5 months on rocket

5205 SW Honey Ter, Palm City, FL, 34990

$8,900,000

7 Bedrooms
4 Full Baths, 1 Partial
6,334 SqFt
$1,405/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
Parking2+ Spaces, Garage - Attached
Attached Garage3 spaces
Year Built1988
HeatingCentral
CoolingCeiling Fan(s), Central Air
WaterfrontLake Front
FireplaceFireplace(s)
ViewLake
Private PoolYes
MLS #RX-10936376
StatusActive

About 5205 SW Honey Ter

PRICE IMPROVEMENT.. Elegant Equestrian Estate nestled amongst 30 Acres of meticulously kept Paddocks, Riding arenas, a Rink and an 8 Stall Stallion center isle Barn complete with Grooms quarters with Washer and Dryer, Tack room, Feed room, Bathing Area, Water and Electric. The Mediterranean style Home offers an array of enhanced features which include a grand entry that sets the tone for the impressiveness within. The spacious living and dining area includes a spectacular stone fireplace that sets the tone for a wonderful evening. A gourmet kitchen which caters to your culinary desires includes a walk in Cooler, Large Copper Hood, Gas Range top, Wall Ovens and much more. The main Bedroom offers a wet Bar an expansive sitting area and a luxurious en-suite. As you enter the outdoor sp

Property Details

Property Features

Property Information:

  • Architectural Style: < 4 Floors, Mediterranean
  • Year Built: 1988
  • Stories: 1
  • Living Area: 6,334 SqFt

Listing Office:

  • Office Name: RE/MAX Services
  • Office Phone: (561) 912-3500
  • Listing Agent: Christine V Genzano

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Whole Home Generator, Ice Maker, Microwave, Gas Range, Refrigerator, Washer, Electric Water Heater
  • Flooring Type: Carpet, Tile, Wood Floor
  • Interior: Bar, Built-in Shelves, Ctdrl/Vault Ceilings, Entry Lvl Lvng Area, Fireplace(s), Foyer, French Door, Kitchen Island, Laundry Tub, Pantry, Pull Down Stairs, Roman Tub, Sky Light(s), Split Bedroom, Volume Ceiling, Walk-in Closet, Wet Bar
  • Fireplace: Fireplace(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Lake Front
  • View: Lake
  • Exterior: Auto Sprinkler, Built-in Grill, Custom Lighting, Extra Building, Fence, Lake/Canal Sprinkler, Open Patio, Summer Kitchen, Utility Barn

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: 2+ Spaces, Garage - Attached

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

School Info

Assigned Schools Information:

  • South Fork High School, Public District Grades 9-12
  • Hidden Oaks Middle School, Public District Grades 6-8
  • Citrus Grove Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Martin Hwy to left on Citrus Blvd to right on Sunshine Farms Way to left on SW Sundown Lane to property on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,900,000
  • Price Per SqFt: $1,405/SqFt

Tax Information:

  • Annual Amount: $19,452
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palm City, FL.

Med. Sold Price

$670.3K

Med. Price/SqFt

$290

Avg. Days On Market

57

# of Sold Homes

31

5205 SW Honey Ter vs Palm City

165 DAYS ON ROCKET

+108 Days

$8,900,000

+$8.2M More

$1,405/SqFt

+$1.1K More

KEY TAKEAWAY

This property is $8.2M more than the Median Sold Price and $1.1K/SqFt more than other homes in Palm City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-10936376

Listing Office:

  • Office Name: RE/MAX Services
  • Office Phone: (561) 912-3500
  • Listing Agent: Christine V Genzano

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 11:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 19, 2003Home Sold
$1,350,000
Oct 21, 1998Home Sold
$875,000

Tax History

YEARPROP. TAXASSESSMENT
2020$19,452$1,109,940
2019$17,006$989,749
2017$13,965$808,710

History based on county public records data.

Payment Calculator

$44.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$26.7K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2702487
8
/10
  • Citrus Grove Elementary School

  • 2527 SW Citrus Blvd

  • 1.69 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2702488
7
/10
  • Hidden Oaks Middle School

  • 2801 SW Martin Hwy

  • 2.16 miles

  • Public District Grades 6-8

High School

school-card-donut-2702489
5
/10
  • South Fork High School

  • 10205 SW Pratt Whitney Rd

  • 6.83 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,690. Typical income of Palm City, FL residents is between $35k-100k annually. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5205 SW Honey Ter

What is the listing price of this property?

The listing price of 5205 SW Honey Ter property is $8,900,000.

What type of property is this?

The property 5205 SW Honey Ter is a house located in Palm City, Florida, 34990.

Is this property for sale now?

Active Listing: 5205 SW Honey Ter is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5205 SW Honey Ter are:
Citrus Grove Elementary School: GreatSchools Rating 8/10
Hidden Oaks Middle School: GreatSchools Rating 7/10
South Fork High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $19,452 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 19, 2003 for $1,350,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5205 SW Honey Ter has 7 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 5205 SW Honey Ter is 6,334 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5205 SW Honey Ter is 1988.
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Rocket Homes›Florida›Martin County›Palm City›34990›5205 SW Honey Ter

This home is located at 5205 SW Honey Ter in Palm City, FL and zip code 34990. This 6,334 square foot home was built in 1988. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 15, 2023 and is currently priced at $8,900,000.

In March 2024 more than 2 listings in Palm City, FL were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 24 were sold below. The number of listings in Palm City, FL increased by 5% between February 2024 and March 2024. While the average time on the market in March 2024 was 57 days, the median list price was $670,333.

From Rocket Homes Real Estate and based on county public records data.

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