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2904 PALMA LANE, New Smyrna Beach, FL, 32168

5beds
4baths
3,172sqft
$1,488,000
$469price/sqft
$10,923/moest. monthly cost
$436,920/yrincome needed

About This Home

Welcome to the exclusive gated Estates of Portofino within the Venetian Bay Golf Community in New Smyrna Beach, where refined Mediterranean-inspired coastal luxury meets resort-style living in this exceptional 5-bedroom, 4-bath estate designed for elevated comfort, privacy, and effortless entertaining. Constructed with timeless Mediterranean-style concrete block and stucco and topped with a classic tile roof, the home makes a striking architectural statement from the moment you arrive. A grand covered front porch entry with elegant double doors sets the tone for the sophistication within, upon entering the foyer opens to a formal dining room, an office with built in desk w/ bookshelves, Vaulted ceiling Overhead fans light set, multiple sun tunnels Open Living room to kitchen with breakfast bar and dining alcoves, French doors to the Exterior Family Room, while mature tropical landscaping and graceful palm trees frame the property with true Florida curb appeal. Inside, the residence offers a highly functional multigenerational layout with a fully equipped exterior private entrance separate in-law suite apartment, ideal for extended family, guests, or a private home office suite. The primary suite serves as a luxurious retreat featuring a spa-inspired en-suite bath, expansive custom walk-in closets, and a reinforced private safe room for added security and peace of mind. Throughout the home, all windows are fitted with plantation shutters, enhancing both elegance and energy efficiency while complementing the refined coastal aesthetic. Split Layout with 3 guest's bedrooms and 2 full baths. Designed for seamless indoor-outdoor living, the open-concept main living spaces flow into a dramatic outdoor entertainment environment. A secondary exterior living room with a fireplace and mounted flat-screen TV extends the living space outdoors, while also providing convenient access to a full pool bath directly from the lanai area. The chef-style kitchen and main living areas open to a covered outdoor retreat featuring electric privacy shutters and a fully appointed summer kitchen with built-in grill, refrigerator, and granite counter-height bar seating, perfect for upscale entertaining. The resort-style backyard is anchored by a seasonal heated pool with spa, cascading waterfall feature, and custom fire feature, creating a private oasis designed for year-round enjoyment. Electric storm shutters provide added protection, security, and convenience throughout the home. The private in-law apartment offers exceptional independence with its own kitchenette, refrigerator, washer/dryer hookup, full bath, sitting area, and queen-sized bedroom space, with sliding glass doors opening directly to the covered pool lanai for effortless indoor-outdoor flow. A spacious 3-car garage completes this exceptional estate, providing ample storage and functionality. Perfectly located just minutes from the Atlantic Ocean pristine beaches, the Intracoastal Waterway, shopping, dining, and historic Flagler Avenue and Canal Street walking downtowns, this residence delivers the ultimate blend of Mediterranean elegance, modern luxury, and coastal Florida lifestyle in one of New Smyrna Beach’s most desirable gated golf communities. Venetian Bay is a golf cart community access to Venetian Bay Golf course, club house dining and the Town center restaurants, bistros, shops, spa, tiki bar beach pool dining

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

8/10
5/10
5/10
New Smyrna Beach High SchoolGrades PK,9-125.4 mi

Construction

Condition

  • Year built: 2015

Materials

  • Foundation: Slab
  • Roof: Tile
  • Construction materials: Block,Stucco

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Range,Refrigerator,Water Filtration System
  • Laundry features: Electric Dryer Hookup,Inside,Laundry Room,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Dining Room

  • Features: Ceiling Fan(s)
  • Level: First
  • Area: 270
  • Dimensions: 15x18

Features

  • Ceiling Fan(s),High Ceilings,Kitchen/Family Room Combo,Primary Bedroom Main Floor,Solid Surface Counters,Split Bedroom,Thermostat,Vaulted Ceiling(s),Walk-In Closet(s)
  • Door features: French Doors,Outdoor Grill,Outdoor Kitchen,Sliding Doors
  • Window features: Window Treatments,Hurricane Shutters,Shutters
  • Flooring: Carpet,Porcelain Tile
  • Fireplace features: Family Room,Gas
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,380
  • Total interior livable area: 3,172 sqft

Kitchen

  • Features: Granite Counters
  • Level: First
  • Area: 300
  • Dimensions: 15x20

Living Room

  • Features: Ceiling Fan(s)
  • Level: First
  • Area: 504
  • Dimensions: 18x28

Office

  • Features: Ceiling Fan(s)
  • Level: First
  • Area: 270
  • Dimensions: 15x18

Primary Bedroom

  • Features: Dual Sinks,En Suite Bathroom,Garden Bath,Granite Counters,Split Vanities,Tub with Separate Shower Stall,Walk-In Closet(s)
  • Level: First
  • Area: 396
  • Dimensions: 18x22

Property

Details

  • Parcel number: 00731701000080
  • Zoning: R1
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Private pool: Yes
  • Pool features: Heated,In Ground,Outside Bath Access,Screen Enclosure,Tile
  • Exterior features: Fire Pit,Garden,Irrigation System,Lighting,Outdoor Grill,Outdoor Kitchen,Private Entrance,Private Yard,Rain Gutters,Sidewalk

Lot

  • Lot size: 0.28 Acres
  • Lot size dimensions: 135w x 130d

Parking

  • Total spaces: 3
  • Parking features: Garage - Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Wildfire
    WildfireRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Inland Flooding
Lightning
Tornado
Wildfire
Cold Wave
Strong Wind
Tsunami

FEMA Declared Disasters in Volusia County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,524$90,288
Home Insurance *$1,029$12,348
Property Taxes $2,051$24,612
Electricity $319$3,830
Total$10,923$131,076
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$374,502/yr
40% on housing$327,690/yr
45% on housing$291,280/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.9%
14.9%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.6%
6.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$469This listing

vs Other Active Listings

Avg $/sqft

ZIP 32168$230
Volusia County$191

vs Homes Sold Last Month

Median $/sqft

ZIP 32168$217
Volusia County$198

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-18Listed for sale$1,488,000
2026-06-25Listing removed$1,528,000
2026-06-22Listed for sale$1,528,000
2026-01-08Price change$6,800
2025-10-26Price change$8,500
2025-10-26Listing removed$1,518,888
2025-07-14Price change$8,000
2025-06-08Price change$8,500
2025-05-21Price change$8,600
2025-05-04Price change$9,450
2025-05-04Price change$1,518,888
2025-04-16Listed for rent$9,500
2025-03-30Listing removed$9,500
2025-03-28Listed for sale$1,528,888
2024-10-26Price change$9,500
2024-09-09Price change$11,500
2024-09-02Listed for rent$7,500
2024-08-07Listing removed$7,500
2024-05-02Listed for rent$7,500
2023-03-02Listing removed--
2023-02-09Price change$6,500
2022-11-09Listed for rent$6,800
2022-10-07Sold$1,080,000
2022-08-25Pending sale$1,100,000
2015-10-28Sold$660,350

For Sale by Agent

AgentLori Schmerler, PA
BrokerageBEACHSIDE REALTY OF VOLUSIA

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