Tropical Luxury meets Coastal Living in the heart of Key Largo! Welcome to 4 Palmas, your custom-built waterfront paradise! This stunning 2-story residence, built in 2016, was thoughtfully designed for privacy, comfort & entertaining.Boasting 3,224 sqft of interior living space, this home features 5 spacious bedrooms, highlighted by 2 expansive primary suites, 1 on each level & each featuring an en-suite bathroom & oversized walk-in closets. A total of 4 full bathrooms & 1 half bath, thoughtfully distributed for comfort & convenience. With 3 distinct living rooms, 2 indoors & 1 under the covered patio & two bars, the good times never end! The open-concept living spaces flow seamlessly into approximately 2,445 sqft of outdoor living space, which includes a covered outdoor patio with a full kitchen & grills, a heated pool & spacious deck. With a combined total of 5,669 sqft, there is no shortage of space for family & friends to enjoy unforgettable gatherings or simply relax & experience the true laid-back Florida Keys island life. A short stroll leads to your 50 foot dock nestled along a wide canal which offers effortless boat access & quick navigation to the open ocean, putting world-class fishing, diving, & snorkeling just minutes away. Easily launch a kayak from the convenient floating dock & explore the tranquil mangroves of nearby John Pennekamp State Park & experience the unmatched natural beauty of this unique coastal sanctuary. Easily access our beautiful Florida Bay via nearby Adams Cut. Additional highlights include an elevator, 4 balconies, ample downstairs storage for all your water toys & an outdoor shower. 4 Palmas was modernly constructed, built to withstand a CAT 5 hurricane & features complete impact windows & doors, & a metal roof. Whether you're looking for a dream home, a vacation getaway, or a high-demand rental property, this one checks every box. Don't miss your chance to own a slice of paradise on the ocean side of Key Largo!
New construction
Price cut: $180K (10/24)
$2,500,000
117 La Paloma Rd, Key Largo, FL 33037
5beds
3,224sqft
Est.:
Single Family Residence
Built in 2016
7,405.2 Square Feet Lot
$-- Zestimate®
$775/sqft
$-- HOA
What's special
Custom-built waterfront paradiseHeated poolEn-suite bathroomMetal roofSpacious deckAmple downstairs storageOutdoor shower
- 226 days |
- 508 |
- 18 |
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 04:38am
Listed by:
Daniel Diaz 305-495-8138,
Midtown Realty International
Source: FLKMLS,MLS#: 614995
Originating MLS: Florida Keys
Originating MLS: Florida KeysTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Central
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Ice Machine, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Features
- Built-in Cabinets, Quartz Countertops, Tray Ceiling(s), Bar, Walk-In Closet(s), Storage, Elevator, Pantry, Wet Bar, Media Room, Other Specialty Room, Utility Room, Sun/Florida Room
- Flooring: Tile
- Doors: Impact Rstnce Doors
- Windows: Drapes/Blinds Incl, Window Treatments, Impact Rstnce Window
Interior area
- Total interior livable area: 3,224 sqft
Property
Parking
- Total spaces: 4
- Parking features: Trailer Storage
Accessibility
- Accessibility features: Yes, Accessible Full Bath, Accessible Elevator Installed, Accessible Doors
Features
- Levels: 3 Stories,Multi/Split
- Stories: 3
- Patio & porch: Deck
- Exterior features: Bar, Storage, Outdoor Shower, Outdoor Kitchen, Lighting, Rain Gutters, Built-in Barbecue
- Has private pool: Yes
- Pool features: Heated, Above Ground, Decked, Fiberglass
- Fencing: Privacy,Fenced
- Has view: Yes
- View description: Canal, Water
- Has water view: Yes
- Water view: Canal,Water
- Waterfront features: Canal Front, Waterfront, Dock: Composite, Dock Length: 50
Lot
- Size: 7,405.2 Square Feet
- Features: Less Than 1/4 Acre
Details
- Additional structures: Workshop
- Parcel number: 00547050000000
- Zoning: IS
- Zoning description: Improved Subivision District
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Metal
Condition
- New Construction,Updated/Remodeled
- New construction: Yes
- Year built: 2016
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Cable Available, Buyer to Verify
Green energy
- Energy efficient items: Thermostat, Lighting
Community & HOA
Community
- Security: Smoke Detector(s), Security System, On Premises System, Other
- Subdivision: Winston Waterway (102.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $775/sqft
- Tax assessed value: $1,339,202
- Annual tax amount: $10,036
- Date on market: 5/12/2025
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2025 | Price change | $2,500,000-6.7%$775/sqft |
Source:  Key West AOR #614995 Report a problem | ||
| 8/14/2025 | Price change | $2,680,000-6%$831/sqft |
Source:  FLKMLS #614995 Report a problem | ||
| 6/12/2025 | Price change | $2,850,000-5%$884/sqft |
Source: Key West AOR #614995 Report a problem | ||
| 5/12/2025 | Listed for sale | $3,000,000+1352.8%$931/sqft |
Source: FLKMLS #614995 Report a problem | ||
| 7/2/2014 | Sold | $206,500-8.2%$64/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,017 -10.2% | $1,057,410 -5.3% |
| 2024 | $10,036 +6.6% | $1,116,216 +10% |
| 2023 | $9,418 +11.6% | $1,014,742 +10% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$15,131/mo
Principal & interest
$12548
Property taxes
$1708
Home insurance
$875
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 3.1 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 11.5 mi
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