407 Rio Palma S Indialantic, FL 32903
Paradise Beach NeighborhoodEstimated payment $5,985/month
Highlights
- In Ground Pool
- 1 Fireplace
- Eat-In Kitchen
- Indialantic Elementary School Rated A-
- 2 Car Attached Garage
- Built-In Features
About This Home
*Motivated Sellers!* Priced to sell! This spacious, nearly 4,000 sq ft custom pool home with 5 bedrooms/4 bathrooms in highly-desired Rio Villa offers incredible flexibility and room for everyone and is located only a few blocks from the beach. Hurricane Impact windows and sliders, newer roof and exterior paint in 2019-2020. New smart refrigerator, new dishwasher, landscaping, and irrigation with artesian well, along with fresh interior paint in 2024-2025. BRAND NEW AC units inside and out. With multiple living areas, soaring ceilings, and sunlit open spaces, there's room to spread out, gather, and grow. The versatile layout includes 4 large downstairs bedrooms (2 en-suite), 3 full baths plus pool bath, and a huge laundry room. Upstairs features a bonus room, private office, and 5th bedroom—ideal for guests, teens, or multigenerational living. Located on a quiet cul-de-sac street near top schools and parks!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,206
Year Built
- Built in 1984
Lot Details
- 0.31 Acre Lot
- Street terminates at a dead end
- North Facing Home
- Privacy Fence
- Fenced
- Front and Back Yard Sprinklers
HOA Fees
- $43 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Home Design
- Frame Construction
- Stucco
Interior Spaces
- 3,868 Sq Ft Home
- 2-Story Property
- Furniture Can Be Negotiated
- Built-In Features
- Ceiling Fan
- 1 Fireplace
- Laundry Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Convection Oven
- Electric Oven
- Electric Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Bathtub and Shower Combination in Primary Bathroom
Pool
- In Ground Pool
Schools
- Indialantic Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Community Details
- Rio Villa Unit IV Tcb Prop Mgmt Association
- Rio Villa Unit IV Subdivision
- Maintained Community
Listing and Financial Details
- Assessor Parcel Number 27-37-24-55-00000.0-0126.00
Map
Home Values in the Area
Average Home Value in this Area
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 | $12,078 | $684,350 | -- | -- |
| 2023 | $12,078 | $685,600 | $130,000 | $555,600 |
| 2022 | $8,580 | $537,320 | $0 | $0 |
| 2021 | $8,745 | $521,670 | $0 | $0 |
| 2020 | $8,665 | $514,470 | $100,000 | $414,470 |
| 2019 | $9,017 | $515,680 | $100,000 | $415,680 |
| 2018 | $9,080 | $509,050 | $100,000 | $409,050 |
| 2017 | $8,690 | $434,730 | $100,000 | $334,730 |
| 2016 | $5,711 | $310,370 | $100,000 | $210,370 |
| 2015 | $5,828 | $308,220 | $100,000 | $208,220 |
| 2014 | $5,744 | $305,780 | $100,000 | $205,780 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | Price Changed | $940,000 | -2.0% | $243 / Sq Ft |
| 07/24/2025 07/24/25 | Price Changed | $959,000 | -1.6% | $248 / Sq Ft |
| 07/15/2025 07/15/25 | Price Changed | $974,900 | -2.5% | $252 / Sq Ft |
| 06/23/2025 06/23/25 | Price Changed | $999,500 | -1.4% | $258 / Sq Ft |
| 05/28/2025 05/28/25 | Price Changed | $1,014,000 | -0.5% | $262 / Sq Ft |
| 04/29/2025 04/29/25 | Price Changed | $1,019,000 | -2.9% | $263 / Sq Ft |
| 04/15/2025 04/15/25 | For Sale | $1,049,000 | +39.9% | $271 / Sq Ft |
| 12/09/2022 12/09/22 | Sold | $750,000 | -11.8% | $194 / Sq Ft |
| 10/21/2022 10/21/22 | Pending | -- | -- | -- |
| 09/20/2022 09/20/22 | For Sale | $850,000 | +13.3% | $220 / Sq Ft |
| 09/20/2022 09/20/22 | Off Market | $750,000 | -- | -- |
| 08/29/2022 08/29/22 | Price Changed | $850,000 | -10.5% | $220 / Sq Ft |
| 07/09/2022 07/09/22 | Price Changed | $949,900 | -17.4% | $246 / Sq Ft |
| 06/27/2022 06/27/22 | Price Changed | $1,149,900 | -4.2% | $297 / Sq Ft |
| 06/21/2022 06/21/22 | For Sale | $1,200,000 | +127.3% | $310 / Sq Ft |
| 08/19/2016 08/19/16 | Sold | $528,000 | 0.0% | $135 / Sq Ft |
| 08/19/2016 08/19/16 | Sold | $528,000 | -4.0% | $126 / Sq Ft |
| 07/20/2016 07/20/16 | Pending | -- | -- | -- |
| 07/01/2016 07/01/16 | Pending | -- | -- | -- |
| 06/17/2016 06/17/16 | For Sale | $549,900 | 0.0% | $140 / Sq Ft |
| 05/26/2016 05/26/16 | For Sale | $549,900 | -- | $132 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $750,000 | -- | |
| Warranty Deed | $528,000 | Supreme Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $675,000 | New Conventional | |
| Previous Owner | $417,000 | New Conventional |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1041391
APN: 27-37-24-55-00000.0-0126.00
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