Under Contract

Active Under Contract

500 Palmetto Place

Indialantic FL, 32903

$1,195,000


$439.02 per sqft

Under Contract

Active Under Contract

4 Beds

4 Baths

2,722 sqft

Residential

Built in 1961

Pristine mid-century home built by famous American race car driver, Jim Rathmann. After winning what was voted the greatest Indy 500 of all time, Rathman used his winnings to build this spectacular estate, hence the street address 500 Palmetto. The home sits on an expansive .45 acre, corner lot located a block away from Orlando Park in coveted SOFA district of Indialantic. Tastefully and thoughtfully updated with sparkling Terrazzo flooring and custom walnut cabinetry and doors throughout. Gourmet kitchen with double-thick quartz counters, Thermador appliances including a gas cooktop and double ovens. Spacious den/office overlooks pool and includes a walnut built-in with TV. Expansive outdoor space with fully remodeled, oversized saltwater pool and cabana bath. Newly constructed concrete block shed/workshop has potential for detached office with power sufficient for mini-split A/C. Infrastructure upgrades include new plumbing (PVC drains), hurricane impact rated windows and doors whole home generator hook-up, new HVAC ducts (2015) and a tankless water heater. Experience island life at its finest with stunning river-view sunsets at the nearby park and enjoy a short, scenic walk to the beach. Schedule your showing today to view this truly one-of-a-kind home.

1016128

MLS ID

June 22, 2024

Listed

July 13, 2024

Updated

Map

500 Palmetto Place
Indialantic FL, 32903

Interior Features

Total Stories

1


Bedrooms

4


Total Bathrooms

4


Full Bathrooms

3


Interior Features

Breakfast Bar, Eat-in Kitchen, Walk-In Closet(s)


Appliances

Dishwasher, Double Oven, Dryer, Gas Range, Ice Maker, Washer


Floor Description

Terrazzo


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.43 Acres


Exterior Features

Impact Windows


Lot Features

Corner Lot


Architectual Style

Mid Century Modern


Roof

Shingle


Sewer

Public Sewer

School Information

High School

Melbourne


Elementary School

Indialantic

Other Property Details

Area Name

384-Indialantic/Melbourne Beach


Taxes

$7,268


Tax Frequency

Annually


Garage

Yes


Garage Spaces

2


Parking

Attached Carport, Circular Driveway, Garage


View

No


County

Brevard


Water Source

Public


Pool

Yes


Pool Features

In Ground

Listing History

Date

Event

Price

7/13/2024

Under Contract

6/22/2024

Active

Courtesy of Island Pineapple Realty, LLC, Aaron Young,
Listing Contact: 321-210-6529 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor MVP SALES GROUP shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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