$4,500,000
Price decreased by $400,000 on Aug 14, 2026

Single Family Residence In Upper Matecumbe Key Islamorada

  • 3 Beds
  • 5 Baths
  • 5,559 Sqft
  • 10,019 Sqft lot
  • Updated: August 14
  • 14
    Views for last 30 days
  • 3
  • Source:
    Florida Keys Board of REALTORS  MLS#620441

About the Property

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
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.

Property is being sold as is. Some images are AI computer generated to show future potential.
  • Property type

    House

  • Year built

    2027

  • Price/sqft

    $809

Features

  • Waterfront
  • Pool
  • Water View
  • Garage
  • Ocean View
  • Elevator
  • Office
  • Laundry Room

Explore the Area

155 Palo De Oro Drive, Islamorada, Florida, United States View on Google Maps
Price per sqft
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RE/MAX All Keys Real Estate - Key Largo

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RE/MAX All Keys Real Estate - Key Largo
Florida, United States
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14
Listings
2026
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RE/MAX All Keys Real Estate - Key Largo
Key Largo, Florida, United States
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Last updated
August 14
First listed
Jun 30
Listing reference
620441
Listing status
Active under contract
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