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Lasbury Tracy Realty Inc
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$3,100,000

Active

7394 Palm Island Dr, Placida, FL 33946

6 beds · 5.5 baths · 4,612 sq ft

Listing courtesy of MICHAEL SAUNDERS & COMPANY · MLS# D6148065

75 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this home

What’s special

  • Gulf of Mexico frontage
  • Private gated resort
  • Car ferry access only
  • Golf cart community
  • Custom tilework
  • Turret spaces
  • Ground floor flex space

AI-selected highlights from the listing description below.

Set directly on the Gulf of Mexico within the private, gated Palm Island Resort, this custom built coastal estate offers 6 bedrooms, 5.5 baths, and more than 4,600 sq ft of air conditioned living space—surrounded by breathtaking water views from both the Gulf and Lemon Bay. Recently refreshed with a 2026 exterior remodel, the home blends timeless architecture with the relaxed elegance of true island living. Accessible only by car ferry or private boat, Palm Island feels wonderfully removed from the mainland—quiet, natural, and reminiscent of a Caribbean island from decades past. Inside the resort, life shifts to golf cart only, whether you bring your own or call upon the bellman for concierge service. The island’s only restaurant sits just moments away, and 24 hour security watches over the community, even though only the sea turtles are up at night, nesting quietly under the moonlight. It’s a place where you truly leave your worries in the parking lot and step into perfect, uncomplicated paradise. Upon entering the home, you’re immediately drawn toward its most unforgettable feature—a sweeping expanse of Gulf water that fills the great room with shimmering light. The first floor offers generous living space with multiple sitting areas, a gas fireplace, dining, kitchen, utility room, two ensuite bedrooms, and a half bath. Warm wood floors anchor the main living areas, while the bedrooms feature soft carpeting and the bathrooms showcase distinctive custom tilework—details that quietly reflect the home’s custom design and the care that went into every element. Upstairs, four additional bedrooms include two Gulf front suites, each with window wrapped turret spaces rising to sculpted wood plank ceilings and capturing the horizon in unforgettable ways. Below the elevated living level, a full open ground floor offers secure golf cart parking, storage, and flexible space ready to be built out to suit your vision. Loved by one family and ready for another, this Gulf front sanctuary offers privacy, beauty, and a lifestyle found in only a few rare corners of the country—peaceful, natural, and beautifully unhurried.

Facts

Property type
Single Family Residence
Year built
2001
Bathrooms
5 full, 1 half
Living area
4,612 sqft
Lot size
0.24 acres
Waterfront
Yes · 70 ft
Water access
Beach, Gulf/Ocean
Water view
Yes
Private pool
No
Exposure
Northeast
Furnished
Negotiable
Flood zone
VE
CDD
No
55+ community
No
Annual taxes
$28,737/yr
Monthly fees
$538/mo
Listed
Jul 10, 2026
MLS #
D6148065

Virtual tour

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Estimate the monthly payment

Estimate by Lasbury Tracy Realty — not a loan offer

Starting figures for 7394 PALM ISLAND DR. Everything below is editable.

AssumptionNot a quoted rate. Ask a lender what you actually qualify for today.

From this listingThe seller's most recent annual tax bill as reported to the MLS. Your bill will differ — Florida reassesses on sale and homestead caps reset.

Editable estimateA placeholder, not a quote. On the Gulf Coast this is the line item most likely to be wrong: premiums swing on roof age, wind mitigation, elevation, and carrier appetite. Get a real quote before you rely on this number.

Starts at $0Deliberately zero until you enter a figure — we will not inflate a payment with a guess. Many homes here need it; ask us for the property's flood zone and the current policy's premium.

From this listingMonthly association fee as reported to the MLS. Confirm what it includes, and ask about special assessments.

AssumptionNot applied — your down payment is 20% or more.

Estimated total monthly payment

$21,191

$15,675 of that is principal & interest. 26% is taxes, insurance and fees — which is why those inputs matter more here than the rate does.

Principal & interest
$15,675
Property taxes
$2,395
Homeowners insurance
$2,583
Flood insurance
$0
HOA / condo fees
$538
Mortgage insurance (PMI)
$0
Total per month
$21,191

Over the life of the loan

Loan amount
$2,480,000
Down payment
$620,000
Total interest
$3,163,103
Principal + interest paid
$5,643,103
Paid off in
2056

Interest is the exact schedule total for a fixed-rate loan held to term and assumes no extra payments. Taxes, insurance and fees are not included in these lifetime figures because they change every year.

Calculated on this page from the figures above — nothing is sent anywhere and no lender is quoting you. Figures are estimates for planning only, not a pre-approval, commitment to lend, or a statement of the taxes and insurance you will actually be charged. Lasbury Tracy Realty Inc. is a real estate brokerage, not a lender or an insurance agent.

Take a tour

Pick a day that suits you — a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

7394 Palm Island Dr, Placida, FL 33946

Listing courtesy of MICHAEL SAUNDERS & COMPANY · MLS# D6148065 · Active

How would you like to see it?
Which day?
What time of day?

In person · Thu, Oct 29 · Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this home is

Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

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Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 8:57 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. · [email protected]