Sold for $5,600,000

$5,600,000

280 Palm Way, Indian River Shores, FL 32963

3beds

5baths

5,092sqft

SingleFamily

Built in 1973

0.35 Acres Lot

$6,159,900 Zestimate^®

$1,100/sqft

$41,923 Estimated rent

Home value

$6,159,900

$5.36M - $7.15M

$41,923/mo

Zestimate^® history

Owner options

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$41,923/mo

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$41,923/mo

Rent Zestimate^®

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$36,342/mo

Est. payment

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$36,342/mo

Est. payment

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What's special

Sited on a lushly landscaped .35-acre lot is this exquisite 3BR+Library/5BA retreat located on a quiet cul-de-sac. Graceful arches, professionally decorated interiors and a gorgeous poolside loggia echo the tropics. Enjoy warm breezes from this 5092 square foot residence perfectly designed for casual entertaining or to enjoy one of the most spectacular pool, golf and water views in Johns Island. The exquisite living room and handsome library each enjoy a fireplace. Enviable features include a custom wet bar, luxurious finishes, custom built-ins, gourmet kitchen adjoining the family room, private master suite, indoor/outdoor sound system with preloaded music and an automatic mosquito misting system. This remarkable home allows for a lifestyle of elegance and comfort.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 5

Heating

Forced air

Features

Flooring: Tile, Other, Hardwood
Has fireplace: Yes

Interior area

Total interior livable area: 5,092 sqft

Property

Parking

Parking features: Garage - Attached

Features

Exterior features: Stucco, Cement / Concrete
On waterfront: Yes

Lot

Size: 0.35 Acres

Details

Parcel number: 324018000020000001280

Construction

Type & style

Home type: SingleFamily

Materials

masonry
Foundation: Slab
Roof: Tile

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: $1,100/sqft
Tax assessed value: $5,066,475
Annual tax amount: $60,285

Price history

Date	Event	Price
6/19/2024	Sold	$5,600,000+175%$1,100/sqft
Source: Public Record Report a problem
10/9/2018	Sold	$2,036,300-18.5%$400/sqft
Source: Public Record Report a problem
4/4/2013	Sold	$2,500,000-13.6%$491/sqft
Source: Public Record Report a problem
12/12/2012	Listed for sale	$2,895,000+11.3%$569/sqft
Source: The Real Estate Book #729 Report a problem
7/13/2005	Sold	$2,600,000+160%$511/sqft
Source: Public Record Report a problem
11/16/2001	Sold	$1,000,000$196/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$60,285 +105.2%	$5,066,475 +103.4%
2024	$29,377 +4.4%	$2,490,315 +3%
2023	$28,126 +2.1%	$2,417,781 +3%
2022	$27,539 -1.1%	$2,347,360 +3%
2021	$27,859 -0.3%	$2,278,990 +1.4%
2020	$27,956	$2,247,525 -2.2%
2019	$27,956 -5.5%	$2,298,938 +3.9%
2018	$29,598 +6.8%	$2,212,255 +3.2%
2017	$27,717	$2,143,428 +7.9%
2016	$27,717 +4.3%	$1,985,830 +26.6%
2015	$26,571 +13%	$1,569,150 -16.3%
2014	$23,511	$1,875,000 +51.5%
2013	--	$1,237,930 -0.7%
2012	$18,546 -19.8%	$1,246,080 -20%
2011	$23,135 -4.6%	$1,556,890 -4.7%
2010	$24,238 +15.7%	$1,634,430 +10.4%
2009	$20,951 +13%	$1,480,800 +7%
2008	$18,541 +6.1%	$1,384,230 +11%
2007	$17,470	$1,247,240 -4.5%
2006	--	$1,305,610 +12.2%
2005	--	$1,163,990
2004	--	$1,163,990 +27.6%
2003	--	$912,340