Home » Palm City » 5205 SW Honey Terrace, Palm City, FL 34990 | R10936376/RX-10936376

For Sale 5205 SW Honey Terrace, Palm City, FL 34990

$5,500,000
Price has decreased by $4,500,000

Property Highlights

Listing ID R10936376/RX-10936376 Status of this Listing: Active For Sale Property Type Residential Single Family House 5 Bedrooms 5 Bathrooms Total 4 Full Bath 1 Half Bath Living Space 6,334 Sqft/588.45 m2 approx. Building Area 7,906 Sqft/734.49 m2 approx. The property features a private pool Year Built 1988 Waterfront Has a view of a lake Time of this property on Rebonus 387 Day(s)

5205 SW Honey Terrace, Palm City, FL 34990

Property Description: DRASTIC PRICE ADJUSTMENT... Elegant Equestrian Estate nestled amongst 20 Acres of meticulously kept Paddocks, Riding arenas, Riding ring, 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 th

Useful Info

Original List Price:$10,000,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Land Lot (Parcel) Details

Lot Features:
  • Sprinklers Automatic

Construction

Builder Name:Other
Year Built Details:
  • Resale
Architectural
Style:
  • Mediterranean
Property Condition:
  • Resale
Construction Materials:
  • Block
Flooring:
  • Carpet
  • Tile
  • Wood
Number of stories:1

Property Features

Has View:Yes
View from the Property:
  • Lake
Waterfront:Yes
Waterfront Features:
  • Lake Front
Private Pool:Yes
Swimming Pool Features:
  • Pool
Spa:Yes
Spa Features:
  • In Ground
Furnished:
  • Unfurnished
Appliances:
  • Dryer
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Washer
  • Cooktop
  • Gas Range
  • Electric Water Heater
  • Ice Maker
Interior Features:
  • Breakfast Bar
  • Eat-in Kitchen
  • Living/dining Room
  • Breakfast Area
  • Dining Area
  • Separate/formal Dining Room
  • Garden Tub/roman Tub
  • High Ceilings
  • Pantry
  • Split Bedrooms
  • French Door(s)/atrium Door(s)
  • Vaulted Ceiling(s)
  • Entrance Foyer
  • Built-in Features
  • Fireplace
  • Bar
  • Pull Down Attic Stairs
  • Wet Bar
  • Skylights
  • Separate Shower
  • Dual Sinks
Exterior Features:
  • Fence
  • Patio
  • Outdoor Grill
Patio and Porch Features:
  • Patio
Roof:
  • Flat
  • Tile
Window Features:
  • Impact Glass
  • Skylight(s)
Laundry Features:
  • Laundry Tub
Door Features:
  • French Doors
Fireplace:Yes
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Ceiling Fan(s)
Heating:Yes
Heating System:
  • Central
Horse Amenities:
  • Horses Allowed

Taxes and Expenses

Tax Annual Amount:$22,927

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023

Terms

Listing Terms Considered by Seller:
  • Cash
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Pets Allowed?:Yes
Subdivision Name:Palm City Farms
Community Features:
  • Non-gated
Complex Name:Palm City Farms
Senior Community:No
Restrictions: Association Approval Required

Parking

Garage:Yes
Garage Spaces:3
Covered Spaces:3
Attached Garage:Yes
Parking Features:
  • Garage
  • Two Or More Spaces
  • Attached

Public Schools Assigned

Note: provided by seller, please contact the school district to confirm the school assignment for this property address.

Elementary School:Hiawassee Elem

Utilities

Sewer:
  • Septic Tank
Utilities Available:
  • Electricity Available
Water Source:
  • Well

More Details

Other Information:
Housing Older Persons ActNo HOPA
Data exchange original Listing NumberRX-10936376
Type of Governing BodiesNo Governing Body
Ref1047769323

Zoning and Legal

Tax Legal Description:22-38-40 PALM CITY FARMS TRACTS 45 & 46
Real Estate Folio Number (Parcel Number):223840000045000005
Zoning Description:A-2

Listing History

Update/EventDate/Days
Published Date:November 15, 2023 2:35 pm
On Market Date:November 15, 2023
Listing Contract Date:November 15, 2023
Price Change Date Time:October 25, 2024 12:00 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:October 25, 2024 7:56 am
Status Last Changed:November 15, 2023 12:00 am
Photos Last Modified:December 23, 2023 7:33 pm
Last Modified:November 1, 2024 2:32 am
Days on the Market Reference Date:November 1, 2024
Days on the Market (updated on Last Modified*):351
Cumulative Days on the Market (updated on Last Modified**):351

Additional Information

Lot Size Range:, 10+ Acres
Number of Photos:76
Location:,
Included:,,
Area:10 - Palm City West/Indiantown
Automated Valuation Display:Yes
Courtesy of:RE/MAX Services
Universal Property Id:US-12085-N-223840000045000005-R-N

Location

Show Property Address:Yes
Street Name:Honey Terrace
Street Number:5205
Street Direction Prefix:SW
Street Address:5205 SW Honey Terrace
City : Palm City
State : Florida
Zip Code : 34990
County : Martin
Full Address:5205 SW Honey Terrace, Palm City, FL 34990
Latitude:N27° 9' 5.8''
Longitude:W81° 40' 30.1''

Neighborhood

Postal City:Palm City

Property Map

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