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Off market
  • $9,147,700

    340 Palmetto Point, Indian River Shores, FL 32963

    4beds
    5,630sqft
    SingleFamily
    Built in 2018
    0.48 Acres Lot
    $9,147,700 Zestimate®
    $1,625/sqft
    $81,027 Estimated rent

    Home value

    $9,147,700

    $7.78M - $10.79M

    $81,027/mo

    Zestimate® history
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    $81,027/mo

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    $59,616/mo

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    $59,616/mo

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    What's special

    NEARING COMPLETION:  This remarkable 4BR/6.5BA waterfront residence is exceptional even by John's Island's peerless standards. From the indoor and outdoor living spaces that are arranged around unobstructed John's Island Sound views, to the private location along a protected cove of JI Sound on a quiet cul-de-sac. Privacy is paramount. Impeccably designed by Matthew Lee Gore Architects and built with quality construction and craftsmanship by Flinchum Construction, the 5,630+/- GSF floor plan is configured to maximize the gracious .48+/- acre bulkheaded lot, breathtaking water views and desirable southern exposure. From the moment you enter, the brilliant water views envelop you. Hardwood floors, custom cabinetry, custom ceiling details and luxurious finishes lend elegance to this unique two-story retreat. The gourmet island kitchen and adjoining voluminous family room are perfect for entertaining. Euro-Wall glass bifold French doors allow for a seamless transition to the covered loggia with roll-down screens and shutters and sweeping water views beyond. The master suite is adorned with well-appointed finishes and a large walk-in closet. Upstairs, your guests will delight in a private bedroom en suite and a spacious sitting room with kitchenette, full bath and balcony  to appreciate the panoramic, bird's-eye views . Additional features include a pool, spa, bonus room, generator ready, boat dock, 2-car garage and convenient access to the south gate. Enjoy colorful sunsets, manatee, dolphins, various water birds as well as kayaking, fishing and boating from your own backyard.  Designed by Matthew Lee Gore Architects Built by Flinchum Construction

    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: 7
    • Full bathrooms: 6
    • 1/2 bathrooms: 1
    Heating
    • Forced air
    Features
    • Flooring: Tile, Concrete
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 5,630 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • Exterior features: Stucco, Cement / Concrete
    • Has spa: Yes
    Lot
    • Size: 0.48 Acres
    Details
    • Parcel number: 324018000020000002190

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • masonry
    • Foundation: Slab
    • Roof: Other
    Condition
    • Year built: 2018

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $1,625/sqft
    • Tax assessed value: $7,161,231
    • Annual tax amount: $49,722

    Price history

    DateEventPrice
    11/30/2017Sold$3,500,000-44%$622/sqft
    Source: Public Record Report a problem
    10/31/2017Pending sale$6,250,000$1,110/sqft
    Source: John's Island Real Estate Company Report a problem
    8/25/2017Price change$6,250,000+5%$1,110/sqft
    Source: John's Island Real Estate Company Report a problem
    2/23/2017Listed for sale$5,950,000+142.9%$1,057/sqft
    Source: John's Island Real Estate Company Report a problem
    7/11/2016Sold$2,450,000-16.9%$435/sqft
    Source: Public Record Report a problem
    6/17/2016Pending sale$2,950,000$524/sqft
    Source: John's Island Real Estate Company Report a problem
    3/1/2016Price change$2,950,000-9.2%$524/sqft
    Source: John's Island Real Estate Company Report a problem
    1/5/2016Listed for sale$3,250,000$577/sqft
    Source: John's Island Real Estate Company Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$49,722 +2.7%$4,211,494 +3%
    2024$48,419 +4.4%$4,088,847 +3%
    2023$46,366 +2.1%$3,969,755 +3%
    2022$45,406 -1.2%$3,854,132 +3%
    2021$45,951 -8.1%$3,741,876 -5.6%
    2020$50,019 $3,962,459
    2019$50,019 -3.4%$3,962,459 +45%
    2018$51,768 +89.2%$2,732,375 +36.1%
    2017$27,364 $2,007,371 -15.1%
    2016$27,364 -17.4%$2,365,660 +130.4%
    2015$33,143 +123%$1,026,650 +0.8%
    2014$14,863 $1,018,510 +1.5%
    2013-- $1,003,460 +1.7%
    2012$14,158 +3.1%$986,690 +3%
    2011$13,726 +1.6%$957,960 +1.5%
    2010$13,510 +8%$943,810 +2.7%
    2009$12,511 +5.8%$919,000 +0.1%
    2008$11,828 -0.4%$918,090 -52.9%
    2007$11,877 $1,948,730 -7.6%
    2006-- $2,109,280 +12.1%
    2005-- $1,881,750
    2004-- $1,881,750 -3%
    2003-- $1,940,450
    Find assessor info on the county website

    Neighborhood: 32963

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $9,147,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $9,147,700