NOT LISTED FOR SALE

124 Palo de Oro Dr Islamorada, FL 33036

Islamorada Area

Estimated Value: $2,549,000 - $3,439,000

4 Beds
3 Baths
2,960 Sq Ft
$989/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2022

Last sale price $2,250,000 $760 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $17,651 / mo

21 Days on Market

Highlights

  • 70 Feet of Waterfront
  • Canal View
  • Wrap Around Porch
  • Active Adult
  • Outdoor Living Area
  • 1-minute walk to Founders Park

About This Home

As of February 2022

Just in Time for the New Year!!! Exquisitely Updated Home, located in the Heart of Islamorada. This Elegant Venetian Shores home offers a Great Floor Plan with a 3/2 Upstairs and a downstairs-Guest Quarters making it the perfect Boater’s Paradise. A perfect home to entertain or for a large family. This tastily decorated home has the WOW Factor! Impact Sliding Doors wrap around the entire home providing incredible Natural Light throughout. This home is a bunker, with a Solid CBS Construction and a Concrete Reinforced Roof. 70 Ft Concrete Dock. Enjoy the afternoon sun from your large balcony. Plenty of room to turn around a large boat with a 100' Wide Canal. Lot dimensions are 70 x 100 which allows plenty of room for a Pool & Trailer.

Last Agent to Sell the Property

Carlos Lorenzo

American Caribbean Real Estate License #0634298 Listed on: 12/27/2021

Co-Listed By

Jonathan Lorenzo

American Caribbean Real Estate License #3328649

Last Buyer's Agent

Scott Ofstein

Berkshire Hathaway Florida Realty License #500338

Berkshire Hathaway Florida Realty
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,091

Year Built

  • Built in 1978

Lot Details

  • 7,000 Sq Ft Lot
  • 70 Feet of Waterfront
  • Home fronts a canal
  • East Facing Home
  • Fenced

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Concrete Roof

Interior Spaces

  • 2,960 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar
  • Ceiling Fan
  • Entrance Foyer
  • Storage
  • Washer
  • Tile Flooring
  • Canal Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • No Fixed Bridges
  • Outdoor Living Area
  • Wrap Around Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Active Adult
  • Venetian Shores No 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00407450000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,091

Year Built

Built in 1978

Lot Details

7,000 Sq Ft Lot

HOA Fees

$13 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Year Built: 1978
  • Entry Level: 1
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Features, Entrance Foyer, Storage, Upper Level Primary, Bar
  • Appliances: Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Tile
  • Living Area: 2960.0
  • Stories: 2

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: Canal
  • Fencing: Fenced
  • Road Frontage Type: Waterfront
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front, No Fixed Bridges
  • Waterfront: Yes
  • Disclosures: Special Assessment
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Porch, Wrap Around
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 150.0
  • Community Features: Home Owners Association
  • Senior Community: Yes
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Parcel #: 00407450000000
  • Lot Size Acres: 0.16
  • Mobile Dim Units: Feet
  • Zoning: Single Family Res

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8091.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2021
Closed on
Feb 28, 2022
Sold by
Aguiar Alberto M and Aguiar Barbara
Bought by
Seller's Agent
Carlos Lorenzo
American Caribbean Real Estate
Buyer's Agent
Scott Ofstein
Berkshire Hathaway Florida Realty
List Price
$2,499,000
Sold Price
$2,250,000
Premium/Discount to List
-$249,000
-9.96%
Current Estimated Value
$2,926,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$676,256
Avg. Annual Appreciation
6.00%
Original Mortgage
$1,687,500
Outstanding Balance
$1,539,749
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$1,386,507

Purchase Details

Listed on
Jun 4, 2019
Closed on
Dec 6, 2019
Sold by
Giddens John R
Bought by
Aguiar Alberto M and Aguiar Barbara
Seller's Agent
Jan Keller
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Buyer's Agent
outside mls - FKBR
Outside Of MLS - FKBR
List Price
$1,100,000
Sold Price
$875,000
Premium/Discount to List
-$225,000
-20.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.73%
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 1993
Sold by
Roth Joseph H and Roth Linda
Bought by
Giddens John R and Giddens Sallianne

Purchase Details

Closed on
Jun 17, 1993
Sold by
Roth Mary Alice and Roth Joseph Henry
Bought by
Sun Bk Miami

Purchase Details

Closed on
Dec 1, 1978
Bought by
Giddens John R and Giddens Sallianne
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,250,000 None Listed On Document
Aguiar Alberto M $875,000 None Listed On Document
Giddens John R $335,000 --
Sun Bk Miami -- --
Giddens John R $132,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,687,500
Previous Owner Aguiar Alberto M $700,000
Previous Owner Aguiar Alberto M --
Previous Owner Giddens John B $20,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2022 02/28/22 Sold $2,250,000 0.0% $760 / Sq Ft
02/28/2022 02/28/22 Sold $2,250,000 -10.0% $760 / Sq Ft View Prior Sale
01/17/2022 01/17/22 Pending -- -- --
01/17/2022 01/17/22 Pending -- -- --
12/27/2021 12/27/21 For Sale $2,499,000 0.0% $844 / Sq Ft
12/26/2021 12/26/21 For Sale $2,499,000 +185.6% $844 / Sq Ft
12/06/2019 12/06/19 Sold $875,000 -20.5% $317 / Sq Ft View Prior Sale
06/04/2019 06/04/19 For Sale $1,100,000 -- $398 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,836 $2,220,414 $1,330,000 $890,414
2024 $19,144 $2,006,703 $1,134,000 $872,703
2023 $19,144 $1,994,767 $1,113,000 $881,767
2022 $10,700 $1,563,951 $735,000 $828,951
2021 $8,091 $737,120 $490,000 $247,120
2020 $8,123 $737,120 $490,000 $247,120
2019 $9,149 $826,384 $490,000 $336,384
2018 $9,263 $866,943 $486,500 $380,443
2017 $8,232 $756,272 $0 $0
2016 $8,194 $708,094 $0 $0
2015 $8,571 $760,057 $0 $0
2014 $9,222 $817,486 $0 $0
Source: Public Records

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11139907

BeachesMLS (Greater Fort Lauderdale)

APN: 00407450-000000

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