At $2,500 for a waterfront unit, you're looking at a deeply discounted entry point to Vero Beach's barrier island—likely a tear-down or substantial renovation situation given the 1970 vintage and price-per-square-foot, so factor in realistic rehab costs before getting excited about the waterfront location. The real question is whether you're buying the land and Indian River access (which carries genuine value in a development-controlled market like this) or inheriting major structural issues that make it more speculative than investment-grade. No HOA is a plus for cash flow, but verify what utilities, dredging rights, or waterfront maintenance obligations come with the property before committing.

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