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331 BOCILLA DRIVE

House For Sale
$799,999

BTC: 13.67519658

ETH: 501.66427331

-$195K (2026/06/08)
257 days
Waterfront
2 bds
2 ba
1,120 sqft

Overview

This Key West Style Home offers 2 bedrooms with 2 baths and is a great value with premium features for waterfront living on Palm Island. This home is situated on Bocilla Lagoon which is a 300 ft waterway with access to the ICW and The Gulf of Mexico. Exterior features of this property are a private dock and 10,000l# boat lift (installed in 2024), irrigation well, recently painted, hurricane shutters, septic (installed in 2021), large 1,480 sf open deck with a pergola. Complete outdoor shower facility and there's room for a pool. Enter into the spacious living area thru 6x12' pocketing sliders, you will immediately notice the vaulted ceilings and large open floor plan as well as the same tile flooring throughout the entire home. The interior of the home is nearly painted with the same neutral color throughout plus new window treatments and all new matching contemporary fans. The kitchen has wooden cabinets with soft close drawers and doors, quartz countertops and stainless-steel appliances and sink. The spacious primary bedroom is an ensuite. For those relaxing sunset evenings, there is a 10x28' covered, screened and carpeted lanai located waterside. Located on the ground level is a LG air-conditioned bonus room,(270 sf) with new sliding and 2 passage doors, as well as new windows and treatments. The separate laundry room (180 sf) has a washer and dryer (2024), hot water heater (2025) as well as an adjacent storage room. Ground level rooms have new vinyl plank flooring. Welcome to Palm Island Living. Seller has installed as of December 2025 a new 3 ton Trane outside condenser as well as an inside air handler. Warranty may be transferrable.

Location

Details

Type:
Residential
Parking:
Covered / Golf Cart Parking / Ground Level / Guest / Under Building
Year Built:
1980
Lot:
0.25 Acres
Heating:
Electric / Exhaust Fan / Wall Units / Window Unit
Price/sqft:
$714
Cooling:
Central Air / Mini-Split Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$249,500
$210K – $964K
Confidence Low
List vs. estimate
$550K above estimate
List $799,999 · +220.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$714
+110.9% vs. city median $338
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$11,598
2024
Waterfront
Lagoon
All facts and features
  • Flooring

    • Tile

    Heating

    • Electric

    • Exhaust Fan

    • Wall Units / Window Unit

    Cooling

    • Central Air

    • Mini-Split Unit(s)

    Appliances

    • Built-In Oven

    • Convection Oven

    • Cooktop

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Freezer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Attic Fan

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Thermostat

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Covered

    • Golf Cart Parking

    • Ground Level

    • Guest

    • Under Building

    Property

    • Levels: One

    • Exterior Features: Balcony / Gray Water System / Hurricane Shutters / Outdoor Grill / Outdoor Shower / Rain Gutters / Sliding Doors / Storage

    Lot

    • Lot: 0.25 Acres

    Other Property Information

    • Parcel Number: 412033401007

    • Zoning: BBI

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Connected

    • Fire Hydrant

    • Phone Available

    • Public

    • Underground Utilities

    • Water Connected

  • Other financial information

    • Annual tax amount: $11,598

  • Source details

    • MLS ID: D6144207

    Other facts

    • Construction Materials: Wood Frame / Wood Siding

    • Foundation Details: Stilt/On Piling

    • Laundry Features: Electric Dryer Hookup / Inside / Laundry Room / Washer Hookup

    • Direction Faces: East

    • Architectural Style: Coastal / Elevated / Key West

    • Waterfront: Yes

    • Water Body Name: BOCILLA LAGOON

    • Living Area: 1120

    • Water Source: Public

    • Lot Size Dimensions: 80 x 135

    • Subdivision Name: PALM ISLAND ESTATES UN 4

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: MICHAEL SAUNDERS & COMPANY