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A waterfront property known as Palm Harbor, located in the Florida Keys and previously used as a location for fashion brand photoshoots, has been sold for a record-breaking price of $23 million for a single-parcel sale. This isn’t the first time the property has set a record, as it previously did so in 2015 when it sold for $13.125 million. Both sales were handled by Kelly K. Shaw, a broker associate with American Caribbean Real Estate, and her son Trent M. P. Shaw.
In March 2022, Palm Harbor was put up for sale again. According to Kelly K. Shaw, the broker associate who handled both sales, there was a lot of interest in the property with numerous showings and seven offers over the years. The winning bid was one of three offers made simultaneously for the home. However, the new owner of the estate has not been identified yet and the transfer of ownership has not been recorded in public records.
The main house of the property, which can be accessed via a crushed-seashell driveway, has 7,500 square feet of spacious living space. The house has four bedrooms, a custom tackle room, a lofted card/game room, and a crow’s nest that offers a bird’s eye view. Additionally, there is a two-bedroom guest house on the property.
Palm Harbor boasts several outdoor features, including a natural sandy beach that spans 150 feet and a private peninsula that offers stunning views. The estate also has extensive dockage in the harbor. The previous owners of Palm Harbor mentioned that it is common to see lively tarpons, playful manatees, and majestic birds around the estate on a regular basis. The property has also been used as a backdrop for photoshoots by well-known brands such as Victoria’s Secret, Ralph Lauren, and Lilly Pulitzer.
In addition to the estate’s natural attractions, there is also a secluded pool that features a spacious deck with an outdoor shower and a summer kitchen. The property is adorned with four tiki huts, and there are over 100 shady palm trees providing ample shade.
Islamorada, where Palm Harbor is located, is commonly referred to as the “Village of Islands.” It is known for its crystal-clear waters and diverse marine life, making it a popular destination for boating, fishing, and diving enthusiasts.
According to the announcement, there were five sales in the Florida Keys in 2022 that exceeded $10 million, with the highest being $16.5 million. The sale of Palm Harbour for $23 million sets a new record for a single-parcel sale in the region. The announcement further notes that this sale solidifies the Florida Keys as a destination for luxury homes.
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