BEST BUY ON THE WATER! Effective year built 2005! Nestled within the prestigious gated community of Riomar Bay II this custom-built canal home offers an unparalleled waterfront lifestyle. Relax and entertain under the beautiful covered lanai off the living rm with serene canal views; the built-in grill beckons you to dine alfresco. 4 bedrooms each boasting ensuite baths promise comfort & privacy throughout. A 2nd-floor balcony overlooks the canal, gazebo & the resort-style pool & spa. Elevator, loft, office, wood floors, and a new dock. 2-2022 & 2-2018 AC units. Sizes approx. /subj. to error.
Single-familyProperty Type
1989Year Built
$581Price/Sq.Ft.
$390/moHOA Dues
2 car garageParking
Listed by Matilde Sorensen• Dale Sorensen Real Estate Inc.
Contact: 772-532-0010
Bought with Rita Curry• Dale Sorensen Real Estate Inc.
Est. $8,864 per month, based on comparable rentals
Sale and tax history for 740 Lagoon Rd
Sale History
Tax History
Date
Event
Price
RAIRCMLS #272020
May 29, 2026
Sold
$2,950,000
$581/sq ft
Mar 2, 2026
Contingent
—
Jun 9, 2025
Price Changed
$2,990,000
$589/sq ft
Apr 29, 2024
Price Changed
$3,299,000
$649/sq ft
Mar 4, 2024
Price Changed
$3,500,000
$689/sq ft
Oct 6, 2023
Listed
$3,900,000
$768/sq ft
Beaches MLS #1
Jun 9, 2025
Price Changed
$2,990,000
$589/sq ft
Apr 29, 2024
Price Changed
$3,299,000
$649/sq ft
Mar 4, 2024
Price Changed
$3,500,000
$689/sq ft
RAIRCMLS #147267
May 2, 2016
Sold
$1,325,000
$261/sq ft
+20
This custom traditional-inspired residence offers relaxed resort-at-home waterfront living in a desirable gated community. Beautiful architectural millwork. Dramatic 2-story living room. Open family room w/ fireplace. Bedrooms 1st FL /2nd gallery library & office. Outdoor entertainment area features pool/spa & pavilion w/ summer kitchen. Dock. Sizes approx. See full disclaimer attachment.
Beaches MLS #RX-10051037
Apr 1, 2016
Listing Removed
—
Jun 17, 2014
Listed
$1,549,000
$305/sq ft
RAIRCMLS #76603
Dec 21, 2010
Sold
$1,175,000
$231/sq ft
Public Records
Apr 1, 1989
Sold
$895,000
$176/sq ft
Public Records
Feb 1, 1988
Sold
$160,000
$31/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$24,006 (+4.2%)
2024
$23,041 (+4.7%)
2023
$22,006 (+2.9%)
2022
$21,396 (+1.1%)
2021
$21,152
2020
$21,137 (−0.4%)
2019
$21,225 (+0.1%)
2018
$21,203 (+0.2%)
2017
$21,156 (+9.0%)
$510,000 + $717,989
$1,227,989
2016
$19,415 (+1.6%)
2014
$19,105
Public record
Public record
Zoning
Permits
Beds
3
Baths
5
Stories
2
Lot width
110 ft.
Lot depth
231 ft.
Lot size
0.58 Acres
Year renovated
2005
Sq. Ft.
5,080
Year built
1989
Style
Single Family Residential
County
Indian River County
APN
33400500029000000034.0
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 8, 2026.
R-1AA
Single-Family Residential District
These districts are designed to provide suitable areas for low-density residential development where appropriate urban services and facilities are provided or where the extension of such services and facilities will be physically and economically feasible. These districts will be characterized by single-family detached structures and such other structures as are accessory thereto. These districts also may include, as conditional uses, community facilities and utilities which serve specifically the residents, or which are benefited by and compatible with a residential environment.; It is the express purpose of this section to exclude from this district all buildings or other structures and uses having commercial characteristics, whether operated for profit or otherwise, except that home occupations specifically provided for in these regulations shall be allowed if they otherwise conform to the provisions of this chapter.; These districts also may include, as conditional uses, places of worship, public parks and recreation areas, golf courses and country clubs, public and private utilities, educational institutions, cultural activities, and day care services which serve specifically the residents or which are benefited by and compatible with a residential environment.
Permitted uses
Include but are not limited to:
Housing-Single unit
Nov 8, 2018 • Final
Residential
Renovate a bathroom.
Bathroom
Remodel
Dec 12, 2013 • Final
Residential
Work on a pavilion.
ADU
Electrical
Plumbing
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage/Carport Information
Has Garage
# of Garage Spaces: 2
Parking
Features: Attached, Garage, Garage Door Opener, Paver Block
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 5
# of Half Bathrooms: 1
Room Information
# of Rooms (Total): 14
Room 2 Information
Dimensions: 25x8
Room 3 Information
Laundry
Room 4 Information
Loft
Room 5 Information
Breakfast Room/Nook
Room 6 Information
Den
Dimensions: 16x13
Room 7 Information
Family Room
Dimensions: 25x19
Room 8 Information
Bedroom
Dimensions: 13x11
Room 9 Information
Bedroom
Dimensions: 14x12
Room 10 Information
Bedroom
Dimensions: 14x16
Room 11 Information
Bedroom
Dimensions: 22x18
Room 12 Information
Kitchen
Dimensions: 17x12
Room 13 Information
Dining Room
Dimensions: 14x11
Room 14 Information
Living Room
Dimensions: 26x16
Laundry Information
Features: Laundry Room, Laundry Tub
Fireplace Information
Has Fireplace
# of Fireplaces: 2
Equipment
Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Wine Cooler, Washer
Interior Features
Window Features: Single Hung, Window Treatments
Door Features: French Doors
Unfurnished
Flooring: Carpet, Tile, Wood
Other Features: Wet Bar, Built-in Features, Elevator, High Ceilings, Kitchen Island, Primary Downstairs, Vaulted Ceiling(s), Walk-In Closet(s), French Door(s)/Atrium Door(s)