155 Palo De Oro Drive
Upper Matecumbe Key Islamorada, FL 33036
MLS# 620441
3 beds | 4 baths | 5559 sqft
Property DescriptionAn 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.
Listing Board: Florida Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Current Price: $4,900,000
Listing Date: 2026-06-29
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
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
Realtor.COM Type: Residential - Single Family
Waterfront: Yes
Control Depth: 6
Lot Size: 100 X 100
Lot Sqft Source: Property Data Card
Acres: 0.23
SqFt Source: Builder/Architect
Rentals Allowed: With Restrictions
Style: Single Family
Year Built: 2027
Living Apx SqFt: 5559
Total Bedrooms: 3
Full Baths: 3
Half Baths: 1
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.
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Dock Length: 100
Dock: Concrete
Boat Lift: 1
Dock Permit: Yes
Canal View: 1
Ocean View: 1
Impact Rstnce Doors: 1
Impact Rstnce Window: 1
Cash: 1
No Seller Finance: 1
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Propane: 1
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Waterview: Canal View; Ocean View
Property Condition: New Construction
Vehicle Storage: Garage; Off Street Parking
Utilities: Buyer to Verify; FKAA; Municipal Sewer; Propane
Appliances: No Appliances
Exterior Features: Gazebo
Construction: CBS; Concrete
Land Size: Less Than 1/4 Acre
Terms: Cash; No Seller Finance
GF-Interior Features: LED Lighting
Listing Office: RE/MAX All Keys Real Estate
Last Updated: June - 29 - 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.