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For sale
  • Price cut: $501K (4/29)
    $5,999,000

    430 Palm Dr, Lower Matecumbe Key, FL 33036

    5beds
    5,153sqft
    : 
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    Single Family Residence
    Built in 2017
    10,018 Square Feet Lot
    $-- Zestimate®
    $1,164/sqft
    $-- HOA

    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.
    21 days
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    854
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    38
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    Zillow last checked:

    Listing updated:

    Listed by:

    Claire Johnson 305-731-4602,

    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: $1,164/sqft
      • Tax assessed value: $3,486,408
      • Annual tax amount: $31,236
      • Date on market: 7/1/2026
      • Listing terms: No Seller Finance

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        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
        6/16/2006Sold$1,350,000+69%$262/sqft
        Source: FLKMLS #534710 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

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 33036

        Getting around

        8 / 100
        Car-Dependent
        36 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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