5506 SW Ludlum Street, Palm City, FL 34990

$490,000

Virtual Tour

http://www.visualtour.com/shownp.asp?sk=13&t=3219466

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,778 Status: Closed

Current Price: $490,000 List Date: 12/06/2013 Last Modified: 7/11/2026

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# R9998939

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
Garage Spaces: 2
Covered Spaces: 2
Lot Size Area: 217800
Lot Size Acres: 5
Lot Size Dimensions: 329 x 651
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Direction Faces: North
Pool Private YN: Yes
Equestrian Features YN: Yes
Furnished: Unfurnished
LP/Assessed Value: 1.87

Property Features

Dining Area: Kitchen Dining Equestrian Features: Paddocks; Stable(s) Flooring: Carpet; Ceramic Tile Parking Features: Attached Garage; Garage Property Condition: New Construction Appliances: Dishwasher; Disposal; Dryer; Electric Range; Refrigerator; Washer Architectural Style: Other Construction Materials: Aluminum Siding; Frame Cooling: Central Air; Electric Fencing: Fenced Heating: Central; Electric Interior Features: Bar; Bedroom Layout - Split; Entrance Foyer; Pantry; Walk-In Closet(s) Laundry Features: Washer Hookup; Dryer Hookup Listing Terms: Cash; Conventional Other Structures: Barn(s); Outbuilding Pets Allowed YN: Yes Possession: Close Of Escrow; Negotiable Restrictions: Other Restrictions Roof: Metal Sewer: Septic Tank Tax Information: County Only; Homestead Exemption Utilities: Water Available Water Source: Well Waterfront Features: Pond Showing Requirements: 24 Hour Notice; Call Listing Agent; Listing Agent Must Accompany Outdoor Living Spaces: Deck; Patio; Porch Porch Details: Porch - Screened Room Types: Bedroom 2; Bedroom 3; Den; Great Room; Kitchen; Living Room; Master Bedroom Acreage Description: 4 To Less Than 5 Acre Lot; 5 To Less Than 10 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 525000

Location and Legal

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
Area: 6100 - Palm City West/Indiantown
Geographic Area: MRTC - Martin County
Special Assessment YN: No
Parcel Number: 033940000053000105
Zoning: Residential
Directions: Citrus Blvd South, Right on Ludlum, house on left

Financial Information

Membership Fee Required YN: No
Tax Annual Amount: 2908
Tax Year: 2012
Tax Assessed/SOH Value: 280360
Tax Legal Description: PALM CITY FARMS, W 1/2 OF TRACT 53

Status Change Information

Major Change Timestamp: 2014-04-03T17:38:17Z
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

Short Sale Details

Short Sale Addendum: No

Room Types

Bedroom 2 Level: First
Bedroom 3 Level: First
Den Level: First
Kitchen Level: First
Living Room Level: First
Master Bedroom Level: First

Price Calculations

Current Price To SqFt: 224.77
Original List Price To Close Price: 1.07

Originating Details

Originating System Key: 20131206154702733101000000
Originating System ID: M00000170

Room Information

Room Name	Length	Width	Level	Remarks
Living Room	26.00	19.00	First	Great Room
Kitchen	14.00	13.00	First
Master Bedroom	16.00	13.00	First
Bedroom 2	12.00	14.00	First
Bedroom 3	12.00	13.00	First
Den	11.00	14.00	First
Great Room

Listing Office: Berkshire Hathaway Florida Rea

Last Updated: July - 11 - 2026

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5506 SW Ludlum Street, Palm City, FL 34990 (MLS# R9998939)