Welcome to 4 Palmas -- Your Ultimate Key Largo Retreat! Built in 2016, this custom 5BD/4.5BA waterfront home offers over 5,600 sq. ft. of total indoor-outdoor living! Designed for entertaining, the home features two primary suites (one on each level), 3 living rooms, two bars, an elevator, and 4 private balconies. Step outside to your private tropical oasis complete with a heated pool, expansive sun deck, and covered patio featuring a full outdoor kitchen. Boaters will love the 50 ft. dock on a wide canal with quick ocean and bay access, plus a floating dock for easy launching from you kayak, skiff or jet ski. Whether you're looking for a luxury residence, vacation escape, or premium rental property, 4 Palmas has it all!
Single-familyProperty Type
2016Year Built
7,205 sq ftLot Size
$729Price/Sq.Ft.
1 spaceParking
Listed by Danny Diaz• Midtown Realty International
Winston Waterways, located between Card Sound Road and the Overseas Highway, is a canal-front and low-rise Key Largo neighborhood with private docks and mangrove-lined edges. The neighborhood’s character concentrates around the stretch of Overseas Highway near Caribbean Drive, where marinas, bait-and-tackle counters, and open-air seafood patios set a salt-air rhythm. Homes lean coastal-contemporary and Keys cottage styles, with screened porches and boat-ready driveways shaping the streetscape. Water views and short canal runs frame daily routines around paddling, fishing, and sunset cruising. Community touchstones include the Florida Keys Wild Bird Rehabilitation Center, the breezy waterfront tables at The Fish House, and the storied Caribbean Club.
Provided by Walk Score and Local Logic
Offer insights
117 La Paloma Rd · $2,350,000
$2.36M and above
75% chance or better to win
Why $2.36M+ is a strong offer
DAYS ON MARKET
2 days
The average home goes pending in 164 days.
SALE-TO-LIST
94.8%
Most homes are selling 5% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Blinds and impact glass windows
Accessible elevator installed
Furnishing negotiable
Wet bar and bar area
Built-in features and closet cabinetry
Dual sinks
Living/dining room
Sitting area in primary
Shower only in at least one bath
Upper-level primary suite
Walk-in closet(s)
Elevator
Workshop
Storage room
Bedrooms
Primary suite located on upper level
Bathrooms
Four full bathrooms
One half bathroom
Kitchen
Electric range
Dishwasher
Garbage disposal
Microwave
Refrigerator
Freezer
Icemaker
Laundry & utility
Washer and dryer
Electric water heater
Flooring
Tile flooring
Heating & cooling
Central heating
Central air conditioning
Ceiling fan(s)
Exterior features
Deck and patio
Barbecue and outdoor grill
Outdoor shower
Fence
Outdoor lighting
Patio
Security/high-impact doors
Heated private pool with pool equipment
Canal access and canal front with no fixed bridges
Waterfront view
Home design
New construction (effective year built)
Updated/remodeled condition
Raised foundation
Faces northeast
Parking
Driveway
Golf cart garage
Security
Smoke detectors
Construction
Metal roof
Modular/prefab construction
Utilities
Public water
Public sewer
Cable available
Financial info
Pets allowed
Electricity and solar
View estimated energy costs and solar savings for this home
Welcome to 4 Palmas -- Your Ultimate Key Largo Retreat! Built in 2016, this custom 5BD/4.5BA waterfront home offers over 5,600 sq. ft. of total indoor-outdoor living! Designed for entertaining, the home features two primary suites (one on each level), 3 living rooms, two bars, an elevator, and 4 private balconies. Step outside to your private tropical oasis complete with a heated pool, expansive sun deck, and covered patio featuring a full outdoor kitchen. Boaters will love the 50 ft. dock on a wide canal with quick ocean and bay access, plus a floating dock for easy launching from you kayak, skiff or jet ski. Whether you're looking for a luxury residence, vacation escape, or premium rental property, 4 Palmas has it all!
MARMLS #A12078224
Aug 26, 2026
Listed
$2,350,000
$729/sq ft
MARMLS #A11813047
Jun 19, 2026
Relisted
—
May 20, 2026
Relisted
—
Oct 24, 2025
Price Changed
$2,500,000
$775/sq ft
Aug 14, 2025
Price Changed
$2,680,000
$831/sq ft
Jun 12, 2025
Price Changed
$2,850,000
$884/sq ft
May 30, 2025
Listed
$3,000,000
$931/sq ft
FLKMLS #614995
Mar 28, 2026
Listing Removed
—
Oct 24, 2025
Price Changed
$2,500,000
$775/sq ft
Aug 14, 2025
Price Changed
$2,680,000
$831/sq ft
Jun 12, 2025
Price Changed
$2,850,000
$884/sq ft
May 12, 2025
Listed
$3,000,000
$931/sq ft
Public Records
Apr 8, 2005
Sold
$225,000
$70/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$9,017 (−10.2%)
2024
$10,036 (+6.6%)
2023
$9,418 (+11.6%)
2022
$8,440 (+12.3%)
2021
$7,512 (+3.2%)
$325,090 + $513,540
$838,630
2020
$7,280 (+1.6%)
$325,090 + $479,115
$804,205
2019
$7,164 (+4.4%)
$325,090 + $479,115
$804,205
2018
$6,863 (+6.6%)
2017
$6,439 (+323.9%)
$311,256 + $464,457
$775,713
2015
$1,519 (+23.7%)
$200,378
2014
$1,228
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
3
Lot width
—
Lot depth
—
Lot size
7,205 Sq. Ft.
Year renovated
2020
Finished Sq. Ft.
2,880
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,880
Year built
2016
Style
Single Family Residential
County
Monroe County
APN
2261 39 00547050000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 2026.
IS
III
Improved Subdivision District
The purpose of the IS district is to accommodate the legally vested residential development rights of the owners of lots in subdivisions that were lawfully established and improved prior to the adoption of this LDC. For the purpose of this section, improved lots are those that are served by a dedicated and accepted existing road of porous or nonporous material, that have an approved potable water supply, and that have sufficient uplands to accommodate the proposed use in accordance with the required setbacks. This district is not intended to be used for new land use districts of this classification within the county.
Zone overlays
Tier III Overlay District
Permitted uses
Include but are not limited to:
Housing-Multiple units
Infrastructure
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 107° expected this year, 32 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Key Largo, FL • 33037
Average low and high temperatures (°F)
73
62
75
66
78
70
80
74
85
79
86
81
86
81
88
81
87
81
83
77
79
72
77
68
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.6 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 117 La Paloma Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $925,000 and $2,150,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $925K to $2.1M.