261 Palm Island Ln Vero Beach, FL 32963
3
Beds
4.5
Baths
3,302
Sq Ft
0.25
Acres
Highlights
- Beach
- Private Pool
- Den
- Beachland Elementary School Rated A-
- Clubhouse
- Separate Shower in Primary Bathroom
About This Home
As of June 20183 BR + Den, 4-1/2 Bath pool home. Southern Exposure. Adjacent to nature preserve. Attention to detail with Beautiful wood floors; fireplace; moldings throughout. Den could be used as a 4th bedroom. Fenced yard. All new air conditioners. Dock & cabana available and sold separately.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,587
Year Built
- Built in 2007
Lot Details
- 0.25 Acre Lot
- Property is zoned R-1A
HOA Fees
- $730 Monthly HOA Fees
Parking
- 2 Car Garage
Interior Spaces
- 3,302 Sq Ft Home
- 2-Story Property
- Den
- Tile Flooring
Kitchen
- Built-In Oven
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- Closet Cabinetry
- Separate Shower in Primary Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- Private Pool
Utilities
- Central Heating and Cooling System
- Co-Op Membership Included
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 31393600031000100023.0
Community Details
Overview
- Palm Island Plantation Pr Subdivision
Amenities
- Clubhouse
Recreation
- Beach
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
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%
Total Days on Market
180
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%
Original Mortgage
$312,942
Outstanding Balance
$273,464
Interest Rate
4.5%
Mortgage Type
Balloon
Estimated Equity
$2,434,231
Purchase Details
Closed on
Nov 18, 2010
Sold by
Palm Island Plantation Llc
Bought by
Mendoza Charbel D and Mendoza Carmen
Similar Homes in Vero Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,175,000 | Attorney | |
| Warranty Deed | $1,090,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $312,942 | Balloon |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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: BeachesMLS
Tax History Compared to Growth
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
-
Lia Peters
L
Seller's Agent in 2025
Lia Peters
Dale Sorensen Real Estate Inc.
(772) 321-9567
13 Total Sales
-
Cindy O'Dare
Buyer's Agent in 2025
Cindy O'Dare
One Sotheby's Int'l Realty
(772) 713-5899
231 Total Sales
-
Debbie Bell
D
Seller's Agent in 2018
Debbie Bell
Berkshire Hathaway Florida
(772) 473-7255
162 Total Sales
-
N
Buyer's Agent in 2018
NON-MLS AGENT
NON MLS
Map
Source: BeachesMLS
MLS Number: R10380040
APN: 31-39-36-00031-0001-00023.0
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