10.34 acre waterfront property offering ultimate privacy. A Legacy Estate featuring two CBS poured concrete structures consisting of a 5 BD / 4.5 BA Main house (Two Primary Suites - main level and upstairs) and a 2 BD / 2.5 BA Guest House over a 4 Car Garage. No fixed bridges and dockage for up to an approximately 50 ft +/- boat. Impact windows and doors, raised property elevation, metal roof, solid core interior doors, 10 ft & 22ft volume ceilings, and quality finishes throughout.
Sold for $3,050,000
$3,050,000
2901 SW Lake Terrace, Palm City, FL 34990
7beds
5,476sqft
Single Family Residence
Built in 2001
10.93 Acres Lot
$2,939,400 Zestimate®
$557/sqft
$6,310 Estimated rent
Home value
$2,939,400
$2.62M - $3.32M
$6,310/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Charles A Forcucci 561-339-6547,
Douglas Elliman Jupiter
Bought with:
Elise Danielian, 3212537
Lang Realty
Source: BeachesMLS,MLS#: R10994601
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 8
- Full bathrooms: 7
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Description: Estimate
- Level: Upper
- Area: 168
- Dimensions: 14 X 12
Primary bedroom
- Description: Estimate
- Level: Upper
- Area: 168
- Dimensions: 14 X 12
Kitchen
- Description: Estimate
- Level: Main
- Area: 180
- Dimensions: 15 X 12
Kitchen
- Description: Estimate
- Level: Main
- Area: 180
- Dimensions: 15 X 12
Living room
- Description: Estimate
- Level: Main
- Area: 300
- Dimensions: 15 X 20
Living room
- Description: Estimate
- Level: Main
- Area: 300
- Dimensions: 15 X 20
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Dishwasher, Free-Standing Freezer, Disposal, Gas Range, Refrigerator, Washer
- Laundry: Inside, Laundry Closet
Features
- Wet Bar, Built-in Features, Bathtub, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, High Ceilings, Kitchen Island, Kitchen/Dining Combo, Main Level Primary, Multiple Primary Suites, Pantry, Split Bedrooms, Storage, Soaking Tub, Separate Shower, Upper Level Primary, Bar, Walk-In Closet(s)
- Flooring: Carpet, Other, Wood
- Windows: Storm Window(s)
- Has fireplace: Yes
- Fireplace features: Decorative
Interior area
- Total structure area: 7,882
- Total interior livable area: 5,476 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached, Circular Driveway, Garage, Garage Door Opener, Open, RV Access/Parking
- Attached garage spaces: 4
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Entry location: Entry Level Living Area Y
- Patio & porch: Covered, Deck, Open, Patio, Porch, Screened, Balcony
- Exterior features: Balcony, Outdoor Living Area, Porch
- Has private pool: Yes
- Pool features: Free Form, Gunite, In Ground, Other
- Has view: Yes
- View description: Canal, Preserve
- Has water view: Yes
- Water view: Canal
- Waterfront features: Navigable Water, No Fixed Bridges, Ocean Access
Lot
- Size: 10.93 Acres
Details
- Parcel number: 013840006000000204
- Zoning: R-1A
- Other equipment: Fuel Tank(s)
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Block, Other
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 2001
Utilities & green energy
- Electric: 3 Phase
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Water Available
Community & HOA
Community
- Security: Gated Community
- Subdivision: M & W LAND MINOR PLAT 1
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Palm City
Financial & listing details
- Price per square foot: $557/sqft
- Tax assessed value: $1,591,860
- Annual tax amount: $11,182
- Date on market: 6/10/2024
- Cumulative days on market: 187 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 2/7/2025 | Sold | $3,050,000-11.6%$557/sqft |
Source:  BeachesMLS #R10994601 Report a problem | ||
| 1/13/2025 | Pending sale | $3,450,000$630/sqft |
Source:  Douglas Elliman #RX-10994601 Report a problem | ||
| 12/13/2024 | Price change | $3,450,000-1.4%$630/sqft |
Source: BeachesMLS #RX-10994601 Report a problem | ||
| 9/16/2024 | Price change | $3,500,000-10.3%$639/sqft |
Source: BeachesMLS #RX-10994601 Report a problem | ||
| 6/10/2024 | Listed for sale | $3,900,000$712/sqft |
Source: BeachesMLS #RX-10994601 Report a problem | ||
| 3/31/2024 | Listing removed | -- |
Source: BeachesMLS #RX-10943204 Report a problem | ||
| 1/3/2024 | Listed for sale | $3,900,000$712/sqft |
Source: BeachesMLS #RX-10943204 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,586 +125% | $1,591,860 +125.4% |
| 2024 | $11,372 +1.7% | $706,157 +3% |
| 2023 | $11,183 +3.5% | $685,590 +3% |
| 2022 | $10,800 -0.6% | $665,622 +3% |
| 2021 | $10,867 +1.3% | $646,235 +1.4% |
| 2020 | $10,727 +1.1% | $637,313 +2.3% |
| 2019 | $10,607 | $622,985 +1.9% |
| 2018 | $10,607 +2.5% | $611,368 +2.1% |
| 2017 | $10,344 | $598,793 +2.1% |
| 2016 | -- | $586,478 +0.7% |
| 2015 | -- | $582,400 +0.8% |
| 2014 | -- | $577,778 +1.5% |
| 2013 | -- | $569,238 +1.7% |
| 2012 | -- | $559,722 +3% |
| 2011 | -- | $543,421 +1.5% |
| 2010 | -- | $535,389 +2.8% |
| 2008 | -- | $520,805 +3% |
| 2007 | $9,096 +0.9% | $505,629 +2.5% |
| 2006 | $9,012 | $493,295 +3% |
| 2005 | -- | $478,927 +5% |
| 2004 | $7,938 | $456,308 |
| 2003 | $7,938 +1.9% | $456,308 +2.4% |
| 2002 | $7,787 +138% | $445,614 +121.5% |
| 2001 | $3,272 +2.4% | $201,176 +2.7% |
| 2000 | $3,194 -18.4% | $195,966 -16.8% |
| 1999 | $3,916 | $235,404 |
Find assessor info on the county website
Neighborhood: 34990
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Nearby schools
GreatSchools rating
- 9/10Bessey Creek Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 8/10Hidden Oaks Middle SchoolGrades: 6-8Distance: 2 mi
- 6/10Martin County High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Bessey Creek
- Middle: Hidden Oaks
- High: Martin County
Source: BeachesMLS. 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
$2,939,400
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Estimated market value
$2,939,400
- Florida
- Martin County
- Palm City
- 34990
- 2901 SW Lake Terrace
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