See Home Value
$472,000
● House - Off Market

500 Palmetto Place

Indialantic, FL 32903
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,642 Ft²
$859,559
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

Stop looking!! Your beachside living starts here. Updates galore new A/C, plumbing, electrical box and pool bath.  Home features tile & carpet flooring, double pane windows and bonus room.  Enter through double door entry then stroll into the large great room that is open and bright.  Great room features 2 sliding doors and recessed lighting. Kitchen with island, breakfast bar, cook top, built in oven and loads of cabinet space. Master suite with updated master bath with double vanities, tiled shower and walk in closet. Step up to the large extra bedrooms, 2 with walk in closets.  Relax in the serene backyard soaking in the sparkling pool or catch the Florida sunshine. 2 car garage plus carport on this large corner lot.  Come see this today!!  Close to great schools, restaurants and parks. parks.
Unit Size
2,642 Ft²
Days on Market
55 days
Land Size
0.43 acres
Price per sqft
$182
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1961

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Last updated: 6 months ago (Space Coast MLS #721809)

Price History

Date / Event Date Event Price
Aug 26, 2024 Sold
Sold
Jul 13, 2024 In contract -
In contract
Jun 6, 2024 Listed by Island Pineapple Realty, LLC $1,195,000
Listed by Island Pineapple Realty, LLC
Pristine mid-century home built by famous American race car driver, Jim Rathmann. After winning what was voted the greatest Indy 500 of all time, Rathman used his winnings to build this spectacular estate, hence the street address 500 Palmetto. The home sits on an expansive .45 acre, corner lot located a block away from Orlando Park in coveted SOFA district of Indialantic. Tastefully and thoughtfully updated with sparkling Terrazzo flooring and custom walnut cabinetry and doors throughout. Gourmet kitchen with double-thick quartz counters, Thermador appliances including a gas cooktop and double ovens. Spacious den/office overlooks pool and includes a walnut built-in with TV. Expansive outdoor space with fully remodeled, oversized saltwater pool and cabana bath. Newly constructed concrete block shed/workshop has potential for detached office with power sufficient for mini-split A/C. Infrastructure upgrades include new plumbing (PVC drains), hurricane impact rated windows and doors whole home generator hook-up, new HVAC ducts (2015) and a tankless water heater. Experience island life at its finest with stunning river-view sunsets at the nearby park and enjoy a short, scenic walk to the beach. Schedule your showing today to view this truly one-of-a-kind home.
May 29, 2015 Sold
Sold
Apr 3, 2015 Listed by RE/MAX Alternative Realty $479,900
Listed by RE/MAX Alternative Realty
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 575
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 18,731
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 1,223
  • Total Building Area: 3,318
  • Gross Building Area: 3,318
  • Building Area: 2,642
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,642
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIALANTIC BY THE SEA
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: INDIALANTIC BY THE SEA SLY 110.15 FT OF LOT 13 BLK 69

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 066200

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 327
  • Account Number: 2846706
  • Parcel: 28-38-06-ES-00069.0-0013.01
  • Block: 69
  • Lot: 13
  • Meridian: SEC 06 TWN 28S RNG 38E
  • Municipality: INDIALANTIC
  • Latitude: 28.0802
  • Longitude: -80.5723

    Address

  • Full Address: 500 Palmetto Pl
  • Address - House Number: 500
  • Address - Street Name: Palmetto
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Indialantic
  • Carrier Code: C003
  • 4-Digit Zip Code: 3532
  • Zip Code: 32903

Valuation

    Tax

  • Total Area: 3,076
  • Tax Year: 2022
  • Tax Amount: $676,901
  • Tax Rate Code Area: 54S0

    Appraisal Valuation

  • Standard Deviation: 0.2418
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 66
  • Final Value: 969,660
  • High Value: 1,204,152
  • Low Value: 735,168

    Market Valuation

  • Market Total Value: $632,470

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $438,250

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 29, 1999
  • Current Sale Recording Date: Oct 05, 1999
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 19, 1997
  • Previous Sale Contract Date: Nov 17, 1997
  • Previous Sale Amount: $156,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Indialantic by The Sea


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Frequently Asked Questions

When was property at 500 Palmetto Place built and last sold?
The property at 500 Palmetto Place was built in 1961 and last sold on Sep 29, 1999 for $240,000.
How much is this home worth?
The estimated value of the home located at 500 Palmetto Place is $0.
What are some comparable homes to 500 Palmetto Place?
There are currently no comparable homes to 500 Palmetto Place.