RK, there is an area in the Indian River that has room for some east/west sailing, in addition to the usual north/south. Unfortunately its a bit far north of Vero.
North of Melbourne, north of the Eau Gallie bridge, and south of the next bridge which I think is the Pineda Causeway bridge, there is a somewhat large and deeper part of the Indian River. Melbourne Yacht Club races bigger boats there.
Its aproximately between red 102 and red 98. If you check the chart you may get a better feeling for what the possibilities are. I used that area once to calibrate my compass