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Sold for $725,000
  • $725,000

    1545 Palm Way, Sanford, FL 32773

    2beds
    1,080sqft
    Single Family Residence
    Built in 1984
    9.33 Acres Lot
    $837,800 Zestimate®
    $671/sqft
    $1,734 Estimated rent

    Home value

    $837,800

    $796,000 - $880,000

    $1,734/mo

    Zestimate® history
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    What's special

    Expansive usable acreageElectrical panelElevated stilt home
    Virtually Staged. Seller is willing to SPLIT the property into two 5 acre parcels and sell separately. Tucked away at the end of a quiet street on nearly 10 fully fenced acres in Sanford, this one-of-a-kind stilt home property offers rare privacy, exceptional versatility, and outstanding equestrian potential. With expansive, usable acreage and no HOA, the land is ideal for horses, livestock, agricultural use, or a private farmstead—while still offering endless opportunities to build, expand, or invest. This property is zoned A-1 and may also be subdivided, presenting an excellent opportunity for future development, multi-generational living, or long-term investment. Live comfortably in the existing home while you build your dream estate, or enjoy the property as-is with room to grow. The front portion of the property is fully cleared and ready for a new home site, barns, paddocks, riding arena, or additional structures. The elevated stilt home features 2 bedrooms and 1 bathroom, plus an additional area that can easily be enclosed to create a third bedroom or flexible living space. Recent improvements include a 2022 roof, 2018 A/C, 2021 plumbing, and electrical panel. The elevated design offers peaceful views across the acreage, while the space below—previously used as a barn—provides excellent functionality for equestrian use, livestock, storage, or a workshop. Conveniently located just minutes from Sanford Airport, SR-417, shopping, dining, and everyday amenities, this property combines the freedom of acreage living with easy access to Central Florida conveniences. Whether you’re seeking an equestrian property, private retreat, small farm, or land with development potential, this unique Sanford opportunity is ready to bring your vision to life.

    Zillow last checked:

    Listing updated:

    Listed by:

    Chris Creegan 407-622-1111,

    CREEGAN GROUP 407-622-1111,

    Delaney Heidenescher 407-697-4756,

    CREEGAN GROUP

    Bought with:

    Chris Creegan, 3168853

    CREEGAN GROUP

    Delaney Heidenescher, 3549767

    CREEGAN GROUP

    Source: Stellar MLS,MLS#: O6365836MLS LogoOriginating MLS: Orlando Regional

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Features: Built-in Closet
    • Level: First
    • Area: 149.5 Square Feet
    • Dimensions: 13x11.5
    Bedroom 2
    • Features: Built-in Closet
    • Level: First
    • Area: 103.5 Square Feet
    • Dimensions: 9x11.5
    Bathroom 1
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Microwave, Range, Refrigerator
    • Laundry: Electric Dryer Hookup, Washer Hookup
    Features
    • Ceiling Fan(s), Solid Wood Cabinets
    • Flooring: Carpet, Linoleum, Tile
    • Has fireplace: No
    Interior area
    • Total structure area: 1,272
    • Total interior livable area: 1,080 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Front Porch, Side Porch
    • Exterior features: Other
    • Fencing: Wood
    • Has view: Yes
    • View description: Trees/Woods
    Lot
    • Size: 9.33 Acres
    • Dimensions: 635' x 640'
    • Features: Cleared, Level, Pasture, Private, Street Dead-End, Zoned for Horses
    • Residential vegetation: Fruit Trees, Mature Landscaping, Oak Trees, Wooded
    Details
    • Additional structures: Barn(s)
    • Parcel number: 1720315AZ00000240
    • Zoning: A-1
    • Special conditions: None
    • Horse amenities: Round Pen

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Florida,Key West
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame
    • Foundation: Raised
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1984

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Electricity Connected, Water Connected

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: PALM HAMMOCK
    HOA
    • Has HOA: No
    Location
    • Region: Sanford

    Financial & listing details

    • Price per square foot: $671/sqft
    • Tax assessed value: $495,404
    • Annual tax amount: $1,722
    • Date on market: 1/1/2026
    • Cumulative days on market: 153 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Unimproved, Dirt

    Price history

    DateEventPrice
    7/15/2026Sold$725,000-19.4%$671/sqft
    Source: Stellar MLS #O6365836 Report a problem
    7/8/2026Contingent$899,000$832/sqft
    Source: Stellar MLS #O6365836 Report a problem
    6/4/2026Pending sale$899,000$832/sqft
    Source: Stellar MLS #O6365836 Report a problem
    4/30/2026Price change$899,000-9.6%$832/sqft
    Source: Stellar MLS #O6365836 Report a problem
    1/1/2026Listed for sale$995,000+7007.1%$921/sqft
    Source: Stellar MLS #O6365836 Report a problem
    1/1/1984Sold$14,000$13/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,819 +28.4%$151,552 +2.9%
    2024$1,417 +3.3%$147,281 +3%
    2023$1,372 +3.4%$142,991 +3%
    2022$1,327 -14.6%$138,826 +3%
    2021$1,555 +1.2%$134,783 +1.4%
    2020$1,537 +1.3%$132,922 +2.3%
    2019$1,517 $129,934 +1.9%
    2018$1,517 +1.7%$127,511 +2.1%
    2017$1,493 +1.1%$124,888 +1.4%
    2016$1,477 -1.9%$123,175 +1.4%
    2015$1,505 $121,469 +0.8%
    2014$1,505 +15%$120,505 +1.5%
    2013$1,309 +7.8%$118,724 +1.7%
    2012$1,215 +3.2%$116,739 +3%
    2011$1,177 +1.2%$113,339 +1.5%
    2010$1,163 +4.7%$111,664 +2.7%
    2009$1,111 +3.7%$108,728 +0.1%
    2008$1,071 -9.8%$108,619 +3%
    2007$1,188 -5.3%$105,455 +2.5%
    2006$1,255 +2.3%$102,883 +3%
    2005$1,227 +0.9%$99,886 +3%
    2004$1,217 +1.1%$96,977 +1.9%
    2003$1,203 +1.6%$95,169 +2.4%
    2002$1,184 +4.9%$92,938 +4.6%
    2000$1,128 $88,810
    Find assessor info on the county website

    Neighborhood: 32773

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Middle: Sanford Middle
    • High: Seminole High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $837,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $837,800