$5,300,000
$200K PRICE DROP

5205 SW Honey Terrace Palm City, FL 34990

Estimated payment $31,954/month

Total Views 15,645
5 Beds
4.5 Baths
6,334 Sq Ft
$837 Price per Sq Ft

Highlights

  • Stables
  • Boarding Facilities
  • Home fronts a pond
  • Citrus Grove Elementary School Rated A-
  • In Ground Pool
  • 20 Acre Lot

About This Home

Beautiful courtyard resort style pool home with open concept living & expansive patio with summer kitchen & tiki. The Gourmet Kitchen with a gas range, large copper hood and walk in cooler make this home the ultimate entertaining property. There is a wet bar in the primary suite as well as a luxurious en-suite bathroom. Notable Equestrian features of this stunning 20-acre property are an 8 stall CBS Barn. The center aisle ‘stallion friendly’ barn boasts automatic waterers, an indoor and outdoor wash rack, air-conditioned tack room, feed room, laundry, and groom’s quarters. Round pen, Grass riding ring, Large (1) and small (4) paddock turnouts with field shelters. Two ponds ensure that the paddocks stay dry and drain well. There is PLENTY OF SPACE FOR A COVERED ARENA.Palm City Farms is home to an active equestrian community, whether you ride dressage, hunters or team rope you can find your people here.

Listing Agent

Carolyn Todd

Engel & Volkers Stuart Brokerage Phone: 772-494-6999 License #3601352 Listed on: 10/31/2024

Engel & Volkers Stuart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,170

Year Built

  • Built in 1988

Lot Details

  • 20 Acre Lot
  • Home fronts a pond
  • Fenced Yard
  • Fenced

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 6,334 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Built-In Features
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Formal Dining Room
  • Washer

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range
  • <<microwave>>
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Bathtub
  • Garden Bath
  • Separate Shower

Home Security

  • Home Security System
  • Impact Glass

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Boarding Facilities
  • Outdoor Kitchen

Schools

  • Citrus Grove Elementary School
  • Hidden Oaks Middle School
  • South Fork High School

Horse Facilities and Amenities

  • Paddocks
  • Tack Room
  • Hay Storage
  • Stables
  • Riding Trail

Utilities

  • Central Heating and Cooling System
  • Power Generator
  • Well
  • Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,170

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Architectural Style: Mediterranean
  • Directions: Martin Hwy to left on Citrus Blvd to right on Sunshine Farms Way to left on SW Sundown Lane to property on left.
  • Garage Yn: Yes
  • Lot Size Acres: 20.0
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Residential
  • Building Stories: 1
  • Subdivision Name: Palm City Farms
  • Year Built: 1988
  • Year Built Details: Resale
  • Ownership: Corporation
  • Attribution Contact: 772-494-6999
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Some Electric Appliances, Cooktop, Dishwasher, Freezer, Gas Range, Ice Maker, Microwave, Refrigerator, Water Heater, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Furnished: Unfurnished
  • Interior Amenities: Wet Bar, Built-in Features, Breakfast Area, Bathtub, Closet Cabinetry, Cathedral Ceiling(s), Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Eat-in Kitchen, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, Kitchen Island, Living/Dining Room, Split Bedrooms, Skylights, Separate Shower, Bar, Walk-In Closet(s)
  • Living Area: 6334.0
  • Private Spa: Yes
  • Stories: 1
  • Window Features: Impact Glass

Exterior Features

  • Construction Type: Block, Concrete
  • Exterior Features: Fence, Outdoor Kitchen
  • Fencing: Yard Fenced
  • Other Structures: Stable(s)
  • Pool Features: In Ground
  • Pool Private: Yes
  • Property Condition: Resale
  • Roof: Barrel
  • Waterfront Features: Pond
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Parking Features: Attached, Circular Driveway, Garage, Garage Door Opener
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Electric: Generator
  • Heating: Central
  • Heating Yn: Yes
  • Security: Security System, Fenced
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available, Water Connected
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Community Features: Non-Gated
  • Pets Allowed: Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Citrus Grove
  • High School: South Fork
  • Middle Or Junior School: Hidden Oaks

Lot Info

  • Horse Amenities: Boarding Facilities, Hay Storage, Other, Paddocks, Round Pen, Riding Ring, Riding Trail, See Remarks, Stable(s), Tack Room

Tax Info

  • Tax Annual Amount: 31170.0
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2025 $32,331 $2,000,720 -- --
2024 $31,170 $1,818,837 -- --
2023 $31,170 $1,653,489 $0 $0
2022 $22,927 $1,234,239 $0 $0
2021 $19,813 $1,122,260 $341,970 $780,290
2020 $19,452 $1,109,940 $0 $0
2019 $18,661 $1,118,330 $0 $0
2018 $17,006 $1,045,570 $0 $0
2017 $13,656 $808,710 $0 $0
2016 $16,676 $1,001,940 $0 $0
2015 $12,999 $918,720 $0 $0
2014 $12,999 $774,330 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 Price Changed $5,300,000 -3.6% $837 / Sq Ft
10/25/2024 10/25/24 Price Changed $5,500,000 -15.4% $868 / Sq Ft
06/13/2024 06/13/24 Price Changed $6,500,000 -17.7% $1,026 / Sq Ft
05/14/2024 05/14/24 Price Changed $7,900,000 -11.2% $1,247 / Sq Ft
02/16/2024 02/16/24 Price Changed $8,900,000 -11.0% $1,405 / Sq Ft
11/15/2023 11/15/23 For Sale $10,000,000 -- $1,579 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,350,000 --
Warranty Deed $875,000 --
Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 No Value Available
Source: Public Records

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Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20047397

Martin County REALTORS® of the Treasure Coast

APN: 22-38-40-000-045-00000-5