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$2,625,000
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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!
Full Property Details
Full Property Details for 124 Palermo Dr
General
- Sold For: $2,625,000
- HOA FEE: $13/month
- HOA FEE FREQ.: Yearly
- Taxes: $15,173 (2024)
- Status: Closed
- Type: Single Family
- Source: 927
- MLS ID: 614934
- Added to Site: 253 day(s) ago
Interior
- Appliances: Washer, Ice Machine, Gas Appliances, Freezer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
- Furnished: Yes
- Furnishings: Furnished
- Flooring: Tile, Laminate
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Additional Information
- Pool: Yes
- Pool Description: In Ground
Exterior
- Deck/Patio: Open Porch/Balcony, Screened Patio
Location
- Area: 25 - Plantation Key
- County: Monroe
- Subdivision: Venetian Shores (86.0)
Community
- Association: Yes
- Assoc. Fees Include: Common Area Mnt
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: Central Air
Utilities
- Water: Canal View
- Utility Description: FKAA, Municipal Sewer
Structural Information
- Architectural Style: Single Family
- Construction Status: Updated/Remodeled
- Construction: Concrete
- Roof: Concrete Roof
- Windows/Doors: Other Windows/Doors, Impact Rstnce Window, Impact Rstnce Doors
- Dock Size: 70
- Square Feet: 2,229
- Sq. Ft. Source: Tax Records
- Year Built: 1973
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Sq. Ft.): 7,000
- Lot Dimensions: 70 x 100
- Zoning: R1 - Residential Single Family
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Type: Canal Front
Financial Considerations
- Association Fee: Yes
- Association Fee: $150
- Assoc Fee Freq.: Yearly
- Tax Amount: $15,173
- Tax Year: 2024
- Terms: No Seller Finance, FHA, Conventional, Cash
Disclosures and Reports
- Legal Description: LTS 11 & 12 BLK 4 VENETIAN SHORES PLAT NO 1 AMENDED & EXTENDED PB3-157 PLANTATION KEY
- Flood Zone: AE
- APN: 00406050-000000
Listed by Coldwell Banker Schmitt Islamorada, Christy Hughes (305) 393-6190
Sold by Outside Of MLS, outside of mls
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Schools
Schools serving 124 Palermo Dr
School District:Monroe County School District, Middle Torch Key, FL
| Name | Grades | Distance |
|---|---|---|
Plantation Key School 100 Lake Road, Tavernier, FL 33070 | PK-8 | 3.6 mi |
Key West High School 2100 Flagler Avenue, Key West, FL 33040 | 9-12 | 79.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 124 Palermo Dr
Date
Details
Price
Change
Source
7/21/2025
Sold
$2,625,000
-5.91%
MLS
6/07/2025
Price Reduced
$2,790,000
-5.42%
MLS
5/07/2025
Listed
$2,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
124 Palermo Drive, Islamorada, FL 33036 (MLS# 614934) is a Single Family property that was sold at $2,625,000 on July 21, 2025. Want to learn more about 124 Palermo Drive? Do you have questions about finding other Single Family real estate for sale in Islamorada? You can browse all Islamorada real estate or contact a Coldwell Banker agent to request more information.

