Pending
$2,875,000
4beds
3,918sqft
405 S Palm Island Cir, Indian River Shores, FL 32963
4beds
3,918sqft
Single family residence
Built in 2016
0.26 Acres
2 Garage spaces
$734 price/sqft
$1,433/mo HOA
What's special
Private beach accessOffice wingSingle-story livingPrivate upper-level guest retreatElegant millworkPrivate primary suite
Enjoy dual waterfront amenities including private beach access, oceanfront clubhouse, river access with kayak launch, pools, fitness center, trails, and guard-gated security and refined coastal living in this newer custom residence in Palm Island Plantation. Offering convenient single-story living with private upper-level guest retreat. Main level features a private primary suite and office wing, complete with elegant millwork, fireplace, chef’s kitchen with marble island, and seamless indoor-outdoor flow to courtyard pool and spa. Upstairs offers two en-suite bedrooms and a family room.
- 159 days |
- 137 |
- 1 |
Source: Realtor Association of Indian River County,MLS#: 295846
Originating MLS: Indian River
Originating MLS: Indian RiverTravel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Listed by:
Luke Webb 772-222-4648,
Luke D Webb Real Estate Inc
Source: Realtor Association of Indian River County,MLS#: 295846Originating MLS: Indian River
Originating MLS: Indian RiverFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Bedroom
- Dimensions: 13x19
Bedroom
- Dimensions: 16x13
Bedroom
- Dimensions: 16x12
Bedroom
- Dimensions: 13x12
Den
- Dimensions: 18x11
Den
- Dimensions: 17x15
Dining room
- Dimensions: 12x14
Kitchen
- Dimensions: 12x21
Laundry
- Dimensions: 12x6
Living room
- Dimensions: 22x18
Patio
- Dimensions: 22x11
Heating
- Central, Multiple Heating Units
Cooling
- Central Air, 3+ Units
Appliances
- Included: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Wine Cooler, Washer
- Laundry: Laundry Room
Features
- Built-in Features, Crown Molding, Kitchen Island, Primary Downstairs, Central Vacuum, French Door(s)/Atrium Door(s)
- Flooring: Carpet, Tile, Wood
- Doors: French Doors
- Windows: Blinds
- Number of fireplaces: 1
Interior area
- Total interior livable area: 3,918 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio, Porch
- Exterior features: Sprinkler/Irrigation, Porch, Patio, Rain Gutters
- Has private pool: Yes
- Pool features: Gas Heat, Heated, Pool, Private, Community
- Has spa: Yes
- Spa features: Community, Hot Tub
- Has view: Yes
- View description: Garden, Lake, Preserve
- Has water view: Yes
- Water view: Lake
- Waterfront features: Intracoastal Access, Lake, None, Pond, Beach Access
Lot
- Size: 0.26 Acres
- Dimensions: 86 x 150
- Features: Cul-De-Sac, 1/4 to 1/2 Acre Lot
Details
- Parcel number: 31393600031000100033.0
- Zoning: ,
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Stucco
- Roof: Tile
Condition
- New construction: No
- Year built: 2016
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Club Membership Available, Clubhouse, Fitness, Other, Pool, Trails/Paths, Water Access, Gutter(s)
- Security: Gated with Guard
- Subdivision: Palm Isl Plantation
HOA
- Has HOA: Yes
- Amenities included: Dues Paid Quarterly
- Services included: Common Areas, Maintenance Grounds, Pest Control, Pool(s), Recreation Facilities, Security, Trash
- HOA fee: $1,433 monthly
- HOA name: Elliott Merrill
Location
- Region: Indian River Shores
Financial & listing details
- Price per square foot: $734/sqft
- Tax assessed value: $2,078,241
- Annual tax amount: $12,610
- Date on market: 3/16/2026
- Listing terms: Cash,New Loan
- Ownership: Single Family/Other
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Pending sale | $2,875,000$734/sqft |
Source:  Realtor Association of Indian River County #295846 Report a problem | ||
| 8/5/2026 | Contingent | $2,875,000$734/sqft |
Source: Realtor Association of Indian River County #295846 Report a problem | ||
| 4/15/2026 | Price change | $2,875,000-2.5%$734/sqft |
Source: Realtor Association of Indian River County #295846 Report a problem | ||
| 3/18/2026 | Listed for sale | $2,950,000+105.6%$753/sqft |
Source: Realtor Association of Indian River County #295846 Report a problem | ||
| 4/1/2016 | Sold | $1,434,600$366/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,789 +3.8% | $1,075,075 +2.9% |
| 2024 | $12,319 +5.5% | $1,044,776 +3% |
| 2023 | $11,676 +2% | $1,014,345 +3% |
| 2022 | $11,448 -1% | $984,801 +3% |
| 2021 | $11,562 -0.3% | $956,117 +1.4% |
| 2020 | $11,593 | $942,916 +2.3% |
| 2019 | $11,593 -1% | $921,717 +1.9% |
| 2018 | $11,713 -0.3% | $904,531 +2.1% |
| 2017 | $11,752 | $885,926 +493.5% |
| 2016 | $11,752 +518.5% | $149,260 +42.9% |
| 2015 | $1,900 +21% | $104,480 +6.2% |
| 2014 | $1,570 | $98,340 +5.3% |
| 2013 | -- | $93,420 -12.5% |
| 2012 | $1,595 +0.1% | $106,770 |
| 2011 | $1,594 -20% | $106,770 -20% |
| 2010 | $1,992 -16% | $133,460 -20% |
| 2009 | $2,372 -28.6% | $166,820 -32.4% |
| 2008 | $3,323 +32.5% | $246,900 +35.3% |
| 2007 | $2,508 | $182,540 -9.4% |
| 2006 | -- | $201,510 +68.8% |
| 2005 | -- | $119,410 |
| 2004 | -- | $119,410 |
| 2003 | -- | $119,410 |
Find assessor info on the county website
Monthly payment
Est. payment
$19,348/mo
Principal & interest
$14513
Property taxes
$3402
HOA Fees
$1433
Estimated market value
Not available
Estimated sales range
Not available
Not available
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.
Neighborhood: 32963
Nearby schools
Beachland Elementary School
Grades PK-5 • 5.7 miles7/10
GreatSchools® Rating
Test Score Rating
9/10Student Progress Rating
5/10Gifford Middle School
Grades 6-8 • 4.4 miles7/10
GreatSchools® Rating
Test Score Rating
6/10Student Progress Rating
8/10Vero Beach High School
Grades 9-12 • 7.4 miles5/10
GreatSchools® Rating
Test Score Rating
5/10College Readiness Rating
7/10Student Progress Rating
3/10