Beautiful courtyard resort style pool home with open concept living & expansive patio with summer kitchen & tiki. The Gourmet Kitchen with a gas range, large copper hood and walk in cooler make this home the ultimate entertaining property. There is a wet bar in the primary suite as well as a luxurious en-suite bathroom.
Notable Equestrian features of this stunning 20-acre property are an 8 stall CBS Barn. The center aisle ‘stallion friendly’ barn boasts automatic waterers, an indoor and outdoor wash rack, air-conditioned tack room, feed room, laundry, and groom’s quarters. Round pen, Grass riding ring, Large (1) and small (4) paddock turnouts with field shelters. Two ponds ensure that the paddocks stay dry and drain well. There is PLENTY OF SPACE FOR A COVERED ARENA.
Palm City Farms is home to an active equestrian community, whether you ride dressage, hunters or team rope you can find your people here.
Sold for $4,300,000
$4,300,000
5205 SW Honey Ter, Palm City, FL 34990
5beds
6,334sqft
Single Family Residence
Built in 1988
20 Acres Lot
$3,907,000 Zestimate®
$679/sqft
$7,042 Estimated rent
Home value
$3,907,000
$3.52M - $4.38M
$7,042/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Carolyn Todd 772-494-6999,
Engel & Volkers Stuart
Bought with:
Carolyn Todd, 3601352
Engel & Volkers Stuart
Source: Martin County REALTORS® of the Treasure Coast (MCRTC),MLS#: M20047397
Originating MLS: Martin County
Originating MLS: Martin CountyFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Some Electric Appliances, Cooktop, Dishwasher, Freezer, Gas Range, Ice Maker, Microwave, Refrigerator, Water Heater, Washer
Features
- Wet Bar, Built-in Features, Breakfast Area, Bathtub, Closet Cabinetry, Cathedral Ceiling(s), Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Eat-in Kitchen, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, Kitchen Island, Living/Dining Room, Split Bedrooms, Skylights, Separate Shower, Bar, Walk-In Closet(s)
- Flooring: Carpet, Tile, Wood
- Windows: Impact Glass
- Has fireplace: Yes
Interior area
- Total structure area: 7,198
- Total interior livable area: 6,334 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached, Circular Driveway, Garage, Garage Door Opener
- Has attached garage: Yes
- Covered spaces: 3
- Has uncovered spaces: Yes
Features
- Stories: 1
- Exterior features: Fence, Outdoor Kitchen
- Has private pool: Yes
- Pool features: In Ground
- Has spa: Yes
- Fencing: Yard Fenced
- Waterfront features: Pond
Lot
- Size: 20 Acres
Details
- Additional structures: Stable(s)
- Parcel number: 223840000045000005
- Special conditions: Listed As-Is
- Horse amenities: Boarding Facilities, Hay Storage, Other, Paddocks, Round Pen, Riding Ring, Riding Trail, See Remarks, Stable(s), Tack Room
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mediterranean
- Property subtype: Single Family Residence
Materials
- Block, Concrete
- Roof: Barrel
Condition
- Resale
- Year built: 1988
Utilities & green energy
- Electric: Generator
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Available, Water Available, Water Connected
Community & HOA
Community
- Features: Non-Gated
- Security: Security System, Fenced
- Subdivision: Palm City Farms
HOA
- Has HOA: No
- Services included: None
Location
- Region: Palm City
Financial & listing details
- Price per square foot: $679/sqft
- Tax assessed value: $2,469,880
- Annual tax amount: $31,170
- Date on market: 10/31/2024
- Cumulative days on market: 540 days
- Listing terms: Cash
- Ownership: Corporation
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Sold | $4,300,000-18.9%$679/sqft |
Source:  Martin County REALTORS® of the Treasure Coast (MCRTC) #M20047397 Report a problem | ||
| 4/24/2026 | Pending sale | $5,300,000$837/sqft |
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20047397 Report a problem | ||
| 3/19/2025 | Price change | $5,300,000-3.6%$837/sqft |
Source:  BeachesMLS #RX-10936376 Report a problem | ||
| 10/25/2024 | Price change | $5,500,000-15.4%$868/sqft |
Source: BeachesMLS #RX-10936376 Report a problem | ||
| 6/13/2024 | Price change | $6,500,000-17.7%$1,026/sqft |
Source: BeachesMLS #RX-10936376 Report a problem | ||
| 5/14/2024 | Price change | $7,900,000-11.2%$1,247/sqft |
Source: BeachesMLS #RX-10936376 Report a problem | ||
| 2/16/2024 | Price change | $8,900,000-11%$1,405/sqft |
Source: BeachesMLS #RX-10936376 Report a problem | ||
| 11/15/2023 | Listed for sale | $10,000,000+640.7%$1,579/sqft |
Source: BeachesMLS #RX-10936376 Report a problem | ||
| 6/19/2003 | Sold | $1,350,000+54.3%$213/sqft |
Source: Public Record Report a problem | ||
| 10/21/1998 | Sold | $875,000$138/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $34,468 +6.6% | $2,000,720 +10% |
| 2024 | $32,331 +3.7% | $1,818,837 +10% |
| 2023 | $31,170 +36% | $1,653,489 +34% |
| 2022 | $22,927 +15.7% | $1,234,239 +10% |
| 2021 | $19,813 +1.9% | $1,122,260 +3.1% |
| 2020 | $19,452 +4.2% | $1,088,477 +10% |
| 2019 | $18,661 | $989,749 -5.3% |
| 2018 | $18,661 +9.7% | $1,045,570 +29.3% |
| 2017 | $17,006 +30.8% | $808,710 -19.3% |
| 2016 | $12,999 | $1,001,940 +9.1% |
| 2015 | $12,999 | $918,720 +18.6% |
| 2014 | $12,999 | $774,330 -31.8% |
| 2009 | -- | $1,135,290 -19.5% |
| 2008 | -- | $1,410,160 -14.9% |
| 2007 | $16,572 -15.4% | $1,657,200 -15.4% |
| 2006 | $19,578 | $1,957,800 +46.5% |
| 2005 | -- | $1,336,640 |
Find assessor info on the county website
Neighborhood: 34990
Nearby homes
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- $--9.6 Acres5104 SW Martin Commons Way, Palm City, FL 34990Off Market
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- $1,675,0003 bd5 ba980 sqft5004 SW Martin Commons Way, Palm City, FL 34990Sold
Nearby schools
GreatSchools rating
- 10/10Citrus Grove Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 8/10Hidden Oaks Middle SchoolGrades: 6-8Distance: 2.2 mi
- 5/10South Fork High SchoolGrades: 9-12Distance: 6.8 mi
Schools provided by the listing agent
- Elementary: Citrus Grove
- Middle: Hidden Oaks
- High: South Fork
Source: Martin County REALTORS® of the Treasure Coast (MCRTC). 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
$3,907,000
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
$3,907,000
- Florida
- Martin County
- Palm City
- 34990
- 5205 SW Honey Ter
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