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Sold for $5,600,000
  • $5,600,000

    400 Palm Dr, Islamorada, FL 33036

    6beds
    4,700sqft
    Single Family Residence
    Built in 1989
    10,018 Square Feet Lot
    $5,664,900 Zestimate®
    $1,191/sqft
    $7,674 Estimated rent

    Home value

    $5,664,900

    $4.87M - $6.57M

    $7,674/mo

    Zestimate® history
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    What's special

    Private dockageBoat liftsPrivate balconyHot tubSleek finishesFish cleaning stationPrivate en-suite bathroom
    Welcome to Mykonos Villa, a luxurious 6-bedroom, 7.5-bathroom estate in Islamorada, FL. This home features an open layout with natural light, sleek finishes, and refined design. The gourmet kitchen, with a La Cornue stove, high-end appliances, and custom cabinetry, flows seamlessly into the living and dining areas, perfect for entertaining. A smart home system manages temperature, security, and pool features. Each bedroom includes a private en-suite bathroom. The master suite offers breathtaking views, a private balcony, spa-inspired bathroom, and spacious walk-in closet. Outdoors, enjoy a pool, hot tub, kitchen, 100 feet of private dockage, two boat lifts, and a fish cleaning station. Mykonos Villa—Live where the ocean greets luxury, and paradise is your everyday address.

    Zillow last checked:

    Listing updated:

    Listed by:

    Alexander Pinero 305-450-4541,

    Pine River Realty, LLC,

    Dominic Rivera 786-556-3434,

    Pine River Realty, LLC

    Bought with:

    Brett Newman, 555709

    Coldwell Banker Schmitt Islamorada

    Source: FLKMLS,MLS#: 613346MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 8
    • Full bathrooms: 7
    • 1/2 bathrooms: 1
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Disposal, Freezer, Gas Appliances, Ice Maker, Wine Cooler
    • Laundry: Laundry Room
    Features
    • Built-in Features, Elevator, Walk-in Closet(s), Bar, Quartz Countertops, Wired for Sound, Media Room
    • Furnished: Yes
    Interior area
    • Total structure area: 4,700
    • Total interior livable area: 4,700 sqft

    Property

    Parking
    • Parking features: Open
    • Has garage: Yes
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Open Porch/Balcony, Patio
    • Exterior features: Bar, Built-in Barbecue, Chickee Hut, Rain Gutters, Lighting, Outdoor Kitchen
    • Has private pool: Yes
    • Pool features: In Ground
    • Fencing: Fenced,Privacy
    • On waterfront: Yes
    Lot
    • Size: 10,018 Square Feet
    Details
    • Parcel number: 00391340000000
    • Zoning: R1 - Residential Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS
    Condition
    • New Construction,Updated/Remodeled
    • New construction: Yes
    • Year built: 1989

    Utilities & green energy

    • Electric: Cat 5

    Community & HOA

    Community
    • Security: On Premises System
    • Subdivision: Safety Harbor (74.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Islamorada

    Financial & listing details

    • Price per square foot: $1,191/sqft
    • Tax assessed value: $3,159,140
    • Annual tax amount: $19,835
    • Date on market: 1/26/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    5/9/2025Sold$5,600,000-11.8%$1,191/sqft
    Source: FLKMLS #613346 Report a problem
    4/20/2025Pending sale$6,350,000$1,351/sqft
    Source: FLKMLS #613346 Report a problem
    1/26/2025Listed for sale$6,350,000+170.2%$1,351/sqft
    Source: Key West AOR #613346 Report a problem
    6/20/2022Sold$2,350,000$500/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$28,438 +41.1%$3,068,918 +40.5%
    2024$20,155 +1.6%$2,184,221 +4.1%
    2023$19,835 +52.8%$2,099,116 +69.6%
    2022$12,980 +12.2%$1,237,645 +10%
    2021$11,568 +159%$1,125,132 +163.4%
    2020$4,467 $427,152 +2.3%
    2019$4,467 +0.5%$417,549 +1.9%
    2018$4,447 +2.7%$409,764 +2.1%
    2017$4,328 +4.1%$401,336 +2.1%
    2016$4,158 -3%$393,082 +0.7%
    2015$4,287 $390,350
    Find assessor info on the county website

    Neighborhood: 33036

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,664,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,664,900