Discover the Forgotten Coast at its finest in the highly sought-after Two Palms, a Gulf front community on Cape San Blas. This stunning 6-bedroom, 4-bath retreat offers 3,245 square feet of elevated coastal living, built for unforgettable gatherings and effortless relaxation. The resort-style outdoor oasis steals the show with a private pool, soothing hot tub, covered pavilion with gas grill, gas fire pit, and hot/cold outdoor shower, creating an entertainer's dream beneath the swaying palms. Three levels of thoughtfully designed living space accommodate 15+ guests. The second-floor great room is the heart of the home, with open concept living, dining, and kitchen areas bathed in natural light. A king primary suite with en suite Jacuzzi tub and private deck access serves as a true owner's retreat, while two additional king suites upstairs and queen and bunk rooms below offer flexibility for multi-generational getaways. A media room, lift elevator, EV charging, and parking for five round out the home. The location is unbeatable. Two private community beach boardwalks sit just a short walk away, delivering you to sugar-white sands and emerald Gulf waters. Directly across the street, Salinas Park offers immediate access to St. Joseph Bay, a kayaker's and angler's paradise, along with the Serenity Trail for sunset bike rides and scenic walks along the bay. Stroll to Scallop Republic for bayfront music and cocktails. Beyond your doorstep, T.H. Stone Memorial St. Joseph Peninsula State Park sits five miles away with pristine shoreline and hiking trails. Historic Port St. Joe offers boutique shopping and waterfront dining, while Indian Pass, Apalachicola, and Mexico Beach serve up the freshest Gulf-to-table seafood in the South. Whether you seek a turnkey luxury second home, a proven income producer, or a forever coastal compound, this rare gem delivers. The Gulf is calling you now.
For sale
Price cut: $99K (8/5)
$1,490,000
338 Cape San Blas Rd, Port Saint Joe, FL 32456
6beds
3,276sqft
Single Family Residence
Built in 2000
0.39 Acres Lot
$1,387,800 Zestimate®
$455/sqft
$42/mo HOA
What's special
- 143 days
- 119
- 8
Zillow last checked:
Listing updated:
Listed by:
The Peevy Team 850-227-3335,
Keller Williams Success Realty
Source: Forgotten Coast Realtor Association,MLS#: 328342
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Included: Cooktop, Dishwasher, Refrigerator w/Ice Maker
Features
- Newly Painted
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 6,728
- Total interior livable area: 3,276 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: 2
- Stories: 2
- Pool features: In Ground
- Has water view: Yes
- Water view: Gulf
Lot
- Size: 0.39 Acres
- Dimensions: 128 x 133
- Features: Covenants/Restrictions, Dedicated Beach
Details
- Parcel number: 06314160R
- Zoning description: Residential Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Beach House
- Property subtype: Single Family Residence
Materials
- HardiPlank Type
- Foundation: Slab
- Roof: Metal
Condition
- Construction Complete
- Year built: 2000
- Major remodel year: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Internet Available, Sewer Connected, Water Connected, County Trash
Community & HOA
Community
- Subdivision: Two Palms
HOA
- Has HOA: Yes
- HOA fee: $500 annually
Location
- Region: Port Saint Joe
Financial & listing details
- Price per square foot: $455/sqft
- Tax assessed value: $1,081,522
- Annual tax amount: $11,120
- Date on market: 5/14/2026
Estimated market value
$1,387,800
$1.32M - $1.46M
$4,487/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Price change | $1,490,000-6.2%$455/sqft |
Source: | ||
| 5/14/2026 | Listed for sale | $1,589,000+156.9%$485/sqft |
Source: | ||
| 8/11/2017 | Sold | $618,500-4.7%$189/sqft |
Source: Public Record Report a problem | ||
| 6/29/2017 | Pending sale | $649,000$198/sqft |
Source: Coastal Realty Group #654921 Report a problem | ||
| 2/1/2017 | Listed for sale | $649,000+30.1%$198/sqft |
Source: COASTAL REALTY GROUP-CAPE SAN BLAS NORTH #258422 Report a problem | ||
| 3/24/2015 | Sold | $499,000-5.7%$152/sqft |
Source: | ||
| 2/4/2015 | Pending sale | $529,000$161/sqft |
Source: 98 REAL ESTATE GROUP, LLC #252482 Report a problem | ||
| 12/28/2014 | Price change | $529,000-1.9%$161/sqft |
Source: 98 REAL ESTATE GROUP, LLC #252482 Report a problem | ||
| 11/1/2014 | Price change | $539,000+8%$165/sqft |
Source: 98 REAL ESTATE GROUP, LLC #252482 Report a problem | ||
| 8/27/2014 | Price change | $499,000-16.7%$152/sqft |
Source: 98 REAL ESTATE GROUP, LLC #252482 Report a problem | ||
| 8/10/2014 | Listed for sale | $599,000$183/sqft |
Source: 98 REAL ESTATE GROUP, LLC #252482 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,584 +1.9% | $1,081,522 +0.4% |
| 2024 | $11,365 -1.6% | $1,077,466 -1.4% |
| 2023 | $11,553 +6.9% | $1,093,310 +11.3% |
| 2022 | $10,804 +22.7% | $982,107 +51% |
| 2021 | $8,804 -0.9% | $650,383 -1.3% |
| 2020 | $8,884 +12.4% | $658,840 +21.2% |
| 2019 | $7,904 +0% | $543,796 -1.8% |
| 2018 | $7,904 -1.9% | $553,491 -1.7% |
| 2017 | $8,057 | $562,810 +27% |
| 2016 | $8,057 +22.3% | $443,132 +19.6% |
| 2015 | $6,587 +36.4% | $370,380 -1% |
| 2014 | $4,829 | $373,987 -0.6% |
| 2013 | -- | $376,180 -0.9% |
| 2012 | -- | $379,773 -0.9% |
| 2011 | -- | $383,366 -3.4% |
| 2010 | -- | $396,959 -15.6% |
| 2009 | -- | $470,552 -12.5% |
| 2008 | -- | $537,738 -4.2% |
| 2007 | -- | $561,331 -8.9% |
| 2006 | -- | $616,331 -0.6% |
| 2005 | -- | $619,924 +15.1% |
| 2004 | -- | $538,517 +25.5% |
| 2003 | -- | $429,159 +5.4% |
| 2002 | -- | $407,228 +8.8% |
| 2001 | -- | $374,228 +1359% |
| 2000 | -- | $25,650 |
Find assessor info on the county website
Monthly payment
Est. payment




