$7,500,000
$1M PRICE INCREASE

88547 Old Hwy Tavernier, FL 33070

Estimated payment $42,301/month

Total Views 18,118
4 Beds
3 Baths
4,103 Sq Ft
$1,828 Price per Sq Ft

Highlights

  • Ocean Front
  • Boat Lift
  • 1.5 Acre Lot
  • Plantation Key School Rated A-
  • Concrete Pool
  • 1-minute walk to Indian Key

About This Home

Open Oceanfront Estate with Deep Water Dockage on 1.5 Acres on Millionaires' Row... Islamorada's premier address. New dock with two boat lifts (16,000 lb. and 10,000 lb.) to enjoy one of the best boating locations in the Keys, plus a 4,103 s.f. home with 4 bedrooms, 3 full baths, a large heated pool, winding private driveway, and a soaring central atrium surrounded by walls of windows to frame the ocean view. Open ocean views from the living room, Florida room, porches, master bedroom and upstairs loft. Living room with wet bar and pass-through window to the gourmet kitchen and separate dining room, all with Saturnia stone floors. Direct boating access to the best offshore fishing and diving, plus quick Florida Bay access. RE Zoning allows weekly rentals for great income potential. The sandy backyard is shaded by palms and the large pool is fenced for privacy. The winding drive from the gate to the home is dotted with seating spots for enjoying the wildlife and tropical foliage. There is also a separate storage room and workshop downstairs, a gardening shed and landscape lighting along the driveway. Call today!

Listing Agent

Brett Newman

Coldwell Banker Schmitt Islamorada License #555709 Listed on: 07/16/2024

Coldwell Banker Schmitt Islamorada

Co-Listing Agent

Margo Newman

Coldwell Banker Schmitt Islamorada License #0153708

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,027

Year Built

  • Built in 1996

Lot Details

  • 1.5 Acre Lot
  • Ocean Front
  • Property is zoned RE - Residential Estate

Home Design

  • Split Level Home
  • Metal Roof

Interior Spaces

  • 4,103 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Double Hung Windows
  • Sliding Doors
  • Entrance Foyer
  • Workshop
  • Storage
  • Ocean Views
  • Complete Electric Power Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Carport
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Eco-Friendly Details

  • Solar Water Heater

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck
  • Outdoor Shower

Outdoor Features

  • Seawall
  • Boat Lift
  • Dock made with Composite Material
  • Balcony
  • Screened Patio
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Key Heights Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00415770-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,027

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 6
  • Dockage Dock: Composite
  • Dockage Dock Length: 400
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 88.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 21027.04
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Covered Parking, Off Street Parking, Guest Parking, Open Parking
  • Year Built: 1996
  • Alternate Key Number: 1511951
  • Building Style: Split Level
  • Cooling Heating: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 65340.00
  • Pool Info: In Ground, Decked, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio, Screened Patio
  • Shutters: Accordion, Roll Down Electric
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 4103.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Wet Bar, Built-in Cabinets, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Granite Counter Top, Entrance Foyer, Pantry, Split Bedroom
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Solar Hot Water, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Other, Carpet
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: Double Hung Windows, Sliding Glass Doors, Glass Doors
  • Total Bedrooms: 4
  • Sq Ft Remarks: approximate

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Lighting, Storage, Outdoor Shower
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Water Separate Meter, Elect Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X,AE,VE,0.2 PC
  • Parcel Number: 00415770-000000
  • Lot Size: 100 x 857 x 833 x 87
  • Land Size: 1 Less Than 2 Acres
  • Acres: 1.50

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 1.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,027 $2,311,518 -- --
2023 $21,027 $2,244,193 $0 $0
2022 $20,630 $2,178,829 $0 $0
2021 $20,952 $2,115,368 $0 $0
2020 $20,760 $2,086,162 $0 $0
2019 $22,388 $1,958,118 $0 $0
2018 $24,268 $2,006,359 $0 $0
2017 $23,459 $1,965,093 $0 $0
2016 $24,200 $1,924,675 $0 $0
2015 $23,691 $1,911,296 $0 $0
2014 $19,756 $1,896,127 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Price Changed $7,500,000 +15.4% $1,828 / Sq Ft
07/16/2024 07/16/24 For Sale $6,500,000 -- $1,584 / Sq Ft
Source: Florida Keys Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,300,000 Attorney
Interfamily Deed Transfer -- Attorney
Quit Claim Deed $95,900 --
Warranty Deed $173,000 --
Warranty Deed $173,000 --
Deed $25,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,840,000 New Conventional
Previous Owner $41,800 Small Business Administration
Previous Owner $85,704 New Conventional
Previous Owner $130,000 No Value Available
Source: Public Records

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Source: Florida Keys Board of REALTORS®

MLS Number: 610778

Florida Keys Board of REALTORS®

APN: 00415770-000000

Florida Monroe County Tavernier 33036

88547 Old Hwy, Tavernier, FL

This home is located at 88547 Old Hwy, Tavernier, FL 33070 and is currently priced at $7,500,000, approximately $1,827 per square foot. This property was built in 1996. 88547 Old Hwy is a home located in Monroe County with nearby schools including Plantation Key School, Coral Shores High School, and Treasure Village Montessori Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Brett Newman
Listing Agent
Brett Newman
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Coldwell Banker Schmitt Islamorada
(305) 520-7890