63 Palm Dr Placida, FL 33946
Don Pedro Island NeighborhoodEstimated payment $13,142/month
Highlights
- 160 Feet of Waterfront
- Sailboat Water Access
- Heated In Ground Pool
- Dock has access to electricity
- Boat Lift
- Partial Gulf or Ocean Views
About This Home
Experience the rare beauty of true private island living. Nestled on exclusive Palm Island, this stunning waterfront retreat offers direct canal access to the Intracoastal Waterway and the Gulf of Mexico, combining privacy, tranquility, and the effortless elegance of coastal living. Built with durable concrete block construction—one of the few homes on the island with this level of strength—this residence was designed to stand the test of time while offering complete peace of mind.
Income-Producing Opportunity on Palm Island This exceptional Palm Island property offers outstanding income potential, with the current owners successfully generating up to $850 a night in rental revenue. With no HOA fees and no minimum rental restrictions, this home provides rare flexibility for short-term or long-term leasing—making it an ideal investment, vacation rental, or personal retreat with strong cash-flow potential. Whether you choose to continue its proven rental success or enjoy it as your own private island getaway, this property delivers both lifestyle and income in one unique offering. Completely renovated with numerous high-end upgrades and modern finishes, the home showcases a refined, move-in-ready interior where thoughtful design meets timeless coastal sophistication. Inside, you’ll find four generously sized bedrooms, two full bathrooms, and two half baths, along with updated flooring that gives the home a fresh and contemporary feel. The chef’s kitchen features granite countertops, custom wood cabinetry, stainless steel appliances, and a beautifully upgraded island—perfect for enjoying a quiet breakfast before a day on the water. Step outside to a resort-style pool area designed for seamless indoor-outdoor living. Expansive terraces provide breathtaking panoramic views and create the perfect setting for relaxing or entertaining while embracing the peaceful beauty of island life. For boating enthusiasts, the property offers exceptional waterfront amenities including a 16,000-lb boat lift and a brand-new jet ski lift, providing easy access to endless days on the water. A private beach is just moments away, where you can enjoy paddle boarding, kayaking, fishing, or simply soaking in the serenity of the Gulf. An additional highlight is the adjacent lot available for purchase, presenting a rare opportunity to expand your private oasis, build a guest house, or create a multi-home estate—an exceptional investment and lifestyle opportunity seldom available on Palm Island. Additional features include brand-new high-efficiency A/C units and a convenient elevator for comfort and accessibility. Accessible by a short ferry ride or private boat, this remarkable property offers the ultimate balance of seclusion, luxury, and coastal adventure. Whether you are searching for a private island retreat, a waterfront escape for family and guests, or a secure and tranquil sanctuary away from the everyday, this Palm Island residence offers a lifestyle few properties can match. Welcome to a life of sun, serenity, and island living.
Listing Agent
MEDWAY REALTY Brokerage Phone: 941-375-2456 License #3308336 Listed on: 05/15/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $31,677
Year Built
- Built in 2008
Lot Details
- 10,000 Sq Ft Lot
- Lot Dimensions are 80x125
- 160 Feet of Waterfront
- 80 Feet of Salt Water Canal Waterfront
- 80 Feet of Lagoon Waterfront
- Property fronts a saltwater canal
- Dirt Road
- Southwest Facing Home
- Vinyl Fence
- Property is zoned BBI
Parking
- 1 Car Attached Garage
- Portico
- Workshop in Garage
- Circular Driveway
- Open Parking
Property Views
- Partial Bay or Harbor
- Canal
Home Design
- Mediterranean Architecture
- Elevated Home
- Block Foundation
- Insulated Concrete Forms
- Tile Roof
- Block Exterior
- Pile Dwellings
- Stucco
Interior Spaces
- 3,294 Sq Ft Home
- 2-Story Property
- Elevator
- Crown Molding
- Tray Ceiling
- High Ceiling
- Ceiling Fan
- Window Treatments
- French Doors
- Living Room
- Dining Room
Kitchen
- Eat-In Kitchen
- Dinette
- Built-In Convection Oven
- Cooktop
- Recirculated Exhaust Fan
- Microwave
- Ice Maker
- Dishwasher
- Solid Surface Countertops
- Solid Wood Cabinet
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Upstairs
- Walk-In Closet
- Bathtub With Separate Shower Stall
Laundry
- Laundry Room
- Washer
- Laundry Chute
Pool
- Heated In Ground Pool
- Heated Spa
- In Ground Spa
- Gunite Pool
- Saltwater Pool
- Outdoor Shower
Outdoor Features
- Sailboat Water Access
- Access to Saltwater Canal
- Boat Lift
- Dock has access to electricity
- Dock made with wood
- Open Dock
- Balcony
- Deck
- Wrap Around Porch
- Patio
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
Schools
- Lemon Bay High School
Utilities
- Zoned Heating and Cooling
- Heating Available
- Thermostat
- Underground Utilities
- Water Filtration System
- Electric Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Palm Island Estates Community
- Palm Island Estates Un 3 Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 23 / I
- Assessor Parcel Number 412028303001
Map
Home Values in the Area
Average Home Value in this Area
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 | $31,677 | $1,606,122 | $244,800 | $1,361,322 |
| 2024 | $30,445 | $1,861,301 | $244,800 | $1,616,501 |
| 2023 | $30,445 | $1,604,439 | $0 | $0 |
| 2022 | $26,611 | $1,458,581 | $203,320 | $1,255,261 |
| 2021 | $20,028 | $1,040,776 | $130,560 | $910,216 |
| 2020 | $20,070 | $1,037,369 | $129,200 | $908,169 |
| 2019 | $21,504 | $1,110,255 | $122,400 | $987,855 |
| 2018 | $19,307 | $1,034,667 | $108,800 | $925,867 |
| 2017 | $18,995 | $1,015,037 | $108,800 | $906,237 |
| 2016 | $18,885 | $975,652 | $0 | $0 |
| 2015 | $10,165 | $533,590 | $0 | $0 |
| 2014 | $10,070 | $529,355 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/14/2026 03/14/26 | Price Changed | $1,950,000 | -1.3% | $592 / Sq Ft | |
| 12/18/2025 12/18/25 | Price Changed | $1,975,000 | -3.7% | $600 / Sq Ft | |
| 11/10/2025 11/10/25 | Price Changed | $2,050,000 | -4.7% | $622 / Sq Ft | |
| 10/29/2025 10/29/25 | Price Changed | $2,150,000 | 0.0% | $653 / Sq Ft | |
| 10/23/2025 10/23/25 | Price Changed | $2,149,000 | -2.1% | $652 / Sq Ft | |
| 10/05/2025 10/05/25 | For Sale | $2,195,000 | 0.0% | $666 / Sq Ft | |
| 08/03/2025 08/03/25 | Off Market | $2,195,000 | -- | -- | |
| 05/25/2025 05/25/25 | Price Changed | $2,195,000 | -6.6% | $666 / Sq Ft | |
| 05/15/2025 05/15/25 | For Sale | $2,350,000 | +123.8% | $713 / Sq Ft | |
| 03/19/2021 03/19/21 | Sold | $1,050,000 | -4.1% | $319 / Sq Ft | View Prior Sale |
| 02/24/2021 02/24/21 | Pending | -- | -- | -- | |
| 12/01/2020 12/01/20 | For Sale | $1,095,000 | 0.0% | $332 / Sq Ft | |
| 11/27/2020 11/27/20 | Pending | -- | -- | -- | |
| 11/24/2020 11/24/20 | For Sale | $1,095,000 | -- | $332 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100 | None Listed On Document | |
| Warranty Deed | $1,050,000 | Florida Abstract & Security | |
| Deed | $670,000 | None Available | |
| Deed | $600,000 | -- | |
| Deed | -- | -- | |
| Warranty Deed | $315,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $750,000 | Commercial | |
| Previous Owner | $120,000 | No Value Available |
Source: Stellar MLS
MLS Number: N6138903
APN: 412028303001
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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Ask me questions while you tour the home.