tomo logo

$2,595,000

Beds
4
Baths
4.5
sq ft
3,532

221 Palm Island Ln, Vero Beach, FL 32963

221 Palm Island Ln

Indian River Shores, FL 32963

  • 2 days on market
Meticulously crafted one of a kind coastal residence in Palm Island Plantation. 4Br/4.5Ba exquisite details, vaulted beamed ceilings, chef's kitchen with marble surfaces, gas cooktop, private owner's wing, open floorplan, wood flooring throughout. Charming private courtyard area with heated pool, fireplace and summer kitchen. Residences enjoy access to Westside & Oceanside clubhouses with pools, fitness center & private beach access. Sizes approx./subject to error.

Details

Property type

Single Family Residence

Est. home value

$2,383,043

Lot size

Unknown

Price per sq ft

$735

Year built

2020

Annual property taxes

$18,825

Monthly HOA fee

$1,353

Price History

02/10/2025
Beaches

Beaches #R11061077

Listed
$2,595,000
+8.35%
11/30/2023
Beaches

Beaches #R10922570

Sold
$2,395,000
10/12/2023
Beaches

Beaches #R10922570

Pending
$2,395,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$265,300
Asking price
$2,595,000
Closing costs (~8% of asking)
-$207,600
Est. remaining loan balance
-$2,122,100
Cash to seller
$265,300

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Citibank Na

Loan start date

November 2023

Original loan amount

$2,145,000

Est. remaining balance

$2,122,100

Interest rate

7.57%

Loan type

New Conventional, 30 year

Seller

John R Dodd and Gennette E Faust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/12/2025 at 9:45 PM

Listing updated: 02/11/2025 at 4:25 AM

Listed by: Joseph Liguori, Premier Estate Properties Phone #: (772) 234-5555

MLS: Beaches #R11061077

Beaches logo

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