5040 Pendelton Square, Vero Beach, FL 32967

$509,900 — Active Under Contract

Property Features

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Welcome home to this beautifully maintained Martin Ray model in the highly sought-after gated community of The Lakes at Waterway Village in Vero Beach. Built in 2017 and offering 2,094 square feet under air, this 3-bedroom, 2-bathroom home with a den showcases peaceful lake views, thoughtful upgrades, and an ideal Florida lifestyle. From the moment you step inside, you'll appreciate the tile flooring throughout, impact windows and doors, and the light and bright open-concept design. The spacious kitchen is the heart of the home, featuring white shaker cabinetry, granite countertops, a large center island perfect for entertaining, built-in microwave, pull-out trash drawers, oversized pantry, and a convenient butler pantry area for additional storage and prep space. The living and dining areas flow seamlessly to the covered lanai and screened birdcage, where you can relax and enjoy tranquil lake views year-round. The primary suite is privately situated overlooking the water and offers a large walk-in closet, dual sinks, linen closet, water closet, and a spacious walk-in shower. A den with glass French doors provides the perfect flex space for a home office, media room, or guest retreat. The HOA includes lawn care, irrigation, cable, internet, two gated entrances, and access to resort-style amenities including a clubhouse, fitness center, pickleball, tennis, bocce, resort-style pool, and hot tub. Conveniently located close to beaches, shopping, restaurants, hospitals, and medical offices, this home offers the perfect blend of comfort, convenience, and Florida front porch living.

▼ Price Reduced — originally listed at $529,000

Property Details

  • Listing ID: B26029906
  • Status: Active Under Contract
  • Listing Date: 2026-05-18
  • Property Type: Single Family Residence
  • Subdivision: LAKES AT WATERWAY VILLAGE PD PLAT 2A-2
  • County: Indian River
  • MLS Area: 6331 - County Central (IR)
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Living Area Sq Ft: 2,094
  • Lot Dimensions: 50x135
  • Year Built: 2017

Financial

  • List Price: $509,900
  • Original List Price: $529,000
  • HOA Fee: $1,500/mo
  • Taxes: $4,285/yr

Features & Amenities

  • View: Water, Lake
  • Furnished: Unfurnished
  • Pets Allowed: Yes, Breed Restrictions
  • Parking: Assigned, Driveway, Garage, Attached Garage, Attached
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central
  • Flooring: Tile, Wood
  • Construction: Stucco, CBS
  • Roof: Spanish Tile, Tile
  • Interior Features: Built-in Features, Kitchen Island, Pantry, Walk-In Closet(s)
  • Exterior Features: Barbecue
  • Community Amenities: Clubhouse, Fitness Center, Parking, Pool, Spa/Hot Tub, Tennis Court(s), Bocce Ball, Heated Pool, Internet Included, Pickleball Court(s), Sidewalks, Gated, Recreation Facilities

Courtesy of RE/MAX Gold
Contact Paul Kitchen Group to schedule an appointment or call .

RAPB

© 2026 Starfish Real Estate. Listings updated Aug 11, 2026 2:03 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.