124 Palermo Drive
Plantation Key, FL 33036
MLS# 614934
Status:
Closed4 beds | 3 baths | 2229 sqft
Property DescriptionOPEN TODAY JUNE 16, 4-5:30PM!! Welcome to your turn-key waterfront oasis in the heart of the Florida Keys! This beautifully updated 4-bedroom, 3-bath concrete home captures the essence of island living, offering direct access to both the bayside and oceanside—truly a boater's paradise. The expansive freshly painted concrete dock provides plenty of room for all your watercraft, whether you're heading out for a day of fishing or cruising the turquoise waters. Completely updated and tastefully furnished in 2024, this residence blends modern coastal design with solid construction. A brand-new stucco finish and full exterior paint give the home a fresh, crisp look. Most windows and doors are impact rated and all are paired with new roll-down and accordion shutters, delivering peace of mind year-round. Inside, you'll find a gorgeous, fully renovated kitchen and bathrooms with high-end finishes that reflect the relaxed elegance of Keys living. The open layout flows easily to the outdoors, where a brand-new heated and chilled pool with spa invites you to unwind canal-side. The shaded summer kitchen and BBQ area are ideal for entertaining, and the low-maintenance artificial turf adds a lush, polished look without the upkeep. A large air-conditioned tackle shed offers plenty of space for fishing gear, tools, or hobbies. Upstairs, the main living area includes three bedrooms and two baths, while the lower level features a permitted bath and bedroom plus a kitchenette and flexible office space — perfect for hosting extended family or weekend visitors. Must see! Meticulously maintained, move-in ready, and thoughtfully designed for both relaxation and recreation—this is island living done right. Don't miss the chance to own a slice of paradise!
Current Price: $2,625,000
Listing Date: 2025-05-07
Listing Board: Florida Keys
Leased Price Monthly: $2,625,000
Street #: 124
Street Name: Palermo
Street Suffix: Drive
Key/Island: Plantation Key
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: Venetian Shores (86.0)
Area: 25 - Plantation Key
Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 5
Pool: Yes
Year Built: 1973
Total Units: 1
Lot Size: 70 x 100
Lot SqFt: 7000
Lot Sqft Source: Tax Records
Acres: 0.16
Living Apx SqFt: 2229
SqFt Source: Tax Records
Total Bedrooms: 4
Full Baths: 3
Total Baths: 3
Rentals Allowed: With Restrictions
Min Rental Days: 28
Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 150
Assoc/Mnt Fee Per: Yearly
Under Contract Date: 2025-06-25
Leased Date: 2025-07-21
Leased Price Monthly: $2,625,000
Status: Closed
Fee Includes: Common Area Mnt
Property Condition: Updated/Remodeled
Utilities: FKAA; Municipal Sewer
Appliances: Dishwasher; Dryer; Freezer; Gas Appliances; Ice Machine; Microwave; Oven; Refrigerator; Washer
Shutters: Accordion; Roll Down Manual
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA; No Seller Finance
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: September - 03 - 2026
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