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Sold for $5,550,000
  • $5,550,000

    430 Palm Dr, Lower Matecumbe Key, FL 33036

    5beds
    5,153sqft
    Single Family Residence
    Built in 2017
    10,018 Square Feet Lot
    $5,604,900 Zestimate®
    $1,077/sqft
    $-- Estimated rent

    Home value

    $5,604,900

    $4.82M - $6.50M

    Not available

    Zestimate® history
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    What's special

    Saltwater poolOutdoor kitchenMetal roofLaundry on both floorsImpact windows and doorsGated circular driveHis-and-hers closets
    Experience modern coastal luxury in Islamorada, where elevated design meets premier waterfront living. Built in 2017, this custom contemporary estate offers over 5,100sf of thoughtfully designed living space, set just 2 lots from the bay and across from a tranquil mangrove preserve that enhances both privacy and natural beauty. Boaters will love the setup - 100' of dockage with 2 elevator boat lifts (20,000lb and 15,000lb), plus easy access to Everglades National Park and the Atlantic Ocean through the 65' Channel 5 Bridge. Inside, the home feels open, bright, and refined. There are 5 ensuite bedrooms and 2 half baths, each bedroom featuring its own ductless A/C along with the central system. The primary suite includes a cozy sitting area, his-and-hers closets, and partial bay views. A secondary primary suite opens directly to the pool deck, offering privacy for guests or family. The top level centers around a stunning great room with vaulted ceilings, fireplace, and a chef's kitchen with high-end appliances - the perfect setting for entertaining. On the lower level, a relaxed family room with fireplace and wet bar creates another comfortable gathering space. Additional features include laundry on both floors, an elevator, 2-car garage, and gated circular drive. Out back, the saltwater pool, outdoor kitchen, and sound system create a true resort-style atmosphere. The east-facing orientation means warm morning sunshine, shady afternoons, and gentle ocean breezes. With CBS construction, metal roof, whole house generator and impact windows and doors, this home blends luxury, comfort, and peace of mind. This is waterfront living for those who value both elegance and ease - the Keys lifestyle at its finest.

    Zillow last checked:

    Listing updated:

    Listed by:

    Claire Johnson 305-731-4602,

    Coastal Realty of the Florida Keys

    Bought with:

    Claire Johnson, 3046906

    Coastal Realty of the Florida Keys

    Source: FLKMLS,MLS#: 620457MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 7
    • Full bathrooms: 5
    • 1/2 bathrooms: 2
    Heating
    • Has Heating (Unspecified Type)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave
    Features
    • Elevator, Walk-in Closet(s)
    • Furnished: Yes
    Interior area
    • Total structure area: 5,153
    • Total interior livable area: 5,153 sqft

    Property

    Parking
    • Parking features: Attached
    • Has attached garage: Yes
    Features
    • Patio & porch: Open Porch/Balcony, Patio
    • Has private pool: Yes
    • Pool features: In Ground, Salt Water
    • On waterfront: Yes
    Lot
    • Size: 10,018 Square Feet
    Details
    • Parcel number: 00391250000000
    • Zoning: R1 - Residential Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS
    Condition
    • Year built: 2017

    Utilities & green energy

    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Security: Security Gate, Security System
    • Subdivision: Safety Harbor (74.0)
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Lower Matecumbe Key

    Financial & listing details

    • Price per square foot: $1,077/sqft
    • Tax assessed value: $3,486,408
    • Annual tax amount: $31,236
    • Date on market: 7/1/2026
    • Listing terms: No Seller Finance

    Price history

    DateEventPrice
    9/10/2026Sold$5,550,000-7.5%$1,077/sqft
    Source: FLKMLS #620457 Report a problem
    8/2/2026Contingent$5,999,000$1,164/sqft
    Source: FLKMLS #620457 Report a problem
    4/29/2026Price change$5,999,000-7.7%$1,164/sqft
    Source: Key West AOR #617828 Report a problem
    12/26/2025Listed for sale$6,500,000+109.7%$1,261/sqft
    Source: FLKMLS #617828 Report a problem
    12/15/2017Sold$3,100,000+421%$602/sqft
    Source: FLKMLS #575172 Report a problem
    12/31/2015Sold$595,000-55.9%$115/sqft
    Source: Public Record Report a problem
    7/6/2006Sold$1,350,000+69%$262/sqft
    Source: Public Record Report a problem
    7/13/2004Sold$799,000$155/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$31,236 +6.9%$3,333,042 +10%
    2024$29,233 +4.8%$3,030,038 +10%
    2023$27,901 +11.9%$2,754,580 +10%
    2022$24,933 +8.9%$2,504,164 +10%
    2021$22,902 -1.1%$2,276,513 -0.7%
    2020$23,148 $2,292,020 -5.2%
    2019$23,148 -6.8%$2,417,799 +2.6%
    2018$24,843 +3%$2,356,043 +640.8%
    2017$24,124 +688%$318,031 +0.4%
    2016$3,061 -5.5%$316,793 -30%
    2015$3,240 $452,645
    Find assessor info on the county website

    Neighborhood: 33036

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $5,604,900

    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

    $5,604,900