$2,500,000
$300K PRICE DROP

5906 SW Ludlum St Palm City, FL 34990

Estimated payment $15,893/month

Total Views 5,770
5 Beds
5 Baths
3,944 Sq Ft
$634 Price per Sq Ft

Highlights

  • Guest House
  • Barn
  • Boarding Facilities
  • South Fork High School Rated A-
  • Stables
  • Heated In Ground Pool

About This Home

Experience the rustic charm and modern comforts at this exquisite Palm Beach meets Palm City estate. A mere 25 minutes from Historic Stuart Beach or Jupiter Island, this estate is a haven of amenities. It features a barn with two horse stalls, an air-conditioned storage/workshop, and a fishing pond, complemented by a stunning pool, fire pit, and a detached three-car garage with an accompanying new tree house with a zip line. A secure gate opens to an expansive driveway leading to the main residence and a separate path to the guest quarters. The main residence is a showcase of luxury with three bedrooms, three bathrooms, lofty ceilings, premium appliances, gas cooking, and an inviting wrap-around porch. The guest house offers a private bedroom, bathroom, kitchen, and living space on the upper level, plus an extra bedroom and bathroom on the lower level. Nestled on ten acres, this extraordinary estate promises a private resort-like retreat that stands out as truly unique.

Listing Agent

Jason Flannery

Illustrated Properties LLC Brokerage Phone: 561-762-3272 License #3053611 Listed on: 07/31/2024

Illustrated Properties LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,037

Year Built

  • Built in 1989

Lot Details

  • 10 Acre Lot
  • Fenced

Home Design

  • Georgian Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 3,944 Sq Ft Home
  • 2-Story Property
  • Custom Mirrors
  • Central Vacuum
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Plantation Shutters
  • French Doors
  • Combination Dining and Living Room
  • Laundry Tub

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • 5 Full Bathrooms
  • Dual Sinks
  • Bathtub
  • Separate Shower

Parking

  • 3 Car Detached Garage
  • Driveway

Outdoor Features

  • Heated In Ground Pool
  • Boarding Facilities
  • Balcony
  • Deck
  • Wrap Around Porch
  • Patio
  • Shed
  • Outbuilding

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Tack Room
  • Hay Storage
  • Stables

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Additional Features

  • Guest House
  • Barn

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,037

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Architectural Style: Georgian
  • Directions: South on Citrus from Martin Hwy. Right on Ludlum to property at end on left.
  • Garage Yn: Yes
  • Lot Size Acres: 10.0
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Residential
  • Building Stories: 2
  • Subdivision Name: Palm City Farms
  • Year Built: 1989
  • Year Built Details: Resale
  • Ownership: Fee Simple
  • Attribution Contact: 561-762-3272
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Built-In Oven, Cooktop, Dishwasher, Gas Range, Microwave, Range, Refrigerator
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Furnished: Unfurnished
  • Interior Amenities: Built-in Features, Bathtub, Closet Cabinetry, Dual Sinks, Eat-in Kitchen, French Door(s)/Atrium Door(s), Fireplace, High Ceilings, Kitchen Island, Living/Dining Room, Custom Mirrors, Pantry, Sitting Area in Primary, Split Bedrooms, Separate Shower, Upper Level Primary, Walk-In Closet(s), Central Vacuum
  • Living Area: 3944.0
  • Stories: 2
  • Window Features: Plantation Shutters

Exterior Features

  • Construction Type: Frame
  • Direction Faces: Southeast
  • Exterior Features: Balcony, Deck, Fence, Patio, Shed
  • Other Structures: Guest House, Outbuilding, Stable(s), Shed(s)
  • Patio And Porch Features: Balcony, Covered, Deck, Patio, Wrap Around
  • Pool Features: Heated, In Ground
  • Pool Private: Yes
  • Property Condition: Resale
  • Roof: Metal
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Parking Features: Circular Driveway, Driveway, Detached, Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub
  • Security: 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

Lot Info

  • Horse Amenities: Boarding Facilities, Hay Storage, Stable(s), Tack Room, Barn, Horses Allowed
  • Zoning Description: RES

Tax Info

  • Tax Annual Amount: 25037.0
  • 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 $25,416 $1,602,980 $600,000 $1,002,980
2024 $25,037 $1,560,776 -- --
2023 $25,037 $1,515,317 $0 $0
2022 $21,945 $1,294,300 $532,500 $761,800
2021 $7,859 $472,434 $0 $0
2020 $7,739 $466,098 $0 $0
2019 $9,782 $576,315 $0 $0
2018 $7,496 $449,270 $0 $0
2017 $6,750 $440,030 $0 $0
2016 $6,952 $430,980 $202,110 $228,870
2015 -- $429,440 $202,110 $227,330
2014 -- $446,330 $209,550 $236,780
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 For Sale $2,500,000 +13.4% $634 / Sq Ft
02/22/2022 02/22/22 Sold $2,205,000 -2.0% $559 / Sq Ft
01/23/2022 01/23/22 Pending -- -- --
01/08/2022 01/08/22 For Sale $2,250,000 +28.6% $570 / Sq Ft
07/01/2021 07/01/21 Sold $1,750,000 -5.4% $444 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $1,850,000 +121.3% $469 / Sq Ft
03/12/2018 03/12/18 Sold $836,000 -12.0% $212 / Sq Ft
02/10/2018 02/10/18 Pending -- -- --
05/12/2017 05/12/17 For Sale $950,000 -- $241 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,205,000 Falk Allen
Warranty Deed $1,750,000 Trident Title
Warranty Deed $865,000 Attorney
Deed $850,000 --
Warranty Deed $850,000 --
Deed -- --
Warranty Deed $548,214 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,836,000 New Conventional
Previous Owner $1,400,000 New Conventional
Previous Owner $821,750 Purchase Money Mortgage
Previous Owner $840,000 Unknown
Previous Owner $600,000 Credit Line Revolving
Previous Owner $680,000 Purchase Money Mortgage
Source: Public Records

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Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20045983

Martin County REALTORS® of the Treasure Coast

APN: 03-39-40-000-057-00000-8