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.
Under contract
$5,999,000
430 Palm Dr, Lower Matecumbe Key, FL 33036
5beds
5,153sqft
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
- 66 days
- 225
- 3
Zillow last checked:
Listing updated:
Listed by:
Claire Johnson 305-731-4602,
Coastal Realty of the Florida Keys
Source: FLKMLS,MLS#: 620457
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
| Date | Event | Price |
|---|---|---|
| 8/2/2026 | Contingent | $5,999,000$1,164/sqft |
Source: | ||
| 4/29/2026 | Price change | $5,999,000-7.7%$1,164/sqft |
Source: | ||
| 12/26/2025 | Listed for sale | $6,500,000+109.7%$1,261/sqft |
Source: | ||
| 12/15/2017 | Sold | $3,100,000+421%$602/sqft |
Source: | ||
| 12/31/2015 | Sold | $595,000-55.9%$115/sqft |
Source: Public Record Report a problem | ||
| 6/16/2006 | Sold | $1,350,000+69%$262/sqft |
Source: | ||
| 7/13/2004 | Sold | $799,000$155/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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




