When was property at 5506 Palm Drive built and last sold?

The property at 5506 Palm Drive was built in 1975 and last sold on Nov 27, 2018 for $105,600.

How much is this home worth?

The estimated value of the home located at 5506 Palm Drive is $268,748.

What are some comparable homes to 5506 Palm Drive?

There are currently no comparable homes to 5506 Palm Drive.

Indian River Estates

34982

Indian River Estates

5506 Palm Drive

Sold on Sep 26, 2024

Map

$251,000

● House - Off Market

5506 Palm Drive

Fort Pierce, FL 34982

2 Beds

2 Baths

1,265 Ft²

$1,607

Est. Monthly

About This Property

Welcome to your new home! This delightful 2-bed 2-bath house is nestled in popular Indian River Estates offering the perfect blend of tranquility and convenience. The open-concept living room and family room is bathed in natural light, creating a warm and inviting atmosphere. The master bedroom features an en-suite cabana bathroom with a luxurious walk-in shower. Enjoy your own private oasis with a sparkling pool, perfect for cooling off on hot summer days or hosting poolside gatherings. The patio also includes a spacious paver deck area, ideal for barbecues and outdoor dining as well as a shed/workshop and separate storage shed Located a short distance from the nearby park, convenient access to US 1, schools, shopping centers, dining options, the beach and Fort Pierce marina. Don't miss out on this incredible opportunity to own a piece of paradise. Schedule a viewing today and make this charming retreat your new home!

Unit Size

1,265 Ft²

Days on Market

23 days

Land Size

0.23 acres

Price per sqft

$205

Property Type

House

Property Taxes

$331

HOA Dues

Year Built

1975

Payment Calculator

Cap Rate Calculator

Last updated: 5 months ago (Beaches MLS #R11011107)

Price History

Date / Event	Date	Event
Sep 26, 2024	Sold	Premium
Sold
Aug 7, 2024	Listed by The Keyes Company - Stuart	$259,900
Listed by The Keyes Company - Stuart
Dec 13, 2018	Sold	Premium
Sold
Mar 14, 2005	Sold	Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1975

Effective Year Built: 1975
Building Count: 1
Total Rooms: 8
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 0
Building Quality: 7
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 1
Roof Cover Type: 14
Floor Count: 100
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Parking Type: 6
Garage Type: 1
Garage Square Area: 260
Parking Space Count: 1
Patio Type: 5
Porch Type: 102
Pool Type: 8

Dimensions

Lot Size Square Feet: 10,000

Lot Size Depth Feet: 1,250
Lot Size Frontage Feet: 800
Total Building Area: 1,265
Gross Building Area: 3,725
Building Area: 1,265
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 13

Heating: 4
Heated Square Feet: 1,265
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: INDIAN RIVER ESTATES UNIT 8
Land Acres: 0000000230
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 0100
Legal Description 1: INDIAN RIVER ESTATES-UNIT-08- BLK 56 LOT 11 (MAP 34/11N)

Neighborhood

School District Name: St. Lucie County School District

Census Tract: 381605

Zoning

Zoning: RS-4 COUNT

Geography

Assessors Map Reference: 34/11N

Account Number: 37710
Parcel: 3402-609-0149-000-8
Block: 56
Lot: 11
Meridian: SEC 11 TWN 36S RNG 40E
Municipality: SAINT LUCIE COUNTY
Latitude: 27.3643
Longitude: -80.3069

Address

Full Address: 5506 Palm Dr

Address - House Number: 5506
Address - Street Name: Palm
Address - Suffix Type: Dr
State: FL
City Name: Fort Pierce
Carrier Code: C039
4-Digit Zip Code: 3893
Zip Code: 34982

Valuation

Tax

Total Area: 1,265

Tax Year: 2023
Tax Amount: $397,008
Tax Rate Code Area: 0002

Appraisal Valuation

Standard Deviation: 0.148

Valuation Date: Apr 03, 2024
Confidence Score: 82
Final Value: 292,141
High Value: 335,387
Low Value: 248,895

Market Valuation

Market Total Value: $215,200

Market Land Value: $82,500
Market Improvement Value: $132,700

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $215,200
Assessed Land Value: $82,500
Assessed Improvements Value: $132,700

Sales

Current Sale Contract Date: Nov 27, 2018

Current Sale Recording Date: Dec 13, 2018
Current Sale Price:

Premium
Current Sale Document Type: 69
Current Sale Input Document Number: 4510700
Previous Sale Recording Date: Mar 14, 2005
Previous Sale Contract Date: Mar 08, 2005
Previous Sale Amount: $165,000
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Indian River Estates

Stats & Trends

Median Asking:

$359,000

Sale Price/ft²

$232

Below Asking

0.02%

Average Days on Market

Average Home Size

1671 ft²

Average Home Age

23 years

Currently For Sale

52 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 363 Hosbine Street, Fort Pierce, FL, 34982

$2,200 /mo

3 Beds
1 Bath
1,344 ft²

363 Hosbine Street, Fort Pierce, FL, 34982 Listing by Edward Myers

Unit for rent at 364 Johnston Street, Fort Pierce, FL, 34982

$1,795 /mo

3 Beds
1 Bath
1,076 ft²

364 Johnston Street, Fort Pierce, FL, 34982 Listing by Gustavo Gutierrez

Unit for rent at 625 Coconut Avenue N, Port St. Lucie, FL, 34952

$3,200 /mo

4 Beds
3 Baths
1,418 ft²

625 Coconut Avenue N, Port St. Lucie, FL, 34952 Listing by Dawn March Burlace

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Veronica Harris
The Keyes Company - Stuart
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R11011107

All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.