120 Palm AVENUE, Boca Grande, FL, 33921 | $8,795,000

Welcome to your dream waterfront oasis at 120 Palm Ave. This custom-built, single-family luxury home exudes a warm and inviting ambiance, perfect for creating lasting family memories. Step inside through the grand mahogany front door and be greeted by the timeless elegance of limestone and wood floors, complemented by plush carpeting in the bedrooms for ultimate comfort. The heart of the home, the kitchen, is a chef's delight, boasting granite countertops, a Brazilian cherry-topped island, two ovens, and a convenient pantry. Gather around the wood fireplace with its unique coral tile detail in the living area, where chair rail and box molding add a touch of classic sophistication. The spacious layout includes 5 bedrooms plus an office/den featuring a beautifully wood-accented ceiling, and 4 full bathrooms, ensuring ample space for family and guests. Plantation shutters throughout add a touch of privacy and coastal charm. Enjoy seamless indoor-outdoor living with a large, screened porch on the first level, complete with electronic screens, and an expansive open deck on the second level – both offering long water views. A heated splash pool that can also be used as a spa provides a refreshing escape, while the private boat dock with a 17, 000 lb lift caters to the avid boater. Practical features include an existing elevator shaft ready for easy installation, separate golf cart and car garages, and the peace of mind of all impact windows and doors. Located in the charming village of Boca Grande, you'll be within easy walking distance of the beach, restaurants, and shops, allowing you to embrace the relaxed island lifestyle. This is more than just a house; it's a place to call home.

Features

  • Rooms: 12
  • Bedrooms: 5
  • Baths: 4 full
  • Laundry: Inside, Laundry Room
  • Year Built: 2008
  • Garage: 1-car Circular Driveway, Golf Cart Garage
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 3,698
  • Acreage: 0.21
  • Est. Taxes: $21,955
  • Elem. School: The Island School
  • Middle School: L.A. Ainger Middle
  • High School: Lemon Bay High
  • Pool: Gunite, Heated
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Washer
  • MLS#: D6140390
  • Days on Market: 9 days
  • Website: https://www.raveis.com
    /eprop/D6140390/120palmavenue_bocagrande_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 4/16/2025 3:47:19 PM)

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Nick Rosario - The Nick Rosario TeamAssociate Broker

917.564.2351

Nick.Rosario@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2166562

302.293.7433

Brian.Shahwan@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Jennifer HartInsurance Sales Director, William Raveis Insurance

978.457.6220

Jennifer.Hart@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

120 Palm AVENUE, Boca Grande, FL, 33921

$8,795,000

Nick Rosario - The Nick Rosario Team

Associate Broker

William Raveis Real Estate

Phone: 917.564.2351

Nick.Rosario@raveis.com

Brian Shahwan

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 302.293.7433

Brian.Shahwan@raveis.com

NMLS Mortgage Loan Originator ID 2166562

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $7,036,000 $7,036,000 $7,036,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.625% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.813% 6.739% 6.581%
Monthly Tax Payment $1,830 $1,830 $1,830
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $43,322 $45,052 $60,809
Total Monthly Payment $45,277 $47,007 $62,764

* 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.