89505 Old Highway, Plantation Key, FL 33070 (MLS# 616051)

89505 Old Highway, Plantation Key, FL 33070

$27,800,000

Virtual Tour

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Property Type: Residential Bedrooms: 7 Baths: 10 Square Footage: 8,988 Lot Size (sq. ft.): 207,346 Status: Active

Current Price: $27,800,000 List Date: 8/05/2025 Last Modified: 12/02/2025

Description

Escape to Palm Paradise, a one-of-a-kind oceanfront estate in Islamorada, Florida Keys, where luxury and privacy intertwine on 7.64 secluded acres. This magnificent property boasts 369 feet of pristine ocean frontage, revealing breathtaking panoramic views from nearly every corner. The sprawling 8,988 square foot main residence boasts five spacious bedrooms, five full bathrooms, three half bathrooms, and an array of lavish amenities, including a chef's dream kitchen, a 500-bottle wine cellar, a private gym, an elevator, and a custom pool with a soothing water feature. Expansive outdoor living spaces beckon with a tiki bar, outdoor kitchen, beachside fire pit, lighted tennis court with cabana and half bathroom, and a private beach fringed with swaying palms. A separate two bedroom, one bathroom guest house provides privacy and comfort for visitors, while a whole-house generator ensures uninterrupted tranquility. Indulge in breathtaking sunrises from your private observation pier or perfect your short game on the estate's putting green. Palm Paradise is more than just a home; it's an invitation to embrace a life of unparalleled luxury, seclusion, and the laid-back allure of the Florida Keys.

More Information MLS# 616051

Contract Information

Listing Board: Florida Keys As is Rght to Inspct: Yes Species List: Yes Current Price: $27,800,000 Listing Date: 2025-08-05 List Price: $27,800,000

Location, Tax & Legal

City: Tavernier Mile Marker: 89 Marathon Neighborhood: N/A Side: Ocean Flood Zone: VE,AE,AE,AE,VE,VE Alternate Key #: 8574436 Handicap Access: Yes Parcel #: 00092570-000100 Zoning: NR - Native Residential Deed Restrictions: Unknown Legal: 5 63 38 PLANTATION KEY OR LONG ISLAND PT GOVT LOT 6 & ADJ BAY BTM SE'LY G37-221 OR186-271(II DEED 22485) OR556-986/89 OR Taxes: 56367.5 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 89505 Street Name: Old Street Suffix: Highway Key/Island: Plantation Key State/Province: FL Zip Code: 33070 County: Monroe Subdivision: Trop Coral Reef (89.0) Area: 25 - Plantation Key

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 3 Lot SqFt: 207346 Pool: Yes Total Units: 0 Acres: 7.64 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Style: Single Family Year Built: 2008 Living Apx SqFt: 8988 Total Bedrooms: 7 Full Baths: 6 Half Baths: 4 Total Baths: 10

Remarks & Misc

Remarks – Consumer: Escape to Palm Paradise, a one-of-a-kind oceanfront estate in Islamorada, Florida Keys, where luxury and privacy intertwine on 7.64 secluded acres. This magnificent property boasts 369 feet of pristine ocean frontage, revealing breathtaking panoramic views from nearly every corner. The sprawling 8,988 square foot main residence boasts five spacious bedrooms, five full bathrooms, three half bathrooms, and an array of lavish amenities, including a chef's dream kitchen, a 500-bottle wine cellar, a private gym, an elevator, and a custom pool with a soothing water feature. Expansive outdoor living spaces beckon with a tiki bar, outdoor kitchen, beachside fire pit, lighted tennis court with cabana and half bathroom, and a private beach fringed with swaying palms. A separate two bedroom, one bathroom guest house provides privacy and comfort for visitors, while a whole-house generator ensures uninterrupted tranquility. Indulge in breathtaking sunrises from your private observation pier or perfect your short game on the estate's putting green. Palm Paradise is more than just a home; it's an invitation to embrace a life of unparalleled luxury, seclusion, and the laid-back allure of the Florida Keys. Directions: MM 89.5 oceanside Old Hwy. No sign on property.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

Other Dockage: 1

Tax Exemptions

Homestead: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Gas Appliances: 1 Ice Machine: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1 Wine Cooler: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Heating

Central: 1

Waterfront

Oceanfront: 1 Open Water: 1

Waterview

Ocean View: 1 Open Water View: 1

Floor

Marble: 1 Tile: 1 Wood: 1

Neighborhood Feature

Beach: 1 Bike Paths: 1 Community Boat Ramp: 1 Community Pool: 1 Tennis Courts: 1

Interior Features

Built-in Cabinets: 1 Cathedral Ceilings: 1 Elevator: 1 Entrance Foyer: 1 Fireplace(s): 1 Granite Counter Top: 1 Security System: 1 Smoke Alarms: 1 Split Bedroom: 1 Storage: 1 Walk-in Closet(s): 1 Wet Bar: 1

Specialty Rooms

Gym: 1 Laundry Room: 1 Loft: 1 Sauna/Steam Room: 1 Sun/Florida Room: 1 Utility Room: 1

Building Style

Above Flood: Unknown Split Level: 1 Stories: 3 Stories

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Car(s): 4+ Covered Parking: 1 Garage: 1 Auto Door Opener: 1

Security

Electric Gate: 1 Patrolled Area: 1

Construction

CBS: 1 Concrete: 1

Land Size

5 Less Than 10 Acres: 1

Furnished

Furnished: 1

Utilities

Cable Available: 1 FKAA: 1 Municipal Sewer: 1 Propane: 1 Water Separate Meter: 1 Whole House Generatr: 1

Porch/Balcony

Deck: 1 Open Porch/Balcony: 1 Patio: 1 Screened Patio: 1

Title

Title Ins - Buyer: 1

Exterior Features

Bar: 1 Built-in Grill: 1 Chickee Hut: 1 Detached Guest Qtrs: 1 Fencing: 1 Hot Tub: 1 Lanai: 1 Lighting: 1 Outdoor Kitchen: 1 Outdoor Shower: 1 Privacy Wall/Fence: 1 Sandy Beach: 1 Sprinkler System: 1 Storage: 1 Tennis Court(s): 1 Water Display: 1

Pool Info

In Ground: 1 Salt Water: 1 Heated: Yes Concrete: 1 Decked: 1

Roof

Metal Roof: 1

Financial Status

Standard Sale: Yes

Accessibility Feat

Accessible Elevator Installed: 1

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: Other Dockage Building Style: Split Level Vehicle Storage: Garage; Auto Door Opener; Covered Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Cable Available; FKAA; Municipal Sewer; Propane; Water Separate Meter; Whole House Generatr Interior Features: Built-in Cabinets; Cathedral Ceilings; Elevator; Entrance Foyer; Fireplace(s); Granite Counter Top; Security System; Smoke Alarms; Split Bedroom; Storage; Walk-in Closet(s); Wet Bar Specialty Rooms: Gym; Laundry Room; Loft; Sauna/Steam Room; Sun/Florida Room; Utility Room Appliances: Dishwasher; Disposal; Dryer; Gas Appliances; Ice Machine; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler Exterior Features: Bar; Built-in Grill; Chickee Hut; Detached Guest Qtrs; Fencing; Hot Tub; Lanai; Lighting; Outdoor Kitchen; Outdoor Shower; Privacy Wall/Fence; Sandy Beach; Sprinkler System; Storage; Tennis Court(s); Water Display Accessibility Feat: Accessible Elevator Installed Pool Info: In Ground; Salt Water; Concrete; Decked Construction: CBS; Concrete Floor: Marble; Tile; Wood Roof: Metal Roof Pets: Pets Allowed Neighborhood Feature: Beach; Bike Paths; Community Boat Ramp; Community Pool; Tennis Courts Security: Electric Gate; Patrolled Area Land Size: 5 Less Than 10 Acres Title: Title Ins - Buyer

Listing Office: Ocean Sotheby's International Realty

Last Updated: December - 02 - 2025

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.