7554 PALM ISLAND DRIVE S, #1822, Placida, FL, 33946 | $859,000

Live the ISLAND LIFE and enjoy UNOBSTRUCTED, PANORAMIC VIEWS of the glistening BLUE WATER of the GULF from YOUR HOME. Situated on the barrier island of Palm / Knight Island, at the southernmost end of the Palm Island Resort community, the location of this 2-level, 3 bedroom / 3 full bathroom over 2100 sf (under AC) condominium truly cannot be beat. This island home offers amazing space and comfort for you and the entire family with space to roam both on the main and second level. Enjoy the mesmerizing view and sound of the surf from either of the TWO waterfront PATIOS. The main level of this home features the kitchen, dining, main living, primary suite, second bedroom, second bath and laundry room. The second level hosts the family room, office/bonus room, bedroom (that fits two double beds!) and yet another full bathroom! The open-air patio on the second floor offers the ultimate in salt life serenity. Relax while you are protected by impact-resistant windows & doors and a metal roof. This amazing home is truly unique, in a truly unique location. The island is accessible only by car ferry, personal boat or water taxi, assuring you will always have a seat on the beach. In fact, the Resort provides the chaise lounge! Meander the miles of white sandy beach, toss a line in for tarpon or snook, or enjoy floating the waves. Order dinner to go from Rum Bay Restaurant and watch the sunset across the water. You might even catch a loggerhead turtle lay her eggs or watch the babies emerge into the world. Truly breathtaking. Palm Island Resort offers its residents the finest amenities, including 24-hour security and gate guards, private beach access with chaise lounge chairs, heated pool/spas, tennis courts, boat docks, fitness center, rentals (golf carts, bikes, kayaks, paddle boards, etc. ), clubhouse, playground, and the only restaurant on the island. This is a golf cart community, so leave your vehicle and worries in the private parking lot and take your golf cart, or let the bellman escort you, to your private piece of paradise. Come, treat yourself to ISLAND LIFE.

Features

  • Heating: Central, Electric, Zoned
  • Cooling: Central Air, Zoned
  • Levels: 2
  • Amenities: Clubhouse, Pickleball Court(s), Pool, Spa/Hot Tub, Tennis Court(s)
  • Rooms: 13
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside, Laundry Room
  • Complex: PALM ISLAND VILLAGE BLDG 08
  • Year Built: 1984
  • Common Charge: $11,323 Quarterly
  • Approx Sq. Feet: 2,126
  • Acreage: 0.03
  • Est. Taxes: $11,668
  • View: Water
  • Elem. School: Vineland Elementary
  • Middle School: L.A. Ainger Middle
  • High School: Lemon Bay High
  • Pet Policy: Number Limit, Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • MLS#: D6141982
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/D6141982/7554palmislanddrives_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 5/15/2025 1:00:33 AM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-473-7750

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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7554 PALM ISLAND DRIVE S, #1822, Placida, FL, 33946

$859,000

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 $687,200 $687,200 $687,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.750% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.911% 6.865% 6.792%
Monthly Tax Payment $972 $972 $972
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,231 $4,457 $6,034
Total Monthly Payment $5,295 $5,521 $7,098

* 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.