$2,500,000
SOLD DEC 2, 2024

121 Palm Island Ln Vero Beach, FL 32963

3 Beds
3.5 Baths
3,673 Sq Ft
0.29 Acres

Recently Sold

$681 Per Sq Ft

4% Below List Price

357 Days on Market

Highlights

  • Beach Access
  • Fitness Center
  • Outdoor Pool
  • Beachland Elementary School Rated A-
  • Gated with Attendant
  • Clubhouse

About This Home

As of December 2024

Discover luxury living in this two-story pool home. Elegant Brazilian hardwood floors, cozy office/den w/gas fireplace, formal dining. The island kitchen boasts top-of-the-line appliances, subway tile backsplash & Breakfast nook. The living room overlooks the pool & backyard. The master suite features a large walk-in closet. Upstairs loft connects 2 guest suites. Outside, a covered lanai w/built-in grill, new travertine flooring & a private backyard create the perfect outdoor retreat. Residents enjoy access to Westside & Beachside clubhouses w/pools & beach access. Sizes approx./Subj to error.

Last Agent to Sell the Property

Matilde Sorensen

Dale Sorensen Real Estate Inc. Brokerage Phone: 772-231-4712 License #0316531 Listed on: 12/11/2023

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Matilde Sorensen

Dale Sorensen Real Estate Inc. Brokerage Phone: 772-231-4712 License #0316531 Listed on: 12/11/2023

Dale Sorensen Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,122

Year Built

  • Built in 2003

Lot Details

  • Lot Dimensions are 83x151
  • North Facing Home
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Paver Block

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
  • 1 Fireplace
  • Window Treatments
  • French Doors
  • Pool Views
  • Security System Owned

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Pool

  • Outdoor Pool
  • Spa
  • Heated Pool

Outdoor Features

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 31393600031000100007.0

Community Details

Overview

  • Association fees include common areas, ground maintenance, pool(s), recreation facilities, reserve fund, security, trash
  • Elliott Merrill Association
  • Palm Isl Plantation Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Security

  • Gated with Attendant
  • Phone Entry

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,122

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 83x151
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: Palm Isl Plantation
  • Directions: North on A1A just past River Club on left. Past guard to #121 on left.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 2003
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-231-4712
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Spa Features: 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, Tile, Wood
  • Interior Amenities: Wet Bar, Built-in Features, Bathtub, Closet Cabinetry, Crown Molding, Jetted Tub, Kitchen Island, Primary Downstairs, Walk-In Closet(s), Central Vacuum, French Door(s)/Atrium Door(s)
  • Living Area: 3673.0
  • Stories: 2
  • Window Features: Window Treatments
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Features: Electric Heat, Heated, Pool, Private, Community
  • Pool Private: Yes
  • View: Pool
  • View: Yes
  • Waterfront Features: None, Beach Access
  • Waterfront: No
  • Construction Type: Block, Frame, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Sprinkler/Irrigation, Porch, Patio, Propane Tank - Owned
  • Patio And Porch Features: Covered, Patio, Porch
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener, Paver Block

Utilities

  • Laundry Features: Laundry Room, Laundry Tub
  • Security: Security System Owned, Gated with Guard, Gated Community, Phone Entry
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Barbecue, Clubhouse, Fitness, Other, Pool, Water Access
  • Association Fee: 1253.0
  • Association Name: Elliott Merrill
  • Pets Allowed: Yes

Fee Information

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

Lot Info

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

Tax Info

  • Tax Annual Amount: 20122.0
  • Tax Lot: 7
  • Tax Year: 2023

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

    74 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: 282598

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 $2,500,000, approximately $680 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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