$575,000
$425K PRICE DROP

7486 Palm Island Dr Unit 2422 Cape Haze, FL 33946

Don Pedro Island Neighborhood

Estimated payment $7,198/month

Total Views 2,934
3 Beds
3 Baths
2,126 Sq Ft
$270 Price per Sq Ft

Highlights

  • Beach Front
  • Fitness Center
  • Full Gulf or Ocean Views
  • Water access To Gulf or Ocean
  • In Ground Pool
  • Clubhouse

About This Home

Short Sale. Drastically Reduced OVER $400,000 for Quick Sale!

Discover breathtaking, unobstructed views of the Gulf of Mexico from this stunning 3-bedroom, 3-bathroom condo with a loft, comfortably accommodating up to 10 guests. Located in Palm Island Resort, Southwest Florida’s hidden gem, this fully furnished, turnkey getaway is ready for immediate occupancy!

Key Features:
. Spectacular Gulf Views – Enjoy panoramic shoreline views from nearly every window.
. Spacious & Updated Interior – Featuring raised ceilings, elegant crown moldings, and coastal decor.
. Upgraded Kitchen – Expanded layout with Corian countertops, recessed lighting, and extra bar cabinetry.
. Renovated Bathrooms (2024) – Modern showers and finishes for a sleek, tranquil retreat.
. Two Balconies – Screened-in lower balcony + an open-air upper balcony for ultimate relaxation.
.
Located in a peaceful, well-maintained community, this property is ideal for a vacation retreat or investment opportunity. Per seller, upstairs unit had no damage from the recent hurricane.

. Don’t miss this rare opportunity—schedule your showing today!

Listing Agent

Jeremy Jones

TALL PINES REALTY Brokerage Phone: 941-475-5015 License #3186366 Listed on: 05/14/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,365

Year Built

  • Built in 1984

Lot Details

  • Beach Front
  • Property fronts gulf or ocean
  • East Facing Home

HOA Fees

  • $3,021 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Pile Dwellings

Interior Spaces

  • 2,126 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Sliding Doors
  • Living Room
  • Loft
  • Bonus Room
  • Storage Room
  • Full Gulf or Ocean Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Water access To Gulf or Ocean
  • Courtyard
  • Screened Patio
  • Exterior Lighting
  • Outdoor Grill
  • Rear Porch

Schools

  • L.A. Ainger Middle School
  • Lemon Bay High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, pool, insurance, maintenance structure, ground maintenance, management, private road, recreational facilities, security, trash
  • $183 Other Monthly Fees
  • Bob Duncan Association, Phone Number (941) 662-1304
  • Visit Association Website
  • Palm Island Village Community
  • Palm Island Village Ph 02 Subdivision
  • On-Site Maintenance
  • The community has rules related to allowable golf cart usage in the community

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets up to 100 lbs
  • Dogs and Cats Allowed

Additional Features

  • Clubhouse
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,365

Year Built

Built in 1984

Lot Details

0

HOA Fees

$3,021 per month

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Pool, Insurance, Maintenance Structure, Maintenance Grounds, Management, Private Road, Recreational Facilities, Security, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Vinyl Siding, Frame
  • Fireplace: No
  • Living Area: 2126
  • Lot Size Acres: 0.03
  • New Construction: No
  • Year Built: 1984
  • Building Area Total: 2404
  • Lot Size Sq Ft: 1408
  • Directions to Property: SR 775 to Panama Blvd. Car ferry at end of Panama Blvd. Once across the Intracoastal, exit ferry and continue 1 mile and enter Palm Island Resort parking lot.
  • Status: Active
  • Ownership: Condominium
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 2
  • List Office Head Office Key Nume: 1048415
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 270.46
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • Other Fees Amount: 2200
  • Condo Fees Term: Quarterly
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • MFR_CommunityAssociationWaterFeatures: Dock,Fishing,Gulf/Ocean Front,Intracoastal Waterway,Water Access,Waterfront
  • Attribution Contact: 941-475-5015
  • Tax Year: 2023
  • Special Features: 4108

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Full Bathrooms: 3
  • Interior Amenities: Cathedral Ceiling(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: Two
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Stories: 2
  • Street Number Modifier: 7486
  • Additional Rooms: Bonus Room,Loft,Storage Rooms
  • Living Area Meters: 197.51
  • Room Count: 6

Exterior Features

  • Direction Faces: East
  • Pool Features: In Ground
  • Exterior Features: Courtyard, Lighting, Outdoor Grill, Sliding Doors, Tennis Court(s)
  • Roof: Metal
  • Pool Private: Yes
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Rear Porch, Screened
  • Road Surface Type: Gravel
  • Water Access: Beach,Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Other
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf Carts OK, Playground, Pool, Tennis Court(s)
  • Association Amenities: Clubhouse, Fitness Center, Maintenance, Pickleball Court(s), Playground, Pool, Recreation Facilities, Security, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association Name: Bob Duncan
  • Phone: 9416621304
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: Required
  • Building Name Number: 24
  • Condo Fees: 9063
  • Condo Land Included YN: 1
  • Max Pet Weight: 100
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: associationmanager@palmisland.com
  • Monthly Condo Fee Amount: 3021
  • Association URL: palmisland.org

Fee Information

  • Total Annual Fees: 38452.00
  • Total Monthly Fees: 3204.33
  • Other Fees Term: Annual
  • Monthly HOA Amount: 0.00

Schools

  • High School: Lemon Bay High
  • Middle Or Junior School: L.A. Ainger Middle

Lot Info

  • Zoning: PD
  • Parcel Number: 412031652051
  • Additional Parcels: No
  • Flood Zone Code: 10AE
  • Homestead YN: 0
  • Lot Size Square Meters: 131

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Cats OK, Dogs OK
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Must be rented through resort management company, 2 Day Min.
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 13364.88
  • Tax Lot: NA

Multi Family

  • Waterfront Features: Beach Front, Gulf/Ocean

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2023 $13,365 $726,376 $0 $726,376
2022 $9,510 $555,778 $0 $555,778
2021 $8,655 $454,485 $0 $454,485
2020 $7,863 $395,842 $0 $395,842
2019 $8,670 $435,826 $0 $435,826
2018 $8,354 $437,158 $0 $437,158
2017 $8,465 $475,810 $0 $0
2016 $8,111 $378,248 $0 $0
2015 $7,036 $343,862 $0 $0
2014 -- $382,500 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2025 07/19/25 Price Changed $575,000 -4.1% $270 / Sq Ft
05/27/2025 05/27/25 Price Changed $599,800 -7.7% $282 / Sq Ft
05/09/2025 05/09/25 Price Changed $649,900 -4.3% $306 / Sq Ft
03/17/2025 03/17/25 Price Changed $679,000 -3.0% $319 / Sq Ft
02/25/2025 02/25/25 Price Changed $699,900 -6.6% $329 / Sq Ft
02/21/2025 02/21/25 Price Changed $749,000 -11.9% $352 / Sq Ft
01/16/2025 01/16/25 Price Changed $850,000 -5.5% $400 / Sq Ft
01/16/2025 01/16/25 For Sale $899,900 0.0% $423 / Sq Ft
12/31/2024 12/31/24 Off Market $899,900 -- --
11/14/2024 11/14/24 Price Changed $899,900 -4.3% $423 / Sq Ft
08/16/2024 08/16/24 Price Changed $939,900 -6.0% $442 / Sq Ft
05/14/2024 05/14/24 For Sale $999,800 +25.0% $470 / Sq Ft
01/26/2024 01/26/24 Sold $800,000 -10.6% $510 / Sq Ft
12/06/2023 12/06/23 Pending -- -- --
11/11/2023 11/11/23 For Sale $895,000 -- $571 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $800,000 None Listed On Document
Warranty Deed $605,000 Thornton Law Firm Pllc
Warranty Deed -- Thornton Law Firm Pllc
Warranty Deed $550,000 Attorney
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $845,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $608,000 New Conventional
Previous Owner $350,000 Seller Take Back
Source: Public Records

Source: Stellar MLS

MLS Number: D6136465

Stellar MLS

APN: 412031652051