500 Palmetto Place, Indialantic, FL 32903
$1,150,000
500 Palmetto Place

500 Palmetto Place

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.
  • 4 BEDS
  • 3 FULL BATHS
  • Sold
  • 1961 BUILT
  • 0.43 Acres LOT
  • 2,722 Sq.Ft.

Aaron Young

Broker | Owner
PHONE NUMBER (321) 210-6529
ADDRESS 325 5th Ave., #205, , Indialantic, FL 32903
EMAIL ADDRESS [email protected]
License 3363235
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Features & Amenities

Area & Lot

  • Status:Sold
  • LIVING SPACE:2,722 Sq.Ft.
  • LOT SIZE:0.43 Acres
  • MLS® ID:1016128
  • Type: Residential
  • Year Built:1961
  • Neighborhood:Indialantic
  • Architecture Styles:Mid Century Modern
  • ELEMENTARY SCHOOL:Indialantic
  • MIDDLE SCHOOL:Hoover
  • HIGH SCHOOL:Melbourne

Interior

  • Total Bedrooms:4
  • Total Bathrooms:4
  • Full Bathrooms:3
  • Flooring information:Terrazzo
  • Appliances:Dishwasher, Double Oven, Dryer, Gas Range, Ice Maker, Washer
  • Other Interior Features:Breakfast Bar, Eat-in Kitchen, Walk-In Closet(s)

Exterior

  • Stories: 1
  • Garage Space: 2.0
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Propane
  • POOL:In Ground
  • ROOF:Shingle
  • Lot Features:Corner Lot
  • Parking:Attached Carport, Circular Driveway, Garage
  • Heat Type:Electric
  • Air Conditioning:Central Air
  • Sewer:Public Sewer
  • Other Exterior Features:Impact Windows

Financial

  • SALES PRICE $1,150,000
  • REAL ESTATE TAXES $7,268/yr
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