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$2,625,000
124 Palermo Drive
Plantation Key, FL 33036
MLS# 614934
Status: Closed
4 beds  |  3 baths  |  2229 sqft


124 Palermo Dr
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124 Palermo Dr Gorgeous turn key home with pool, spa and dock Close to the only draw bridge in the Keys, access to both ocean side and bay side in minutes. Beautiful pool with spa Updated kitchen with stainless steel appliances Kitchen and dining area Kitchen and diging area Updated kitchen with stainless steel appliances Cozy dining/living area Lots of room for a family movie night Living room Screened in porch for warm evenings virtual-tour-355856-mls-high-res-image-4 124 Palermo Dr Bright and airy primary bedroom Primary bedroom Updated primary bathroom with lots of space Huge shower for two Second bedroom Second bedroom Second bath Third bedroom gives lots of room for family and friends Third bedroom Deck off primary bedroom for coffee in the sunrise Dining by the pool Chilling by the pool Preparing and cooking food by the pool 70' of deepwater dockage Canal leading to Snake creek with direct access to ocean and bay Downstairs kitchen with plenty of room for overnight guests Downstairs kitchen with plenty of room for overnight guests 124 Palermo Dr Downstairs kitchen with plenty of room for overnight guests Downstairs living area and kitchen Downstairs living area Bedroom downstairs Bedroom downstairs with separate entrance Downstairs bathroom Downstairs bedroom Downstairs bedroom Downstairs storage/office Downstairs storage/office Downstairs bathroom Hanging by the pool 12,5' x 70' wide dock with lots of space for rinsing off gear 70' of dockage 124 Palermo Dr 124 Palermo Dr Street view Aerial view of front yard Venetian Shores 124 Palermo Dr

Property Description
OPEN 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!

Details
Maps
Contract Information
Listing Board: Florida Keys
Current Price: $2,625,000
Listing Date: 2025-05-07
Sold Price: $2,625,000
Location, Tax & Legal
City: ISLAMORADA
Mile Marker: 86
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE
Alternate Key #: 1498271
Parcel #: 00406050-000000
Zoning: R1 - Residential Single Family
Deed Restrictions: No
Legal: LTS 11 & 12 BLK 4 VENETIAN SHORES PLAT NO 1 AMENDED & EXTENDED PB3-157 PLANTATION KEY
Taxes: 15173.19
Tax Year: 2024
Pub Sewer HkUp: Yes
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
General Property Description
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 5
Lot Size: 70 x 100
Lot SqFt: 7000
Pool: Yes
Lot Sqft Source: Tax Records
Total Units: 1
Acres: 0.16
SqFt Source: Tax Records
Rentals Allowed: With Restrictions
Min Rental Days: 28
Style: Single Family
Year Built: 1973
Living Apx SqFt: 2229
Total Bedrooms: 4
Full Baths: 3
Total Baths: 3
Remarks & Misc
Remarks – Consumer: OPEN 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!
Association Info
Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 150
Assoc/Mnt Fee Per: Yearly
Fee Includes
Common Area Mnt: 1
Dockage
Dock Length: 70
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Freezer: 1
Gas Appliances: 1
Ice Machine: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Washer: 1
Pets
Pets Allowed: 1
Cooling
Central Air: 1
Waterfront
Canal Front: 1
Waterview
Canal View: 1
Floor
Laminate: 1
Tile: 1
Property Condition
Updated/Remodeled: 1
Building Style
Above Flood: No
Windows/Doors
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Other Windows/Doors: 1
Construction
Concrete: 1
Land Size
Less Than 1/4 Acre: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
FHA: 1
No Seller Finance: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Open Porch/Balcony: 1
Screened Patio: 1
Pool Info
In Ground: 1
Roof
Concrete Roof: 1
Shutters
Accordion: 1
Roll Down Manual: 1
Status Change Info
Sold Date: 2025-07-21
Sold Price: $2,625,000
Status: Closed
Property Features
Fee Includes: Common Area Mnt
Tax Exemptions: None
Waterfront: Canal Front
Waterview: Canal View
Property Condition: Updated/Remodeled
Furnished: Furnished
Cooling: Central Air
Utilities: FKAA; Municipal Sewer
Appliances: Dishwasher; Dryer; Freezer; Gas Appliances; Ice Machine; Microwave; Oven; Refrigerator; Washer
Pool Info: In Ground
Construction: Concrete
Shutters: Accordion; Roll Down Manual
Floor: Laminate; Tile
Roof: Concrete Roof
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Terms: Cash; Conventional; FHA; No Seller Finance

Listing Office: Coldwell Banker Schmitt Islamorada

Last Updated: July - 22 - 2025

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.