2801 SW Lake Terrace Palm City, FL 34990
5
Beds
3
Baths
3,323
Sq Ft
0.46
Acres
Highlights
- Concrete Pool
- RV Access or Parking
- Canal Access
- Bessey Creek Elementary School Rated A-
- Waterfront
- Vaulted Ceiling
About This Home
As of January 2025Beautiful 5 BR lake home nestled in lush tropical landscaping, in the private and exclusive community of Rustic Hills. Sunsets are a revelation from your lanai with dock and boat slip navigable to the ocean. Main kitchen is renovated with quartz countertops and stainless appliances, upgraded vinyl plank flooring throughout the main living area. Mother-in-law suite equipped with full kitchen and private entry; perfect for an Airbnb. Spacious grounds offer loads of opportunity for endless fun, exploration and relaxation. So secluded yet minutes from fantastic restaurants, shopping, the turnpike, I 95, gorgeous beaches, and the NY Mets Spring Training. Your trip to dockside restaurants in Stuart is 10 minutes, and 20 minutes to the ocean. Roof replaced in 2021. Welcome to your Dream Home!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,131
Year Built
- Built in 1992
Lot Details
- 0.46 Acre Lot
- Waterfront
- Sprinkler System
HOA Fees
- $20 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Garage Door Opener
- RV Access or Parking
Home Design
- Frame Construction
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,323 Sq Ft Home
- 1-Story Property
- Central Vacuum
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Fireplace
- Entrance Foyer
- Great Room
- Formal Dining Room
- Den
- Screened Porch
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
- Laundry Tub
Home Security
- Intercom
- Fire and Smoke Detector
Pool
- Concrete Pool
- Above Ground Spa
- Pool Equipment or Cover
Outdoor Features
- Canal Access
- Shed
Schools
- Martin County High School
Utilities
- Central Heating and Cooling System
- Well
- Water Softener is Owned
- Septic Tank
Community Details
- Rustic Hills Subdivision
Listing and Financial Details
- Assessor Parcel Number 123840001000014102
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/30/2025 01/30/25 | Sold | $687,805 | -8.2% | $207 / Sq Ft |
| 10/21/2024 10/21/24 | Pending | -- | -- | -- |
| 08/05/2024 08/05/24 | Price Changed | $749,000 | -3.9% | $225 / Sq Ft |
| 07/13/2024 07/13/24 | Price Changed | $779,000 | -2.5% | $234 / Sq Ft |
| 06/11/2024 06/11/24 | Price Changed | $799,000 | -5.9% | $240 / Sq Ft |
| 05/20/2024 05/20/24 | Price Changed | $849,000 | -2.9% | $255 / Sq Ft |
| 05/07/2024 05/07/24 | Price Changed | $874,000 | -1.7% | $263 / Sq Ft |
| 04/16/2024 04/16/24 | For Sale | $889,000 | -- | $268 / Sq Ft |
Source: BeachesMLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,344 | $346,008 | -- | -- |
| 2023 | $5,344 | $335,931 | $0 | $0 |
| 2022 | $5,151 | $326,147 | $0 | $0 |
| 2021 | $5,163 | $316,648 | $0 | $0 |
| 2020 | $5,054 | $312,277 | $0 | $0 |
| 2019 | $4,992 | $305,256 | $0 | $0 |
| 2018 | $4,866 | $299,565 | $0 | $0 |
| 2017 | $4,274 | $293,404 | $0 | $0 |
| 2016 | $4,511 | $287,369 | $0 | $0 |
| 2015 | $2,983 | $282,650 | $110,000 | $172,650 |
| 2014 | $2,983 | $203,761 | $0 | $0 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $584,634 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $316,000 | New Conventional | |
| Previous Owner | $358,150 | New Conventional | |
| Previous Owner | $252,000 | Credit Line Revolving | |
| Previous Owner | $115,000 | Credit Line Revolving | |
| Previous Owner | $257,000 | Unknown | |
| Previous Owner | $250,000 | No Value Available |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $687,900 | K Title | |
| Deed | $100 | -- | |
| Warranty Deed | $380,000 | Attorney | |
| Warranty Deed | $369,000 | -- | |
| Warranty Deed | $345,000 | -- | |
| Warranty Deed | $100 | -- |
Source: Public Records
Similar Homes in Palm City, FL
Source: BeachesMLS
MLS Number: R10975315
APN: 12-38-40-001-000-01410-2
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