7492 SW 40th Ter Palm City, FL 34990
Property details
About 7492 SW 40th Ter
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.
Highlights
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
- Flooring Type: Laminate
- Interior: Entry Lvl Lvng Area, Walk-in Closet
- Total Bedroom Count: 3
- Private Pool: No
- Parking: 2+ Spaces, Driveway, Open
- Waterfront: Lagoon, Pond
- View: Garden, Lagoon, Pond
- Exterior: Open Patio, Shutters
- Architectural Style: Traditional
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric
- List Price: $650,000
- Price/SqFt: $337
- HOA Amount: $0 Monthly
- Annual Tax Amount: $1,853
- Tax Year: 2023
- Directions: Martin Hwy west. Turn south on 72nd Dr. Turn right on 40th Terrace, home on left.
- Year Built: 2006
- Stories: 1
- Living Area: 1,926 SqFt
- MLS Number: RX-11078436
- Office Name: KW Reserve Palm Beach
- Office Phone: (561) 220-6866
- Listing Agent: Jeffrey L Tricoli
- Agent Phone: (561) 220-6866
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Last updated on: 7/29/2025, 12:55:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 27, 2023 | Home Sold | $600,000 |
| May 16, 2023 | Home Sold | $290,000 |
| Nov 09, 2010 | Home Sold | $115,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $126,849 | $1,853 |
| 2022 | $123,155 | $1,772 |
| 2021 | $119,568 | $1,772 |
| 2020 | $117,918 | $1,751 |
| 2019 | $115,267 | $1,589 |
| 2017 | $110,789 | $1,499 |
History based on county public records data.
Nearby schools
9
Citrus Grove Elementary School
Public District PK-5
2.7 mi
•2527 SW Citrus Blvd
8
Palm City Elementary School
Public District PK-5
4.6 mi
•1951 SW 34th St
8
Bessey Creek Elementary School
Public District PK-5
5.1 mi
•2201 SW Matheson Ave
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 $72,690. Most Palm City, FL residents have annual incomes between $35k-100k. Typical family type is married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
PGA/LPGA
Pro Wrestling
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Wal-Mart
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
Frequently asked questions
About 7492 SW 40th Ter
The listing price of 7492 SW 40th Ter property is $650,000.
The property 7492 SW 40th Ter is a house located in Palm City, Florida, 34990.
Active Listing: 7492 SW 40th Ter is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7492 SW 40th Ter are: Citrus Grove Elementary School (GreatSchools Rating 9/10), Palm City Elementary School (GreatSchools Rating 8/10), Bessey Creek Elementary School (GreatSchools Rating 8/10), Hidden Oaks Middle School (GreatSchools Rating 7/10), Somerset Academy St. Lucie (GreatSchools Rating 7/10), Stuart Middle School (GreatSchools Rating 4/10), Treasure Coast High School (GreatSchools Rating 5/10), Martin County High School (GreatSchools Rating 5/10), Spectrum Academy (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $1,853 (source: MLS/based on county public records data).
The last sale was on October 27, 2023 for $600,000 (source: MLS/tax record).
The property at 7492 SW 40th Ter has 3 bedrooms and 2 bathrooms.
The property 7492 SW 40th Ter is 1,926 SqFt (source: MLS/tax record).
The year of construction for 7492 SW 40th Ter is 2006.
This home is located at 7492 SW 40th Ter in Palm City, FL and zip code 34990. This 1,926 square foot home was built in 2006. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 4, 2025 and is currently priced at $650,000.
In June 2025, from all listings sold in Palm City, FL there were more than 1 sold above asking price, over 19 sold below and more than 4 were sold right at the asked price. In June 2025 in Palm City, FL there were 9.9% more homes for sale than in May. The median list price of listings available in June 2025 was $620,000, while the average time on the real estate market was 65 days.