7104 PALM ISLAND DRIVE UNIT LE38, PLACIDA, FL, 33946
Active270 days on marketListed Nov 5, 2025MLS #D6144591
About this home
7104 PALM ISLAND DRIVE UNIT LE38
A must see on Palm Island. Duplex island home on Palm Island Resort. Enjoy watching the shore birds, sea life and fabulous sunsets from your choice of 3 decks and all have new decking in 2024. Also new in 2024; metal roof, gutters, lattice, interior and exterior paint. Located in the northern part of the property with a walking path to the beach adjacent to the residence. Safely set behind the natural berm a bit back from the beach this home has back yard space for family fun. The kitchen boasts granite counter tops, and new shaker style cabinets. A matching built-in desk under the interior stairs is a great use of space. The primary bedroom has access to the main floor deck and an ensuite with tiled walk-in shower and double sink countertop. Neutral decor throughout this duplex add comfort and allow you to add details to put your mark on it. Upstairs bonus area is currently set up with a desk, yes you could work with a spectacular view of the Gulf! Bask in the sun and take in the view from the balcony off this upper floor. The third bedroom also has a slider out to a deck with a view of the foliage surrounding the property. Spend your day by the community pool, walking the sandy beach or participate in the resort's vibrant tennis and pickle ball programs. Palm Island Resort is a vehicle free community; golf carts, walking and biking are the way to get around. Under the villa is a golf cart sized storage area and space enough for your beach toys. Visit the onsite restaurant, cafe and gift shop or take the car ferry to shop and dine in the surrounding community. Move right in and start enjoying the island life. Between Ft. Myers and Sarasota, if you are in search of all the west coast offers this is a must see turnkey ready beach home!
Facts & features
The home at a glance
3
Bedrooms
3
Bathrooms
1,634
Sqft
0.18 ac
Lot size
1987
Year built
Two
Levels
$496
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$6,323 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$6,323/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Placida actives
$496 vs $343
Days on market
270 vs 91 typical
Where $496/sqft sits among the 151 Placida actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
The investor lens
Two ways this home pays
This home sits inside Island Club, a community zoned to allow true short-term rentals — so it can earn as a nightly rental or a traditional lease. Here’s how the two paths compare.
Short-term rental · projected
$37,720/yr gross
Projected nightly rate, occupancy and annual revenue for this exact home.
Long-term rental
$6,200/mo median
Live Placida rental listing data — this home’s rate depends on size, condition and furnishing.
The Cape Haze short-term market
▼ Softening38%
Occupancy
▼ 50% yr/yr
$181
Avg nightly rate
▲ 48% yr/yr
$15K/yr
Revenue per listing
$67
RevPAR
84 days
Booking lead time
7.3 nights
Avg stay
3
Typical min nights
5
Active rentals
▼ 20% supply
Seasonality — monthly occupancy
Peaks at 72% in Mar · bottoms at 16% in Oct
Last 12 months of data, January–December, bars scaled to the seasonal peak. Market-wide averages across all home sizes in Cape Haze — the projection above is specific to this home’s size.
Where it sits
Inside Island Club
Island Club is a short-term-rental community. See the full guide →
PLACIDA 33946 — neighborhood snapshot
Population
2,745
Median age
63.2
Median income
$93,466
Median home value
$626,500
Avg household
2.02
Households w/ children
86%
For the school run
Charlotte County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Placida market
$475K → $464K
Placida median sold, yr/yr
92.2%
Sale-to-list ratio (12 mo)
63 of 151
Placida actives have cut their price
Median sold price, Placida, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 2214% above the PLACIDA 33946 median. See the full Placida market guide →
Paper trail
This home's history
Reality check
What actually sold near 7104 PALM ISLAND DRIVE UNIT LE38
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jan ’26$1,375,000
6900 PALM ISLAND DRIVE · same community
3 bd · 3 ba · 2,462 sqft · $558/sqft · 43 DOM
Sold · May ’26$309,000
8182 SAINT KITTS CIRCLE
3 bd · 2 ba · 1,635 sqft · $189/sqft · 7 DOM
Sold · May ’26$315,597
8170 SAINT KITTS CIRCLE
3 bd · 2 ba · 1,635 sqft · $193/sqft · 14 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 7104 PALM ISLAND DRIVE UNIT LE38 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7104 PALM ISLAND DRIVE UNIT LE38 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
7104 PALM ISLAND DRIVE UNIT LE38 FAQs
What would the monthly payment be for 7104 PALM ISLAND DRIVE UNIT LE38?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $6,323/mo — principal and interest, the actual property-tax bill, the $383/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 7104 PALM ISLAND DRIVE UNIT LE38?+
The association fee works out to $383 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 7104 PALM ISLAND DRIVE UNIT LE38?+
The most recent tax bill on record (2024) was $13,262. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 7104 PALM ISLAND DRIVE UNIT LE38 be rented short-term?+
Yes — this home sits inside Island Club, a community zoned to allow short-term rentals. Nightly-rental income could change the math on this purchase entirely; request a free rental income analysis and our team will prepare projections for this exact home.
Are pets allowed at 7104 PALM ISLAND DRIVE UNIT LE38?+
The listing reports pets: Cats OK, Dogs OK. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Placida?+
At $810,000, this home is listed about 25% above the Placida median of $649,000. The market section on this page shows how the area is trending.
Which schools are assigned to 7104 PALM ISLAND DRIVE UNIT LE38?+
L. A. Ainger Middle School (middle), Vineland Elementary School (elementary), Lemon Bay High School (high) — Charlotte County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$810,000 runs 2214% above the PLACIDA 33946 median.
02Zoned for nightly rentals
Island Club is one of the communities zoned to allow true short-term rentals — nightly income could change the math on this purchase entirely. Ask for the free rental analysis below.
03Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
04Time on market is leverage
270 days on market against a Placida median of 91 — sellers in this position are usually ready to negotiate.
05Strong assigned schools
L. A. Ainger Middle School, Vineland Elementary School, Lemon Bay High School — Vineland Elementary School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of PALM ISLAND PROPERTIES INC · Lisa Halpin. MLS #D6144591.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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