5506 SW Ludlum Street, Palm City, FL 34990

$490,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,778 Status: Closed
Current Price: $490,000 List Date: 12/02/2013 Last Modified: 8/23/2026

Overview

Description

This custom 3 bedroom pool home enchants you as you walk in to the open country kitchen and great room overlooking the grotto pool and 5 acres of horse heaven. Built in 1992, this home exudes warmth and comfort inside and outside you can enjoy country living from both the screened and unscreened porches. There are 2 barns; a 3 stall barn and separate 5 stall barn, a hay/tool shed with half bath, a full sized dressage arena, and tree lined paddocks, perfectly set up for boarding or for your own private use. The five acres is fully fenced with an electric gate entrance. Located next to the 50 acre Sons of the Wind Equestrian Center, there is ability to ride on the road and neighboring trails.

Listing Details MLS# M373103

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
3
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
2778
Building Area Source
Public Records
Living Area Main
2180
Year Built
1992
Garage YN
Yes
Attached Garage YN
Yes
Parking Total
2
Lot Size Dimensions
5 Acres
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Pool Private YN
Yes
Furnished
Furnished

Property Features

Dining Area: Eat-In Kitchen; Snack Bar/Counter Equestrian Features: Stall(s) Flooring: Carpet; Ceramic Tile Leasing Permitted Details: Okay To Lease Parking Features: Attached; Attached Garage; Garage Special Listing Conditions: Short Sale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Refrigerator; Washer; Water Purifier Water Purifier Details: Water Purifier Owned Construction Materials: Frame; Vinyl Siding Cooling: Central Air Fencing: Fenced Heating: Central; Electric Interior Features: Bedroom Layout - Split; Entrance Foyer; Walk-In Closet(s) Other Structures: Shed(s) Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible; Size Limit Possession: Close Of Escrow; Negotiable Roof: Metal Sewer: Septic Tank Special Information: Property Survey Available; Disclosure Structure Type: House Tax Information: Homestead Exemption Utilities: Sewer Available; Water Available Water Source: Well Showing Requirements: 24 Hour Notice; Call Listing Agent; Listing Agent Must Accompany Outdoor Living Spaces: Porch Porch Details: Porch - Screened Room Types: Bedroom 2; Bedroom 3; Den; Great Room; Kitchen; Master Bedroom Acreage Description: 5 To Less Than 10 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
525000

Location and Legal

Country
United States
County Or Parish
Martin
County Parish Name
Martin
Street Number
5506
Street Direction Prefix
SW
Street Name
Ludlum
Street Suffix
Street
City Name
Palm City
State Or Province
FL
Postal Code
34990
Postal Zip
34990
Subdivision Name
PALM CITY FARMS
Development Name
PALM CITY FARMS
Area
6100 - Palm City West/Indiantown
Geographic Area
MRTC - Martin County
Parcel Number
0339400000530001050000
Directions
Citrus Blvd. south, right on Ludlum, House on left

Financial Information

Tax Annual Amount
2908
Tax Year
2012
Tax Legal Description
PALM CITY FARMS, W 1/2 OF TRACT 53

Status Change Information

Major Change Timestamp
2014-04-03T19:47:50Z
Major Change Type
Status Change
Status Change Date
2014-04-03
Under Contract Date
2014-02-07
Close Date
2014-04-03
Close Price
490000
Buyer Financing
Cash

More Information

Leasing Permitted Details

Leasing Permitted YN
Yes

Member Equity

Membership Equity YN
No

Parking Information

Open Parking Spaces
2

Short Sale Details

Lender Approval
Unapproved
Short Sale Addendum
No

Price Calculations

Current Price To SqFt
224.77

Originating Details

Originating System Key
39202550
Originating System ID
M00000165

Room Information

Room Name Length Width
Kitchen 14.00 13.00
Den 11.00 14.00
Great Room 26.00 19.00
Master Bedroom 16.00 13.00
Bedroom 2 12.00 14.00
Bedroom 3 12.00 13.00
IDX
Listing Office: Berkshire Hathaway Florida Realty
Source MLS Verified
Last Updated: August - 23 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.