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About this home
301 S Gulf Blvd #12 is a 1982-built home in Palm Island Estates Un 4, Placida. Inside you'll find 2 bedrooms, 3 bathrooms, and 1,347 square feet of living space. Listed at $874,900 (about $650/sqft), 96 days on market. Flood zone VE - confirm flood insurance requirements with your lender. HOA runs $2,500 semi-annually.
Beachfront Island Escape on Don Pedro Island – Fully Renovated with Incredible Investment Potential! Welcome to your own slice of paradise in the charming Colony Don Pedro community. This beautifully renovated 2-bedroom, 2.5-bath beachfront residence offers the perfect blend of modern comfort, coastal charm, and the relaxed island lifestyle so many dream about. Whether you’re searching for a personal getaway, vacation rental opportunity, or long-term investment, this property delivers exceptional flexibility. Adding to its appeal, Unit 11 next door is also available for purchase—creating a rare chance to own the entire building. Enjoy the option of a larger family retreat with additional space for guests or create two separate income-producing island rentals with outstanding rental potential. Inside, you’ll find thoughtful updates throughout, including an updated kitchen and baths, upgraded flooring, electrical, plumbing, HVAC systems, and a newer roof. The open living spaces flow easily to private outdoor areas, including screened and open lanais designed for enjoying warm Gulf breezes, morning coffee, and spectacular evening sunsets. The covered area below provides the perfect shaded spot for gathering after a day spent on the water. Just outside your door, miles of sandy shoreline invite you to enjoy shelling, shark tooth hunting, kayaking, paddleboarding, fishing, and peaceful walks along one of Southwest Florida’s hidden gems. Don Pedro Island offers a unique “Old Florida” coastal experience with uncrowded beaches, golf carts, boating, and abundant natural beauty—yet provides the modern conveniences needed for everyday comfort and quick, easy access to the mainland via the island’s short car ferry ride. Colony Don Pedro residents enjoy wonderful amenities including a heated community pool, tennis court, and dockage with access to the Intracoastal Waterway and Gulf through just two bridges. Beautifully updated, perfectly located, and offering a rare opportunity to expand—this beachfront retreat is ready to enjoy as your private island escape, investment property, or part of a larger coastal compound. (Some photos are virtually staged.)
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA is the fee reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$874,900
$650 per sq ft
Beds and baths
2 beds, 3 baths
Size
1,347 sq ft
Time on market
96 days
Year built
1982
Monthly payment
About $6,075/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $10,390 annual tax bill, insurance, and the $2,500/yr HOA fee.
HOA fee
$2,500/yr
Managed by Heather Stout.
Flood zone
Zone VE
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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