155 Palo De Oro Drive, Upper Matecumbe Key Islamorada, FL 33036

$4,900,000

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Property Type: Residential Bedrooms: 3 Baths: 5 Square Footage: 5,559 Lot Size (sq. ft.): 9,998 Status: Active

Current Price: $4,900,000 List Date: 6/29/2026 Last Modified: 7/01/2026

Overview

Description

An Unfinished Masterpiece Awaits in the prestigious **Venetian Shores**, one of Islamorada's most desirable waterfront communities, known for its deep-water canals and quick access to both the Florida Bay and the Atlantic Ocean via Snake Creek. This extraordinary opportunity allows you to complete what was envisioned as one of the Florida Keys' most premier luxury estates. 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, providing an exceptional foundation for your dream home. Designed with **5,559 square feet of air-conditioned living space**, the residence offers an ideal blend of luxury and boating lifestyle. The first level includes **1,467 square feet** of living space, an oversized **897-square-foot garage**, and plans for an expansive entertainment area, fishing gear room, and direct waterfront access. The second level features **2,361 s ... (Read more)

Listing Details MLS# 620441

Location, Tax & Legal

Street #: 155
Street Name: Palo De Oro
Street Suffix: Drive
Key/Island: Upper Matecumbe Key Islamorada
State/Province: FL
Zip Code: 33036
County: Monroe
Subdivision: Venetian Shores (86.0)
Area: 25 - Plantation Key
City: ISLAMORADA
Off Shore Island: No
Mile Marker: 86
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE,AE
Alternate Key #: 1499561
Parcel #: 00407370-000000
Zoning: R1 - Residential Single Family
Deed Restrictions: No
Legal: BK 11 LT 15 VENETIAN SHORES PLAT NO 2 PLANTATION KEY PB4-33 OR504-833 OR1448-835 OR1795-14 OR2178-151 OR2178-153 OR2682-
Taxes: 5796.78
Tax Year: 2025
Pub Sewer HkUp: No

Contract Information

Listing Board: Florida Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No

General Property Description

Realtor.COM Type: Residential - Single Family
Style: Single Family
Waterfront: Yes
Control Depth: 6
Pool: Yes
Year Built: 2027
Lot SqFt: 9998
Lot Sqft Source: Property Data Card
Acres: 0.23
Living Apx SqFt: 5559
SqFt Source: Builder/Architect
Total Bedrooms: 3
Full Baths: 4
Half Baths: Yes
Total Baths: 5
Rentals Allowed: With Restrictions

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No
Association Fee $: 0

Dockage

Dock Length: 100
Dock: Concrete
Dock Permit: Yes
Seawall: Concrete
Boat Lift: Yes

More Information

Building Style

Above Flood: Yes

Vehicle Storage

Car(s): 4+
Garage: Yes
Off Street Parking: Yes

Financial Status

Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes

Remarks & Misc

Remarks – Consumer: An Unfinished Masterpiece Awaits in the prestigious **Venetian Shores**, one of Islamorada's most desirable waterfront communities, known for its deep-water canals and quick access to both the Florida Bay and the Atlantic Ocean via Snake Creek. This extraordinary opportunity allows you to complete what was envisioned as one of the Florida Keys' most premier luxury estates. 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, providing an exceptional foundation for your dream home. Designed with **5,559 square feet of air-conditioned living space**, the residence offers an ideal blend of luxury and boating lifestyle. The first level includes **1,467 square feet** of living space, an oversized **897-square-foot garage**, and plans for an expansive entertainment area, fishing gear room, and direct waterfront access. The second level features **2,361 square feet** of living space plus over **1,100 square feet of covered porches**, with plans for three spacious guest suites, each with a private bath, a half bath, laundry room, chef's kitchen, and open-concept living area. The entire third floor is dedicated to the **1,731-square-foot primary retreat**, designed with ocean views, a spa-inspired bath, oversized custom closet, executive office, and private covered porch. An elevator shaft is already in place for easy access to every level. Plans also include a canal-front pool and cabana overlooking Snake Creek Bridge. With a concrete dock, 100 feet of waterfront, deep-water boating, and one of the Keys' finest locations, this property offers the rare opportunity to complete a truly remarkable custom estate while selecting every finish to reflect your own vision. Property is being sold as is. Some images are AI computer generated to show future potential.

Fee Includes

None: Yes

Tax Exemptions

None: Yes

Appliances

No Appliances: Yes

Pets

Pets Allowed: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Waterfront

Canal Front: Yes

Waterview

Canal View: Yes
Ocean View: Yes

Floor

Concrete: Yes

Property Condition

New Construction: Yes

Windows/Doors

Impact Rstnce Doors: Yes
Impact Rstnce Window: Yes

Security

No Security: Yes

Construction

CBS: Yes
Concrete: Yes

Land Size

Less Than 1/4 Acre: Yes

Furnished

Unfurnished: Yes

Terms

Cash: Yes
No Seller Finance: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes
Municipal Sewer: Yes
Propane: Yes

Title

Title Ins - Buyer: Yes

Exterior Features

Gazebo: Yes

Pool Info

In Ground: Yes

Roof

Concrete Roof: Yes

GF-Interior Features

LED Lighting: Yes

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Canal Front Waterview: Canal View; Ocean View Dockage: Boat Lift Property Condition: New Construction Vehicle Storage: Garage; Off Street Parking Furnished: Unfurnished Cooling: Central Air Heating: Central Utilities: Buyer to Verify; FKAA; Municipal Sewer; Propane Appliances: No Appliances Exterior Features: Gazebo Pool Info: In Ground Construction: CBS; Concrete Floor: Concrete Roof: Concrete Roof Pets: Pets Allowed Security: No Security Land Size: Less Than 1/4 Acre Terms: Cash; No Seller Finance Title: Title Ins - Buyer GF-Interior Features: LED Lighting

Listing Office: RE/MAX All Keys Real Estate

Last Updated: July - 01 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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