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For sale
  • Price cut: $99K (8/5)
    $1,490,000

    338 Cape San Blas Rd, Port Saint Joe, FL 32456

    6beds
    3,276sqft
    : 
    $8,976/mo
    Get pre-qualified
    Single Family Residence
    Built in 2000
    0.39 Acres Lot
    $1,399,300 Zestimate®
    $455/sqft
    $42/mo HOA

    What's special

    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.
    95 days
    |
    262
    |
    20
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    The Peevy Team 850-227-3335,

    Keller Williams Success Realty

    Source: Forgotten Coast Realtor Association,MLS#: 328342MLS Logo

      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

        $1,399,300

        $1.33M - $1.47M

        $5,428/mo

        Price history

        DateEventPrice
        8/5/2026Price change$1,490,000-6.2%$455/sqft
        Source: Forgotten Coast Realtor Association #328342 Report a problem
        5/14/2026Listed for sale$1,589,000+156.9%$485/sqft
        Source: Forgotten Coast Realtor Association #328342 Report a problem
        8/11/2017Sold$618,500-4.7%$189/sqft
        Source: Public Record Report a problem
        6/29/2017Pending sale$649,000$198/sqft
        Source: Coastal Realty Group #654921 Report a problem
        2/1/2017Listed for sale$649,000+30.1%$198/sqft
        Source: COASTAL REALTY GROUP-CAPE SAN BLAS NORTH #258422 Report a problem
        3/24/2015Sold$499,000-5.7%$152/sqft
        Source: Forgotten Coast Realtor Association #252482 Report a problem
        2/4/2015Pending sale$529,000$161/sqft
        Source: 98 REAL ESTATE GROUP, LLC #252482 Report a problem
        12/28/2014Price change$529,000-1.9%$161/sqft
        Source: 98 REAL ESTATE GROUP, LLC #252482 Report a problem
        11/1/2014Price change$539,000+8%$165/sqft
        Source: 98 REAL ESTATE GROUP, LLC #252482 Report a problem
        8/27/2014Price change$499,000-16.7%$152/sqft
        Source: 98 REAL ESTATE GROUP, LLC #252482 Report a problem
        8/10/2014Listed for sale$599,000$183/sqft
        Source: 98 REAL ESTATE GROUP, LLC #252482 Report a problem

        Public tax history

        YearProperty taxesTax 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

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        Payment breakdown

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        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: 32456

        Getting around

        8 / 100
        Car-Dependent
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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