5 Palm Drive, Key Largo, FL 33037 (MLS# 612852)

5 Palm Drive, Key Largo, FL 33037

$985,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,051 Lot Size (sq. ft.): 24,583 Status: Closed

Current Price: $985,000 List Date: 12/29/2024 Last Modified: 4/25/2025

Description

GREAT VALUE in this 4 car garage, screened pool and CBS home in popular Gulfstream Shores. This remarkable ground-level home spans three lots in a coveted area of north Key Largo. The spacious residence features a layout designed for both comfort and entertainment. A split floorplan offers a primary suite on the West wing of the home and secondary bedrooms on the other side with the kitchen in the center as the heart of the home. The home is characterized by its solid concrete construction, offering durability and peace of mind. Conveniently attached is a 2 car garage, with an additional detached 4 car garage providing ample storage space for vehicles or vessels. For relaxation and recreation, a screened-in pool enhances the outdoor living experience with minimal upkeep. Located just a short stroll from the oceanfront homeowner's park, residents can enjoy access to a private boat ramp and exceptional boating opportunities. Gulfstream Shores is ideally situated, offering a tranquil lifestyle just a short drive from Miami and the prestigious Ocean Reef Club. Discover the perfect blend of coastal living and modern comfort.

More Information MLS# 612852

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $985,000 Listing Date: 2024-12-29 Sold Price: $985,000

Location, Tax & Legal

City: KEY LARGO Off Shore Island: No Mile Marker: 108 Marathon Neighborhood: N/A Side: Ocean Flood Zone: 0.2 PCT ANNUAL CHANC Alternate Key #: 1692042 Handicap Access: No Zoning: IS - Improved Subivision District Deed Restrictions: Unknown Legal: GULFSTREAM SHORES PB3-61 KEY LARGO LOTS 1-3 BK 1 OR59-17/18 OR500-901 OR755-1296 OR755-1297 OR812-2076 OR842-2140 OR846 Taxes: 4477.33 Tax Year: 2023 Pub Sewer HkUp: Yes Street #: 5 Street Name: Palm Street Suffix: Drive Key/Island: Key Largo State/Province: FL Zip Code: 33037 County: Monroe Subdivision: Gulfstream Shores (KL) (905.0) Area: 28 - Key Largo N of MM 107 Incl Ocean Reef

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot SqFt: 24583 Pool: Yes Lot Sqft Source: Property Data Card Total Units: 0 Acres: 0.56 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 28 Style: Single Family Year Built: 1997 Living Apx SqFt: 2051 Total Bedrooms: 3 Full Baths: 2 Total Baths: 2

Remarks & Misc

Remarks – Consumer: GREAT VALUE in this 4 car garage, screened pool and CBS home in popular Gulfstream Shores. This remarkable ground-level home spans three lots in a coveted area of north Key Largo. The spacious residence features a layout designed for both comfort and entertainment. A split floorplan offers a primary suite on the West wing of the home and secondary bedrooms on the other side with the kitchen in the center as the heart of the home. The home is characterized by its solid concrete construction, offering durability and peace of mind. Conveniently attached is a 2 car garage, with an additional detached 4 car garage providing ample storage space for vehicles or vessels. For relaxation and recreation, a screened-in pool enhances the outdoor living experience with minimal upkeep. Located just a short stroll from the oceanfront homeowner's park, residents can enjoy access to a private boat ramp and exceptional boating opportunities. Gulfstream Shores is ideally situated, offering a tranquil lifestyle just a short drive from Miami and the prestigious Ocean Reef Club. Discover the perfect blend of coastal living and modern comfort. Directions: Take Card Sound road towards Ocean Reef you'll see a sign on Palm Drive.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 130 Assoc/Mnt Fee Per: Yearly

Fee Includes

Common Area Mnt: 1

Dockage

None: 1

Tax Exemptions

Homestead: 1

Appliances

Dishwasher: 1 Dryer: 1 Freezer: 1 Microwave: 1 Oven: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Tile: 1

Neighborhood Feature

Community Boat Ramp: 1

Interior Features

Built-in Cabinets: 1 Cathedral Ceilings: 1 Entrance Foyer: 1 Split Bedroom: 1 Walk-in Closet(s): 1 Whirlpool Bath Tub: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Unknown Ground Level: 1

Windows/Doors

Single Hung Windows: 1 Sliding Glass Doors: 1

Vehicle Storage

Car(s): 4+ Garage: 1 Open Parking: 1 RV Parking Open: 1 Attached: 1 Detached: 1 Trailer Storage: 1

Security

No Security: 1

Construction

CBS: 1 Concrete: 1

Land Size

1/2 - Less Than 1 AC: 1

Furnished

Unfurnished: 1

Terms

Cash: 1 Conventional: 1 No Seller Finance: 1

Utilities

Buyer to Verify: 1 Cable Available: 1 Cistern: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Screened Patio: 1

Title

Title Ins - Buyer: 1

Exterior Features

Rain Gutters: 1 Storage: 1

Pool Info

In Ground: 1 Other: Chlorine Heated: Yes Concrete: 1 Decked: 1 Screened In: 1

Pre-Wired

Cable: 1

Roof

Shingle Roof: 1

Financial Status

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

Shutters

Accordion: 1 Panel: 1

Status Change Info

Sold Date: 2025-04-25 Sold Price: $985,000 Status: Closed

Property Features

Fee Includes: Common Area Mnt Tax Exemptions: Homestead Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Ground Level Vehicle Storage: Garage; Attached; Detached; Open Parking; RV Parking Open; Trailer Storage Furnished: Unfurnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Buyer to Verify; Cable Available; Cistern; FKAA; Municipal Sewer Interior Features: Built-in Cabinets; Cathedral Ceilings; Entrance Foyer; Split Bedroom; Walk-in Closet(s); Whirlpool Bath Tub Pre-Wired: Cable Appliances: Dishwasher; Dryer; Freezer; Microwave; Oven; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Rain Gutters; Storage Pool Info: In Ground; Concrete; Decked; Screened In Construction: CBS; Concrete Shutters: Accordion; Panel Floor: Tile Roof: Shingle Roof Pets: Pets Allowed Neighborhood Feature: Community Boat Ramp Security: No Security Land Size: 1/2 - Less Than 1 AC Terms: Cash; Conventional; No Seller Finance Title: Title Ins - Buyer

Listing Office: Ocean Sotheby's International Realty

Last Updated: April - 25 - 2025

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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