#287757, Michael T Merrill, Listing Office: Douglas Elliman Florida LLC
$2,800,000 List price
261 Palm Island Ln Vero Beach, FL 32963
3 beds
4 full, 1 partial
3,908 sqft
$716 / sqft
House
Property details
About 261 Palm Island Ln
3 BR + Den, 4-1/2 Bath pool home. Southern Exposure. Adjacent to nature preserve. Beautiful details, crown molding, wood floors, fireplace, lovely pool area and new built-in gas grill. Den could be used as 4th BR. Upstairs loft/den and fenced backyard. AC 2018, HWH 2023 and new fridge. Private poolside cabana steps away from the beach at Oceanside Clubhouse w/1/2 bath and kitchenette. Rm sizes approx/subj to err.
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusAccepting Backup Offers
(ActiveUnderContract)
(ActiveUnderContract)
CoolingCentral Air, Electric
Size3,908 sqft
Year built2007
ParkingGarage
MLS #284073
Garage2 spaces
WaterfrontBeach
ViewGarden
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 4
- Appliances: Cooktop, Dryer, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Wine Cooler, Water Heater
- Flooring Type: Carpet, Other, Terrazzo, Wood
- Interior: Crown Molding, High Ceilings, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s), Central Vacuum, Master Downstairs
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Parking: Garage
- Waterfront: Beach
- View: Garden
- Exterior: Built-in Barbecue, Balcony, Barbecue
- Architectural Style: Two Story
- Heating: Central, Electric
- Cooling: Central Air, Electric
- List Price: $2,800,000
- Price/SqFt: $716
- HOA Amount: $1368
- Annual Tax Amount: $18,122
- Tax Year: 2023
- Lot: Few Trees
- Directions: From Hwy 510 go south on A1A to PIP. Beachland Blvd go North on A1A past Old Winter Beach Rd. PIP is on the West side. Gated
- Year Built: 2007
- Stories: 2
- Living Area: 3,908 SqFt
- MLS Number: 284073
- MLS Name: IndianRiver
- Office Name: Dale Sorensen Real Estate Inc.
- Office Phone: (772) 321-9567
- Listing Agent: Lia Peters
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Realtor Association of Indian River County. The information being provided is for consumers 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 deemed reliable but not guaranteed. Copyright© 2025 Realtor Association of Indian River County. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/31/2025, 10:15:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,800,000
261 Palm Island Ln
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 07, 2018 | Home Sold | $1,175,000 |
| Nov 24, 2010 | Home Sold | $1,090,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,753,643 | $18,122 |
History based on county public records data.
Nearby schools
4
North County Charter School
Public Charter KG-5
2.5 mi
•6640 Old Dixie Hwy
7
Liberty Magnet School
Public Magnet KG-5
4.9 mi
•6850 81st St
6
Pelican Island Elementary School
Public District PK-5
5.0 mi
•1355 Schumann Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $131,743. Typical income of Vero Beach, FL residents is between $100k-200k annually. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
12%
<35k
26%
35k-100k
38%
100k-200k
24%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
28%
Single, No Kids
1%
Single, with Kids
67%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
3%
<11 yrs old
2%
12-17 yrs old
2%
18-34 yrs old
35%
35-64 yrs old
58%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Skiing/snowboarding
Figure Skating
Where do the neighbors shop?
Stein Mart
BJs Wholesale Club
Kmart
Where do the neighbors go to eat?
Bob Evans
Cracker Barrel
Panera
What do the neighbors drive?
Lincoln
Lexus
Infiniti
What do the neighbors listen to?
News/Talk/Information
Oldies
Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 261 Palm Island Ln
The listing price of 261 Palm Island Ln property is $2,800,000.
The property 261 Palm Island Ln is a house located in Vero Beach, Florida, 32963.
Accepting Backup Offers: 261 Palm Island Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 261 Palm Island Ln are: North County Charter School (GreatSchools Rating 4/10), Liberty Magnet School (GreatSchools Rating 7/10), Pelican Island Elementary School (GreatSchools Rating 6/10), Gifford Middle School (GreatSchools Rating 4/10), Storm Grove Middle School (GreatSchools Rating 5/10), Sebastian Charter Junior High School (GreatSchools Rating 9/10), Indian River Virtual Instruction Program (GreatSchools Rating 4/10), Alternative Center for Education (GreatSchools Rating 2/10), Vero Beach High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2023 is $18,122 (source: MLS/based on county public records data).
The last sale was on June 7, 2018 for $1,175,000 (source: MLS/tax record).
The property at 261 Palm Island Ln has 3 bedrooms and 4 full and 1 half bathrooms.
The property 261 Palm Island Ln is 3,908 SqFt (source: MLS/tax record).
The year of construction for 261 Palm Island Ln is 2007.
This home is located at 261 Palm Island Ln in Vero Beach, FL and zip code 32963 in the Palm Island Plantation neighborhood. This 3,908 square foot home was built in 2007. Features: 3 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since January 4, 2025 and is currently priced at $2,800,000.
In April 2025 more than 21 listings in Vero Beach, FL were sold above the asking price. During the same period more than 50 listings were sold at asking price, while more than 251 were sold below. The number of homes for sale in Vero Beach, FL increased by 5% between March and April 2025. In April 2025 median list price was $408,524 and the average listing age was 93 days.
From Rocket Homes Real Estate and based on county public records data.