Section Image

Waterway Village

Waterway Village

Neighborhood in Vero Beach, Florida

Indian River County 32967

$545,237 Average Value
$278 Average Price per Sq Ft
31 Homes For Sale
Waterway Village
Waterway Village

Meet Waterway Village, Indian River County's largest planned community

When the security gates open at Waterway Village, what's revealed is the result of years of meticulous planning for a natural-looking yet elevated master-planned residential area. Palm trees dot manicured lawns with shade, and lake views can be seen shimmering behind the rise of contemporary homes. Comprised of four separate subdivisions, it's one of the largest planned communities in Indian River County, Florida. Waterway Village is found just 5 miles north of the heart of Vero Beach and only 8 miles from the shores of the Atlantic. "It's very contained – it feels like being in another world, really, but it has that desirable Vero Beach zip code," says Kim Small, a Realtor with Keller Williams Vero Beach. She's been selling homes for over a decade and lives in Waterway Village. "It's a pricier area, but everyone wants to be here."

Found in four subdivisions are private, contemporary homes

On the wide streets and sidewalks, kids ride their bikes after school and groups of friends go on walks around their neighborhood in the mornings before the Florida sun is at its highest. From two-bedroom villas to sprawling six-bedroom homes, the contemporary properties are primarily influenced by Spanish and Mediterranean architecture, often sporting red-tile roofs, arched entryways and stucco exteriors. "It's one of the most desirable communities in Vero Beach, mostly for the privacy and community amenities. Each subdivision has its own amenities, so there's no crossover," Small says. "Tennis courts, resort-style pools, clubhouses, it kind of has it all. All subdivisions have on-site managers, as well." Entry-level pricing for villas starts at $400,000 and can get to $500,000, while three to four-bedroom properties sell between $500,000 and $750,000. The Lakes, considered the most high-end of the subdivisions, have custom estates that sell between $800,000 to just under 1 million. Waterway Village's landscape was meticulously planned with waterways, lakes and nature preserves, giving the community a green atmosphere that stays well-manicured.

Waterway Village
Waterway Village
Waterway Village
Waterway Village
1/2

In-community amenities and a green atmosphere

Several golf clubs surround Waterway Village, and many residents are members of either Quail Valley Golf Club or Sandridge Golf Club. Just 4 miles from Sandridge Golf Club, tee time occurs on two 18-hole championship layouts designed by Ron Garl in the late 20th century. Each subdivision has its own clubhouse and recreation areas where residents can play tennis, find exercise equipment and head down walking paths. "We're only 15 minutes from the beach, so getting over there is super convenient for us," Small says.

Waterway Village
Waterway Village
Waterway Village
Waterway Village
1/2
Waterway Village
Waterway Village

How Waterway Village residents keep the calendar booked

Locals of Waterway Village ensure that something is always happening within the neighborhood. "All the community events are run by the residents," Small says. There are ladies' and men's luncheons, card nights, and dancing events. It has the kind of energy that an active 55-plus community has without actually being 55-plus." Small points out that many residents love Riverside Theatre, found in downtown Vero Beach, for live shows and free music events.

Waterway Village
Waterway Village

Where to run errands and find good eats around Vero Beach

When shopping, residents can head around 10 miles north to Roseland or 6 miles south to West Vero Corridor. "Everyone heads to Roseland for the big shopping since it's got Walmart, Home Depot, and HomeGoods," says Chris Junker, a Realtor with Re/Max Crown Realty, who has a decade of experience selling in the area. Meanwhile, West Vero Corridor is known for the enclosed Indian River Mall and several big-box stores. The coastal side of Vero Beach has a multitude of local eateries, and Small says that residents are more than willing to drive the 8 miles over to South Beach for meals. "Ocean Grill is the oldest restaurant in Vero, and it goes all out for decorating for Halloween and Christmas. Sailfish Brewing is great for drinks, too."

Schooling with Indian River County

Waterway Village is zoned to the Indian River County School District, which receives an A-minus grade from Niche as a district. Many local kids will be sent to Liberty Magnet School for kindergarten through fifth grade, as the school is graded with an overall A-minus and is in the top percentile for best elementary schools in the county. Students can move on to Storm Grove Middle, which receives a B-plus, before heading to A-minus-rated Vero Beach High. The high school offers dual enrollment with Indian River State College so students can take college-level classes at the college, online, or during the summer.

Liberty Magnet School
Liberty Magnet School
Storm Grove Middle School
Storm Grove Middle School
1/2
Waterway Village
Waterway Village

Navigating the area via Route 1

The community heavily relies on nearby Route 1, a major thoroughfare that runs directly up the East Coast. Ramps to Interstate 95 are just a few miles away to the west, and residents mainly depend on cars for transportation outside of the subdivisions. Most residents will catch flights from Orlando Melbourne International Airport, just 33 miles north.

Kaitie Lamb
Written By
Kaitie Lamb
Photography Contributed By
Santiago Barreto
Becky Gaskill
Video By
Becky Gaskill

Agents Specializing in this Area

See All Agents

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Justin Dube, an experienced agent in this neighborhood.

Transit

Airport

Melbourne Orlando International

59 min drive

Crime and Safety

1 - Low Crime, 10 - High Crime Waterway Village US
Homicide 4 4
Sexual Assault 4 4
Assault with Weapon 3 4
Robbery 4 4
Burglary 4 4
Motor Vehicle Theft 3 4
Larceny 2 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$535,000
Median Single Family Price
$572,455
Median 2 Bedroom Price
$432,000
Average Price Per Sq Ft
$278
Number of Homes for Sale
31
Last 12 months Home Sales
120
Months of Supply
3.10
Median List Price
$575,000
Median Discount From 1st List Price
5%
Median Home Sale Price YoY Change
2%

Home Facts

Number of Homes in Neighborhood
657
Median Year Built
2010
Avg. Single Family Home Size Sq Ft
2,009
On par with the national average
1,935
Average Townhouse Size Sq Ft
1,542
Average 2 Bedroom Size Sq Ft
1,555
Median Lot Size Sq Ft
6,969

Open Houses

  • Saturday, Apr 26
    12:30 - 2:30pm

    5199 Eleuthra Cir, Vero Beach, FL 32967

    $619,000

    • 3 Beds
    • 3 Baths
    • 2,018 Sq Ft
    • 5199 Eleuthra Cir
    • New 15 days ago

    Enjoy the screened lanai w/heated pool & private garden views in this 3BR/3BA loaded w/upgrades! Freshly painted inside & out, tile floors in living areas, custom built-ins, entertainment ctr, new lighting & Noguchi chandeliers. Kitchen features white cabinetry, stainless steel appliances, leather-finish quartzite counters & bar-height seating area. Primary suite has walk-in closet/safe room,

    Diane Litzinger RE/MAX Crown Realty VB

    Section Image
  • Saturday, Apr 26
    11am - 1pm

    5282 Eleuthra Cir, Vero Beach, FL 32967

    $599,000

    • 3 Beds
    • 3 Baths
    • 2,018 Sq Ft
    • 5282 Eleuthra Cir

    Standout home in Isles of Waterway Village, a DiVosta built, active resort community! $70k of improvements since May 2024. This desirable Oakmont model has 3 beds, 3 baths, den, and private, screened-in pool. Living room built-ins, soaring 10 and 12 ft ceilings for spacious feel. upgrades and modernization include, crown molding, painting, garage floor epoxy, window coverings, ceiling fans, 24

    Hank Wolff One Sotheby's Int'l Realty

    Section Image
  • Saturday, Apr 26
    12:30 - 2:30pm

    5640 Corsica Place, Vero Beach, FL 32967

    $464,900

    • 3 Beds
    • 3 Baths
    • 2,018 Sq Ft
    • 5640 Corsica Place

    Relax and Enjoy this charming Oakmont Model Home - 3BD/3BA w/Den overlooking the lake! Freshly painted inside & out included the 2 car garage. The Kitchen boasts white cabinets & corian countertops; white appliances; tile throughout main living area; beautiful built-in wall unit w/glass shelves; new carpet in Primary Bedroom w/walk in the closets & his & her bathroom; accordion shutters. Extended

    Diane Litzinger RE/MAX Crown Realty VB

    Section Image

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Justin Dube, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
2,054
Median Age
71
Population Density
3 ppl/acre
Population under 18
7.1%
Below the national average
23.8%
Population over 65
66.3%
Significantly above the national average
19.1%

Finances

Median Household Income
$88,157
Above the national average
$71,702
Average Household Income
$114,415

Education and Workforce

High School Graduates
88.8%
College Graduates
45.8%
Above the national average
34.1%
Advanced Degrees
15.4%
% Population in Labor Force
39.4%
Significantly below the national average
65.1%

Weather

Annual Precipitation
57''
Average Winter Low Temperature
54°F
Average Summer High Temperature
91°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®

47 / 100

Car-Dependent

Walk Score®

2 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Reviews

Are you familiar with the Waterway Village neighborhood? to let others know what life in this neighborhood is like.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Waterway Village