$5,300,000
$5M PRICE DROP

5205 SW Honey Terrace Palm City, FL 34990

Estimated payment $31,492/month

Total Views 13,348
5 Beds
4.5 Baths
6,334 Sq Ft
$837 Price per Sq Ft

Highlights

  • Lake Front
  • Horses Allowed in Community
  • Vaulted Ceiling
  • Citrus Grove Elementary School Rated A-
  • In Ground Spa
  • Roman Tub

About This Home

**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

Listing Agent

Christine Genzano

RE/MAX Services License #SL0494737

RE/MAX Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,927

Year Built

  • Built in 1988

Lot Details

  • Lake Front
  • Fenced
  • Sprinkler System
  • Property is zoned A-2

Parking

  • 3 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 6,334 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Built-In Features
  • Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • Lake Views
  • Pull Down Stairs to Attic
  • Impact Glass

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Dual Sinks
  • Roman Tub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Pool

  • In Ground Spa
  • Private Pool

Outdoor Features

  • Patio
  • Outdoor Grill

Schools

  • Citrus Grove Elementary School
  • Hidden Oaks Middle School
  • South Fork High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 223840000045000005

Community Details

Overview

  • Palm City Farms Subdivision

Recreation

  • Horses Allowed in Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,927

Year Built

Built in 1988

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Martin Hwy to left on Citrus Blvd to right on Sunshine Farms Way to left on SW Sundown Lane to property on left.
  • Year Built: 1988
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Breakfast Bar, Built-in Features, Breakfast Area, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Eat-in Kitchen, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, High Ceilings, Living/Dining Room, Pantry, Pull Down Attic Stairs, Split Bedrooms, Skylights, Separate Shower, Vaulted Ceiling(s), Bar
  • Private Spa: Yes
  • Furnished: Unfurnished
  • Spa Features: In Ground
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile, Wood
  • Living Area: 6334.0
  • Dining Room Type: Attic, Den, Laundry
  • Stories: 1
  • Window Features: Impact Glass, Skylight(s)

Exterior Features

  • Exterior Features: Fence, Outdoor Grill, Patio
  • View: Lake
  • Lot Features: Sprinklers Automatic
  • Pool Features: Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Builder Name: Other
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Flat, Tile

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces

Utilities

  • Laundry Features: Laundry Tub
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Pets Allowed: Yes

Schools

  • Elementary School: Citrus Grove (Miami-Dade)
  • High School: South Fork
  • Middle Or Junior School: Hidden Oaks

Lot Info

  • Parcel #: 223840000045000005
  • Horse Amenities: Horses Allowed
  • Lot Size: 20 Acres
  • Zoning Description: A-2

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 22927.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $31,170 $1,818,837 -- --
2023 $31,170 $1,653,489 $0 $0
2022 $22,927 $1,234,239 $0 $0
2021 $19,813 $1,122,260 $341,970 $780,290
2020 $19,452 $1,109,940 $0 $0
2019 $18,661 $1,118,330 $0 $0
2018 $17,006 $1,045,570 $0 $0
2017 $13,656 $808,710 $0 $0
2016 $16,676 $1,001,940 $0 $0
2015 $12,999 $918,720 $0 $0
2014 $12,999 $774,330 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 Price Changed $5,300,000 -3.6% $837 / Sq Ft
10/25/2024 10/25/24 Price Changed $5,500,000 -15.4% $868 / Sq Ft
06/13/2024 06/13/24 Price Changed $6,500,000 -17.7% $1,026 / Sq Ft
05/14/2024 05/14/24 Price Changed $7,900,000 -11.2% $1,247 / Sq Ft
02/16/2024 02/16/24 Price Changed $8,900,000 -11.0% $1,405 / Sq Ft
11/15/2023 11/15/23 For Sale $10,000,000 -- $1,579 / Sq Ft
Source: BeachesMLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,350,000 --
Warranty Deed $875,000 --
Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 No Value Available
Source: Public Records

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Source: BeachesMLS

MLS Number: R10936376

BeachesMLS

APN: 22-38-40-000-045-00000-5

Florida Martin County Palm City 34990

5205 SW Honey Terrace, Palm City, FL

Homes for Sale in Palm City, FL

This home is located at 5205 SW Honey Terrace, Palm City, FL 34990 and is currently priced at $5,300,000, approximately $836 per square foot. This property was built in 1988. 5205 SW Honey Terrace is a home located in Martin County with nearby schools including Citrus Grove Elementary School, Hidden Oaks Middle School, and South Fork High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Christine Genzano
Listing Agent
Christine Genzano
Section Image
RE/MAX Services
(772) 666-7004