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$3,899,000   Price Analysis
Agent Details  share icon     map icon  QR
540 Palm Island Ln
Vero Beach, FL 32963
4 bed 6 bath 4,731 SqFt ($824/SqFt)
0.48 acre lot. Built 2007
Listed 2024-04-03, HOA $1383, Taxes $12,618
Ⓧ USDA Ineligible
due to price & location

near Orchid

Welcome to this Palm Island Plantation estate home.

Extraordinary attention to detail throughout the 4, 731-plus AC square feet with 4 bedrooms, 4.2 baths including the guest house and 3-car garage. No detail has been overlooked from the marble floors with 7.5-inch baseboards to the custom ceilings with crown molding.

Featuring granite counters and high-end appliances in the kitchen. The expansive primary suite features a custom walk-in closet, bath with marble counters, whirlpool tub, vulted barrel ceiling and private courtyard. Enjoy outdoor livin g under the expansive loggias or lounge out by the pool in complete privacy.


Presented by Cindy O' Dare, Oceanfront and Luxury Estate Specialist at
One Sotheby's International Realty.
Listing Agent Photo

Property MLS #276961 from IndianRiverCounty

Bedrooms: 4

Total Rooms: 12
Laundry: 14 x 7
Bedroom: 16 x 13
Bedroom: 12 x 15
Bedroom: 12 x 15
Bedroom: 17 x 18
Foyer: 10 x 10
Den: 13 x 15
Laundry: 14 x 7
Bedroom: 16 x 13
Bedroom: 12 x 15
Bedroom: 12 x 15
Bedroom: 17 x 18
Kitchen: 20 x 15
FamilyRoom: 23 x 21
LivingRoom: 17 x 18
DiningRoom: 13 x 15
Foyer: 10 x 10
Den Dimensions: 13 x 15
Family Room Dimensions: 23 x 21
Living Room Dimensions: 17 x 18

Total Bathrooms: 6
Full Bathrooms: 4
1/2 Bathrooms: 2

BuiltinFeatures
Bathtub
ClosetCabinetry
CrownMolding
HighCeilings
JettedTub
KitchenIsland
PrimaryDownstairs
Pantry
VaultedCeilings
CentralVacuum
FrenchDoorsAtriumDoors
Furnished Description: Unfurnished
Door Features: FrenchDoors
Flooring: Carpet, Marble
Window Features: Blinds

BuiltInOven
Cooktop
Dryer
Dishwasher
ElectricWaterHeater
Disposal
Microwave
Refrigerator
WineCooler
Washer
Laundry Features: LowerLevel, LaundryRoom, LaundryTub

Cooling Features: Item3Units
Heating Features: MultipleHeatingUnits
Heating: Yes
Number of Fireplaces: 1

Breakfast Room Dimensions: 13 x 15
Dining Room Dimensions: 13 x 15
Kitchen Dimensions: 20 x 15

Fence
SprinklerIrrigation
Porch
Patio
RainGutters
PropaneTankOwned
Patio And Porch Features: Covered, Patio, Porch

Pool Features: Fenced, Pool, Private, Community
Pool Private: Yes

BeachAccess

Lot Description: Item14to12AcreLot
Lot Size Acres: 0.48
Lot Size Dimensions: 122X172
Lot Size Square Feet: 20909

Garage Spaces: 3
Parking Features: Attached, Driveway, Garage, ThreeCarGarage, GarageDoorOpener, PaverBlock, ThreeormoreSpaces

View: Garden, Pool, Lake
Other Equipment: Generator
Security Features: SecuritySystemOwned, ClosedCircuitCameras, GatedwithGuard

Association: Yes
Association Fee: 1383
Association Fee Includes: CommonAreas, MaintenanceGrounds, RecreationFacilities, Security
Calculated Total Monthly Association Fees: 1383
Association Name: Elliott Merrill
Pets Allowed: Yes

Elementary School District: Indian River County Schools
High School District: Indian River County Schools
Middle or Junior School District: Indian River County Schools

Gifford Middle School is a public middle school located approximately 4.4 miles away.
directions icon Map directions

Beachland Elementary School is a public elementary school located approximately 5.9 miles away.
directions icon Map directions

Vero Beach High School is a public high school located approximately 7.4 miles away.
directions icon Map directions

New Hope Christian Academy is a private elementary school located approximately 2.6 miles away.
directions icon Map directions

Barbecue
Clubhouse
Fitness
Pool
WaterAccess
Gutters
Community Features: Barbecue, Clubhouse, Fitness, Pool, WaterAccess, Gutters

Annual Tax Amount: 12820
Source Listing Status: Active
County: Indian River County
Directions: A1A north to Palm Island Plantation. Guard will direct
Tax Year: 2023
Ownership: Single Family/Other
Source Property Type: Residential
Area: Beach Central
Source Neighborhood: Palm Isl Plantation
Parcel Number: 31393600031000200012.0
Postal City: Vero Beach
Subdivision: Palm Isl Plantation
Zoning: Residential
Zoning Description: Residential
Property Subtype: Detached
Lot Number: 12
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$1,083,343
$12,618
2021$unknown + $unknown
$1,051,789
$12,745
2020$unknown + $unknown
$1,037,267
$12,782
2019$unknown + $unknown
$1,013,946
$12,916
2018$unknown + $unknown
$995,041
$12,910
2017$unknown + $unknown
$974,575
$12,968
2016$unknown + $unknown
$954,530
$13,233
2015$unknown + $unknown
$947,900
$13,784
2014$unknown + $unknown
$940,380
$13,710
2013$unknown + $unknown
$926,490
$13,363
2012$unknown + $unknown
$926,490
$13,910
2011$unknown + $unknown
$1,070,710
$16,052
2010$unknown + $unknown
$1,111,140
$16,480
2009$unknown + $unknown
$987,310
$14,101
2008$unknown + $unknown
$1,384,060
$18,694
2007$unknown + $unknown
$276,470
$3,798

Price Changed 2024-05-01
$3,899,000
IndianRiverCounty
Listed 2024-04-03
$4,300,000
IndianRiverCounty
Sold 2011-11-30
$1,270,000
Public Record
Sold 2011-11-22
$1,375,000
IndianRiverCounty
Listed 2011-08-18
$1,375,000
IndianRiverCounty
Listing removed 2011-07-05
$1,550,000
IndianRiverCounty
Price Changed 2011-03-23
$1,550,000
IndianRiverCounty
Listed 2010-07-06
$1,825,000
IndianRiverCounty
Sold 2003-08-06
$250,000
Public Record

Total Square Feet Living: 4731
Year Built: 2007
Building Area Source: Plans
Construction Materials: Block, Concrete, Stucco
Direction Faces: South
Levels: One
Living Area Source: Plans
Property Age: 17
Roof: Tile
Levels or Stories: 1
Building Total Stories: 1
Architectural Style: OneStory

Sewer: CountySewer
Water Source: Public
Click Thumbnail Images To View Full Size
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kitchenkitchenkitchenunknownbathroom
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.