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New construction
  • Price cut: $400K (8/13)
    $4,500,000

    155 Palo De Oro Drive Upper Matecumbe Ky, Islamorada, FL 33036

    3beds
    5,559sqft
    : 
    $27,594/mo
    Get pre-qualified
    Single Family Residence
    Built in 2027
    10,018 Square Feet Lot
    $-- Zestimate®
    $809/sqft
    $-- HOA

    What's special

    An Unfinished Masterpiece Awaits in the prestigious **Venetian Shores**, one of Islamorada's most desirable waterfront communities, known for its deep-water canals and quick access to both the Florida Bay and the Atlantic Ocean via Snake Creek. This extraordinary opportunity allows you to complete what was envisioned as one of the Florida Keys' most premier luxury estates. Elevated above flood on **100 feet of canal frontage**, this solid concrete home features a striking concrete roofline and nearly all impact-rated windows and doors already installed, providing an exceptional foundation for your dream home. Designed with **5,559 square feet of air-conditioned living space**, the residence offers an ideal blend of luxury and boating lifestyle. The first level includes **1,467 square feet** of living space, an oversized **897-square-foot garage**, and plans for an expansive entertainment area, fishing gear room, and direct waterfront access. The second level features **2,361 square feet** of living space plus over **1,100 square feet of covered porches**, with plans for three spacious guest suites, each with a private bath, a half bath, laundry room, chef's kitchen, and open-concept living area. The entire third floor is dedicated to the **1,731-square-foot primary retreat**, designed with ocean views, a spa-inspired bath, oversized custom closet, executive office, and private covered porch. An elevator shaft is already in place for easy access to every level. Plans also include a canal-front pool and cabana overlooking Snake Creek Bridge. With a concrete dock, 100 feet of waterfront, deep-water boating, and one of the Keys' finest locations, this property offers the rare opportunity to complete a truly remarkable custom estate while selecting every finish to reflect your own vision. Property is being sold as is. Some images are AI computer generated to show future potential.
    60 days
    434
    22

    Zillow last checked:

    Listing updated:

    Listed by:

    Kelly Randin 305-619-2322,

    RE/MAX All Keys Real Estate

    Source: FLKMLS,MLS#: 620441MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Central Air
      Appliances
      • Included: None
      Features
      • Flooring: Concrete
      Interior area
      • Total structure area: 5,559
      • Total interior livable area: 5,559 sqft

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Features
      • Has private pool: Yes
      • Pool features: In Ground
      • On waterfront: Yes
      Lot
      • Size: 10,018 Square Feet
      • Dimensions: 100 X 100
      Details
      • Additional structures: Gazebo
      • Parcel number: 00407370000000
      • Zoning: R1 - Residential Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS, Concrete
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2027

      Community & HOA

      Community
      • Security: No Security
      • Subdivision: Venetian Shores (86.0)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Islamorada

      Financial & listing details

      • Price per square foot: $809/sqft
      • Annual tax amount: $5,796
      • Date on market: 8/22/2026
      • Listing terms: No Seller Finance,Cash

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/22/2026Listed for sale$4,500,000$809/sqft
        Source: FLKMLS #620441 Report a problem
        8/13/2026Contingent$4,500,000-8.2%$809/sqft
        Source: FLKMLS #620441 Report a problem
        6/29/2026Listed for sale$4,900,000$881/sqft
        Source: FLKMLS #620441 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 33036

        Getting around

        9 / 100
        Car-Dependent
        36 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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