7492 SW 40th Terrace Palm City, FL 34990
Estimated payment $4,416/month
Total Views
6,019
4
Beds
2
Baths
1,926
Sq Ft
$350
Price per Sq Ft
Highlights
- Home fronts a lagoon or estuary
- Lagoon View
- Arched Windows
- Citrus Grove Elementary School Rated A-
- Formal Dining Room
- Separate Shower in Primary Bathroom
About This Home
Welcome to your private slice of paradise in Palm City Farms! This beautiful single-family home offers the perfect blend of charm and potential, with bright, open living spaces featuring cathedral ceilings and big arched windows that flood the home with natural light. The flowing layout seamlessly connects the living, dining, and kitchen areas--creating a welcoming space ideal for family gatherings and entertaining.
Co-Listing Agent
Hilda Tricoli
KW Reserve Palm Beach License #3211850
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,875
Year Built
- Built in 2006
Lot Details
- 1.03 Acre Lot
- Home fronts a lagoon or estuary
Property Views
- Lagoon
- Garden
Interior Spaces
- 1,926 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Arched Windows
- Sliding Windows
- Formal Dining Room
- Laminate Flooring
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Separate Shower in Primary Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- Over 1 Space Per Unit
- Driveway
- Open Parking
Outdoor Features
- Patio
Schools
- Citrus Grove Elementary School
- Hidden Oaks Middle School
- Martin County High School
Utilities
- Central Heating and Cooling System
- Well
- Electric Water Heater
- Septic Tank
- Cable TV Available
Community Details
- Palma Vista Subdivision
Listing and Financial Details
- Assessor Parcel Number 203840002000003152
- Seller Considering Concessions
Map
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Home Values in the Area
Average Home Value in this Area
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 | $1,853 | $452,130 | $452,130 | $214,450 |
| 2023 | $1,853 | $126,849 | $0 | $0 |
| 2022 | $1,773 | $123,155 | $0 | $0 |
| 2021 | $1,752 | $119,568 | $0 | $0 |
| 2020 | $1,661 | $117,918 | $0 | $0 |
| 2019 | $1,634 | $115,267 | $0 | $0 |
| 2018 | $1,590 | $113,117 | $0 | $0 |
| 2017 | $1,190 | $110,789 | $0 | $0 |
| 2016 | $1,471 | $108,510 | $0 | $0 |
| 2015 | $1,393 | $107,756 | $0 | $0 |
| 2014 | $1,393 | $106,901 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | For Sale | $675,000 | +132.8% | $350 / Sq Ft |
| 05/08/2023 05/08/23 | Sold | $290,000 | 0.0% | $152 / Sq Ft |
| 04/22/2023 04/22/23 | Pending | -- | -- | -- |
| 04/22/2023 04/22/23 | For Sale | $290,000 | -- | $152 / Sq Ft |
Source: BeachesMLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | None Listed On Document | |
| Warranty Deed | $290,000 | None Listed On Document | |
| Special Warranty Deed | $115,000 | Universal Land Title Of The | |
| Quit Claim Deed | -- | Universal Land Title Of The | |
| Special Warranty Deed | $172,000 | Attorney | |
| Warranty Deed | $46,000 | -- | |
| Warranty Deed | $38,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $214,000 | New Conventional | |
| Open | $450,000 | New Conventional | |
| Previous Owner | $400,000 | Balloon | |
| Previous Owner | $140,000 | New Conventional | |
| Previous Owner | $320,000 | New Conventional | |
| Previous Owner | $2,308 | Stand Alone Second | |
| Previous Owner | $113,471 | FHA | |
| Previous Owner | $7,500 | Unknown | |
| Previous Owner | $178,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $50,000 | Unknown | |
| Previous Owner | $77,100 | Small Business Administration | |
| Previous Owner | $39,100 | No Value Available | |
| Previous Owner | $23,000 | New Conventional |
Source: Public Records
Similar Homes in Palm City, FL
Source: BeachesMLS
MLS Number: R11078436
APN: 20-38-40-002-000-00315-2
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