Dale Sorensen Real Estate Broker Associate Matilde Sorensen has announced a significant price drop for “Palm Cottage”, a magnificent riverfront estate on Vero Beach’s Barrier Island. Originally listed for $8,875,000, the price has been reduced to $7,500,000. The property is located at 721 Grove Place in Orchid Island.

“This is one of Vero Beach’s most beautiful homes,” Sorensen said. “It has one of the most magnificent master suites with a fireplace that is visible from both the bedroom and the bath. The kitchen is every cook’s dream. But the view of the river and the amazing outdoor living space is simply breathtaking. It’s a great place to watch our famous Florida sunsets or see dolphins jumping.”

Situated on nearly an acre of lush, tropically landscaped property, with expansive views of the Indian River, the 2 guest cottages and main house make up almost 9,000 square feet of living area. The estate includes a beautiful courtyard featuring a glimmering pool and spa, a lovely “mermaid” fountain and splashes of meticulous green lawn. The main house features polished marble floors, a total of 9 fireplaces, 2 bedrooms, 5 baths, and an elevator to the second floor. The Chef’s kitchen is impeccable with white plantation style cabinetry, two sinks, a side by side Sub-Zero fridge with 3 freezer drawers, double built-in ovens, and an island featuring a 6-burner Thermador gas stovetop and overhead hood vent. The adjacent family room looks out onto the lanai. The first-floor guest suite is complete with its own laundry area and a full size ensuite featuring a marble surround jacuzzi tub.

On the second floor is the impressive master suite. The bedroom itself is elegant with glowing wood floors, a unique custom-built wood-beamed tray ceiling and a private deck to view the area’s stunning sunsets. The lavish master bath is magnificent with marble floors, black and gold furniture-style footed sinks, an oval jacuzzi tub and another one of the home’s beautiful stone fireplaces. The all-marble master shower has multiple shower heads and features a large window that overlooks the Indian River lagoon.

The master suite also includes a beautifully appointed den and a piano room with glorious views of the river. Both rooms feature polished wood floors, custom tray ceilings and access to the private balcony. Access to the second floor is granted through a stone staircase or via a private elevator.

The north and south cottages are separated by a walk-through. The north cottage has 2 bedrooms while the South cottage features 1 bedroom. Both cottages feature laundry rooms, kitchens, living rooms and ample windows to allow for lots of natural light while the ground floor rooms open to the courtyard.

The outdoor living spaces of this home are incomparable and feature a summer kitchen, covered lanai, open pool deck with twin fireplaces on either side of a beautiful heated pool and 4 single-stream fountains.

The home’s dock is accessed just off the main pool and offers fishing, boating and views of the Indian River Lagoon with all its local flora and fauna. Watch dolphins, turtles, egrets and other wildlife from the privacy of your own dock.

Located on Vero Beach’s Barrier Island in the exclusive community of Orchid Island, residents enjoy a world class lifestyle and amenities.

For enquiries, contact Matilde Sorensen at 772.532.0010, by email at msorensen@sorensenrealestate.com; or at her office located at 3206 Cardinal Drive, Vero Beach, FL 32963