Residential

155 Palo De Oro Drive, Upper Matecumbe Key Islamorada

$4,900,000.00

Bedroom 3 bedrooms
Full Bathroom 3 full baths
Half Baths 1 half baths

  • MLS #: 620441
  • Address: 155 Palo De Oro Drive, Upper Matecumbe Key Islamorada, FL 33036
  • Date Listed: 6/29/2026
  • Days on Market: 2
  • SQFT: 5559
  • Acres: 0.23
  • Restrictions: No
  • Subdivision: Venetian Shores (86.0)

Location Location

Agent Comments Agent Comments
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.

Amenities Amenities
  • No Appliances

Interior Features Interior Features
  • Cool System: Central Air
  • Heat System: Central
  • Floors: Concrete

Exterior Features Exterior Features
  • Parking: Off Street
  • Roof: Concrete
  • Pool: Yes
  • Exterior: Gazebo

Additional Features Additional Features
  • County: Monroe
  • Property Type: Single Family Residence
  • Tax Number: 00407370-000000
  • Waterfront Features: Canal Front
  • Water/Sewer: FKAA, Municipal Sewer, Propane
  • Year Built: 2027