51 PALM DRIVE, Placida, FL, 33946 | $995,000

Welcome to 51 Palm Drive located on beautiful Palm Island, Florida. This waterfront island home offers the ultimate in coastal living, combining direct Gulf access, stunning sunset views, and the privacy of a barrier island lifestyle with over seven miles of pristine sandy beaches just moments away.

Situated on an oversized corner lot, this 3-bedroom, 2-bath residence features a private dock on a saltwater canal with no bridges to the Gulf of Mexico—a true boater’s dream. Enjoy effortless days on the water with quick access to world-class fishing, boating, and island hopping.

Inside, the home showcases an open-concept floor plan designed for relaxed coastal living, with a spacious great room, beautiful Spanish tile and wood flooring, and warm knotty pine walls and ceilings that create a classic island feel. The remodeled kitchen is both stylish and functional, featuring granite countertops, stainless steel energy-efficient appliances, under-cabinet lighting, wine rack, and a granite topped kitchen island perfect for entertaining.

Wake up to Gulf views and breathtaking sunsets from the top-floor primary suite, complete with a beautifully updated travertine bathroom, dual vanities, garden tub and a rain shower. Outdoor living is just as inviting with a screened second-floor porch, fire pit, a charming hexagon deck nestled among mature palms, and lush Florida-friendly landscaping.

Additional features include a metal roof with radiant barrier, 15 SEER Trane A/C system with UV light and connection to public water and cable—offering comfort, efficiency, and peace of mind.

With ample room to add a pool and positioned as one of the best values for a 3-bedroom waterfront home with direct Gulf access on Palm Island, this property is ideal as a full-time residence, vacation home, or investment opportunity.

Experience the beauty of Palm Island living—where nature, tranquility, and coastal luxury come together.

Features

  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 53.5 x 125 x 126 x 125
  • Laundry: Inside
  • Style: Florida
  • Year Built: 1992
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,839
  • Acreage: 0.28
  • Lot Size: 53.5 x 125 x 126 x 125
  • Est. Taxes: $15,032
  • HOA Fee: $60 Annually
  • Lot Desc: In County, Irregular Lot, Oversized Lot
  • View: Water
  • Elem. School: Vineland Elementary
  • Middle School: L.A. Ainger Middle
  • High School: Lemon Bay High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: D6146695
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/D6146695/51palmdrive_placida_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 4/19/2026 9:36:17 AM)
Listing courtesy of TARPON REAL ESTATE, INC.   Phone: 941-697-7575

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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51 PALM DRIVE, Placida, FL, 33946

$995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $796,000 $796,000 $796,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.000% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.251% 6.110% 6.097%
Monthly Tax Payment $1,253 $1,253 $1,253
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,645 $4,772 $6,663
Total Monthly Payment $5,990 $6,117 $8,008

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.