NOT LISTED FOR SALE

424 Palm Dr Islamorada, FL 33036

Estimated Value: $2,589,000 - $3,120,587

4 Beds
3 Baths
1,672 Sq Ft
$1,682/Sq Ft Est. Value

Last Sold August 30, 2021

Last sale price $1,935,000 $1,157 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $16,348/month

166 Days on Market

Highlights

  • Dock made with concrete
  • Concrete Pool
  • Stainless Steel Appliances
  • Plantation Key School Rated A-
  • Home fronts a canal
  • Balcony

About This Home

As of August 2021

Perfect mix of Keys' styling with a touch of modern, this all-concrete home has undergone a full renovation with all high-end finishes and no shortcuts taken. Privacy abounds with no one across the canal, and the 100' wide lot gives you plenty of elbow room and dockage for multiple boats. The second floor offers 3 bedrooms/ 2 bathrooms topped with an impressive kitchen. The first floor is a separate guest quarters with 1 bedroom/ 1 bathroom. New pool and paver driveway complete this property as the perfect package.

Last Agent to Sell the Property

AJ Vetter

Palm House Real Estate License #3296730 Listed on: 02/20/2021

Last Buyer's Agent

Bill Hart

Century 21 Prestige Realty Grp, Tavernier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,156

Year Built

  • Built in 1982

Lot Details

  • 10,000 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned R1 - Residential Single Family

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • Carport

Home Design

  • Concrete Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,672 Sq Ft Home
  • Tile Flooring
  • Canal Views
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Dock made with concrete
  • Balcony

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Community Details

  • Safety Harbor Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00391270-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,156

Year Built

Built in 1982

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Association Fee: 100.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Key Island: Lower Matecumbe
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 74.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 8155.74
  • Vehicle Storage: Carport
  • Year Built: 1982
  • Alternate Key Number: 1479594
  • Cooling Heating: Central Air
  • Lot Sq Ft: 10000.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Yearly
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1672.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Ice Machine, Gas Appliances, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 4

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Concrete
  • Roof: Concrete Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00391270-000000
  • Lot Size: 100'x100'
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2021
Closed on
Aug 27, 2021
Sold by
424 Palm Drive Llc
Bought by
Powell Dennis R and Powell Patti P
Seller's Agent
AJ Vetter
Palm House Real Estate
Buyer's Agent
Bill Hart
Century 21 Prestige Realty Grp, Tavernier
List Price
$1,999,000
Sold Price
$1,935,000
Premium/Discount to List
-$64,000
-3.2%
Current Estimated Value
$2,812,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$877,897
Avg. Annual Appreciation
8.92%

Purchase Details

Closed on
May 14, 2019
Sold by
Rr Rowe Iii Family Dgt Trust
Bought by
424 Palm Drive Llc

Purchase Details

Listed on
Mar 14, 2019
Closed on
Mar 18, 2019
Sold by
Rufus Rowe Iii Ruben
Bought by
424 Palm Drive Llc
Seller's Agent
The Florida Keys Sold Sisters
Ocean Sotheby's International Realty
Buyer's Agent
Sarah Sheen
Prudential Keyside Properties, Islamorada
List Price
$1,025,000
Sold Price
$1,025,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.90%

Purchase Details

Listed on
Oct 16, 2018
Closed on
Nov 16, 2018
Sold by
Miko Virginia R and The Miko Family Living Trust
Bought by
Rancourt David and Rowe Ruben Rufus
Seller's Agent
Alina Davis
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Sabrina Wampler & Sarah S. Ewald
Moorings Realty, Inc
List Price
$999,000
Sold Price
$950,000
Premium/Discount to List
-$49,000
-4.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.80%

Purchase Details

Closed on
Oct 1, 1978
Bought by
Miko Family Trust 7/8/1991
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Powell Dennis R $1,935,000 Florida Title Of The Keys
424 Palm Drive Llc $100 None Listed On Document
424 Palm Drive Llc $1,025,000 None Listed On Document
Rancourt David $950,000 Attorney
Miko Family Trust 7/8/1991 $20,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2021 08/30/21 Sold $1,935,000 -3.2% $1,157 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
02/20/2021 02/20/21 For Sale $1,999,000 +95.0% $1,196 / Sq Ft
03/14/2019 03/14/19 Sold $1,025,000 0.0% $657 / Sq Ft View Prior Sale
03/14/2019 03/14/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $1,025,000 +7.9% $657 / Sq Ft
11/16/2018 11/16/18 Sold $950,000 -4.9% $609 / Sq Ft View Prior Sale
11/03/2018 11/03/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $999,000 -- $640 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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 $19,573 $2,139,803 $1,566,720 $573,083
2024 $18,947 $2,131,630 $1,566,720 $564,910
2023 $18,947 $2,015,087 $1,530,000 $485,087
2022 $13,957 $1,409,252 $948,600 $460,652
2021 $10,789 $1,017,465 $605,880 $411,585
2020 $9,123 $840,642 $605,880 $234,762
2019 $8,156 $725,666 $484,800 $240,866
2018 $7,266 $640,631 $450,000 $190,631
2017 $7,471 $677,199 $0 $0
2016 $7,547 $644,756 $0 $0
2015 $6,972 $600,604 $0 $0
2014 $7,074 $625,022 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 594795

Florida Keys Board of REALTORS®

APN: 00391270-000000