Pristine mid-century home built by famous American race car driver, Jim Rathmann. After winning what was voted the greatest Indy 500 of all time, Rathman used his winnings to build this spectacular estate, hence the street address 500 Palmetto. The home sits on an expansive .45 acre, corner lot located a block away from Orlando Park in coveted SOFA district of Indialantic. Tastefully and thoughtfully updated with sparkling Terrazzo flooring and custom walnut cabinetry and doors throughout. Gourmet kitchen with double-thick quartz counters, Thermador appliances including a gas cooktop and double ovens. Spacious den/office overlooks pool and includes a walnut built-in with TV. Expansive outdoor space with fully remodeled, oversized saltwater pool and cabana bath. Newly constructed concrete block shed/workshop has potential for detached office with power sufficient for mini-split A/C. Infrastructure upgrades include new plumbing (PVC drains), hurricane impact rated windows and doors whole home generator hook-up, new HVAC ducts (2015) and a tankless water heater. Experience island life at its finest with stunning river-view sunsets at the nearby park and enjoy a short, scenic walk to the beach. Schedule your showing today to view this truly one-of-a-kind home.
Sold for $1,150,000
$1,150,000
500 Palmetto Pl, Indialantic, FL 32903
4beds
2,722sqft
Single Family Residence
Built in 1961
0.43 Acres Lot
$1,224,400 Zestimate®
$422/sqft
$4,851 Estimated rent
Home value
$1,224,400
$1.14M - $1.33M
$4,851/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Aaron Young 321-210-6529,
Island Pineapple Realty, LLC
Bought with:
Maria E. Traugott, 3359113
Tropical Realty & Inv. of Brev
Source: Space Coast AOR,MLS#: 1016128
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Double Oven, Dryer, Gas Range, Ice Maker, Washer
Features
- Breakfast Bar, Eat-in Kitchen, Walk-In Closet(s)
- Flooring: Terrazzo
- Has fireplace: No
Interior area
- Total interior livable area: 2,722 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached Carport, Circular Driveway, Garage
- Garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
Features
- Stories: 1
- Exterior features: Impact Windows
- Pool features: In Ground
- Fencing: Back Yard
Lot
- Size: 0.43 Acres
- Features: Corner Lot
Details
- Additional structures: Workshop
- Additional parcels included: 2846706
- Parcel number: 283806Es00069.00013.01
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mid-Century Modern
- Property subtype: Single Family Residence
Materials
- Block, Concrete
- Roof: Shingle
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected, Propane
Community & HOA
Community
- Subdivision: Indialantic By The Sea
HOA
- Has HOA: No
Location
- Region: Indialantic
Financial & listing details
- Price per square foot: $422/sqft
- Tax assessed value: $846,540
- Annual tax amount: $7,268
- Date on market: 6/22/2024
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2024 | Sold | $1,150,000-3.8%$422/sqft |
Source: Space Coast AOR #1016128 Report a problem | ||
| 7/13/2024 | Contingent | $1,195,000$439/sqft |
Source: Space Coast AOR #1016128 Report a problem | ||
| 6/22/2024 | Listed for sale | $1,195,000+153.2%$439/sqft |
Source: Space Coast AOR #1016128 Report a problem | ||
| 5/29/2015 | Sold | $472,000-1.6%$173/sqft |
Source: Space Coast AOR #721809 Report a problem | ||
| 5/22/2015 | Pending sale | $479,900$176/sqft |
Source: RE/MAX ALTERNATIVE REALTY INC #721809 Report a problem | ||
| 4/4/2015 | Listed for sale | $479,900+100%$176/sqft |
Source: RE/MAX ALTERNATIVE REALTY INC #721809 Report a problem | ||
| 10/5/1999 | Sold | $240,000+53.8%$88/sqft |
Source: Public Record Report a problem | ||
| 11/19/1997 | Sold | $156,000$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,917 +70.9% | $771,020 +63.4% |
| 2024 | $7,557 +4% | $471,820 +4.5% |
| 2023 | $7,268 +7.4% | $451,390 +3% |
| 2022 | $6,769 -3.1% | $438,250 +3% |
| 2021 | $6,983 0% | $425,490 +1.4% |
| 2020 | $6,985 +1.2% | $419,620 +2.3% |
| 2019 | $6,901 | $410,190 +1.9% |
| 2018 | $6,901 -0.7% | $402,550 +2.1% |
| 2017 | $6,948 +3.6% | $394,280 +2.1% |
| 2016 | $6,705 -1% | $386,180 +69.9% |
| 2015 | $6,771 +74.2% | $227,300 +0.2% |
| 2014 | $3,887 | $226,880 -10.6% |
| 2013 | -- | $253,650 +10.7% |
| 2012 | $3,910 +3.4% | $229,190 -1.8% |
| 2011 | $3,780 +10.7% | $233,450 -14.2% |
| 2010 | $3,414 +9.6% | $272,120 -10.4% |
| 2009 | $3,116 +2.3% | $303,820 -14.7% |
| 2008 | $3,045 -0.6% | $356,000 -11% |
| 2007 | $3,063 +0.5% | $400,000 +16.3% |
| 2005 | $3,047 -2.7% | $343,810 +19.5% |
| 2004 | $3,131 -1.9% | $287,750 +26.5% |
| 2003 | $3,192 +2.8% | $227,480 +12.5% |
| 2002 | $3,104 +3.4% | $202,260 +11.2% |
| 2001 | $3,001 +5.9% | $181,970 +11.7% |
| 2000 | $2,834 | $162,890 |
Find assessor info on the county website
Neighborhood: 32903
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Nearby schools
GreatSchools rating
- 10/10Indialantic Elementary SchoolGrades: PK-6Distance: 1.4 mi
- 7/10Herbert C. Hoover Middle SchoolGrades: 7-8Distance: 1.5 mi
- 6/10Melbourne Senior High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: Indialantic
- Middle: Hoover
- High: Melbourne
Source: Space Coast AOR. 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
$1,224,400
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
$1,224,400
- Florida
- Brevard County
- Indialantic
- 32903
- 500 Palmetto Pl
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