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4 Beds
4 Baths
2,722 sqft

$1,150,000

500 Palmetto Place, Indialantic FL, 32903

Price per sqft$422.48
Built in1961
Property size2,722 sqft
Property typeResidential

Overview

Sold

Closed

Listed Jun 22, 2024

Updated Jun 10

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.

Additional information

MLS® ID
1016128

Interior Features

Bedrooms
4
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.43 Acres

Other Property Details

Taxes
$7,268
Tax Frequency
Annually
Garage
Yes
Pool
Yes
55+/Senior Community
No

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 Milly Akins shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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