Kathleen Mott Acquires Single Family Home At 400 Palm Drive From Lazaro And Marialina Martinez For $5.6M

The asset involved in this transaction is a single-family home located at 400 Palm Drive in Islamorada. The property was sold for $5,600,000, featuring 4,700 square feet of living space, which equates to a price per square foot of $1,191.

Summary of transation details:

• Property Type: Single Family
• Transaction Amount: $5,600,000
• Address: 400 Palm Drive
• Market: Islamorada
• Square Footage: 4,700
• Price Per Square Foot: $1,191
• Buyer: Kathleen Mott
• Seller: Lazaro Rolando Martinez & Marialina Martinez
• Seller's Representative: Alexander Pinero & Dominic Rivera - Pine River Realty

Pine River Realty has achieved a notable milestone, recording the highest sale of a traditional canal-front home in Islamorada, FL. The property at 400 Palm Drive was initially sold for redevelopment in 2022 and was successfully re-listed upon completion, selling in under four months.