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
$1,589,000
338 Cape San Blas Rd, Port Saint Joe, FL 32456
7beds
3,276sqft
Single Family Residence
Built in 2000
0.39 Acres Lot
$1,489,600 Zestimate®
$485/sqft
$-- HOA
What's special
Private poolLift elevatorSoothing hot tubMedia roomGas fire pit
- 32 days |
- 232 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Ashley N Peevy 850-867-7100,
Keller Williams Success Realty,
Matt R Peevy 850-247-8385,
Keller Williams Success Realty
Source: CPAR,MLS#: 790610
Originating MLS: Central Panhandle Association of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Bedroom
Bedroom
- Description: Estimate
- Level: First
- Dimensions: 10 x 12
Bedroom
- Description: Estimate
- Level: First
- Dimensions: 12 x 10
Bedroom
- Description: Estimate
- Level: First
- Dimensions: 12 x 14
Bedroom
- Description: Estimate
- Level: Second
- Dimensions: 12 x 14
Bedroom
- Description: Estimate
- Level: Third
- Dimensions: 12 x 18
Bedroom
- Description: Estimate
- Level: Third
- Dimensions: 12 x 18
Bedroom
- Description: Estimate
- Level: First
- Dimensions: 10 x 12
Interior area
- Total structure area: 3,276
- Total interior livable area: 3,276 sqft
Property
Features
- Has private pool: Yes
- Pool features: Private
- Has view: Yes
- View description: Bay, Gulf
- Has water view: Yes
- Water view: Bay,Gulf
Lot
- Size: 0.39 Acres
- Dimensions: 128 x 133
Details
- Parcel number: 06314160R
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Two Palms
HOA
- Has HOA: Yes
- Amenities included: Beach Rights
Location
- Region: Port Saint Joe
Financial & listing details
- Price per square foot: $485/sqft
- Tax assessed value: $1,081,522
- Annual tax amount: $11,584
- Date on market: 5/31/2026
- Cumulative days on market: 33 days
Estimated market value
$1,489,600
$1.42M - $1.56M
$5,428/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | -- | $25,650 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32456
Nearby schools
GreatSchools rating
- 5/10Port St. Joe Elementary SchoolGrades: PK-5Distance: 7.7 mi
- 4/10Port St. Joe High SchoolGrades: 6-12Distance: 7.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Gulf County
- Port Saint Joe
- 32456
- 338 Cape San Blas Rd




