Home » Palm City » 2901 SW Lake Terrace, Palm City, FL 34990 | R10994601/RX-10994601

2901 SW Lake Terrace, Palm City, FL 34990 | For Sale

$3,900,000

Property Highlights

Listing ID R10994601/RX-10994601 Status of this Listing: Active For Sale Property Type Residential Single Family House 7 Bedrooms 8 Bathrooms Total 7 Full Bath 1 Half Bath Living Space 5,476 Sqft/508.74 m2 approx. Building Area 7,882 Sqft/732.26 m2 approx. Lot area 476,259 Sqft/44245.91 m2 approx. The property features a private pool Year Built 2001 Waterfront Time of this property on Rebonus 84 Day(s)
73 Photos of this Property

2901 SW Lake Terrace, Palm City, FL 34990

Property Description: 10.34 acre waterfront property offering ultimate privacy and opportunity to expand. A Legacy Estate featuring two CBS poured concrete structures consisting of a 5 BD / 4.5 BA Main house (Two Primary Suites - main level and upstairs) and a 2 BD / 2.5 BA Guest House over a 4 Car Garage. No fixed bridges and dockage for up to an approximately 50 ft +/- boat. Impact windows and doors, metal roof, solid core interior doors, 10 ft & 22ft volume ceilings, and quality finishes throughout.

Useful Info

Original List Price:$3,900,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Property Condition:
  • Resale
Construction Materials:
  • Block
  • Other
Flooring:
  • Carpet
  • Wood
  • Other
Number of stories:2

Property Features

Has View:Yes
View from the Property:
  • Canal
Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Navigable Water
  • No Fixed Bridges
Private Pool:Yes
Swimming Pool Features:
  • Gunite
  • Other
  • Pool
  • Free Form
Security:
  • Security Gate
Furnished:
  • Negotiable
Appliances:
  • Dryer
  • Dishwasher
  • Disposal
  • Refrigerator
  • Washer
  • Gas Range
Interior Features:
  • Dining Area
  • Separate/formal Dining Room
  • High Ceilings
  • Pantry
  • Split Bedrooms
  • Walk-in Closet(s)
  • Kitchen/dining Combo
  • Loft
  • Entrance Foyer
  • Built-in Features
  • Fireplace
  • Bar
  • Wet Bar
  • Separate Shower
  • Dual Sinks
Exterior Features:
  • Deck
  • Balcony
  • Patio
  • Enclosed Porch
Patio and Porch Features:
  • Patio
  • Deck
  • Balcony
  • Open
  • Porch
  • Screened
Roof:
  • Metal
Window Features:
  • Impact Glass
Fireplace:Yes
Fireplace Features:
  • Decorative
Guest House Area Total:1,608 Sqft/149.39 m2
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Ceiling Fan(s)
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric

Taxes and Expenses

Tax Annual Amount:$11,183

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

Documents Available:
  • Survey
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Closing & Funding
  • Close Of Escrow
Lease Considered:No

Community

Pets Allowed?:Yes
Amenities Provided by the Homeowner's Association (HOA):
  • Other
Subdivision Name:M & W LAND MINOR PLAT 1
Community Features:
  • Non-gated
Complex Name:M & W LAND MINOR PLAT 1
Senior Community:No
Restrictions: Other Restrictions

Parking

Garage:Yes
Garage Spaces:4
Covered Spaces:4
Attached Garage:Yes
Parking Features:
  • Driveway
  • Garage
  • Two Or More Spaces
  • Garage Door Opener
  • Attached
  • Circular Driveway
  • Open
  • Rv Access/parking

Utilities

Sewer:
  • Septic Tank
Utilities Available:
  • Cable Available
  • Electricity Available
  • Natural Gas Available
Water Source:
  • Well

More Details

Other Information:
Housing Older Persons Act: No HOPA
Data exchange original Listing Number: RX-10994601
Type of Governing Bodies: No Governing Body

Zoning and Legal

Tax Legal Description:M W LAND MINOR PLAT 1 LOT 2
Real Estate Folio Number (Parcel Number):013840006000000204
Zoning Description:R-1A

Listing History

Update/EventDate/Days
Published Date:June 8, 2024 1:05 pm
On Market Date:June 8, 2024
Listing Contract Date:June 8, 2024
Activation Date:June 10, 2024
Last Important Update Description:New Listing
Date and Time of Last Important Update:June 10, 2024 7:30 am
Status Last Changed:June 10, 2024 12:00 am
Photos Last Modified:June 10, 2024 2:31 pm
Last Modified:August 31, 2024 6:46 am
Days on the Market Reference Date:August 31, 2024
Days on the Market (updated on Last Modified*):82
Cumulative Days on the Market (updated on Last Modified**):82

Additional Information

Guest House Description:2 Baths,2 Bedrooms,Garage,Kitchen,Patio
Lot Size Range:, 10+ Acres
Number of Photos Count:73
Area:9 - Palm City
Ref ID:1076277822
Automated Valuation Display:Yes
Courtesy of:Douglas Elliman (Jupiter)
Universal Property Id:US-12085-N-013840006000000204-R-N

Location

Show Property Address:Yes
Street Name:Lake Terrace
Street Number:2901
Street Direction Prefix:SW
Street Address:2901 SW Lake Terrace
City : Palm City
State : Florida
Zip Code : 34990
County : Martin County
Full Address:2901 SW Lake Terrace, Palm City, FL 34990
Latitude:N27° 11' 30.2''
Longitude:W81° 42' 20.4''

Neighborhood

Postal City:Palm City

Property Map

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