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.
New construction
Price cut: $400K (8/13)
$4,500,000
155 Palo De Oro Drive Upper Matecumbe Ky, Islamorada, FL 33036
3beds
5,559sqft
Single Family Residence
Built in 2027
10,018 Square Feet Lot
$-- Zestimate®
$809/sqft
$-- HOA
What's special
- 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#: 620441
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
| Date | Event | Price |
|---|---|---|
| 8/22/2026 | Listed for sale | $4,500,000$809/sqft |
Source: | ||
| 8/13/2026 | Contingent | $4,500,000-8.2%$809/sqft |
Source: | ||
| 6/29/2026 | Listed for sale | $4,900,000$881/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





