That amount is significantly higher than the last bail set by Circuit Judge Kenneth Lester, who initially set Zimmerman's bail at $150,000. The judge had revoked that earlier bond last month after prosecutors revealed that Zimmerman and his wife misled the court about how much money they had during an earlier bond hearing.
Attorneys said a website Zimmerman created for his legal defense had raised $135,000 at the time of his first bond hearing. He and his wife did not disclose the money at the time, and Shellie Zimmerman even said the couple was financially strapped because she was a student and her husband was not working.Zimmerman's defense fund currently has $211,000, according to ABC News.
Shellie Zimmerman was charged with perjury and arrested for lying about their finances.
George Zimmerman is accused of fatally shooting Martin on Feb. 26 during a confrontation with the 17-year-old in a Sanford, Fla. neighborhood. Martin was walking home from a convenience store when Zimmerman spotted him from his truck and called police to report him as suspicious.