$2,495,000
SOLD JUN 6, 2022

121 Palm Island Ln Vero Beach, FL 32963

3 Beds
3.5 Baths
3,673 Sq Ft
0.29 Acres

Recently Sold

$679 Per Sq Ft

45 Days on Market

Highlights

  • Beach Access
  • Fitness Center
  • Free Form Pool
  • Beachland Elementary School Rated A-
  • Gated with Attendant
  • Private Membership Available

About This Home

As of December 2024

Stunning carriage home w/prime location reveals secret garden. Brazilian Walnut floors & beautiful millwork. Gt Rm w/custom built ins. Cherry wood Den w/fireplace. Eat-in kitchen w/pot filler, gas cooktop & Miele coffee maker. Butler’s Pantry w/icemaker & fridge. Generous 1st floor Master Ste. Upstairs loft anchors 2 Beds ensuite. Fabulous resort lifestyle w/Beach Club, Marina & more.

Last Agent to Sell the Property

Cindy Schulz-Long

Berkshire Hathaway Florida License #3348487 Listed on: 03/22/2022

Berkshire Hathaway Florida

Last Buyer's Agent

Cindy Schulz-Long

Berkshire Hathaway Florida License #3348487 Listed on: 03/22/2022

Berkshire Hathaway Florida

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,076

Year Built

  • Built in 2003

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 83x151
  • North Facing Home
  • Sprinkler System
  • Wooded Lot
  • Many Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,673 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Window Treatments
  • French Doors
  • Garden Views
  • Security System Owned

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Closet Cabinetry
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry on lower level
  • Dryer
  • Washer
  • Laundry Tub

Pool

  • Free Form Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Beach Access
  • Balcony
  • Covered patio or porch
  • Built-In Barbecue
  • Rain Gutters

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 31393600031000100007.0

Community Details

Overview

  • Association fees include ground maintenance, pest control, pool(s), recreation facilities, reserve fund, security, trash
  • Private Membership Available
  • Elliott Merrill Mgmt Association
  • Palm Isl Plantation Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,076

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.29
  • Lot Size: 83x151
  • Ownership: Single Family/Other
  • Subdivision Name: Palm Isl Plantation
  • Directions: A1A North from Beachland Blvd to Palm Island Plantation on the West side. Guard will direct.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 2003
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-1270
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Community, Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Wine Cooler, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Slate, Tile, Wood
  • Interior Amenities: Wet Bar, Built-in Features, Bathtub, Closet Cabinetry, Crown Molding, High Ceilings, Jetted Tub, Master Downstairs, Vaulted Ceiling(s), Walk-In Closet(s), Central Vacuum, French Door(s)/Atrium Door(s)
  • Living Area: 3673.0
  • Stories: 2
  • Window Features: Single Hung, Window Treatments
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Moderate Trees, 1/4 to 1/2 Acre Lot
  • Pool Features: Free Form, Electric Heat, Heated, Other, Pool, Private, Community
  • Pool Private: Yes
  • View: Garden
  • View: Yes
  • Waterfront Features: None, Beach Access
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block, Frame, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Sprinkler/Irrigation, Porch, Rain Gutters, Propane Tank - Owned
  • Patio And Porch Features: Covered, Porch
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener

Utilities

  • Laundry Features: Laundry Closet, Lower Level, Laundry Tub
  • Security: Security System Owned, Gated with Guard
  • Cooling: Central Air, Ceiling Fan(s), Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Barbecue, Club Membership Available, Clubhouse, Fitness, Pool, Sidewalks, Gutter(s)
  • Association Fee: 1081.0
  • Association Name: Elliott Merrill Mgmt
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Pest Control, Pool(s), Recreation Facilities, Reserve Fund, Security, Trash

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 31393600031000100007.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9076.0
  • Tax Lot: 7
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2023
Closed on
Nov 20, 2024
Sold by
Ferro Dennis H and Ferro Ellen M
Bought by
Vita Reinoso Living Trust and Reinoso
Seller's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
Buyer's Agent
Matilde Sorensen
Dale Sorensen Real Estate Inc.
List Price
$2,600,000
Sold Price
$2,500,000
Premium/Discount to List
-$100,000
-3.85%
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.67%

Purchase Details

Listed on
Mar 22, 2022
Closed on
Jun 6, 2022
Sold by
Roger Long W
Bought by
Ferro Dennis H and Ferro Ellen M
Seller's Agent
Cindy Schulz-Long
Berkshire Hathaway Florida
Buyer's Agent
Cindy Schulz-Long
Berkshire Hathaway Florida
List Price
$2,495,000
Sold Price
$2,495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.08%

Purchase Details

Closed on
Feb 26, 2004
Sold by
Palm Island Plantation
Bought by
Long W Roger and Schulz-Long Cynthia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$843,500
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,500,000 None Listed On Document
Warranty Deed $2,500,000 None Listed On Document
Warranty Deed $2,495,000 None Listed On Document
Warranty Deed $1,205,000 --
Warranty Deed $1,205,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $750,000 Adjustable Rate Mortgage/ARM
Previous Owner $843,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 For Sale $2,595,000 +3.8% $707 / Sq Ft
12/02/2024 12/02/24 Sold $2,500,000 -3.8% $681 / Sq Ft
12/11/2023 12/11/23 For Sale $2,600,000 +4.2% $708 / Sq Ft
06/06/2022 06/06/22 Sold $2,495,000 0.0% $679 / Sq Ft
05/07/2022 05/07/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $2,495,000 -- $679 / Sq Ft
Source: REALTORS® Association of Indian River County

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $20,122 $2,175,020 $288,988 $1,886,032
2023 $20,122 $1,721,575 $0 $0
2022 $13,428 $1,112,687 $238,416 $874,271
2021 $9,394 $781,462 $0 $0
2020 $9,417 $770,673 $0 $0
2019 $9,511 $753,346 $0 $0
2018 $9,499 $739,299 $0 $0
2017 $9,538 $724,093 $0 $0
2016 $9,728 $709,200 $0 $0
2015 -- $704,280 $0 $0
2014 $10,071 $698,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Michael Merrill

    Douglas Elliman Florida LLC

    (561) 427-3958

    38 in this area

    51 Total Sales

    Michael Merrill
    Section Image
  • Matilde Sorensen

    Seller's Agent in 2024

    Matilde Sorensen

    Dale Sorensen Real Estate Inc.

    (772) 532-0010

    75 in this area

    258 Total Sales

    Matilde Sorensen
    Section Image

  • C

    Seller's Agent in 2022

    Cindy Schulz-Long

    Berkshire Hathaway Florida

    (772) 559-4464

    5 Total Sales

    Cindy Schulz-Long
    Section Image
See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 252966

APN: 31-39-36-00031-0001-00007.0

Florida Indian River County Vero Beach 32963

121 Palm Island Ln, Vero Beach, FL

This home is located at 121 Palm Island Ln, Vero Beach, FL 32963 and is currently priced at $2,495,000, approximately $679 per square foot. This property was built in 2003. 121 Palm Island Ln is a home located in Indian River County with nearby schools including Beachland Elementary School, Gifford Middle School, and Vero Beach High School.

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