NOT LISTED FOR SALE

520 Palm Island Ln Vero Beach, FL 32963

Estimated Value: $2,731,000 - $3,139,000

4 Beds
5 Baths
4,150 Sq Ft
$688/Sq Ft Est. Value

Last Sold April 14, 2022

Last sale price $2,725,000 $657 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $16,828/month

Highlights

  • Fitness Center
  • Outdoor Pool
  • Marble Flooring
  • Beachland Elementary School Rated A-
  • Clubhouse
  • 2-minute walk to Dog Water Stop

About This Home

As of April 2022

Situated in sought-after Palm Island Plantation, this West-Indies style estate offers an elegant & airy sanctuary w/ 4 beds, incl. downstairs master, 3.2 baths, & 2-car garage. Lots of upgrades incl. whole house generator, water filtration, & AC garage. Stunning outdoor living spaces incl. private pool w/ sundeck & outdoor summer kitchen, plus extra garden space. See Full Disclaimer.

Last Agent to Sell the Property

Cindy O'Dare

One Sotheby's Int'l Realty License #0326961 Listed on: 01/10/2022

One Sotheby's Int'l Realty

Last Buyer's Agent

Kay Brown

Premier Estate Properties License #0189216

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,792

Year Built

  • Built in 2016

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 120x179
  • South Facing Home
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Garden
  • Pool

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 4,150 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Crown Molding
  • High Ceiling
  • 1 Fireplace
  • Blinds
  • Sliding Doors
  • Marble Flooring

Kitchen

  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

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

Outdoor Features

  • Outdoor Pool
  • Balcony
  • Covered Patio or Porch
  • Built-In Barbecue

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Electric Water Heater
  • Water Purifier

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 31393600031000200013.0

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,792

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.5
  • Lot Size: 120X179
  • Ownership: Single Family/Other
  • Subdivision Name: Palm Isl Plantation
  • Directions: A1A north to Palm Island Plantation. 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: 2016
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Detached
  • Attribution Contact: 772-234-5555
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Wine Cooler, Water Purifier, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Marble
  • Interior Amenities: Wet Bar, Crown Molding, High Ceilings, Kitchen Island, Master Downstairs, Pantry, Walk-In Closet(s)
  • Living Area: 4150.0
  • Stories: 2
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: 1/2 to 1 Acre Lot
  • Pool Features: Pool, Private, Community
  • Pool Private: Yes
  • View: Garden, Pool
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • 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, Driveway, Garage

Utilities

  • Laundry Features: Lower Level, Laundry Room, Laundry Tub
  • Cooling: 1 Unit, 3+ Units
  • Cooling Y N: Yes
  • Heating: Multiple Heating Units
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness, Other, Pool
  • Association Fee: 1014.41
  • Association Name: Elliott Merrill
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Pool(s), Security

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 31393600031000200013.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 11792.0
  • Tax Lot: 13
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Apr 14, 2022
Sold by
Fuller Michael B and Fuller Mary G
Bought by
Vanepps Rillann F and Metcalfe Taylor B
Seller's Agent
Cindy O'Dare
One Sotheby's Int'l Realty
Buyer's Agent
Kay Brown
Premier Estate Properties
List Price
$2,495,000
Sold Price
$2,725,000
Premium/Discount to List
$230,000
9.22%
Current Estimated Value
$2,855,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,722
Avg. Annual Appreciation
1.36%

Purchase Details

Listed on
Nov 1, 2019
Closed on
Jul 6, 2020
Sold by
Franceschi Gaston and Franceschi Andrea
Bought by
Fuller Michael B and Fuller Mary G
Seller's Agent
Luke Webb
Luke D Webb Real Estate Inc
Buyer's Agent
Cindy O'Dare
One Sotheby's Int'l Realty
List Price
$1,995,000
Sold Price
$1,750,000
Premium/Discount to List
-$245,000
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.43%

Purchase Details

Closed on
Mar 3, 2015
Sold by
Palm Island Plantation Llc
Bought by
Franceschi Gaston and Franceschi Andrea

Purchase Details

Closed on
Feb 4, 2005
Sold by
Smg Homes Llc
Bought by
Palm Island Plantation Llc

Purchase Details

Closed on
Aug 1, 2003
Sold by
Palm Island Plantation
Bought by
S M G Homes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800
Interest Rate
5.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vanepps Rillann F $2,725,000 Barry G Segal Pa
Fuller Michael B $1,750,000 Attorney
Franceschi Gaston $360,000 Attorney
Palm Island Plantation Llc $250,000 --
S M G Homes $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner S M G Homes $800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/14/2022 04/14/22 Sold $2,725,000 +9.2% $657 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $2,495,000 +42.6% $601 / Sq Ft
07/06/2020 07/06/20 Sold $1,750,000 -12.3% $434 / Sq Ft View Prior Sale
06/06/2020 06/06/20 Pending -- -- --
11/01/2019 11/01/19 For Sale $1,995,000 -- $494 / 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 $20,789 $1,884,218 -- --
2023 $20,789 $1,777,782 $0 $0
2022 $11,677 $1,009,010 $0 $0
2021 $11,792 $979,621 $0 $0
2020 $19,000 $1,489,517 $424,923 $1,064,594
2019 $21,026 $1,593,739 $444,535 $1,149,204
2018 $20,065 $1,492,620 $405,311 $1,087,309
2017 $19,811 $1,492,620 $0 $0
2016 $3,745 $261,490 $0 $0
2015 $2,750 $183,040 $0 $0
2014 $2,600 $172,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cindy O'Dare

    Seller's Agent in 2022

    Cindy O'Dare

    One Sotheby's Int'l Realty

    (772) 713-5899

    50 in this area

    247 Total Sales

    Cindy O'Dare
    Section Image

  • K

    Buyer's Agent in 2022

    Kay Brown

    Premier Estate Properties

    (772) 321-8626

    21 in this area

    67 Total Sales

    Kay Brown
    Section Image

  • M

    Buyer Co-Listing Agent in 2022

    Melissa Talley

    Premier Estate Properties

    (772) 633-0407

    25 in this area

    106 Total Sales

    Melissa Talley
    Section Image
  • Luke Webb

    Seller's Agent in 2020

    Luke Webb

    Luke D Webb Real Estate Inc

    (786) 546-9603

    17 in this area

    41 Total Sales

    Luke Webb
    Section Image
See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 250094

APN: 31-39-36-00031-0002-00013.0

Florida Indian River County Vero Beach 32963

520 Palm Island Ln, Vero Beach, FL

This home is located at 520 Palm Island Ln, Vero Beach, FL 32963 since 10 January 2022 and is currently estimated at $2,855,722, approximately $688 per square foot. This property was built in 2016. 520 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes