See Home Value
$1,450,000
● House - Off Market

5 Palama Way

Stuart, FL 34996
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,293 Ft²
$8,456
Est. Monthly
$102
HOA / Fees
3.17%
Cap Rate

About This Property

Step into this exquisite Key West style estate in Castle Hill, boasting 5 bedrooms and 3.5 baths. Surrounded by majestic 100-year-old Oak Trees with elegant uplighting, the home beckons you with its sprawling wrap-around gazebo porch. Inside, you'll find a formal dining room, a cozy wood-burning fireplace, and a stunning kitchen complete with custom barn doors leading to a pantry, plantation shutters, and fresh paint inside and out. The living room flows seamlessly to a vast screened-in porch, which opens up to a magnificent heated pool with a new heater, artificial grass for easy upkeep, and lush landscaping for ultimate relaxation. The master bath and bedroom have been recently renovated and open up to a private balcony. Additional custom features include a Metal Roof, impact windows and door (except front door), extra parking, Icynene foam insulation (chemical-free), and more. Situated on a generous 21,000+ square foot lot, this property is a true oasis.
Unit Size
3,293 Ft²
Days on Market
145 days
Land Size
0.48 acres
Price per sqft
$463
Property Type
House
Property Taxes
$866
HOA Dues
$102
Year Built
2000

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Last updated: 2 months ago (MCRTC #M20045721)

Price History

Date / Event Date Event Price
Nov 25, 2024 Sold
Sold
Jul 3, 2024 Listed by Beach Front Mann Realty $1,525,000
Listed by Beach Front Mann Realty
May 29, 2008 Sold
Sold
Oct 9, 1998 Sold
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 588
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 21,083
  • Total Building Area: 3,881
  • Gross Building Area: 3,881
  • Building Area: 3,293
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,293
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASTLE HILL
  • Land Acres: 0000000484
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: CASTLE HILL LOT 28 PI# 26-37-41-015-000-00280-50000

Neighborhood

  • School District Name: Martin County School District
  • Census Tract: 000502

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: SP-01
  • Parcel: 26-37-41-015-000-00280-5
  • Lot: 28
  • Meridian: SEC 26 TWN 37S RNG 41E
  • Latitude: 27.2173
  • Longitude: -80.2104

    Address

  • Full Address: 5 Palama Way
  • Address - House Number: 5
  • Address - Street Name: Palama
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Stuart
  • Carrier Code: C021
  • 4-Digit Zip Code: 6511
  • Zip Code: 34996

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,006,223
  • Tax Rate Code Area: 2200 SEWAL

    Appraisal Valuation

  • Standard Deviation: 0.2066
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 72
  • Final Value: 1,596,274
  • High Value: 1,926,185
  • Low Value: 1,266,362

    Market Valuation

  • Market Total Value: $1,015,290
  • Market Land Value: $400,000
  • Market Improvement Value: $615,290

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $647,211

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 22, 2008
  • Current Sale Recording Date: May 29, 2008
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2086626
  • Previous Sale Recording Date: Oct 09, 1998
  • Previous Sale Amount: $68,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sewall's Point


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Nearby Rentals

Unit for rent at 390 Ne Edgewater Drive, Stuart, FL, 34996

$5,500 /mo

  • 2 Beds
  • 2 Baths
  • 970 ft²
390 Ne Edgewater Drive #403, Stuart, FL, 34996 Listing by Mary Jill Elizabeth Falcigno
Unit for rent at 217 Se Coconut Avenue, Stuart, FL, 34996

$4,750 /mo

  • 2 Beds
  • 1 Bath
  • 1,197 ft²
217 Se Coconut Avenue, Stuart, FL, 34996 Listing by Laura Frances Tankersley


Frequently Asked Questions

When was property at 5 Palama Way built and last sold?
The property at 5 Palama Way was built in 2000 and last sold on May 22, 2008 for $764,900.
How much is this home worth?
The estimated value of the home located at 5 Palama Way is $1,540,250.
What are some comparable homes to 5 Palama Way?
There are currently no comparable homes to 5 Palama Way.