Disney's Vero Beach sells 26 acres to developer

[ryguy]

You are right. It is really not in Vero Beach, more like Fellsmere/Sebastian. (I know, really splitting hairs but i live here.) It is several miles up A1A on the island from the Vero Beach portion of the island. There are some great restaurants down there. Vero has some really wonderful restaurants for the small size it is.

I am biased. Enjoyed the town and raised my kids here for 13+ years.

I agree. And I think the resort achieves its goal of being a relaxing beachside retreat. Just not sure if the bean counters keep this in the DVC collection past 2042.

 

[Club Cooloholic]

You are right. It is really not in Vero Beach, more like Fellsmere/Sebastian. (I know, really splitting hairs but i live here.) It is several miles up A1A on the island from the Vero Beach portion of the island. There are some great restaurants down there. Vero has some really wonderful restaurants for the small size it is.

I am biased. Enjoyed the town and raised my kids here for 13+ years.

We loved 14 Bones BBQ, great prices, same with the Vero Beach local cinema.

 

[fngoofy]

Just because there are always people there during the time of you visit doesn’t mean they are hitting their occupancy targets year round. They stopped investing is these off property resorts for a reason. They were not nearly as profitable as they hoped they would be and that doesn’t seem to he changing in recent years. They had plans for lots of these off ‘property’ resorts that were cancelled after the less than desired performance of the first two. They learned that most DVC owners wanted to go to WDW. While there are certainly some who want that, it’s not enough for them to consider growth and it wouldn’t surprise me at all if they considered a sale at the end of the current contracts. But a lot can happen in the interim to change that.

ok

 

[Flynnwriter]

Really? Was Disney strapped for cash? How about a nature conservatory?

 

[kurtk]

I agree. And I think the resort achieves its goal of being a relaxing beachside retreat. Just not sure if the bean counters keep this in the DVC collection past 2042.

I agree. I have a feeling they regret the whole thing.

We loved 14 Bones BBQ, great prices, same with the Vero Beach local cinema.

When you say local cinema I assume you mean movies or did you mean Riverside Theatre? Check it out if you haven't, beautiful theatre with some very professional talent.

 

[Club Cooloholic]

I agree. I have a feeling they regret the whole thing.


When you say local cinema I assume you mean movies or did you mean Riverside Theatre? Check it out if you haven't, beautiful theatre with some very professional talent.

Yes, cinema, was Godzilla, prices were great! Totally open to theater though, just tough with kids sometimes. Do they have family friendly productions?
One thing I liked about that whole area was how it was not built up too much, far more low rise places than many other coastal areas. We saw some manatees even, was great, sounds like you had a wonderful area to live in.

 

[kurtk]

Yes, cinema, was Godzilla, prices were great! Totally open to theater though, just tough with kids sometimes. Do they have family friendly productions?
One thing I liked about that whole area was how it was not built up too much, far more low rise places than many other coastal areas. We saw some manatees even, was great, sounds like you had a wonderful area to live in.

The theater depends on the production. It is usually not completely crazy but it does depend on the production. https://www.riversidetheatre.com
My 2 youngest have gone with us the last couple of years (they are now 18 and 17). Under 18 are half price.
Are you DVC members at Vero?
PM if you have any questions

 

[Monorail_Red_77]

Fun Fact: a Disney Merchandise truck delivers goods to Vero Beach daily from the distribution warehouses at Walt Disney World. Sometimes there are two trucks. Usually one refrigerated and one not. I pass them almost every day going to work. I live about 30 mins north or Vero and travel north on I-95 about 15 or so miles. The highlight of my morning to see magic being delivered daily.

 

[MagicRat]

Does Disney give anything back to the DVC owners for the sale? I believe if a hurricane hits the resort and it needs work the dues increase. Shouldn’t the same be made for a unexpected profit?

 

[Phonedave]

Does Disney give anything back to the DVC owners for the sale? I believe if a hurricane hits the resort and it needs work the dues increase. Shouldn’t the same be made for a unexpected profit?

I suspect that this parcel was not part of the Vero Beach property.

As a DVC owner, you own a share of the property (as small share, but still an actual share). That is why we pay property tax.

DVC cannot sell off undeveloped land that is part of the overall Vero Beach deed any more than it could have sold off half the property at OKW. I suspect this is why the Treehouse Villas were developed as part of SSR. The land was likely included in the deed to SSR properties. DVC could not develop it (and then sell it) as a separate property, as the land is part of SSR.

 

[Greg Spear]

I suspect that this parcel was not part of the Vero Beach property.

As a DVC owner, you own a share of the property (as small share, but still and actual share). That is why we pay property tax.

DVC cannot sell off undeveloped land that is part of the overall Vero Beach deed any more than it could have sold off half the property at OKW. I suspect this is why the Treehouse Villas were developed as part of SSR. The land was likely included in the deed to SSR properties. DVC could not develop it (and then sell it) as a separate property, as the land is part of SSR.

Right, Disney had 3 parcels. Parcel a oceanfront is what became dvc phase 1. Parcel b oceanfront was sold and became North Shore Club (7 homes), parcel c inland was split, sold and became seaglass, while Disney retained 14 acres of parcel 3 for parking
The dvc “owners” (time limited) are parcel a, likely to be sold by Disney once the dvc clock runs out. Disney chose not to develop the larger phase 2 of dvc due to lack of demand.