305-609-4190
155 Palo De Oro Dr, Islamorada FL 33036
Active Single Family Residence Waterfront

155 Palo De Oro Dr, Islamorada FL 33036

Islamorada, FL, 33036

$4,500,000

Est. $22,754/mo (20% down)

4
Beds
5.5
Baths
Sq Ft
2026
Year Built
Lot Sq Ft
2
Garage

Photo Gallery (44 photos)

About This Property

An unfinished masterpiece awaits in prestigious Venetian Shores, one of Islamorada’s most desirable waterfront communities with deep-water canals and quick access to Florida Bay and the Atlantic Ocean via Snake Creek. Elevated above flood on 100 feet of canal frontage, this solid concrete home features a striking concrete roofline and nearly all impact-rated windows and doors already installed. Designed for 5,559 sq. ft. of air-conditioned living space, the plans include a 1,467 sq. ft. first level, 897 sq. ft. garage, entertainment area, fishing gear room and direct waterfront access. The second level offers 2,361 sq. ft. plus over 1,100 sq. ft. of covered porches, with plans for three guest suites, chef’s kitchen, laundry and open living area. The 1,731 sq. ft. third floor is dedicated to the primary retreat with ocean views, spa bath, custom closet, office and private porch. An elevator shaft is in place, with plans for a canal-front pool and cabana. Concrete dock, 100 feet of waterfront and exceptional boating access. Sold as-is. Some images are AI-generated to show future potential.

Property Details

MLS #

A12077983

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

2026

Pool

No

Waterfront

Yes

HOA Fee

None

Est. Insurance

$1,500/mo

Tax Year

2025

Tax Amount

$5,797

Garage

2 Car

Lot Size

MLS Area

Venetian Shores No 2

Subdivision

VENETIAN SHORES NO 2

Mortgage Calculator

Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$31,500
Est. Monthly Rent
1.7%
Cap Rate
8.4%
Cash-on-Cash
$75,353
Net Operating Income

ROI Projections (4% Annual Appreciation)

150%
5-Year ROI
Value: $5,474,938
324%
10-Year ROI
Value: $6,661,099
526%
15-Year ROI
Value: $8,104,246

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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