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Sold for $2,625,000
  • $2,625,000

    124 Palermo Dr, Plantation Key, FL 33036

    4beds
    2,229sqft
    Single Family Residence
    Built in 1973
    6,969.6 Square Feet Lot
    $2,618,100 Zestimate®
    $1,178/sqft
    $5,537 Estimated rent

    Home value

    $2,618,100

    $2.38M - $2.91M

    $5,537/mo

    Zestimate® history
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    What's special

    Waterfront oasisModern coastal designFully renovated kitchenHigh-end finishesOpen layoutSolid constructionBrand-new stucco finish
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Christy Hughes 305-393-6190,

    Coldwell Banker Schmitt Islamorada

    Bought with:

    outside of mls

    Outside Of MLS

    Source: FLKMLS,MLS#: 614934MLS LogoOriginating MLS: Florida Keys

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Cooling
    • Central Air
    Appliances
    • Included: Washer, Ice Machine, Gas Appliances, Freezer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
    Features
    • Flooring: Tile, Laminate
    • Doors: Impact Rstnce Doors
    • Windows: Other Windows/Doors, Impact Rstnce Window, Accordion, Roll Down Manual
    • Furnished: Yes
    Interior area
    • Total interior livable area: 2,229 sqft

    Property

    Features
    • Patio & porch: Open Porch/Balcony, Screened Patio
    • Has private pool: Yes
    • Pool features: In Ground
    • Has view: Yes
    • View description: Canal
    • Has water view: Yes
    • Water view: Canal
    • Waterfront features: Canal Front, Waterfront, Dock Length: 70
    Lot
    • Size: 6,969 sqft
    • Dimensions: 70 x 100
    • Features: Less Than 1/4 Acre
    Details
    • Parcel number: 00406050000000
    • Zoning: R1
    • Zoning description: Residential Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Concrete
    • Roof: Concrete
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1973

    Utilities & green energy

    • Sewer: Municipal Sewer, Public Sewer
    • Utilities for property: FKAA

    Community & neighborhood

    Location
    • Region: Plantation Key
    • Subdivision: Venetian Shores (86.0)

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $150 yearly
    • Services included: Maintenance Grounds

    Other

    Other facts
    • Listing terms: No Seller Finance,FHA,Conventional,Cash

    Price history

    DateEventPrice
    7/21/2025Sold$2,625,000-5.9%$1,178/sqft
    Source: FLKMLS #614934 Report a problem
    7/12/2025Pending sale$2,790,000$1,252/sqft
    Source: FLKMLS #614934 Report a problem
    6/28/2025Contingent$2,790,000$1,252/sqft
    Source: Key West AOR #614934 Report a problem
    6/7/2025Price change$2,790,000-5.4%$1,252/sqft
    Source: Key West AOR #614934 Report a problem
    5/7/2025Listed for sale$2,950,000+43.9%$1,323/sqft
    Source: FLKMLS #614934 Report a problem
    4/18/2023Sold$2,050,000-4.7%$920/sqft
    Source: FLKMLS #603964 Report a problem
    4/1/2023Contingent$2,150,000$965/sqft
    Source: Key West AOR #603964 Report a problem
    3/17/2023Price change$2,150,000-4.4%$965/sqft
    Source: Key West AOR #603964 Report a problem
    3/1/2023Price change$2,250,000-6.3%$1,009/sqft
    Source: Key West AOR #603964 Report a problem
    1/27/2023Listed for sale$2,400,000+742.1%$1,077/sqft
    Source: Key West AOR #603964 Report a problem
    8/23/1999Sold$285,000$128/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$17,196 +13.3%$1,855,140 +12.3%
    2024$15,173 +113%$1,651,509 +113.3%
    2023$7,124 +1.4%$774,160 +3%
    2022$7,026 -1.1%$751,612 +3%
    2021$7,104 +0.9%$729,721 +1.4%
    2020$7,043 $719,646 +11%
    2019$7,043 +8.8%$648,294 +1.9%
    2018$6,471 +2.7%$636,207 +2.1%
    2017$6,303 +4.3%$623,122 +2.1%
    2016$6,041 -3.5%$610,306 +0.7%
    2015$6,258 $606,064

    Find assessor info on the county website

    Neighborhood: 33036

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,618,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,618,100