Sarasota's Premier Homes

Mediterranean

63 PALM DRIVE

PLACIDA, FL 33946

MLS#: N6138903

$1,940,000

Status: Active
Listing number: N6138903
Listing provided by: MEDWAY REALTY
Listing agent phone: None
Last update: a day ago
On site: 1 year, 17 days ago
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PALM ISLAND ESTATES UN 3 - Residential

Property

Beds

4

Full Baths

2

1/2 Baths

2

Year Built

2008

Sq.Footage

3,294

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.

Features & Amenities

Interior

  • Other Interior Features

    Elevator, Crown Molding, Eat-in Kitchen, High Ceilings, Tray Ceiling(s), Walk-In Closet(s)

  • Total Bedrooms

    4

  • Bathrooms

    2

  • 1/2 Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air, Zoned

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    Cats OK, Dogs OK, Yes

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Block, ICFs (Insulated Concrete Forms), Stucco

  • Other Exterior Features

    Balcony, Lighting, Outdoor Shower, Rain Gutters, Storage, Dock

  • Parking

    Circular Driveway, Open, Workshop in Garage, Attached

  • Patio and Porch Features

    Covered, Deck, Front Porch, Patio, Porch, Side Porch, Wrap Around

  • Pool

    Yes

  • Pool Features

    Gunite, Heated, In Ground, Salt Water, Private

  • Waterfront YN

    YES

  • View

    Canal, Water

Area & Lot

  • Lot Features

    Waterfront

  • Lot Size(acres)

    0.23

  • Lot Size(square feet)

    10000.0

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Mediterranean

Price

  • Sales Price

    $1,940,000

  • Tax Amount

    $31,677

  • Sq. Footage

    3, 294

  • Price/SqFt

    $588

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    Lemon Bay High

Property Features

  • Stories

    2

  • New Construction

    NO

  • Foundation Details

    Block

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Septic Tank

  • Tax Lot

    23

  • Water Source

    Public

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Location

County

Charlotte

Elementary School

Middle School

High School

Lemon Bay High

Listing Courtesy of Magdalena Lewicki , MEDWAY REALTY

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Agent Michael Graf

Business Coach | Executive Sales Associate | Realtor®

Michael Graf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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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.

63 PALM DRIVE

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