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For saleErrorPrice cut: $75K (4/15)
$2,875,000
4beds
3,918sqft

405 S Palm Island Cir, Indian River Shores, FL 32963

4beds
3,918sqft
Single family residence
Built in 2016
0.26 Acres
2 Garage spaces
$734 price/sqft
$1,433/mo HOA

What's special

Private beach accessOffice wingSingle-story livingPrivate upper-level guest retreatElegant millworkPrivate primary suite

Enjoy dual waterfront amenities including private beach access, oceanfront clubhouse, river access with kayak launch, pools, fitness center, trails, and guard-gated security and refined coastal living in this newer custom residence in Palm Island Plantation.  Offering convenient single-story living with private upper-level guest retreat. Main level features a private primary suite ...

94 days
|
167
|
5
|
Source: Realtor Association of Indian River County,MLS#: 295846MLS LogoOriginating MLS: Indian River
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Luke Webb 772-222-4648,

Luke D Webb Real Estate Inc

Source: Realtor Association of Indian River County,MLS#: 295846MLS LogoOriginating MLS: Indian River

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1
Bedroom
  • Dimensions: 13x19
Bedroom
  • Dimensions: 16x13
Bedroom
  • Dimensions: 16x12
Bedroom
  • Dimensions: 13x12
Den
  • Dimensions: 18x11
Den
  • Dimensions: 17x15
Dining room
  • Dimensions: 12x14
Kitchen
  • Dimensions: 12x21
Laundry
  • Dimensions: 12x6
Living room
  • Dimensions: 22x18
Patio
  • Dimensions: 22x11
Heating
  • Central, Multiple Heating Units
Cooling
  • Central Air, 3+ Units
Appliances
  • Included: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Wine Cooler, Washer
  • Laundry: Laundry Room
Features
  • Built-in Features, Crown Molding, Kitchen Island, Primary Downstairs, Central Vacuum, French Door(s)/Atrium Door(s)
  • Flooring: Carpet, Tile, Wood
  • Doors: French Doors
  • Windows: Blinds
  • Number of fireplaces: 1
Interior area
  • Total interior livable area: 3,918 sqft
Video & virtual tour

Property

Parking
  • Total spaces: 2
  • Parking features: Garage
  • Garage spaces: 2
Features
  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered, Patio, Porch
  • Exterior features: Sprinkler/Irrigation, Porch, Patio, Rain Gutters
  • Has private pool: Yes
  • Pool features: Gas Heat, Heated, Pool, Private, Community
  • Has spa: Yes
  • Spa features: Community, Hot Tub
  • Has view: Yes
  • View description: Garden, Lake, Preserve
  • Has water view: Yes
  • Water view: Lake
  • Waterfront features: Intracoastal Access, Lake, None, Pond, Beach Access
Lot
  • Size: 0.26 Acres
  • Dimensions: 86 x 150
  • Features: Cul-De-Sac, 1/4 to 1/2 Acre Lot
Details
  • Parcel number: 31393600031000100033.0
  • Zoning: ,
  • Zoning description: Residential

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Two Story
  • Property subtype: Single Family Residence
Materials
  • Block, Concrete, Stucco
  • Roof: Tile
Condition
  • New construction: No
  • Year built: 2016

Utilities & green energy

  • Sewer: Public Sewer
  • Water: Public

Community & HOA

Community
  • Features: Club Membership Available, Clubhouse, Fitness, Other, Pool, Trails/Paths, Water Access, Gutter(s)
  • Security: Gated with Guard
  • Subdivision: Palm Isl Plantation
HOA
  • Has HOA: Yes
  • Amenities included: Dues Paid Quarterly
  • Services included: Common Areas, Maintenance Grounds, Pest Control, Pool(s), Recreation Facilities, Security, Trash
  • HOA fee: $1,433 monthly
  • HOA name: Elliott Merrill
Location
  • Region: Indian River Shores

Financial & listing details

  • Price per square foot: $734/sqft
  • Tax assessed value: $2,078,241
  • Annual tax amount: $12,610
  • Date on market: 3/16/2026
  • Listing terms: Cash,New Loan
  • Ownership: Single Family/Other

Price history

DateEventPrice
4/15/2026Price change$2,875,000-2.5%$734/sqft
Source: Realtor Association of Indian River County #295846 Report a problem
3/18/2026Listed for sale$2,950,000+105.6%$753/sqft
Source: Realtor Association of Indian River County #295846 Report a problem
4/1/2016Sold$1,434,600$366/sqft
Source: Public Record Report a problem

Public tax history

YearProperty taxesTax assessment
2025$12,789 +3.8%$1,075,075 +2.9%
2024$12,319 +5.5%$1,044,776 +3%
2023$11,676 +2%$1,014,345 +3%
2022$11,448 -1%$984,801 +3%
2021$11,562 -0.3%$956,117 +1.4%
2020$11,593 $942,916 +2.3%
2019$11,593 -1%$921,717 +1.9%
2018$11,713 -0.3%$904,531 +2.1%
2017$11,752 $885,926 +493.5%
2016$11,752 +518.5%$149,260 +42.9%
2015$1,900 +21%$104,480 +6.2%
2014$1,570 $98,340 +5.3%
2013-- $93,420 -12.5%
2012$1,595 +0.1%$106,770
2011$1,594 -20%$106,770 -20%
2010$1,992 -16%$133,460 -20%
2009$2,372 -28.6%$166,820 -32.4%
2008$3,323 +32.5%$246,900 +35.3%
2007$2,508 $182,540 -9.4%
2006-- $201,510 +68.8%
2005-- $119,410
2004-- $119,410
2003-- $119,410

Find assessor info on the county website

Monthly payment

Est. payment
$19,276/mo
Principal & interest
$14441
Property taxes
$3402
HOA Fees
$1433
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    Estimated market value

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    Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

    Neighborhood: 32963

    Nearby schools

    Beachland Elementary School
    Grades PK-5 • 5.7 miles
    7/10
    GreatSchools® Rating
    Test Score Rating
    9/10
    Student Progress Rating
    5/10
    Gifford Middle School
    Grades 6-8 • 4.4 miles
    7/10
    GreatSchools® Rating
    Test Score Rating
    6/10
    Student Progress Rating
    8/10
    Vero Beach High School
    Grades 9-12 • 7.4 miles
    5/10
    GreatSchools® Rating
    Test Score Rating
    5/10
    College Readiness Rating
    7/10
    Student Progress Rating
    3/10

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