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Off market
  • $5,472,500

    240 Sabal Palm Ln, Indian River Shores, FL 32963

    4beds
    4,287sqft
    SingleFamily
    Built in 1973
    0.53 Acres Lot
    $5,472,500 Zestimate®
    $1,277/sqft
    $38,343 Estimated rent

    Home value

    $5,472,500

    $4.43M - $6.79M

    $38,343/mo

    Zestimate® history
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    What's special

    Let serene water views and a quiet location lead you in this wonderfully situated 4BR/4.5BA home, set on a tranquil cul-de-sac located close to Club amenities. Poised on .53+/- acres, the residence has a classic and inviting interior with a living room with fireplace and wet bar, sunlit enclosed loggia that allows for easy indoor/outdoor entertaining as it leads out to an expansive poolside terrace. The pool overlooks a water feature between the 8th and 11th fairways of the South Course, with lush foliage framing the scene. A separate cabana with kitchenette provides charming guest accommodations, while two main en suite bedrooms enjoy the key views. An island kitchen, family area with fireplace, 2-car garage, and lovely millwork round out this lovely 4,287+/- GSF retreat that beckons you home. 

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Forced air
    Features
    • Flooring: Carpet, Concrete
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 4,287 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • Exterior features: Stucco, Cement / Concrete
    Lot
    • Size: 0.53 Acres
    Details
    • Parcel number: 324018000010000000870

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • masonry
    • Roof: Asphalt
    Condition
    • Year built: 1973

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $20 monthly
    Location
    • Region: Indian River Shores

    Financial & listing details

    • Price per square foot: $1,277/sqft
    • Tax assessed value: $4,527,990
    • Annual tax amount: $33,246

    Price history

    DateEventPrice
    1/29/2021Sold$2,350,000+2.4%$548/sqft
    Source: Public Record Report a problem
    12/9/2020Pending sale$2,295,000$535/sqft
    Source: John's Island Real Estate Company Report a problem
    12/2/2020Listed for sale$2,295,000+183.3%$535/sqft
    Source: John's Island Real Estate Company Report a problem
    6/11/2003Sold$810,000$189/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$33,246 +2.9%$2,802,492 +2.9%
    2024$32,318 +4.5%$2,723,510 +3%
    2023$30,938 +2.1%$2,644,185 +3%
    2022$30,293 +93.9%$2,567,170 +100.7%
    2021$15,625 -0.2%$1,278,824 +1.4%
    2020$15,661 $1,261,168 -38.6%
    2019$15,661 -42%$2,053,204 +69.7%
    2018$27,004 +70.2%$1,209,826 +2.1%
    2017$15,866 $1,184,942 +2.1%
    2016$15,866 -2%$1,160,570 +0.7%
    2015$16,182 -4%$1,152,510 -13.6%
    2014$16,851 $1,333,170 +18.3%
    2013-- $1,126,470 0%
    2012$16,306 +1.7%$1,126,480 +1.6%
    2011$16,026 +1.6%$1,108,590 +1.5%
    2010$15,773 +8.4%$1,092,210 +2.7%
    2009$14,549 +5.8%$1,063,500 +0.1%
    2008$13,755 -0.2%$1,062,440 -5.7%
    2007$13,787 $1,126,600 -3%
    2006-- $1,162,010 +22.5%
    2005-- $948,590
    2004-- $948,590 -0.8%
    2003-- $956,610
    Find assessor info on the county website

    Neighborhood: 32963

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,472,500
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    Estimated market value
    $5,472,500