Best Buy in Palm Island Plantation, Well Below Appraised Value. Extraordinary attention to detail throughout w/ 4 beds, 4.2 baths (incl. the guest house), & 3-car garage. No detail overlooked from the marble floors w/ 7.5” baseboards to the custom ceilings w/ crown molding. Feat. granite counters & high-end appliances in the kitchen. The expansive primary suite features a custom walk-in closet, bath w/ marble counters, vaulted barrel ceiling & courtyard. Enjoy outdoor living under the loggias or lounge out by the pool. Amenities incl. beach club w/ pool, fitness center, & marina.
Sold for $2,300,000
$2,300,000
540 Palm Island Ln, Indian River Shores, FL 32963
4beds
4,731sqft
Single Family Residence
Built in 2007
0.48 Acres Lot
$2,331,000 Zestimate®
$486/sqft
$26,733 Estimated rent
Home value
$2,331,000
$2.07M - $2.61M
$26,733/mo
Zestimate® history
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List your homeWhat's special
Granite countersMarble floorsVaulted barrel ceilingCustom walk-in closetMarble countersHigh-end appliances
Zillow last checked:
Listing updated:
Listed by:
Cindy J O'Dare 772-713-5899,
One Sotheby's Int'l Realty
Bought with:
Cindy J O'Dare, 0326961
One Sotheby's Int'l Realty
Source: Realtor Association of Indian River County,MLS#: 290415
Originating MLS: Indian River
Originating MLS: Indian RiverFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Bedroom
- Dimensions: 17X18
Bedroom
- Dimensions: 12X15
Bedroom
- Dimensions: 12X15
Bedroom
- Dimensions: 16X13
Breakfast room nook
- Dimensions: 13X15
Den
- Dimensions: 13X15
Dining room
- Dimensions: 13X15
Family room
- Dimensions: 23X21
Foyer
- Dimensions: 10X10
Kitchen
- Dimensions: 20X15
Laundry
- Dimensions: 14X7
Living room
- Dimensions: 17X18
Heating
- Multiple Heating Units
Cooling
- 3+ Units
Appliances
- Included: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Wine Cooler, Washer
- Laundry: Lower Level, Laundry Room, Laundry Tub
Features
- Built-in Features, Bathtub, Closet Cabinetry, Crown Molding, High Ceilings, Jetted Tub, Kitchen Island, Primary Downstairs, Pantry, Vaulted Ceiling(s), Central Vacuum, French Door(s)/Atrium Door(s)
- Flooring: Carpet, Marble
- Doors: French Doors
- Windows: Blinds
- Number of fireplaces: 1
Interior area
- Total interior livable area: 4,731 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached, Driveway, Garage, Three Car Garage, Garage Door Opener, Paver Block, Three or more Spaces
- Attached garage spaces: 3
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio, Porch
- Exterior features: Fence, Sprinkler/Irrigation, Porch, Patio, Rain Gutters, Propane Tank - Owned
- Has private pool: Yes
- Pool features: Fenced, Pool, Private, Community
- Has spa: Yes
- Has view: Yes
- View description: Garden, Pool, Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Beach Access
Lot
- Size: 0.48 Acres
- Dimensions: 122 x 172
- Features: 1/4 to 1/2 Acre Lot
Details
- Parcel number: 31393600031000200012.0
- Zoning: ,
- Zoning description: Residential
- Other equipment: Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Stucco
- Roof: Tile
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: County Sewer
- Water: Public
Community & HOA
Community
- Features: Barbecue, Clubhouse, Fitness, Other, Pool, Water Access, Gutter(s)
- Security: Security System Owned, Closed Circuit Camera(s), Gated with Guard
- Subdivision: Palm Isl Plantation
HOA
- Has HOA: Yes
- Amenities included: Dues Paid Quarterly
- Services included: Common Areas, Maintenance Grounds, Recreation Facilities, Security
- HOA fee: $1,383 monthly
- HOA name: Elliott Merrill
Location
- Region: Indian River Shores
Financial & listing details
- Price per square foot: $486/sqft
- Tax assessed value: $1,115,844
- Annual tax amount: $12,922
- Date on market: 8/15/2025
- Listing terms: Cash,New Loan
- Ownership: Single Family/Other
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Sold | $2,300,000$486/sqft |
Source:  Realtor Association of Indian River County #290415 Report a problem | ||
| 9/10/2025 | Pending sale | $2,300,000$486/sqft |
Source: Realtor Association of Indian River County #290415 Report a problem | ||
| 9/9/2025 | Listing removed | $2,300,000$486/sqft |
Source: Realtor Association of Indian River County #290415 Report a problem | ||
| 8/25/2025 | Contingent | $2,300,000$486/sqft |
Source: Realtor Association of Indian River County #290415 Report a problem | ||
| 8/15/2025 | Listed for sale | $2,300,000-8%$486/sqft |
Source: Realtor Association of Indian River County #290415 Report a problem | ||
| 6/6/2025 | Listing removed | $2,500,000$528/sqft |
Source: Realtor Association of Indian River County #282097 Report a problem | ||
| 5/22/2025 | Price change | $2,500,000-13.8%$528/sqft |
Source: Realtor Association of Indian River County #282097 Report a problem | ||
| 3/18/2025 | Price change | $2,900,000-14.7%$613/sqft |
Source: Realtor Association of Indian River County #282097 Report a problem | ||
| 11/5/2024 | Price change | $3,400,000-12.8%$719/sqft |
Source: Realtor Association of Indian River County #282097 Report a problem | ||
| 10/16/2024 | Listed for sale | $3,899,000$824/sqft |
Source: Realtor Association of Indian River County #282097 Report a problem | ||
| 9/30/2024 | Listing removed | $3,899,000$824/sqft |
Source: Realtor Association of Indian River County #276961 Report a problem | ||
| 5/1/2024 | Price change | $3,899,000-9.3%$824/sqft |
Source: Realtor Association of Indian River County #276961 Report a problem | ||
| 4/3/2024 | Listed for sale | $4,300,000+177.4%$909/sqft |
Source: Realtor Association of Indian River County #276961 Report a problem | ||
| 7/9/2012 | Listing removed | $1,550,000$328/sqft |
Source: Dale Sorensen Real Estate, Inc. #111215 Report a problem | ||
| 6/8/2012 | Listed for sale | $1,550,000+22%$328/sqft |
Source: Dale Sorensen Real Estate, Inc. #111215 Report a problem | ||
| 11/30/2011 | Sold | $1,270,000-7.6%$268/sqft |
Source: Public Record Report a problem | ||
| 8/31/2011 | Listing removed | $1,375,000$291/sqft |
Source: Dale Sorensen Real Estate, Inc. #121591 Report a problem | ||
| 8/19/2011 | Price change | $1,375,000-11.3%$291/sqft |
Source: Dale Sorensen Real Estate, Inc. #121591 Report a problem | ||
| 4/28/2011 | Price change | $1,550,000-15.1%$328/sqft |
Source: Dale Sorensen Real Estate, Inc. #111215 Report a problem | ||
| 3/16/2011 | Listed for sale | $1,825,000+630%$386/sqft |
Source: Dale Sorensen Real Estate, Inc. #111215 Report a problem | ||
| 8/6/2003 | Sold | $250,000$53/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $31,587 +134.7% | $2,605,571 +126.7% |
| 2024 | $13,461 +5% | $1,149,319 +3% |
| 2023 | $12,820 +1.6% | $1,115,844 +3% |
| 2022 | $12,618 -1% | $1,083,343 +3% |
| 2021 | $12,746 -0.3% | $1,051,789 +1.4% |
| 2020 | $12,783 | $1,037,267 +2.3% |
| 2019 | $12,783 -1% | $1,013,946 +1.9% |
| 2018 | $12,916 -0.4% | $995,041 +2.1% |
| 2017 | $12,969 | $974,575 +2.1% |
| 2016 | $12,969 -2% | $954,530 +0.7% |
| 2015 | $13,234 -4% | $947,900 +0.8% |
| 2014 | $13,785 | $940,380 +1.5% |
| 2013 | -- | $926,490 |
| 2012 | $13,911 -13.3% | $926,490 -13.5% |
| 2011 | $16,052 -2.6% | $1,070,710 -3.6% |
| 2010 | $16,481 +16.9% | $1,111,140 +12.5% |
| 2009 | $14,101 -24.6% | $987,310 -28.7% |
| 2008 | $18,694 +392.1% | $1,384,060 +400.6% |
| 2007 | $3,799 | $276,470 -9.4% |
| 2006 | -- | $305,190 +42.1% |
| 2005 | -- | $214,760 |
| 2004 | -- | $214,760 +18.8% |
| 2003 | -- | $180,850 |
Find assessor info on the county website
Neighborhood: 32963
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Nearby schools
GreatSchools rating
- 7/10Beachland Elementary SchoolGrades: PK-5Distance: 5.8 mi
- 7/10Gifford Middle SchoolGrades: 6-8Distance: 4.4 mi
- 5/10Vero Beach High SchoolGrades: 9-12Distance: 7.5 mi
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Estimated market value
$2,331,000
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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
$2,331,000
- Florida
- Indian River County
- Indian River Shores
- 32963
- 540 Palm Island Ln
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