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Sold for $1,675,000
  • $1,675,000

    5004 SW Martin Commons Way, Palm City, FL 34990

    3beds
    980sqft
    Single Family Residence
    Built in 1994
    9.8 Acres Lot
    $1,305,600 Zestimate®
    $1,709/sqft
    $2,620 Estimated rent

    Home value

    $1,305,600

    $1.08M - $1.61M

    $2,620/mo

    Zestimate® history
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    $11,226/mo

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    $11,226/mo

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    What's special

    Welcome to The Seven Oaks Ranch, a truly enchanting 9.8-acre estate located at 5004 Southwest Martin Commons Way in the picturesque Palm City. As you approach this magnificent property, you're greeted by a grand, gated entrance that opens to a storybook setting. A tree-lined, winding drive meanders through the lush landscape, where dozens of majestic oak trees stand proudly alongside mature vegetation, creating a serene and private retreat. Nestled amidst this verdant paradise is a beautifully renovated, custom-designed 2-bedroom, 2-bath country cottage. The cottage exudes rustic charm with its screened-in front porch, perfect for sipping morning coffee while soaking in the tranquil surroundings. A charming breezeway connects the cottage to a remarkable 3,000-square-foot, air-conditioned CBS garage and storage building, featuring a full bath. This expansive and versatile space invites a multitude of possibilitieswhether you choose to store recreational vehicles, boats, and cars, or transform it into additional living quarters. By integrating the cottage with this expansive brick structure, one can craft a bespoke living space that seamlessly integrates with the existing home, offering the perfect canvas to design a dream residence that reflects your unique vision of luxury, comfort, and style. Venture further, and you'll discover a second large storage/Living steel building currently utilized as a workspace with farmhand living quarters including a full bath, bedroom, office and family room/kitchen, providing ample room for creativity and expansion. For equestrian enthusiasts, this newly fenced property boasts three separate barns designed to accommodate up to 9 horses, along with six new paddocks, ensuring a comfortable and well-equipped environment for your four-legged companions. The main barn also has a half bath in the tack room. As you explore the property, you'll find a charming gazebo overlooking a fountained lake, complete with a new fishing dock that invites you to unwind and enjoy peaceful moments by the water. The scenic beauty of this estate makes it an ideal setting for special events, and was previously utilized as a sought-after location for weddings and other celebratory gatherings. With two gated entrances and parking capacity for approximately 150 cars, this equestrian estate is perfectly suited for an event-hosting business or a charming private residence. Along your winding path lies a storybook two-story playhouse, sitting like a whimsical cottage straight out of a fairy tale. Here, the laughter of children fills the air as they embark on imaginative adventures within their own little world. This charming playhouse, surrounded by a white picket fence, is a miniature wonderland, complete with quaint shutters and a tiny front porch. Inside, the magic comes alive as the little ones scurry up the ladder to the second floor, peeking out from the windows like explorers surveying their kingdom. Downstairs, they host tea parties with their stuffed animal friends or set up a pirate's den, plotting their next grand adventure. More laughter and giggling can be heard outside as they slide down a 360-degree spiral slide. This enchanting playhouse is more than just a structure; it's a place where imagination knows no bounds and every day is a new chapter in their own delightful story. Currently zoned for 3 acres of agriculture and 6.8 acres of residential use, this versatile property offers endless opportunities for those seeking a unique lifestyle or a potentially profitable venture. Whether you envision it as a private sanctuary, a bustling event venue, or an expansive equestrian estate, this lush and elegantly manicured property is a rare gem that promises a life of tranquility, beauty, and boundless potential. Welcome home to your dream estate, where every corner tells a story, and every day brings new adventures. NOTE: The property consists of AND INCLUDES two parcels & two PIDs. Main house Parcel #223840000034000107 (4.8 Acres). Second Parcel #223840000034000009

    Zillow last checked:

    Listing updated:

    Listed by:

    Edward Zakarian 561-847-0380,

    Raya,

    Liza Revelo 561-568-1745,

    Raya

    Bought with:

    Kelley Block, 3039505

    Lighthouse Realty Group, Inc

    Kelley Block, 3039505

    Lighthouse Realty Group, Inc

    Source: BeachesMLS,MLS#: R11018847MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Primary bedroom
    • Level: Main
    • Area: 111.09
    • Dimensions: 10.5 X 10.58
    Bedroom 2
    • Level: Main
    • Area: 119.87
    • Dimensions: 11.33 X 10.58
    Kitchen
    • Level: Main
    • Area: 232.5
    • Dimensions: 15 X 15.5
    Living room
    • Level: Main
    • Area: 136.5
    • Dimensions: 10.5 X 13
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
    • Laundry: Inside
    Features
    • Kitchen/Dining Combo, Storage, Separate Shower
    • Flooring: Laminate
    • Has fireplace: Yes
    Interior area
    • Total structure area: 4,568
    • Total interior livable area: 980 sqft

    Property

    Parking
    • Total spaces: 110
    • Parking features: Circular Driveway, Detached, Garage, Guest, Open, RV Access/Parking
    • Garage spaces: 10
    • Uncovered spaces: 100
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Porch, Screened
    • Exterior features: Awning(s), Lighting, Outdoor Living Area, Porch, Room For Pool
    • Fencing: Fenced
    • Waterfront features: Pond
    Lot
    • Size: 9.80 Acres
    • Features: Fruit Trees, Sprinklers Automatic
    Details
    • Additional structures: Barn(s), Greenhouse, Outbuilding
    • Parcel number: 223840000034000107
    • Zoning: A-2
    • Special conditions: Listed As-Is
    • Horse amenities: Boarding Facilities, Hay Storage, Loafing Shed, Pasture, Paddocks, See Remarks, Stable(s), Tack Room, Water Source

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Fiber Cement, Frame
    • Roof: Aluminum
    Condition
    • Resale
    • New construction: No
    • Year built: 1994

    Utilities & green energy

    • Electric: 3 Phase
    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Cable Available, Water Available

    Community & neighborhood

    Security
    • Security features: Gated Community
    Location
    • Region: Palm City
    • Subdivision: Palm City Farms

    HOA & financial

    HOA
    • Has HOA: No
    • Amenities included: None

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    1/29/2026Listing removed$4,500$5/sqft
    Source: Zillow Rentals Report a problem
    11/4/2025Listed for rent$4,500$5/sqft
    Source: Zillow Rentals Report a problem
    10/6/2025Sold$1,675,000-15.8%$1,709/sqft
    Source: BeachesMLS #R11018847 Report a problem
    9/16/2025Price change$1,990,000-7.4%$2,031/sqft
    Source: BeachesMLS #RX-11018847 Report a problem
    6/28/2025Price change$2,150,000-4.4%$2,194/sqft
    Source: BeachesMLS #RX-11018847 Report a problem
    3/14/2025Price change$2,250,000-10%$2,296/sqft
    Source: BeachesMLS #RX-11018847 Report a problem
    2/25/2025Price change$2,500,000-5.7%$2,551/sqft
    Source: BeachesMLS #RX-11018847 Report a problem
    12/8/2024Price change$2,650,000-8.6%$2,704/sqft
    Source: BeachesMLS #RX-11018847 Report a problem
    10/26/2024Price change$2,900,000-17.1%$2,959/sqft
    Source: BeachesMLS #RX-11018847 Report a problem
    9/9/2024Listed for sale$3,500,000+109%$3,571/sqft
    Source: BeachesMLS #RX-11018847 Report a problem
    7/19/2022Sold$1,675,000-6.9%$1,709/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20034054 Report a problem
    6/7/2022Pending sale$1,800,000$1,837/sqft
    Source: Berkshire Hathaway HomeServices Florida Realty #M20034054 Report a problem
    5/24/2022Listed for sale$1,800,000$1,837/sqft
    Source: BHHS broker feed #M20034054 Report a problem
    5/23/2022Pending sale$1,800,000$1,837/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20034054 Report a problem
    4/28/2022Listed for sale$1,800,000$1,837/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20034054 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,414 +7.7%$555,392 +10%
    2024$8,742 -25.6%$504,900 -25.5%
    2023$11,744 +295.9%$678,080 +256.7%
    2022$2,966 +2.9%$190,074 +3.9%
    2021$2,882 +4.3%$182,890 +2.5%
    2020$2,762 +4.1%$178,423 +3.2%
    2019$2,652 $172,887 -4.4%
    2018$2,652 -4.6%$180,868 -2.3%
    2017$2,780 +9.5%$185,129 +0.8%
    2016$2,540 $183,579 +1.6%
    2015$2,540 $180,682 +2.2%
    2014$2,540 $176,750

    Find assessor info on the county website

    Neighborhood: 34990

    Nearby schools

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    Estimated market value
    $1,305,600
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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
    $1,305,600