$950,000
SOLD JAN 31, 2020

5603 SW Martin Commons Way Palm City, FL 34990

6 Beds
7 Baths
6,303 Sq Ft
4.66 Acres

Recently Sold

$151 Per Sq Ft

32% Below List Price

245 Days on Market

Highlights

  • Horses Allowed in Community
  • Home Theater
  • Waterfront
  • Citrus Grove Elementary School Rated A-
  • Free Form Pool
  • Fruit Trees

About This Home

As of December 2020

This is a beautiful private gated 5 acre estate with a circular driveway, guest house and 6 car garage, a loft/office library, a full size game room and spacious bedrooms. Main house 4/5, the guest house 2/2. The main home's kitchen pantry is gigantic, (13 by 8) and the size of some bedrooms.The formal living room has a beautiful stone fireplace. The detached guest house is ideal with 2 bedrooms and 2 bathrooms, a separate living area, kitchen & laundry room and private screened in porch.The heated pool area offers a summer kitchen with all of the space desired and has direct access the home's workout room/gym. The 6 car garage is completely insulated and has central AC. The property also has 2 completely stocked bass ponds with retaining walls and a small dock.

Last Agent to Sell the Property

Oksana Fano

Atlantic Shores ERA Powered License #3400699 Listed on: 04/30/2019

Atlantic Shores ERA Powered

Last Buyer's Agent

Anthony Centrone

Papera Properties, LLC License #3019622

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,103

Year Built

  • Built in 1998

Lot Details

  • 4.66 Acre Lot
  • Waterfront
  • Fenced
  • Sprinkler System
  • Fruit Trees

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 6 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Garden
  • Pool

Home Design

  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 6,303 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • High Ceiling
  • Ceiling Fan
  • Fireplace
  • Single Hung Metal Windows
  • Sliding Windows
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Attic

Kitchen

  • Breakfast Area or Nook
  • <<builtInOvenToken>>
  • Electric Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 7 Full Bathrooms
  • Roman Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Security Gate
  • Fire and Smoke Detector

Pool

  • Free Form Pool
  • Saltwater Pool
  • Screen Enclosure
  • Pool Equipment or Cover

Outdoor Features

  • Balcony
  • Open Patio
  • Outdoor Grill

Schools

  • Citrus Grove Elementary School

Utilities

  • Central Heating and Cooling System
  • Well
  • Gas Water Heater
  • Water Purifier
  • Water Softener is Owned
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 223840000027000209

Community Details

Overview

  • Palm City Farms Subdivision

Recreation

  • Horses Allowed in Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,103

Year Built

Built in 1998

Lot Details

0

HOA Fees

$8 per month

Parking

6

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: W 714 W of Turnpike, S on Citrus, Right on SW Sunshine Farms Way, Left on SW Sundown Lane and 1st right on SW Martin Commons Way.
  • Year Built: 1998
  • Architectural Style: Ranch
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Area, Dining Area, Separate/Formal Dining Room, Entrance Foyer, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, High Ceilings, Pantry, Split Bedrooms, Walk-In Closet(s), Attic, Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator, Water Softener Owned, Water Purifier, Washer
  • Full Bathrooms: 7
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Living Area: 6303.0
  • Dining Room Type: Attic, Den, Family Room, Laundry, Media Room, Storage Room
  • Stories: 2
  • Window Features: Metal, Single Hung, Sliding

Exterior Features

  • Exterior Features: Balcony, Fence, Fruit Trees, Outdoor Grill, Patio
  • View: Garden, Pool
  • Lot Features: Sprinklers Automatic, Sprinkler System
  • Pool Features: Free Form, Heated, Other, Pool Equipment, Pool, Screen Enclosure, Salt Water
  • Pool Private: Yes
  • Waterfront: Yes
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Brick, Block
  • Patio And Porch Features: Balcony, Open, Patio
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 6.0
  • Attached Garage: Yes
  • Garage Spaces: 6.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System, Security Gate, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 8.0
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Schools

  • Elementary School: Citrus Grove

Lot Info

  • Parcel #: 223840000027000209
  • Horse Amenities: Horses Allowed
  • Lot Size Sq Ft: 202989.0
  • Zoning Description: Res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 10103.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2025
Sold by
Reed Danielle
Bought by
Danielle Bialilew Reed Trust and Reed
Current Estimated Value
$1,497,281

Purchase Details

Listed on
Sep 29, 2020
Closed on
Dec 18, 2020
Sold by
Sethi Sidharth
Bought by
Reed Danielle
Seller's Agent
Anthony Centrone
Papera Properties, LLC
Buyer's Agent
Guy D'Amico
Premier Property Collection
List Price
$1,324,999
Sold Price
$850,000
Premium/Discount to List
-$474,999
-35.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.74%

Purchase Details

Listed on
May 30, 2019
Closed on
Jan 31, 2020
Sold by
Fano Dennis and Fano Oksano
Bought by
Sethi Sidharth
Seller's Agent
Oksana Fano
Engel & Volkers Stuart
List Price
$1,395,000
Sold Price
$950,000
Premium/Discount to List
-$445,000
-31.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.75%
Original Mortgage
$855,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2013
Closed on
Jan 13, 2014
Sold by
Berrios Edwin and Mero Berrios Rossana K
Bought by
Fano Dennis and Fano Oksana
Seller's Agent
Lisa Treu
Treu Group Real Estate
Buyer's Agent
Lisa Treu
Treu Group Real Estate
List Price
$700,000
Sold Price
$535,000
Premium/Discount to List
-$165,000
-23.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%
Original Mortgage
$367,069
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2002
Sold by
Loesche Earline and Loesche Ray
Bought by
Berrios Edwin and Mero Berrios Rosanna K

Purchase Details

Closed on
Aug 31, 2000
Sold by
Loesche Raymond and Loesche Earline
Bought by
Fano Dennis and Fano Oksana

Purchase Details

Closed on
Jul 22, 1997
Sold by
Sargent Frank A and Sargent Cheryl A
Bought by
Loesche Raymond and Loesche Earline

Purchase Details

Closed on
Dec 26, 1995
Sold by
Morgan James C and Morgan Michele J
Bought by
Sargent Frank A and Sargent Cheryl A
Source: Public Records

Similar Homes in Palm City, FL

  • 2712 SW Bear Paw Trail, Palm City, FL 34990

    $899,000

    • 4 Beds
    • 3 Baths
    • 2,996 Sq Ft
    • 2712 SW Bear Paw Trail
    • Palm City, FL

    Wow! What a view this home has of the lake & golf course & its own private heated 17'x34' 6' deep swimming pool located in Hammock Creek Golf Club with 4 bedrooms plus office, 3 full baths, & 3-car garage. Exterior features include concrete construction, 2019 tile roof, etched glass double front entry doors, interlocking pavers on driveway, walkway & porches, professionally landscaped & irrigated

    Nancy Gregg Gregg Team Realty PA

    Section Image
  • 1874 SW Saint Andrews Dr, Palm City, FL 34990

    $769,000

    • 4 Beds
    • 3 Baths
    • 2,538 Sq Ft
    • 1874 SW Saint Andrews Dr
    • Palm City, FL

    Golf Course Home in Desirable Crane Creek! Set on a spacious 1.23-acre lot, this custom 4-bedroom, 3-bath, 2-car garage pool home, which backs to the 18th hole, offers the perfect blend of comfort, privacy, and scenic golf course views. The split floor plan features a large bright great room with a wet bar, cozy fireplace, and soaring vaulted ceilings, an eat-in kitchen, and generously sized

    Shannon Andersen Keller Williams of the Treasure Coast

    Section Image
  • 5020 SW Elk River Ct, Palm City, FL 34990

    $795,900

    • 4 Beds
    • 3 Baths
    • 2,815 Sq Ft
    • 5020 SW Elk River Ct
    • Palm City, FL

    Nestled in the prestigious Sanctuary section of Hammock Creek, this beautiful two-story home sits on a more private, spacious cul-de-sac lot with a view of the golf course. The second floor features all bedrooms, including an oversized master suite with a private sitting area, renovated master bath, and a balcony overlooking the serene surroundings.The main level offers expansive living spaces,

    Werner Heidbuechel Nobs Realty LLC

    Section Image
  • 3612 SW Mashie Ct, Palm City, FL 34990

    $849,500

    • 4 Beds
    • 3.5 Baths
    • 3,311 Sq Ft
    • 3612 SW Mashie Ct
    • Palm City, FL

    As you enter the winding driveway of your private, 1.55 acre paradise, you are greeted by a lush, tropical canopy of trees, that protect the home from view from the street. Upon entering the home, you are welcomed by abundant natural light from 3 French style sliders that showcase the courtyard style screened pool. This stately home features many high-end and well thought out architectural

    Mindy Hackett Berkshire Hathaway Florida Realty

    Section Image
  • 2541 SW Estella Terrace, Palm City, FL 34990

    $750,000

    • 5 Beds
    • 2.5 Baths
    • 3,114 Sq Ft
    • 2541 SW Estella Terrace
    • Palm City, FL

    Beautiful 5 BR 3 BA 2 car garage home situated on a large private cul-de-sac lot across from neighborhood park! Great floor plan featuring living room, formal dining room, family room, PLUS a loft ideal for game room, office, or home gym. Beautiful eat-in kitchen with white cabinets, SS appliances, and granite countertops, SS appliances, and a center island situated off the family room, which

    Susan Maxwell RE/MAX of Stuart - Palm City

    Section Image
  • 2521 SW Berry Park Cir, Palm City, FL 34990

    $850,000

    • 5 Beds
    • 4.5 Baths
    • 4,324 Sq Ft
    • 2521 SW Berry Park Cir
    • Palm City, FL

    ACCEPTING BACKUP OFFERS. Rarely available home in the beautiful enclave of Berry Estates. This DR Horton Yellowstone model has all the room you'll ever need! When you enter you'll be met with soaring ceilings and a grand staircase. The large kitchen has an island and plenty of cabinet and pantry space. There is a bedroom and full bath downstairs as well as a half bath. Four bedrooms and three

    Kelley Decowski RE/MAX of Stuart

    Section Image
  • 4884 SW Gossamer Cir, Palm City, FL 34990

    $885,900

    • 4 Beds
    • 3 Baths
    • 2,277 Sq Ft
    • 4884 SW Gossamer Cir
    • Palm City, FL

    Welcome home! This unique gem is in the desirable neighborhood of Copperleaf, offering a great layout with 4 bedrooms,3 baths with fabulous flow for everyday living and entertaining. This meticulously maintained home has a 3 car garage, an extended paver driveway to accommodate a 4th parking space. A paver walkway leads you to a brand new salt water pool with high end WiFi controlled Pentair pool

    Teresa Snider Veno Realty Group LLC

    Section Image
  • 324 SW Sun Cir, Palm City, FL 34990

    $775,000

    • 4 Beds
    • 3 Baths
    • 2,698 Sq Ft
    • 324 SW Sun Cir
    • Palm City, FL

    Welcome to this stunning 4-bedroom, 3-bathroom home in Palm City! Offering comfort and relaxed living, this gem features a spacious layout with an updated kitchen and stainless-steel appliances—perfect for family gatherings. The home also includes a den, providing additional space for relaxation or work. Step outside to your covered patio and enjoy the built-in bar for entertaining by the

    Melissa O'Banion RE/MAX of Stuart - Palm City

    Section Image
  • 2554 SW Mayacoo Way, Palm City, FL 34990

    $872,000

    • 5 Beds
    • 3 Baths
    • 2,795 Sq Ft
    • 2554 SW Mayacoo Way
    • Palm City, FL

    Welcome home! This beautifully maintained 5-bedroom, 3-bathroom, 3-car garage, pool home is situated in the highly sought-after gated community of Hammock Creek. Designed with both comfort and style in mind, this home boasts an abundance of natural light and generous living space. The open floor plan seamlessly connects the kitchen and family room, while the separate formal living and dining

    Shawnnan Smith RE/MAX Gold

    Section Image
See All Homes in Palm City

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 Type Sale Price Title Company
Warranty Deed $100 None Listed On Document
Warranty Deed $850,000 Holden Title And Escrow Llc
Warranty Deed $95,000 Holden Title Of Stuart
Warranty Deed $535,000 Signature Title Florida Part
Warranty Deed $700,000 Universal Land Title Inc
Deed -- --
Warranty Deed $85,000 --
Warranty Deed $88,600 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $855,000 New Conventional
Previous Owner $367,069 Purchase Money Mortgage
Previous Owner $663,000 Balloon
Previous Owner $663,000 Stand Alone First
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2020 12/22/20 Sold $850,000 -35.8% $135 / Sq Ft
11/22/2020 11/22/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $1,324,999 +39.5% $210 / Sq Ft
01/31/2020 01/31/20 Sold $950,000 0.0% $151 / Sq Ft
01/31/2020 01/31/20 Sold $950,000 -31.9% $151 / Sq Ft
01/01/2020 01/01/20 Pending -- -- --
01/01/2020 01/01/20 Pending -- -- --
04/30/2019 04/30/19 For Sale $1,395,000 0.0% $221 / Sq Ft
04/30/2019 04/30/19 For Sale $1,395,000 +160.7% $221 / Sq Ft
01/13/2014 01/13/14 Sold $535,000 -23.6% $85 / Sq Ft
12/14/2013 12/14/13 Pending -- -- --
08/07/2013 08/07/13 For Sale $700,000 -- $111 / Sq Ft
Source: BeachesMLS

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
2025 $20,469 $1,212,874 -- --
2024 $19,914 $1,102,613 -- --
2023 $19,914 $1,002,376 $0 $0
2022 $17,366 $911,251 $0 $0
2021 $14,708 $827,330 $233,000 $594,330
2020 $10,471 $622,617 $0 $0
2019 $10,353 $608,619 $0 $0
2018 $10,103 $597,661 $0 $0
2017 $9,204 $585,367 $0 $0
2016 $9,372 $573,327 $0 $0
2015 $8,880 $569,343 $0 $0
2014 $8,880 $523,440 $132,810 $390,630
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Anthony Centrone

    Papera Properties, LLC

    (772) 323-6094

    17 Total Sales

    Anthony Centrone
    Section Image

  • O

    Seller's Agent in 2020

    Oksana Fano

    Atlantic Shores ERA Powered

    (954) 695-4706

    9 Total Sales

    Oksana Fano
    Section Image
  • Guy D'Amico

    Buyer's Agent in 2020

    Guy D'Amico

    Premier Property Collection

    (772) 494-5090

    11 Total Sales

    Guy D'Amico
    Section Image
  • Lisa Treu

    Seller's Agent in 2014

    Lisa Treu

    Treu Group Real Estate

    (561) 966-3008

    198 Total Sales

    Lisa Treu
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10526209

BeachesMLS

APN: 22-38-40-000-027-00020-9

Florida Martin County Palm City 34990

5603 SW Martin Commons Way, Palm City, FL

This home is located at 5603 SW Martin Commons Way, Palm City, FL 34990 and is currently priced at $950,000, approximately $150 per square foot. This property was built in 1998. 5603 SW Martin Commons Way is a home located in Martin County with nearby schools including Citrus Grove Elementary School, Hidden Oaks Middle School, and South Fork 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.

BeachesMLS 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