2 months on rocket

5004 SW Martin Commons Way, Palm City, FL, 34990

$2,900,000

3 Bedrooms
2 Full Baths, 1 Partial
980 SqFt
$2,959/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingDrive - Circular, Driveway, Garage - Building, Garage - Detached, Guest, Open, RV/Boat
Garage10 spaces
Year Built1994
HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
WaterfrontPond
FireplaceFireplace(s)
MLS #RX-11018847
StatusActive

About 5004 SW Martin Commons Way

Welcome to The Seven Oaks Ranch, a truly enchanting 10-acre estate located at 5004 SouthWest Martin Commons Way in the picturesque, Palm City. As you approach this magnificent property, you are greeted by a grand, gated entrance that opens up to a storybook setting. A tree-lined, winding drive meanders through the lush landscape, where dozens of majestic oak trees stand proudly alongside mature vegetation, creating a serene and private retreat.Nestled amidst this verdant paradise is a beautifully renovated, custom-designed 2-bedroom, 2-bath country cottage. The cottage exudes rustic charm with its screened-in front porch, perfect for sipping morning coffee while soaking in the tranquil surroundings.

Property Details

Property Features

Property Information:

  • Year Built: 1994
  • Stories: 1
  • Living Area: 980 SqFt

Listing Office:

  • Office Name: Raya
  • Office Phone: (561) 339-6555
  • Listing Agent: Edward Zakarian

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
  • Flooring Type: Laminate
  • Interior: Fireplace(s)
  • Fireplace: Fireplace(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Pond
  • Exterior: Auto Sprinkler, Custom Lighting, Extra Building, Fence, Fruit Tree(s), Green House, Room for Pool, Screen Porch, Shed, Shutters, Utility Barn

Parking Information:

  • Garage Space: 10 spaces
  • Attached Garage: No
  • Parking: Drive - Circular, Driveway, Garage - Building, Garage - Detached, Guest, Open, RV/Boat

Virtual/3D Tour

  • 3D Tour: 5004 SW Martin Commons Way
3D Tour

Lot Features

Lot Information:

  • Lot: Paved

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air, Electric

Other

Directions Information:

  • Directions: SW Martin Highway WEST to Citrus Blvd. SOUTH on Citrus Blvd to SW 42nd St. Property is on the SOUTH SIDE of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,900,000
  • Price Per SqFt: $2,959/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $2,762
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palm City, FL.

Med. Sold Price

$698.3K

Med. Price/SqFt

$291

Avg. Days On Market

62

# of Sold Homes

24

5004 SW Martin Commons Way vs Palm City

75 DAYS ON ROCKET

+13 Days

$2,900,000

+$2.2M More

$2,959/SqFt

+$2.6K More

KEY TAKEAWAY

This property is $2.2M more than the Median Sold Price and $2.6K/SqFt more than other homes in Palm City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-11018847

Listing Office:

  • Office Name: Raya
  • Office Phone: (561) 339-6555
  • Listing Agent: Edward Zakarian

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 4:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,762$185,314
2019$2,780$172,887
2017$2,755$185,129

History based on county public records data.

Payment Calculator

$14.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,761

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-354016
9
/10
  • Citrus Grove Elementary School

  • 2527 SW Citrus Blvd

  • 1.53 miles

  • Public District Grades PK-5

school-card-donut-354017
9
/10
  • Palm City Elementary School

  • 1951 SW 34th St

  • 2.67 miles

  • Public District Grades PK-5

school-card-donut-354018
9
/10
  • Bessey Creek Elementary School

  • 2201 SW Matheson Ave

  • 3.34 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,690. The most common annual income of people living in Palm City, FL is between $35k-100k. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5004 SW Martin Commons Way

What is the listing price of this property?

The listing price of 5004 SW Martin Commons Way property is $2,900,000.

What type of property is this?

The property 5004 SW Martin Commons Way is a house located in Palm City, Florida, 34990.

Is this property for sale now?

Active Listing: 5004 SW Martin Commons Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,762 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5004 SW Martin Commons Way has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 5004 SW Martin Commons Way is 980 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5004 SW Martin Commons Way is 1994.
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Rocket Homes›Florida›Martin County›Palm City›34990›5004 SW Martin Commons Way

This home is located at 5004 SW Martin Commons Way in Palm City, FL and zip code 34990. This 980 square foot home was built in 1994. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 07, 2024 and is currently priced at $2,900,000.

Over 0 listings were sold over their listed price in October 2024 in Palm City, FL. In the same period over 21 listings were sold below the listed price and 3 listings were sold for the listed price. The inventory of homes for sale in Palm City, FL between September 2024 and October 2024 increased by 3.8%. Listings spent 62 days on the market in October 2024, and had a median list price of $698,333 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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