Calling all horse lovers or anyone looking to be surrounded by spacious 5-acre grounds. This fully fenced equestrian paradise is
equipped with a 5-stall barn and an additional
separate 3-stall barn, a spacious tool/feed shed
with half bath, and a full-sized dressage arena.
The custom 3/2/2 pool home features an open
country style kitchen, large great room, a
library/den which can be used as a formal dining
room, large covered front porch, 2 screened in
patios and an open air wooden deck. Located minutes from I-95 and Florida's Turnpike.
Sold for $860,000
$860,000
5506 SW Ludlum St, Palm City, FL 34990
3beds
2,180sqft
Single Family Residence
Built in 1992
5 Acres Lot
$1,030,900 Zestimate®
$394/sqft
$4,624 Estimated rent
Home value
$1,030,900
$948,000 - $1.12M
$4,624/mo
Zestimate® history
Owner options
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$5,800/mo
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List your homeWhat's special
Half bathFormal dining roomLarge covered front porchLarge great roomOpen air wooden deck
Zillow last checked:
Listing updated:
Listed by:
Heather Arbucci 772-260-9509,
Water Pointe Realty Group,
Marissa Corbo 772-528-6914,
Water Pointe Realty Group
Bought with:
Johnnie Nelson
Premier Brokers International
Source: Martin County REALTORS® of the Treasure Coast (MCRTC),MLS#: M20039436
Originating MLS: Martin County
Originating MLS: Martin CountyFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 2
- Dimensions: 14 x 12
Bedroom 3
- Dimensions: 13 x 12
Den
- Dimensions: 14 x 11
Great room
- Dimensions: 26 x 19
Kitchen
- Dimensions: 16 x 13
Patio
- Dimensions: 17 x 16
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Some Electric Appliances, Dryer, Dishwasher, Electric Range, Range, Refrigerator, Water Softener, Water Heater, Water Purifier, Washer
Features
- Built-in Features, Cathedral Ceiling(s), Separate/Formal Dining Room, Entrance Foyer, Kitchen/Dining Combo, Living/Dining Room, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
- Flooring: Carpet, Tile
- Windows: Metal, Single Hung
Interior area
- Total structure area: 2,778
- Total interior livable area: 2,180 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Carport, Attached, Driveway, Garage, Rear/Side/Off Street, Garage Door Opener
- Has attached garage: Yes
- Has carport: Yes
- Covered spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Balcony, Covered, Open, Patio, Porch, Screened
- Exterior features: Balcony, Fence, Porch, Patio, Room For Pool, Shed
- Has private pool: Yes
- Pool features: Gunite, In Ground, Screen Enclosure
- Fencing: Yard Fenced
- Has view: Yes
- View description: Other
- Waterfront features: Pond
Lot
- Size: 5 Acres
- Dimensions: 329 x 651
- Features: Trees
Details
- Additional structures: Outbuilding, Stable(s), Shed(s), Utility Building(s)
- Parcel number: 033940000053000105
- Zoning description: A-2
- Special conditions: Listed As-Is
- Horse amenities: Other, Stable(s), Tack Room, Barn
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Frame, Vinyl Siding
- Roof: Metal
Condition
- Resale
- Year built: 1992
Utilities & green energy
- Electric: 110 Volts, 220 Volts
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Electricity Available, Electricity Connected, Overhead Utilities, Phone Available, Water Available, Water Connected
Community & HOA
Community
- Security: None, Smoke Detector(s)
- Subdivision: Palm City Farms
HOA
- Has HOA: No
- Services included: None
Location
- Region: Palm City
Financial & listing details
- Price per square foot: $394/sqft
- Tax assessed value: $929,110
- Annual tax amount: $11,069
- Date on market: 4/30/2023
- Cumulative days on market: 129 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Dirt
Price history
| Date | Event | Price |
|---|---|---|
| 10/12/2023 | Sold | $860,000-13.6%$394/sqft |
Source:  Martin County REALTORS® of the Treasure Coast (MCRTC) #M20039436 Report a problem | ||
| 9/6/2023 | Pending sale | $995,000$456/sqft |
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20039436 Report a problem | ||
| 8/21/2023 | Contingent | $995,000$456/sqft |
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20039436 Report a problem | ||
| 7/10/2023 | Price change | $995,000-16.7%$456/sqft |
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20039436 Report a problem | ||
| 5/24/2023 | Listed for sale | $1,195,000+143.9%$548/sqft |
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20039436 Report a problem | ||
| 4/3/2014 | Sold | $490,000-6.7%$225/sqft |
Source:  BeachesMLS #R9998939 Report a problem | ||
| 12/5/2013 | Listed for sale | $525,000+98.1%$241/sqft |
Source: Berkshire Hathaway HomeServices Florida Realty #373103 Report a problem | ||
| 1/28/1999 | Sold | $265,000$122/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,004 -1% | $836,871 +2.9% |
| 2024 | $13,132 +4% | $813,286 +24.1% |
| 2023 | $12,629 +14.1% | $655,197 +10% |
| 2022 | $11,069 +9.3% | $595,634 +10% |
| 2021 | $10,124 +13.7% | $541,486 +10% |
| 2020 | $8,907 +4.8% | $492,260 +6.3% |
| 2019 | $8,496 | $462,930 +0.2% |
| 2018 | $8,496 +0.8% | $462,170 -3.4% |
| 2017 | $8,430 | $478,490 +12.1% |
| 2016 | -- | $426,950 +7.4% |
| 2015 | -- | $397,560 +94.3% |
| 2014 | -- | $204,626 +6.8% |
| 2005 | -- | $191,638 -2.3% |
| 2004 | $3,137 | $196,087 |
| 2003 | $3,137 +2.1% | $196,087 +2.4% |
| 2002 | $3,072 +1.5% | $191,493 +1.6% |
| 2001 | $3,026 +2.9% | $188,477 +3% |
| 2000 | $2,942 +2.5% | $182,987 +1.8% |
| 1999 | $2,871 | $179,820 |
Find assessor info on the county website
Neighborhood: 34990
Nearby homes
- $754,0003 bd2 ba2.9k sqft5505 SW Ludlum St, Palm City, FL 34990Off Market
- $983,9004 bd3 ba2.9k sqft5616 SW Ludlum St, Palm City, FL 34990Off Market
- $1,212,1001 bd3 ba-- sqft5656 SW Ludlum Rd, Palm City, FL 34990Off Market
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- $945,1004 bd2 ba4.1k sqft5355 SW Ludlum St, Palm City, FL 34990Off Market
Nearby schools
GreatSchools rating
- 8/10Crystal Lake Elementary SchoolGrades: PK-5Distance: 3.1 mi
- 5/10Dr. David L. Anderson Middle SchoolGrades: 6-8Distance: 5.5 mi
- 5/10South Fork High SchoolGrades: 9-12Distance: 5.1 mi
Schools provided by the listing agent
- Elementary: Crystal Lake
- Middle: David L. Anderson
- 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
$1,030,900
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Estimated market value
$1,030,900
- Florida
- Martin County
- Palm City
- 34990
- 5506 SW Ludlum St
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