At $170/sqft for a 1978 condo, you're getting entry-level pricing in a market where waterfront and newer construction command significant premiums—worth verifying the unit's condition and what restrictions or deferred maintenance might exist in a 45-year-old building. The lack of HOA is unusual and valuable for cash flow, but make sure that's not a red flag indicating the building skips professional management or has underlying structural issues. This price point works only if you're buying for income potential or a long-term hold, since Vero Beach's appeal runs toward newer, well-maintained properties and second-home buyers willing to pay for quality—not the vintage condo segment.

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