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Sold for $985,000
    • $985,000

    5 Palm Dr, Key Largo, FL 33037

    3beds
    2,051sqft
    Single Family Residence
    Built in 1997
    0.56 Acres Lot
    $-- Zestimate®
    $480/sqft
    $5,169 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $5,169/mo

    Zestimate® history
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    What's special

    Screened-in poolScreened poolSpans three lotsCbs homeSplit floorplan
    GREAT VALUE in this 4 car garage, screened pool and CBS home in popular Gulfstream Shores. This remarkable ground-level home spans three lots in a coveted area of north Key Largo. The spacious residence features a layout designed for both comfort and entertainment. A split floorplan offers a primary suite on the West wing of the home and secondary bedrooms on the other side with the kitchen in the center as the heart of the home. The home is characterized by its solid concrete construction, offering durability and peace of mind. Conveniently attached is a 2 car garage, with an additional detached 4 car garage providing ample storage space for vehicles or vessels. For relaxation and recreation, a screened-in pool enhances the outdoor living experience with minimal upkeep. Located just a short stroll from the oceanfront homeowner's park, residents can enjoy access to a private boat ramp and exceptional boating opportunities. Gulfstream Shores is ideally situated, offering a tranquil lifestyle just a short drive from Miami and the prestigious Ocean Reef Club. Discover the perfect blend of coastal living and modern comfort.

    Zillow last checked:

    Listing updated:

    Listed by:

    Walters Luxury Group Gloria, Rachel and Michaela Walters 305-942-6834,

    Ocean Sotheby's International Realty

    Bought with:

    Tara Graham, 3715071

    The Keyes Company

    Source: FLKMLS,MLS#: 612852MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Freezer, Stainless Steel Appliance(s)
    Features
    • Built-in Features, Walk-in Closet(s)
    • Flooring: Tile
    Interior area
    • Total structure area: 2,051
    • Total interior livable area: 2,051 sqft

    Property

    Parking
    • Parking features: Attached, Open, RV Access/Parking, Storage
    • Has attached garage: Yes
    • Has uncovered spaces: Yes
    Features
    • Levels: Ground Level
    • Patio & porch: Screened Patio
    • Exterior features: Rain Gutters, Storage
    • Has private pool: Yes
    • Pool features: In Ground, Concrete, Decked, Screen Enclosure
    Lot
    • Size: 0.56 Acres
    Details
    • Parcel number: 00564950000000
    • Zoning: IS - Improved Subivision District

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS, Concrete
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1997

    Utilities & green energy

    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Features: Community Boat Ramp
    • Security: No Security
    • Subdivision: Gulfstream Shores (KL) (905.0)
    HOA
    • Has HOA: Yes
    • Services included: Common Area Mnt
    • HOA fee: $130 annually
    Location
    • Region: Key Largo

    Financial & listing details

    • Price per square foot: $480/sqft
    • Tax assessed value: $982,545
    • Annual tax amount: $4,477
    • Date on market: 12/29/2024
    • Listing terms: No Seller Finance,Cash,Conventional

    Price history

    DateEventPrice
    4/25/2025Sold$985,000-10.5%$480/sqft
    Source: FLKMLS #612852 Report a problem
    4/25/2025Pending sale$1,099,999$536/sqft
    Source: FLKMLS #612852 Report a problem
    3/5/2025Contingent$1,099,999$536/sqft
    Source: FLKMLS #612852 Report a problem
    12/27/2024Listed for sale$1,099,999$536/sqft
    Source: Key West AOR #612852 Report a problem
    9/6/2024Listing removed$1,099,999$536/sqft
    Source: Key West AOR #610580 Report a problem
    6/28/2024Listed for sale$1,099,999+88.4%$536/sqft
    Source: FLKMLS #610580 Report a problem
    7/3/2017Sold$584,000-7.2%$285/sqft
    Source: FLKMLS #574325 Report a problem
    3/9/2017Price change$629,000-1.6%$307/sqft
    Source: American Caribbean Real Estate #574325 Report a problem
    2/17/2017Listed for sale$639,000+3263.2%$312/sqft
    Source: American Caribbean Real Estate #574325 Report a problem
    8/14/2003Sold$19,000-93.4%$9/sqft
    Source: MLKAR #511907 Report a problem
    5/17/2000Sold$290,000-1.7%$141/sqft
    Source: Public Record Report a problem
    2/1/2000Sold$295,000$144/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,912 +5.2%$580,189 +2.9%
    2024$4,671 +4.3%$563,838 +3%
    2023$4,478 +6.5%$547,416 +3%
    2022$4,205 -1.7%$531,472 +3%
    2021$4,276 +0.9%$515,993 +1.4%
    2020$4,239 $508,869 +2.3%
    2019$4,239 +2.2%$497,429 +1.9%
    2018$4,147 +0.2%$488,155 +39.6%
    2017$4,138 +39.3%$349,740 +2.1%
    2016$2,970 -1.1%$342,547 +0.7%
    2015$3,005 $340,166
    Find assessor info on the county website

    Neighborhood: 33037

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