$2,725,000
SOLD JUN 2, 2025

261 Palm Island Ln Vero Beach, FL 32963

3 Beds
4.5 Baths
3,908 Sq Ft
2007 Built

Recently Sold

$697 Per Sq Ft

3% Below List Price

149 Days on Market

Highlights

  • Beach Access
  • Fitness Center
  • Cabana
  • Beachland Elementary School Rated A-
  • Gated with Attendant
  • Views of Preserve

About This Home

As of June 2025

3 BR + Den, 4-1/2 Bath pool home. Southern Exposure. Adjacent to nature preserve. Beautiful details, crown molding, wood floors, fireplace, lovely pool area and new built-in gas grill. Den could be used as 4th BR. Upstairs loft/den and fenced backyard. AC 2018, HWH 2023 and new fridge. Private poolside cabana steps away from the beach at Oceanside Clubhouse w/1/2 bath and kitchenette. Rm sizes approx/subj to err.

Last Agent to Sell the Property

Lia Peters

Dale Sorensen Real Estate Inc. Brokerage Phone: 772-321-9567 License #3215991 Listed on: 01/04/2025

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Cindy O'Dare

One Sotheby's Int'l Realty License #0326961

One Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,638

Year Built

  • Built in 2007

Lot Details

  • Lot Dimensions are 75x146
  • North Facing Home
  • Sprinkler System
  • Few Trees

Parking

  • 2 Car Garage

Property Views

  • Views of Preserve
  • Garden Views

Home Design

  • Stucco

Interior Spaces

  • 3,908 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Crown Molding
  • Vaulted Ceiling
  • 1 Fireplace
  • Blinds
  • Security System Leased

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Terrazzo

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Laundry Tub

Pool

  • Cabana
  • Heated Pool
  • Outdoor Pool

Outdoor Features

  • Beach Access
  • Balcony
  • Built-In Barbecue

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 31393600031000100023.0

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
  • Game Room
  • Community Library

Recreation

  • Fitness Center
  • Community Pool

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,638

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 75x146
  • Road Surface Type: Paved
  • Ownership: Single Family/Other
  • Subdivision Name: Palm Isl Plantation
  • Directions: From Hwy 510 go south on A1A to PIP. Beachland Blvd go North on A1A past Old Winter Beach Rd. PIP is on the West side. Gated
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 2007
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-321-9567
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Wine Cooler
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Other, Terrazzo, Wood
  • Interior Amenities: Bathtub, Closet Cabinetry, Crown Molding, High Ceilings, Jetted Tub, Kitchen Island, Primary Downstairs, Vaulted Ceiling(s), Walk-In Closet(s), Central Vacuum
  • Living Area: 3908.0
  • Stories: 2
  • Window Features: Blinds

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot, Few Trees
  • Pool Features: Electric Heat, Heated, Pool, Community
  • View: Garden, Preserve
  • View: Yes
  • Waterfront Features: None, Beach Access
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Sprinkler/Irrigation, Propane Tank - Owned
  • Other Structures: Cabana
  • Roof: Other

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage

Utilities

  • Laundry Features: Laundry Room, Laundry Tub
  • Security: Security System Leased, Closed Circuit Camera(s), Gated with Guard
  • 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, Game Room, Library, Other, Pool, Sidewalks
  • Association Fee: 1368.2
  • Association Name: Elliott Merrill
  • Pets Allowed: Yes

Fee Information

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

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 31393600031000100023.0
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 19638.0
  • Tax Lot: 23
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2025
Closed on
May 29, 2025
Sold by
Eldridge Wendy Kyle and Wendy Kyle Eldridge Revocable Trust
Bought by
Long Gary R and Long Mary Elizabeth
Seller's Agent
Lia Peters
Dale Sorensen Real Estate Inc.
Buyer's Agent
Cindy O'Dare
One Sotheby's Int'l Realty
List Price
$2,800,000
Sold Price
$2,725,000
Premium/Discount to List
-$75,000
-2.68%
Views
16
Current Estimated Value
$2,689,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,901
Avg. Annual Appreciation
-4.63%

Purchase Details

Listed on
Feb 15, 2018
Closed on
Jun 6, 2018
Sold by
Mendoza Charbel D and Mendoza Carmen
Bought by
Eldridge Wendy Kyle and Wendy Klye Eldridge Revocable Trust
Seller's Agent
Debbie Bell
Berkshire Hathaway Florida
Buyer's Agent
NON-MLS AGENT
NON MLS
List Price
$1,295,000
Sold Price
$1,175,000
Premium/Discount to List
-$120,000
-9.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.79%
Original Mortgage
$312,942
Interest Rate
4.5%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 18, 2010
Sold by
Palm Island Plantation Llc
Bought by
Mendoza Charbel D and Mendoza Carmen
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Deed $2,725,000 None Listed On Document
Deed $2,725,000 None Listed On Document
Warranty Deed $1,175,000 Attorney
Warranty Deed $1,090,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $312,942 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Sold $2,725,000 -2.7% $697 / Sq Ft
01/04/2025 01/04/25 For Sale $2,800,000 +138.3% $716 / Sq Ft
06/06/2018 06/06/18 Sold $1,175,000 0.0% $301 / Sq Ft
06/06/2018 06/06/18 Sold $1,175,000 -9.3% $356 / Sq Ft
05/07/2018 05/07/18 Pending -- -- --
05/07/2018 05/07/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $1,295,000 +5.7% $331 / Sq Ft
11/07/2017 11/07/17 For Sale $1,224,900 -- $371 / 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 $18,122 $1,839,521 $257,653 $1,581,868
2023 $18,122 $1,278,598 $0 $0
2022 $14,020 $1,162,362 $212,564 $949,798
2021 $13,673 $1,087,909 $209,343 $878,566
2020 $13,911 $1,087,915 $209,343 $878,572
2019 $13,859 $1,047,309 $219,005 $828,304
2018 $13,157 $975,699 $199,681 $776,018
2017 $13,448 $983,950 $0 $0
2016 $12,587 $871,810 $0 $0
2015 $11,801 $778,640 $0 $0
2014 $10,789 $709,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2025

    Lia Peters

    Dale Sorensen Real Estate Inc.

    (772) 321-9567

    4 in this area

    14 Total Sales

    Lia Peters
    Section Image
  • Cindy O'Dare

    Buyer's Agent in 2025

    Cindy O'Dare

    One Sotheby's Int'l Realty

    (772) 713-5899

    48 in this area

    242 Total Sales

    Cindy O'Dare
    Section Image

  • D

    Seller's Agent in 2018

    Debbie Bell

    Berkshire Hathaway Florida

    (772) 473-7255

    61 in this area

    151 Total Sales

    Debbie Bell
    Section Image

  • N

    Buyer's Agent in 2018

    NON-MLS AGENT

    NON MLS

See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 284073

APN: 31-39-36-00031-0001-00023.0

Florida Indian River County Vero Beach 32963

261 Palm Island Ln, Vero Beach, FL

This home is located at 261 Palm Island Ln, Vero Beach, FL 32963 and is currently priced at $2,725,000, approximately $697 per square foot. This property was built in 2007. 261 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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