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Sold for $4,850,000
  • $4,850,000

    285 Coconut Palm Rd, Indian River Shores, FL 32963

    3beds
    3,983sqft
    Detached Home
    Built in 1992
    0.53 Acres Lot
    $4,976,400 Zestimate®
    $1,218/sqft
    $-- Estimated rent

    Home value

    $4,976,400

    $4.38M - $5.67M

    Not available

    Zestimate® history
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    What's special

    Nestled amongst a canopy of lush greenery and overlooking serene views of Lake Reams, this beautifully renovated 3BR/3.5BA retreat is the ultimate in lakefront living. Indulge in soothing, tropical breezes and watching unmatched sunsets and a variety of waterfowl from your own back yard. Offering ample outdoor living areas with custom brass landscape lighting, coupled with architectural detailing & custom finishes, this spacious 3,983+/- GSF home is sure to please even the most discerning buyer. Enviable features include a living room with gas fireplace, new flooring in the main living areas, vaulted ceiling family room adjoining the open kitchen with premium appliances and wet bar, plantation shutters, and a newly resurfaced saltwater pool.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Forced air
    Features
    • Flooring: Carpet, Concrete
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,983 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • Exterior features: Stucco, Cement / Concrete
    Lot
    • Size: 0.53 Acres
    Details
    • Parcel number: 323912000040000000550
    • Zoning: Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Detached Home
    Materials
    • masonry
    • Foundation: Slab
    • Roof: Tile
    Condition
    • Year built: 1992

    Utilities & green energy

    • Electric: City VB
    • Sewer: City

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $1,218/sqft
    • Tax assessed value: $3,022,580
    • Annual tax amount: $25,735

    Price history

    DateEventPrice
    7/14/2026Sold$4,850,000+80.3%$1,218/sqft
    Source: Public Record Report a problem
    9/3/2018Listing removed$2,690,000$675/sqft
    Source: John's Island Real Estate Company Report a problem
    4/5/2018Listed for sale$2,690,000+15.7%$675/sqft
    Source: John's Island Real Estate Company Report a problem
    5/12/2017Sold$2,325,000+2.9%$584/sqft
    Source: Realtor Association of Indian River County #180608 Report a problem
    2/8/2006Sold$2,260,000$567/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$25,735 +3%$2,193,253 +2.9%
    2024$24,983 +4.5%$2,131,441 +3%
    2023$23,914 +1.7%$2,069,360 +3%
    2022$23,516 -1.1%$2,009,088 +3%
    2021$23,785 -0.3%$1,950,571 +1.4%
    2020$23,865 $1,923,640 +2.3%
    2019$23,865 -1.1%$1,880,391 +1.9%
    2018$24,130 +38.9%$1,845,330 +41.6%
    2017$17,373 $1,303,541 +2.1%
    2016$17,373 -2%$1,276,730 +0.7%
    2015$17,731 -4%$1,267,860 +0.8%
    2014$18,469 $1,257,800 +1.5%
    2013-- $1,239,220 -0.6%
    2012$18,013 -5.8%$1,246,170 -5.8%
    2011$19,129 +1.6%$1,322,570 +1.5%
    2010$18,831 +7.9%$1,303,030 +2.7%
    2009$17,445 +5.8%$1,268,780 +0.1%
    2008$16,492 -0.1%$1,267,520 +5%
    2007$16,501 $1,207,240 -0.9%
    2006-- $1,217,690 +5.1%
    2005-- $1,158,310
    2004-- $1,158,310 -5.4%
    2003-- $1,224,880
    Find assessor info on the county website

    Neighborhood: 32963

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Beachland Elementary
    • High: Vero Beach High School

    Source: The 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
    $4,976,400
    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
    $4,976,400