The property at 5118 Formosa Circle, Vero Beach, FL 32967, built in 2013, is a 2,000 square foot Single Family and has 3 bedrooms and 2 bathrooms. It is situated on a lot that is 6,970 square feet and was last tax assessed in 2024 for a valuation of $447,336
The estimate for this property has experienced a -1.63% decrease in the past 6 months reaching a value of $573,296.
- FL
- Vero Beach
- 5118 Formosa Cir
- Parcel Number32-39-21-00011-0000-00393.0
- CountyINDIAN RIVER
- Stories1
Property Tax History
Source: Public Records
| Year | Assessment |
|---|---|
| 2023 | $342,176 +3.00% |
| 2022 | $332,210 +14.25% |
| 2021 | $290,763 +33.17% |
| 2020 | $218,347 |
| 2019 | $218,347 +2.30% |
| 2018 | $213,438 +4.04% |
| 2017 | $205,150 +2.81% |
| 2015 | $199,540 +4.60% |
| 2014 | $190,770 |
Valuation History
Source: Public Records
| Month | Valuation | Single Family Homes Sold | Median Sales Price/Sqft |
|---|---|---|---|
| Dec 2025 | $573,296 | - | - |
| Nov 2025 | $579,201 | - | - |
| Oct 2025 | $564,619 | - | - |
| Sep 2025 | $565,245 | - | - |
| Aug 2025 | $569,275 | - | - |
| Jul 2025 | $584,596 | - | - |
| Jun 2025 | $582,131 | - | - |
| May 2025 | $582,789 | - | - |
| Apr 2025 | $573,698 | - | - |
| Mar 2025 | $577,842 | - | - |
| Feb 2025 | $570,978 | - | - |
| Jan 2025 | $584,418 | - | - |
| Dec 2024 | $590,855 | - | - |
| Nov 2024 | $587,747 | - | - |
| Oct 2024 | $595,589 | - | - |
| Sep 2024 | $578,059 | - | - |
| Aug 2024 | $588,294 | - | - |
| Jul 2024 | $589,801 | - | - |
| Jun 2024 | $590,645 | - | - |
| May 2024 | $599,647 | - | - |
| Apr 2024 | $602,247 | - | - |
| Mar 2024 | $592,392 | - | - |
| Feb 2024 | $615,684 | - | - |
| Jan 2024 | $634,020 | - | - |
| Dec 2023 | $647,237 | - | - |
| Nov 2023 | $644,404 | - | - |
| Oct 2023 | $617,461 | - | - |
| Sep 2023 | $571,107 | - | - |
| Aug 2023 | $615,786 | - | - |
| Jul 2023 | $610,413 | - | - |
| Jun 2023 | $615,986 | - | - |
| May 2023 | $624,910 | - | - |
| Apr 2023 | $634,091 | - | - |
| Mar 2023 | $646,704 | - | - |
| Feb 2023 | $555,000 | - | - |
| Jan 2023 | $534,000 | - | - |
| Dec 2022 | $522,500 | - | - |
*Market History, including Median Sales Price per square foot, and Single Family Homes Sold is based on historical data of Zip Code: 32967 - FL
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 27,125 | 16,046 | 162,933 | 335,858,263 |
| Population Density | 668 | 1,394 | 324 | 95 |
| People per Household | 2.5 | 2 | 2.3 | 2.6 |
| Median Age | 42.6 | 51.9 | 50.1 | 39.1 |
| Median Income | $61,004 | $52,409 | $59,523 | $66,222 |
| Average Income | $35,730 | $46,553 | $39,671 | $35,475 |
| Cost of Living Index | 97 | 80 | 89 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 50.4°F | 52.7°F | 50.69°F | 22.6°F |
| July Avg. High Temp | 90.4°F | 90.4°F | 90.4°F | 86.2°F |
| Annual Precipitation | 55.58" | 51.93" | 55.12" | 38" |
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