For sale Home

Listed Oct 1, 2026

$2,495,000 Est. $16,502/mo

63 Palm Drive

  • 4

    Beds

  • 4

    Baths

  • 3,294

    Sq ft

The story

  • Pool
  • Waterfront

PRIVATE ISLAND LIVING WITH WATERFRONT ACCESS & INCOME POTENTIAL! Welcome to Palm Island, where life moves at a different pace. Accessible by ferry or private boat, this exceptional waterfront residence offers a rare opportunity to own a piece of one of Florida’s most secluded coastal settings. Positioned along a Deep Canal with direct access to the Intracoastal Waterway and Gulf of Mexico (No Bridges), the property blends boating convenience, privacy, and an unmistakable sense of escape. Built with durable concrete block construction, this is one of the few homes on Palm Island offering this level of structural integrity. The residence has been extensively renovated with quality upgrades and contemporary finishes, creating a turnkey environment equally suited to full-time living, vacation use, or investment. The spacious interior features 4 Bedrooms, 2 Full and 2 Half Baths, complemented by updated flooring and a fresh coastal aesthetic. At the heart of the home, the beautifully renovated kitchen pairs granite countertops, custom wood cabinetry, stainless-steel appliances and an upgraded center island—an inviting gathering place before heading out for another day on the water. Outside, the experience becomes distinctly resort-like. A private pool is surrounded by expansive terraces designed for entertaining, relaxing and taking in the panoramic waterfront surroundings. The property’s boating amenities are equally impressive, featuring a 16,000-lb. boat lift and brand-new jet ski lift, making access to the waterways effortless. And when the Gulf calls, a private beach just moments away provides the perfect setting for paddleboarding, kayaking, fishing or simply enjoying the quiet beauty of the coast. Additional features include Newer high-efficiency A/C systems and an ELEVATOR providing convenient access throughout the home. **A RARE INCOME OPPORTUNITY** Beyond its lifestyle appeal, this property offers an attractive rental opportunity. The current owners have successfully generated up to $850 per night in rental revenue. With no HOA fees and no minimum rental restrictions, the property offers flexibility rarely found in a private island setting. Continue the established rental model, use it as a vacation property, or enjoy the flexibility of combining personal use with income generation. An adjacent lot is also available for purchase, creating an unusual opportunity to expand the property, add a guest residence, or establish a larger private compound. From morning coffee overlooking the canal to afternoons spent on the Gulf, this is more than a waterfront home—it is an invitation to embrace a distinctly different way of living. Private, peaceful and surrounded by water, Palm Island offers the rare combination of seclusion, recreation and investment potential. COME DISCOVER YOUR OWN PRIVATE CORNER OF THE GULF COAST!

Facts & features

Home type

Home

Year built

2008

Floors

2

Price per sq ft

$757

Parking

1-car garage

Included features

  • Pool

    Yes

  • Cooling

    Central Air, Zoned

  • Heating

    Electric

  • Appliances

    Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Washer, Water Filtration System

  • Flooring

    Luxury Vinyl, Tile, Wood

  • Roof

    Tile

  • Lot Information

    Landscaped, Level

  • Exterior

    Balcony, Lighting, Outdoor Shower, Rain Gutters, Storage

  • Water Source

    Public

  • Sewer

    Septic Tank

  • View

    Water

Mortgage calculator

Estimated monthly payment

$16,502 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $13,279
  • Property tax $2,495
  • Insurance $728

Includes principal, interest, taxes & insurance.

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Listing Broker

GENEROUS PROPERTY

Broker Name

GENEROUS PROPERTY

Agent

Mark Lyda