, at prices which are ALREADY DISCOUNTED BY UP TO 50%. The properties have been recently valued and being sold at LESS THAN 30% BELOW MARKET VALUE, giving up to $127,500 INSTANT EQUITY.

In addition to this, ALL CLOSING COSTS ARE PAID BY THE DEVELOPER, and YOUR FIRST 12 MONTHS MORTGAGE PAYMENTS ARE INCLUDED!

Whilst all of the homes have already been recently completed, the tennis courts and clubhouse will not be completed until the end of November, however, transfer of title of these properties will be during this period so everything will be ready prior to your tenants moving in. As part of the agreement with the rental company, all HOA fees will be paid by the tenant.

The HOA fee includes membership of the clubhouse incorporating all of the facilities which is just $160-$210 per month depending on the property. While your property is tenanted, you will not be responsible for paying this fee.

The developer is also paying 50% of your first years property tax, which is between $2,400 and $4,000 depending on the tax valuation, so for the first year, you will only pay $1,200 to $2,000 at the end of the year.

The quality of the development and profile of the residents is evident in the fact that there have only been 8 short sales on the whole development of 619 properties, which have all been priced far higher than our prices.

There are 6 different type of property available ranging from the three bedroom, two bathroom single level Cypress model, to the four bedroom, three bathroom two story evergreen model. Please contact us for specific details of the houses on offer.

Luxury Appointments Within Your New Home

• Monitored alarm system with contacts at all operable windows and doors
• 18"x 18"ceramic tile floors in the foyer, kitchen, breakfast area and laundry room in many designer selections
• Durable nylon carpeting
• Textured ceilings throughout
• Arches (per plan)
• High efficiency central air conditioning
• Energy efficient R-30 blown ceiling insulation
• Textured walls throughout (except baths)
• Coffered ceiling in the Master Bedroom
• 50-Gallon (one-story homes) and 65-gallon (two-story homes) hot water heaters with quick refill cycle
• Recessed lights placed efficiently throughout (per plan)
• Smoke detectors
• Electric door chime
• 8'sliding glass doors
• 8'Colonist interior style doors
• Colonist style door trim and 5 1/4 marble window sills throughout home, gray/white
• Spacious linen closets
• Ventilated closet shelving
• Air conditioned walk-in closets, baths, and laundry rooms
• Rocker style electrical switches
• Pre-wired for ceiling fans in family room and all bedrooms
• State-of-the-Art Structured Wiring Package: RG6 cable pre-wired in family room and all bedrooms, CAT5 phone line pre-wired in kitchen and all bedrooms
• Your Laundry Area: Extra large capacity washer, 5.4 Large capacity dryer

Exterior Features

• Architecturally designed exteriors with a choice of three elevations per plan
• Variety of coordinated exterior color palettes from which to choose
• Concrete paved driveway, walkway, front entry and patio
• Steel Panel shutters on all exterior windows and applicable doors to meet current building code requirements
• Concrete block with reinforced columns
• Steel reinforced foundations
• Covered entries with 8' raised paneled entry doors
• Covered rear patio
• Front covered porch (per plan)
• Automatic sprinkler system with timer
• Thoughtfully designed landscaping package
• Two-and-Three car garages, garage door opener(s), each with two remotes (per plan)
• White aluminum window frames and screening
• Factory tinted window glass
• Decorative coach lights on garage
• Vented stucco soffits
• Weatherproof GFI electrical outlets placed around exterior (per plan)
• Street lights throughout community
• Termite treated foundation
• Connections for water around the exterior (per plan)
• Ten year Structural Warranty Program

Magnificent Kitchens

• Spacious separate breakfast areas
• Pantry (per plan)
• European style raised panel foil door cabinetry with 42"upper cabinets in a variety of styles
• Luxurious natural granite countertops with fully tiled backsplash
• 1/3-2/3 white undermount Lakefield sink with MoenOne Touch faucet
• Full Kitchen Appliance Package in choice of black, white or biscuit
• 22 cu. ft. side-by-side refrigerator with ice and water dispenser in the door
• 5-cycle dishwasher with potscrubber cycle
• 30"range with ceramic cooktop
• Microwave above cooking range
• Garbage disposal

Inside Your Bathrooms

• Cultured marble soaker tub in master bath
• 36"vanities in master bath with raised panel foil cabinetry and cultured marble tops
• Elongated commodes
• Ceramic tile in master baths in bone or white
• Clear glass enclosed shower in master
• Decorative glass block detailing (per plan)
• Ceramic tile in secondary baths
• Moen faucets with 8" spread in master bath
• Bathroom mirrors and medicine cabinet
• Cultured marble countertops with integrated sinks in secondary bath

Location

Vero Beach, Florida, USA

Construction Schedule

This is a completed property, ready to rent or move in.

Facilities And Maintenance

Community Features

• Maintained lawns
• Gated Entry with remote control access for residents Waterways
• Centrally monitored alarm system
• Schools, Shopping and dining in the immediate area
• Fishing, golfing and world-class entertainment just minutes away

Resort-Style Recreational Facilities

• Community Clubhouse
• Fitness Center with the latest style equipment to maintain health and wellness
• Card room
• Library/Tech center
• Tropical-style pool with sundeck and shaded areas
• Two tennis courts
• Basketball Court

Payment Terms

The procedure is as follows:

• Reservation form filled in
• Deposit paid
• Pre qualification form filled in
• Pre approval received
• 1003 Form filled in over the phone
• 1003 Sent to for signing
• Contract sent for signing
• Soft copies of 1003 and Contract to be sent back
• Hard copies of 1003 and Contract to be sent back via email
• Completion

The following documents will be required:

• Copy of passport
• Proof of income
• Employers letter or accountants letter
• Credit reference letters from 3 institutions

The following forms will be completed:

• Reservation form from master agent
• Pre-qualification mortgage form
• 1003 mortgage form
• Purchase contract

Financing this Development

Millstone Landing has already been valued by a AAA rated US Bank who are providing all of the mortgages. The typical rate achievable for this investment is 6.25% for 15 or 30 years. This is an interest only mortgage with no redemption penalties.

As the promoter is paying the 30% deposit on your property, and 70% mortgages are being offered, you are effectively buying this investment with a 100% mortgage. The promoter is also paying all closing costs, so the given deposit is all you will have to pay.

Property Management

An internationally recognized property management company has been approached to rent these properties on a long-let basis and they have agreed to do so. The company see no problem filling the remaining units with tenants due to the prestige of the area and the huge demand for rented accommodation.

A conservative estimate of $1,700 to $3,000 per month rent will be achieved with costs of 10 to 12% per month going to the management company. Please contact us for a detailed cost breakdown / analysis for each property type.

About the Immediate Vicinity

Vero Beach is the county seat for Indian River County which encompasses 617 square miles & includes 5 incorporated towns; Vero Beach, Sebastian, Fellsmere, Orchid, and Indian River Shores. Strict building codes, a watchdog government, and an exceptionally high rate of charitable contributions & individual volunteerism contributes to the peaceful and idyllic lifestyle found in Vero Beach, Sebastian and Indian River County.

What’s so special about Vero Beach?

It’s where the tropics begin in Florida. There are 26 miles of pristine uncrowded beaches to enjoy the ocean. Money magazine voted Vero Beach as one of the top 10 places to live in the United States. It is low density living because no structures taller than 35 feet are permitted. Offshore the Gulf Stream ensures the daytime temperatures in Vero Beach seldom drop below 70 degrees.

Living is easy in communities designed to fit every lifestyle from comfortably affordable to luxury estates. Vero Beach boasts an active arts community. The Vero Beach Museum of Art is a world class accredited teaching facility that features art exhibits, a sculpture garden, studio art and humanities classes, exhibition tours, performances, film studies, art research library, workshops, seminars and youth events.

Riverside Theater of Vero Beach is a performing arts theater that presents professional troupes and companies, family theater, acting classes plays and musicals and has a very active children’s theater. The arts and cultural activities in Vero Beach are strongly supported by the citizens which Wikipedia states is comprised of more retired Fortune 500 CEO’s than any other location in the world and has the fourth highest concentration of wealthy households in the country.

The Vero Beach Bridge Center is rated the 7th largest face-to-face bridge club in North America by the ACBL. Many people move to Vero Beach to enjoy the facilities of the bridge center which has games 363 afternoons a year, plus Wednesday and Friday mornings and Thursday evenings. If Polo is your game, There are two centers, The Vero Beach Polo Center at Point West and Windsor, where matches are played from January through mid April. Often times well known people, like Tommy Lee Jones, play in these matches. If you just want to be pampered, Vero Beach has two four star luxury hotels, the Vero Beach Hotel and Spa and Costa d’Este, both located directly on the ocean. The Vero Beach Hotel and Spa is a Kimpton Hotel while the Costa d’Este was opened by Emilio and Gloria Estafan. Golf is very popular in Vero Beach. There are seven private clubs and a municipal course operated by Indian River County that provide a wide range of challenges. Vero Beach also has many fine dining restaurants that feature many cuisines. So if you enjoy casual elegance, uncrowded beaches, a tropical climate, an incomparable quality of life and many outdoor activities, Vero Beach, Florida is the place for you.

There are 10 Schools in the immediate vacinity, seven public and three private schools.

Vero Beach Demographics

As of the census of 2000, there were 112,947 people, 49,137 households, and 32,725 families residing in the county. The population density was 224 people per square mile (87/km²). There were 57,902 housing units at an average density of 115 per square mile (44/km²). The racial makeup of the county was 87.43% White, 8.19% Black or African American, 0.25% Native American, 0.74% Asian, 0.03% Pacific Islander, 2.15% from other races, and 1.21% from two or more races. 6.53% of the population were Hispanic or Latino of any race.

There were 49,137 households out of which 21.70% had children under the age of 18 living with them, 54.50% were married couples living together, 8.90% had a female householder with no husband present, and 33.40% were non-families. 28.20% of all households were made up of individuals and 16.10% had someone living alone who was 65 years of age or older. The average household size was 2.25 and the average family size was 2.72.

In the county the population was spread out with 19.20% under the age of 18, 6.00% from 18 to 24, 22.30% from 25 to 44, 23.30% from 45 to 64, and 29.20% who were 65 years of age or older. The median age was 47 years. For every 100 females there were 93.70 males. For every 100 females age 18 and over, there were 90.80 males.

The median income for a household in the county was $39,635, and the median income for a family was $46,385. Males had a median income of $30,870 versus $23,379 for females. The per capita income for the county was $27,227. About 6.30% of families and 9.30% of the population were below the poverty line, including 13.60% of those under age 18 and 5.70% of those age 65 or over.

Source: Wikipedia