124 Palermo Drive, Plantation Key, FL 33036

$2,625,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,229 Lot Size (sq. ft.): 7,000 Status: Closed
Current Price: $2,625,000 List Date: 5/07/2025 Last Modified: 7/22/2025

Description

OPEN TODAY JUNE 16, 4-5:30PM!! Welcome to your turn-key waterfront oasis in the heart of the Florida Keys! This beautifully updated 4-bedroom, 3-bath concrete home captures the essence of island living, offering direct access to both the bayside and oceanside—truly a boater's paradise. The expansive freshly painted concrete dock provides plenty of room for all your watercraft, whether you're heading out for a day of fishing or cruising the turquoise waters. Completely updated and tastefully furnished in 2024, this residence blends modern coastal design with solid construction. A brand-new stucco finish and full exterior paint give the home a fresh, crisp look. Most windows and doors are impact rated and all are paired with new roll-down and accordion shutters, delivering peace of mind year-round. Inside, you'll find a gorgeous, fully renovated kitchen and bathrooms with high-end finishes that reflect the relaxed elegance of Keys living. The open layout flows easily to the outdoors, where a brand-new heated and chilled pool with spa invites you to unwind canal-side. The shaded summer kitchen and BBQ area are ideal for entertaining, and the low-maintenance artificial turf adds a lush, polished look without the upkeep. A large air-conditioned tackle shed offers plenty of space for fishing gear, tools, or hobbies. Upstairs, the main living area includes three bedrooms and two baths, while the lower level features a permitted bath and bedroom plus a kitchenette and flexible office space — perfect for hosting extended family or weekend visitors. Must see! Meticulously maintained, move-in ready, and thoughtfully designed for both relaxation and recreation—this is island living done right. Don't miss the chance to own a slice of paradise!

More Information MLS# 614934

Contract Information

Listing Board: Florida Keys Current Price: $2,625,000 Listing Date: 2025-05-07 Sold Price: $2,625,000

Location, Tax & Legal

City: ISLAMORADA Mile Marker: 86 Marathon Neighborhood: N/A Side: Bay/Gulf Flood Zone: AE Alternate Key #: 1498271 Parcel #: 00406050-000000 Zoning: R1 - Residential Single Family Deed Restrictions: No Legal: LTS 11 & 12 BLK 4 VENETIAN SHORES PLAT NO 1 AMENDED & EXTENDED PB3-157 PLANTATION KEY Taxes: 15173.19 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 124 Street Name: Palermo Street Suffix: Drive Key/Island: Plantation Key State/Province: FL Zip Code: 33036 County: Monroe Subdivision: Venetian Shores (86.0) Area: 25 - Plantation Key

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 5 Lot Size: 70 x 100 Lot SqFt: 7000 Pool: Yes Lot Sqft Source: Tax Records Total Units: 1 Acres: 0.16 SqFt Source: Tax Records Rentals Allowed: With Restrictions Min Rental Days: 28 Style: Single Family Year Built: 1973 Living Apx SqFt: 2229 Total Bedrooms: 4 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: OPEN TODAY JUNE 16, 4-5:30PM!! Welcome to your turn-key waterfront oasis in the heart of the Florida Keys! This beautifully updated 4-bedroom, 3-bath concrete home captures the essence of island living, offering direct access to both the bayside and oceanside—truly a boater's paradise. The expansive freshly painted concrete dock provides plenty of room for all your watercraft, whether you're heading out for a day of fishing or cruising the turquoise waters. Completely updated and tastefully furnished in 2024, this residence blends modern coastal design with solid construction. A brand-new stucco finish and full exterior paint give the home a fresh, crisp look. Most windows and doors are impact rated and all are paired with new roll-down and accordion shutters, delivering peace of mind year-round. Inside, you'll find a gorgeous, fully renovated kitchen and bathrooms with high-end finishes that reflect the relaxed elegance of Keys living. The open layout flows easily to the outdoors, where a brand-new heated and chilled pool with spa invites you to unwind canal-side. The shaded summer kitchen and BBQ area are ideal for entertaining, and the low-maintenance artificial turf adds a lush, polished look without the upkeep. A large air-conditioned tackle shed offers plenty of space for fishing gear, tools, or hobbies. Upstairs, the main living area includes three bedrooms and two baths, while the lower level features a permitted bath and bedroom plus a kitchenette and flexible office space — perfect for hosting extended family or weekend visitors. Must see! Meticulously maintained, move-in ready, and thoughtfully designed for both relaxation and recreation—this is island living done right. Don't miss the chance to own a slice of paradise!

Association Info

Mandatory Home Owners Asc: No Voluntary Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 150 Assoc/Mnt Fee Per: Yearly

Fee Includes

Common Area Mnt: 1

Dockage

Dock Length: 70

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Freezer: 1 Gas Appliances: 1 Ice Machine: 1 Microwave: 1 Oven: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Central Air: 1

Waterfront

Canal Front: 1

Waterview

Canal View: 1

Floor

Laminate: 1 Tile: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: No

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1 Other Windows/Doors: 1

Construction

Concrete: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1 FHA: 1 No Seller Finance: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Open Porch/Balcony: 1 Screened Patio: 1

Pool Info

In Ground: 1

Roof

Concrete Roof: 1

Shutters

Accordion: 1 Roll Down Manual: 1

Status Change Info

Sold Date: 2025-07-21 Sold Price: $2,625,000 Status: Closed

Property Features

Fee Includes: Common Area Mnt Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View Property Condition: Updated/Remodeled Furnished: Furnished Cooling: Central Air Utilities: FKAA; Municipal Sewer Appliances: Dishwasher; Dryer; Freezer; Gas Appliances; Ice Machine; Microwave; Oven; Refrigerator; Washer Pool Info: In Ground Construction: Concrete Shutters: Accordion; Roll Down Manual Floor: Laminate; Tile Roof: Concrete Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Cash; Conventional; FHA; No Seller Finance
Listing Office: Coldwell Banker Schmitt Islamorada
Last Updated: July - 22 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.