3 BR + Den, 4-1/2 Bath pool home. Southern Exposure. Adjacent to nature preserve. Beautiful details, crown molding, wood floors, fireplace, lovely pool area and new built-in gas grill. Den could be used as 4th BR. Upstairs loft/den and fenced backyard. AC 2018, HWH 2023 and new fridge. Private poolside cabana steps away from the beach at Oceanside Clubhouse w/1/2 bath and kitchenette. Rm sizes approx/subj to err.
Sold for $2,725,000
$2,725,000
261 Palm Island Ln, Indian River Shores, FL 32963
3beds
3,908sqft
Single Family Residence
Built in 2007
0.25 Acres Lot
$2,708,500 Zestimate®
$697/sqft
$21,286 Estimated rent
Home value
$2,708,500
$2.41M - $3.06M
$21,286/mo
Zestimate® history
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List your homeWhat's special
Pool homePrivate poolside cabanaNew built-in gas grillLovely pool areaSouthern exposureFenced backyardAdjacent to nature preserve
Zillow last checked:
Listing updated:
Listed by:
Lia Peters 772-321-9567,
Dale Sorensen Real Estate Inc.
Bought with:
Cindy J O'Dare, 0326961
One Sotheby's Int'l Realty
Source: Realtor Association of Indian River County,MLS#: 284073
Originating MLS: Indian River
Originating MLS: Indian RiverFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Bedroom
- Dimensions: 19x15
Bedroom
- Dimensions: 15x12
Bedroom
- Dimensions: 15x12
Den
- Dimensions: 13x13
Dining room
- Dimensions: 15x12
Family room
- Dimensions: 17x15
Kitchen
- Dimensions: 19x9
Living room
- Dimensions: 20x18
Patio
- Dimensions: 18x10
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Wine Cooler
- Laundry: Laundry Room, Laundry Tub
Features
- Bathtub, Closet Cabinetry, Crown Molding, High Ceilings, Jetted Tub, Kitchen Island, Primary Downstairs, Vaulted Ceiling(s), Walk-In Closet(s), Central Vacuum
- Flooring: Carpet, Other, Terrazzo, Wood
- Windows: Blinds
- Number of fireplaces: 1
Interior area
- Total interior livable area: 3,908 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Exterior features: Built-in Barbecue, Balcony, Barbecue, Sprinkler/Irrigation, Propane Tank - Owned
- Pool features: Electric Heat, Heated, Pool, Community
- Has spa: Yes
- Has view: Yes
- View description: Garden, Preserve
- Waterfront features: None, Beach Access
Lot
- Size: 0.25 Acres
- Dimensions: 75 x 146
- Features: 1/4 to 1/2 Acre Lot, Few Trees
Details
- Additional structures: Cabana
- Parcel number: 31393600031000100023.0
- Zoning: ,
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Stucco
- Roof: Other
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Barbecue, Clubhouse, Fitness, Game Room, Library, Other, Pool, Sidewalks
- Security: Security System Leased, Closed Circuit Camera(s), Gated with Guard
- Subdivision: Palm Isl Plantation
HOA
- Has HOA: Yes
- Services included: Common Areas, Maintenance Grounds, Pool(s), Recreation Facilities, Reserve Fund, Security, Trash
- HOA fee: $1,368 monthly
- HOA name: Elliott Merrill
Location
- Region: Indian River Shores
Financial & listing details
- Price per square foot: $697/sqft
- Tax assessed value: $1,278,598
- Annual tax amount: $19,638
- Date on market: 1/4/2025
- Listing terms: Cash,New Loan
- Ownership: Single Family/Other
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2025 | Sold | $2,725,000-2.7%$697/sqft |
Source:  Realtor Association of Indian River County #284073 Report a problem | ||
| 1/16/2025 | Contingent | $2,800,000$716/sqft |
Source: Realtor Association of Indian River County #284073 Report a problem | ||
| 1/4/2025 | Price change | $2,800,000-5.1%$716/sqft |
Source: Realtor Association of Indian River County #284073 Report a problem | ||
| 3/27/2024 | Listed for sale | $2,950,000+151.1%$755/sqft |
Source: Realtor Association of Indian River County #276778 Report a problem | ||
| 6/6/2018 | Sold | $1,175,000-8.9%$301/sqft |
Source:  BeachesMLS #R10380040 Report a problem | ||
| 5/3/2018 | Pending sale | $1,290,000+5.3%$330/sqft |
Source: Berkshire Hathaway Florida #RX-10380040 Report a problem | ||
| 4/6/2018 | Listed for sale | $1,224,900$313/sqft |
Source: Berkshire Hathaway Florida #RX-10380040 Report a problem | ||
| 1/19/2018 | Pending sale | $1,224,900$313/sqft |
Source: Berkshire Hathaway #RX-10380040 Report a problem | ||
| 10/20/2017 | Listed for sale | $1,224,900-1.9%$313/sqft |
Source: Berkshire Hathaway Florida #195595 Report a problem | ||
| 8/1/2017 | Listing removed | $1,249,000$320/sqft |
Source: Dale Sorensen Real Estate Inc. #180252 Report a problem | ||
| 7/5/2017 | Price change | $1,249,000+13.5%$320/sqft |
Source: Dale Sorensen Real Estate Inc. #180252 Report a problem | ||
| 5/15/2017 | Listed for sale | $1,100,000-11.9%$281/sqft |
Source: Dale Sorensen Real Estate Inc. #180252 Report a problem | ||
| 6/21/2016 | Listing removed | $1,249,000$320/sqft |
Source: Premier Estate Properties #V163617 Report a problem | ||
| 3/16/2016 | Price change | $1,249,000-5.7%$320/sqft |
Source: Premier Estate Properties #V163617 Report a problem | ||
| 3/1/2016 | Price change | $1,325,000-1.8%$339/sqft |
Source: Premier Estate Properties #V163617 Report a problem | ||
| 10/28/2015 | Listed for sale | $1,349,000$345/sqft |
Source: Premier Estate Properties #V163617 Report a problem | ||
| 5/24/2013 | Listing removed | $7,500$2/sqft |
Source: Cardinal Drive Office #128695 Report a problem | ||
| 12/7/2012 | Price change | $7,500-16.7%$2/sqft |
Source: Dale Sorensen Real Estate, Inc. #128695 Report a problem | ||
| 6/9/2012 | Listed for rent | $9,000$2/sqft |
Source: Dale Sorensen Real Estate, Inc. #128695 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,295 +3.3% | $1,547,104 -15.9% |
| 2024 | $19,638 +8.4% | $1,839,529 +4.9% |
| 2023 | $18,122 +29.3% | $1,753,643 +50.9% |
| 2022 | $14,020 +2.5% | $1,162,362 +6.8% |
| 2021 | $13,673 -1.7% | $1,087,909 0% |
| 2020 | $13,911 | $1,087,915 +3.9% |
| 2019 | $13,911 +0.4% | $1,047,309 +7.3% |
| 2018 | $13,859 +3.1% | $975,699 -0.8% |
| 2017 | $13,448 | $983,950 +12.9% |
| 2016 | $13,448 +6.8% | $871,810 +12% |
| 2015 | $12,587 +6.7% | $778,640 +9.7% |
| 2014 | $11,801 | $709,560 +9.9% |
| 2013 | -- | $645,390 -1.8% |
| 2012 | $9,883 -13.1% | $656,920 -13.3% |
| 2011 | $11,377 -1.2% | $757,570 -3% |
| 2010 | $11,510 +18% | $780,610 +14.5% |
| 2009 | $9,757 -24.3% | $681,770 -28.4% |
| 2008 | $12,886 +495.2% | $952,540 +504.6% |
| 2007 | $2,165 | $157,550 -9.4% |
| 2006 | -- | $173,920 +68.8% |
| 2005 | -- | $103,060 |
| 2004 | -- | $103,060 |
| 2003 | -- | $103,060 |
Find assessor info on the county website
Neighborhood: 32963
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Nearby schools
GreatSchools rating
- 7/10Beachland Elementary SchoolGrades: PK-5Distance: 5.7 mi
- 7/10Gifford Middle SchoolGrades: 6-8Distance: 4.4 mi
- 5/10Vero Beach High SchoolGrades: 9-12Distance: 7.4 mi
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Estimated market value
$2,708,500
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Estimated market value
$2,708,500
- Florida
- Indian River County
- Indian River Shores
- 32963
- 261 Palm Island Ln
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