
89505 Old Hwy Tavernier, FL 33070
Estimated payment $162,381/month
Highlights
- Hot Property
- Ocean Front
- Beach
- Plantation Key School Rated A-
- Boat Ramp
- 1-minute walk to Indian Key
About This Home
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.
Listing Agent
Ocean Sotheby's International Realty License #3071091 Listed on: 08/05/2025

Home Details
Home Type
- Single Family
Est. Annual Taxes
- $56,368
Year Built
- Built in 2008
Lot Details
- 7.64 Acre Lot
- Ocean Front
- Sandy Beach
- Privacy Fence
- Fenced
- Sprinkler System
- Property is zoned NR - Native Residential
Home Design
- Split Level Home
- Metal Roof
- Pre-Cast Concrete Construction
Interior Spaces
- 8,988 Sq Ft Home
- 3-Story Property
- Wet Bar
- Furnished
- Bar
- Cathedral Ceiling
- Ceiling Fan
- Fireplace
- Entrance Foyer
- Loft
- Sun or Florida Room
- Storage
- Utility Room
- Steam Room
- Home Gym
- Ocean Views
Kitchen
- Oven
- Range
- Microwave
- Ice Maker
- Dishwasher
- Wine Cooler
- Stainless Steel Appliances
- Granite Countertops
- Built-In or Custom Kitchen Cabinets
- Disposal
Flooring
- Wood
- Marble
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Monitored
- Impact Glass
- Fire and Smoke Detector
Parking
- 4 Car Garage
- Automatic Garage Door Opener
- Electric Gate
Accessible Home Design
- Accessible Elevator Installed
- Handicap Accessible
Pool
- Concrete Pool
- Heated In Ground Pool
- Spa
- Saltwater Pool
- Pool Deck
- Outdoor Shower
Outdoor Features
- Tennis Courts
- Balcony
- Deck
- Screened Patio
- Outdoor Water Feature
- Outdoor Kitchen
- Lanai
- Exterior Lighting
- Outdoor Storage
- Tiki or Chickee Hut
- Attached Grill
Additional Homes
- Detached Guest House
Utilities
- Central Heating and Cooling System
- Whole House Permanent Generator
- Propane
- Public Hookup Available For Sewer
- Cable TV Available
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 00092570-000100
Community Details
Overview
- No Home Owners Association
- Trop Coral Reef Subdivision
- Rental Restrictions
Recreation
- Boat Ramp
- Beach
- Tennis Courts
- Community Pool
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
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 | $56,000 | $6,278,094 | -- | -- |
2023 | $56,000 | $6,095,237 | $0 | $0 |
2022 | $54,927 | $5,917,706 | $0 | $0 |
2021 | $55,852 | $5,745,346 | $2,390,469 | $3,354,877 |
2020 | $56,509 | $5,788,167 | $2,390,469 | $3,397,698 |
2019 | $55,301 | $5,508,906 | $2,210,078 | $3,298,828 |
2018 | $57,534 | $5,761,209 | $2,435,567 | $3,325,642 |
2017 | $59,843 | $6,336,755 | $0 | $0 |
2016 | $59,158 | $6,148,676 | $0 | $0 |
2015 | $57,596 | $6,911,169 | $0 | $0 |
2014 | $46,678 | $4,516,760 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/05/2025 08/05/25 | For Sale | $28,800,000 | -- | $3,204 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $2,300,000 | Florida Title Of The Keys In | |
Interfamily Deed Transfer | -- | Florida Title Of The Keys In |
Similar Home in Tavernier, FL
Source: Florida Keys Board of REALTORS®
MLS Number: 616051

APN: 00092570-000100
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