NOT LISTED FOR SALE

124 Palo de Oro Dr Islamorada, FL 33036

Islamorada Area

Estimated Value: $2,727,000 - $3,644,000

4 Beds
3 Baths
2,960 Sq Ft
$1,019/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2022

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

Est. 34% increase in value since last sale

Current estimated payment $18,133 / mo

22 Days on Market

Highlights

  • Dock made with concrete
  • Home fronts a canal
  • Granite Countertops
  • Plantation Key School Rated A-
  • Maid or Guest Quarters
  • 1-minute walk to Founders Park

About This Home

As of February 2022

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 and space to park your trailer. Located near all the world famous local favorite restaurants, shops, parks and much more.

Last Agent to Sell the Property

Carlos Lorenzo

American Caribbean Real Estate, Christie's International Real Estate License #634298 Listed on: 12/26/2021

Co-Listed By

Jonathan Lorenzo

American Caribbean Real Estate, Christie's International Real Estate License #3328649

Last Buyer's Agent

Scott Ofstein

Berkshire Hathaway HomeServices Florida Realty - Coral Springs License #500338

Berkshire Hathaway HomeServices Florida Realty - Coral Springs

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
  • Home fronts a canal
  • Property is zoned R1 - Residential Single Family

HOA Fees

  • $13 Monthly HOA Fees

Interior Spaces

  • 2,960 Sq Ft Home
  • Bar
  • Sliding Doors
  • Entrance Foyer
  • Storage
  • Utility Room
  • Tile Flooring
  • Canal Views
  • Impact Glass

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Maid or Guest Quarters
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Dock made with concrete
  • Balcony
  • Rain Gutters

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer

Community Details

  • Venetian Shores Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00407450-000000

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

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 150.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Key Island: Plantation Key
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 86.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 8091.40
  • Title: Title Ins - Buyer
  • Year Built: 1978
  • Alternate Key Number: 1499641
  • Cooling Heating: Central Air, Wall/Window Unit(s)
  • Lot Sq Ft: 7000.00
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Yearly
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2960.00
  • Specialty Rooms Guest Servant Qtrs: Non-Conforming
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Bar, Granite Counter Top, Storage, Entrance Foyer, Built-in Cabinets
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Range, Wine Cooler, Washer, Refrigerator, Microwave, Dryer, Disposal
  • Floor: Tile
  • Specialty Rooms: Laundry Room, Utility Room
  • Windows/Doors: Impact Rstnce Doors, Sliding Glass Doors, Impact Rstnce Window
  • Total Bedrooms: 4

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Rain Gutters
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00407450-000000
  • Lot Size: 70 x 100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.16

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2021

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 26, 2021
Closed on
Feb 28, 2022
Sold by
Bought by
Seller's Agent
Carlos Lorenzo
American Caribbean Real Estate, Christie's International Real Estate
Buyer's Agent
Scott Ofstein
Berkshire Hathaway HomeServices Florida Realty - Coral Springs
List Price
$2,499,000
Sold Price
$2,250,000
Premium/Discount to List
-$249,000
-9.96%
Current Estimated Value
$3,016,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$766,967
Avg. Annual Appreciation
6.86%
Original Mortgage
$1,687,500
Outstanding Balance
$1,539,749
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$1,477,218

Purchase Details

Listed on
Jun 4, 2019
Closed on
Dec 6, 2019
Sold by
Bought by
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
Bought by

Purchase Details

Closed on
Jun 17, 1993
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 1978
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Islamorada, FL

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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
$875,000 None Listed On Document
$335,000 --
-- --
$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 $700,000
Previous Owner --
Previous Owner $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 -10.0% $760 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
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: Florida Keys Board of REALTORS®

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

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 598934

Florida Keys Board of REALTORS®

APN: 00407450-000000

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