$3,100,000
Active7394 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 offerStarting 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
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7394 Palm Island Dr, Placida, FL 33946
Listing courtesy of MICHAEL SAUNDERS & COMPANY · MLS# D6148065 · Active
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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