$1,150,000
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500 Palmetto PL Indialantic, FL 32903
4 Beds
4 Baths
2,722 SqFt
Key Details
Sold Price $1,150,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,722 sqft
Price per Sqft $422
Subdivision Indialantic By The Sea
MLS Listing ID 1016128
Sold Date 08/26/24
Style Mid Century Modern
Bedrooms 4
Full Baths 3
Half Baths 1
HOA Y/N No
Total Fin. Sqft 2722
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1961
Annual Tax Amount $7,268
Tax Year 2023
Lot Size 0.430 Acres
Acres 0.43
Property Description
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.
Location
State FL
County Brevard
Area 384-Indialantic/Melbourne Beach
Direction From 5th Ave, South on A1A, Right on Orlando, Left on Magnolia, house will be on the right corner of Palmetto and Magnolia
Interior
Interior Features Breakfast Bar, Eat-in Kitchen, Walk-In Closet(s)
Heating Electric
Cooling Central Air
Flooring Terrazzo
Furnishings Unfurnished
Appliance Dishwasher, Double Oven, Dryer, Gas Range, Ice Maker, Washer
Exterior
Exterior Feature Impact Windows
Garage Attached Carport, Circular Driveway, Garage
Garage Spaces 2.0
Carport Spaces 2
Fence Back Yard
Pool In Ground
Utilities Available Electricity Connected, Sewer Connected, Water Connected, Propane
Waterfront No
Roof Type Shingle
Present Use Residential
Street Surface Asphalt
Road Frontage City Street
Parking Type Attached Carport, Circular Driveway, Garage
Garage Yes
Building
Lot Description Corner Lot
Faces South
Story 1
Sewer Public Sewer
Water Public
Architectural Style Mid Century Modern
Additional Building Workshop
New Construction No
Schools
Elementary Schools Indialantic
High Schools Melbourne
Others
Senior Community No
Tax ID 28-38-06-Es-00069.0-0013.01
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition Standard
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Bought with Tropical Realty & Inv. of Brev