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51 PALM DRIVE

House For Sale
$945,000

BTC: 14.76562500

ETH: 525.00000000

-$50K (2026/05/31)
74 days
Waterfront
3 bds
2 ba
1,839 sqft

Overview

Welcome to 51 Palm Drive located on beautiful Palm Island, Florida. This waterfront island home offers the ultimate in coastal living, combining direct Gulf access, stunning sunset views, and the privacy of a barrier island lifestyle with over seven miles of pristine sandy beaches just moments away. Situated on an oversized corner lot, this 3-bedroom, 2-bath residence features a private dock on a saltwater canal with no bridges to the Gulf of Mexico—a true boater’s dream. Enjoy effortless days on the water with quick access to world-class fishing, boating, and island hopping. Inside, the home showcases an open-concept floor plan designed for relaxed coastal living, with a spacious great room, beautiful Spanish tile and wood flooring, and warm knotty pine walls and ceilings that create a classic island feel. The remodeled kitchen is both stylish and functional, featuring granite countertops, stainless steel energy-efficient appliances, under-cabinet lighting, wine rack, and a granite topped kitchen island perfect for entertaining. Wake up to Gulf views and breathtaking sunsets from the top-floor primary suite, complete with a beautifully updated travertine bathroom, dual vanities, garden tub and a rain shower. Outdoor living is just as inviting with a screened second-floor porch, fire pit, a charming hexagon deck nestled among mature palms, and lush Florida-friendly landscaping. Additional features include a metal roof with radiant barrier, 15 SEER Trane A/C system with UV light and connection to public water and cable—offering comfort, efficiency, and peace of mind. With ample room to add a pool and positioned as one of the best values for a 3-bedroom waterfront home with direct Gulf access on Palm Island, this property is ideal as a full-time residence, vacation home, or investment opportunity. Experience the beauty of Palm Island living—where nature, tranquility, and coastal luxury come together.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1992
Lot:
0.28 Acres
Heating:
Central
Price/sqft:
$514
Cooling:
Central Air
HOA:
$60

Valuation

Our model vs. what's actually selling nearby.
Estimate
$449,900
$283K – $677K
Confidence Low
List vs. estimate
$495K above estimate
List $945,000 · +110.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$513
+26.0% vs. city median $407
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$15,032
2025
HOA
$60/yr
View
Water
Waterfront
Canal - Saltwater
Furnished
Furnished
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Tile

    • Hardwood

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Cathedral Ceiling(s)

    • Ceiling Fan(s)

    • Open Floorplan

    • Solid Surface Counters

    • Split Bedroom

    • Thermostat

    • Vaulted Ceiling(s)

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Property

    • Levels: Two

    • Exterior Features: Private Yard / Sliding Doors / Storage

    Lot

    • Lot: 0.28 Acres

    Other Property Information

    • Parcel Number: 412031478002

    • Zoning: BBI

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Available

    • Electricity Connected

    • Water Connected

  • Other financial information

    • HOA: $60

    • HOA Frequency: Annually

    • Annual tax amount: $15,032

  • Source details

    • MLS ID: D6146695

    Other facts

    • Construction Materials: Wood Frame / Wood Siding

    • Foundation Details: Stilt/On Piling

    • Laundry Features: Inside

    • Lot Features: In County / Irregular Lot / Oversized Lot

    • Patio And Porch Features: Covered / Deck

    • Direction Faces: Northeast

    • Architectural Style: Florida

    • Waterfront: Yes

    • Water Body Name: YACHT BASIN- LEMON BAY

    • Living Area: 1839

    • Water Source: Public

    • Lot Size Dimensions: 53.5 x 125 x 126 x 125

    • Subdivision Name: PALM ISLAND ESTATES 3RD ADD

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: TARPON REAL ESTATE, INC.