Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

63 PALM DRIVE

House For Sale
$2,495,000

BTC: 29.70238095

ETH: 941.50943396

New
Waterfront
4 bds
2 ba
3,294 sqft

Overview

PRIVATE ISLAND LIVING WITH WATERFRONT ACCESS & INCOME POTENTIAL! Welcome to Palm Island, where life moves at a different pace. Accessible by ferry or private boat, this exceptional waterfront residence offers a rare opportunity to own a piece of one of Florida’s most secluded coastal settings. Positioned along a Deep Canal with direct access to the Intracoastal Waterway and Gulf of Mexico (No Bridges), the property blends boating convenience, privacy, and an unmistakable sense of escape. Built with durable concrete block construction, this is one of the few homes on Palm Island offering this level of structural integrity. The residence has been extensively renovated with quality upgrades and contemporary finishes, creating a turnkey environment equally suited to full-time living, vacation use, or investment. The spacious interior features 4 Bedrooms, 2 Full and 2 Half Baths, complemented by updated flooring and a fresh coastal aesthetic. At the heart of the home, the beautifully renovated kitchen pairs granite countertops, custom wood cabinetry, stainless-steel appliances and an upgraded center island—an inviting gathering place before heading out for another day on the water. Outside, the experience becomes distinctly resort-like. A private pool is surrounded by expansive terraces designed for entertaining, relaxing and taking in the panoramic waterfront surroundings. The property’s boating amenities are equally impressive, featuring a 16,000-lb. boat lift and brand-new jet ski lift, making access to the waterways effortless. And when the Gulf calls, a private beach just moments away provides the perfect setting for paddleboarding, kayaking, fishing or simply enjoying the quiet beauty of the coast. Additional features include Newer high-efficiency A/C systems and an ELEVATOR providing convenient access throughout the home. **A RARE INCOME OPPORTUNITY** Beyond its lifestyle appeal, this property offers an attractive rental opportunity. The current owners have successfully generated up to $850 per night in rental revenue. With no HOA fees and no minimum rental restrictions, the property offers flexibility rarely found in a private island setting. Continue the established rental model, use it as a vacation property, or enjoy the flexibility of combining personal use with income generation. An adjacent lot is also available for purchase, creating an unusual opportunity to expand the property, add a guest residence, or establish a larger private compound. From morning coffee overlooking the canal to afternoons spent on the Gulf, this is more than a waterfront home—it is an invitation to embrace a distinctly different way of living. Private, peaceful and surrounded by water, Palm Island offers the rare combination of seclusion, recreation and investment potential. COME DISCOVER YOUR OWN PRIVATE CORNER OF THE GULF COAST!

Location

Details

Type:
Residential
Parking:
Circular Driveway / Open / Portico / Workshop in Garage
Year Built:
2008
Lot:
0.23 Acres
Heating:
Electric
Price/sqft:
$757
Cooling:
Central Air / Zoned
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$849,450
$657K – $2.1M
Confidence Low
List vs. estimate
$1.6M above estimate
List $2,495,000 · +193.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$757
+157.9% vs. city median $293
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$26,954
2025
Pool
Gunite
View
Water
Waterfront
Waterfront, Canal - Saltwater
Garage
1 car garage
Furnished
Negotiable
Pets
Allowed
All facts and features
  • Flooring

    • Luxury Vinyl

    • Tile

    • Hardwood

    Heating

    • Electric

    Cooling

    • Central Air

    • Zoned

    Appliances

    • Built-In Oven

    • Convection Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Electric Water Heater

    • Exhaust Fan

    • Ice Maker

    • Microwave

    • Washer

    • Water Filtration System

    Other interior features

    • Ceiling Fan(s)

    • Crown Molding

    • Eating Space In Kitchen

    • Elevator

    • High Ceilings

    • PrimaryBedroom Upstairs

    • Solid Surface Counters

    • Solid Wood Cabinets

    • Thermostat

    • Tray Ceiling(s)

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 2

    • Full bathrooms: 2

  • Parking

    • Circular Driveway

    • Open

    • Portico

    • Workshop in Garage

    Property

    • Levels: Two

    • Pool Private: Yes

    • Exterior Features: Balcony / French Doors / Lighting / Outdoor Shower / Rain Gutters / Storage

    Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 412028303001

    • Zoning: RMF-T/MULT

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Electricity Connected

    • Underground Utilities

    • Water Connected

    Green energy

    • Appliances

    • HVAC

    • Thermostat

  • Other financial information

    • Annual tax amount: $26,954

  • Source details

    • MLS ID: A4707092

    Other facts

    • Construction Materials: Block / Concrete / Stucco

    • Foundation Details: Block / Stilt/On Piling

    • Laundry Features: Laundry Chute / Laundry Room

    • Lot Features: Landscaped / Level

    • Patio And Porch Features: Covered / Deck / Front Porch / Patio / Porch / Side Porch / Wrap Around

    • Pool Features: Gunite / Heated / In Ground / Salt Water

    • Direction Faces: Southwest

    • Architectural Style: Mediterranean

    • Waterfront: Yes

    • Water Body Name: T-CANAL

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 3294

    • Water Source: Public

    • Lot Size Dimensions: 80 x 125

    • Subdivision Name: PALM ISLAND ESTATES UN 3

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

New
For Sale
$1,750,000
Condo/Co-op
3 bds · 3 ba · 2,138 sqft
BOCA VISTA HARBOR, PLACIDA
13213 GASPARILLA ROAD UNIT B601
-$500K
For Sale
$1,750,000
House
3 bds · 2 ba · 2,232 sqft
CAPE HAZE RESUB, PLACIDA
600 LOOKOUT ALLEY
-$701K
For Sale
$2,599,000
House
3 bds · 3 ba · 4,460 sqft
EAGLE PRESERVE ESTATES UN 02, ENGLEWOOD
10161 EAGLE PRESERVE DRIVE
For Sale
$1,750,000
Lots/Land
3.18 acres
CAPE HAZE EAST SE, PLACIDA
8625 PLACIDA ROAD

Market around this address

Live counts in the same area.
View all

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: GENEROUS PROPERTY