$28,800,000

89505 Old Hwy Tavernier, FL 33070

Estimated payment $162,381/month

Total Views 660
7 Beds
10 Baths
8,988 Sq Ft
$3,204 Price per Sq Ft

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

Leslie Leopold

Ocean Sotheby's International Realty License #3071091 Listed on: 08/05/2025

Ocean Sotheby's International Realty

Co-Listing Agent

Cheri Tindall

Ocean Sotheby's International Realty License #0411868

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$56,368

Year Built

Built in 2008

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: 3
  • Fee Includes: None
  • Handicap Access: Yes
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 89.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Bike Paths, Beach, Tennis Courts, Community Boat Ramp
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 56367.50
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Covered Parking, Auto Door Opener
  • Vehicle Storage Cars: 4+
  • Year Built: 2008
  • Alternate Key Number: 8574436
  • Building Style: Split Level
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 207346.00
  • Pool Info: In Ground, Decked, Concrete, Salt Water
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Deck, Screened Patio, Patio
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 8988.00
  • Financial Status Standard Sale: Yes
  • 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, Walk-in Closet(s), Storage, Smoke Alarms, Security System, Elevator, Granite Counter Top, Entrance Foyer, Fireplace(s), Split Bedroom, Cathedral Ceilings
  • Total Bathrooms: 10.00
  • Full Bathrooms: 6
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Gas Appliances, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Marble, Wood
  • Half Bathrooms: 4
  • Specialty Rooms: Gym, Utility Room, Sun/Florida Room, Sauna/Steam Room, Loft, Laundry Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 7
  • Accessibility Features: Accessible Elevator Installed
  • Sq Ft Remarks: Land: 4.76 acres upland, 2.88 acres bay btm8988sf main house, 946sf guest house.

Exterior Features

  • Dockage: Other Dockage
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Bar, Water Display, Tennis Court(s), Storage, Sprinkler System, Sandy Beach, Privacy Wall/Fence, Outdoor Shower, Outdoor Kitchen, Lanai, Lighting, Hot Tub, Detached Guest Qtrs, Fencing, Chickee Hut, Built-in Grill
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate, Patrolled Area
  • Utilities: FKAA, Propane, Cable Available, Water Separate Meter, Whole House Generatr, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,AE,AE,VE,VE
  • Parcel Number: 00092570-000100
  • Land Size: 5 Less Than 10 Acres
  • Acres: 7.64

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

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 $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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 For Sale $28,800,000 -- $3,204 / Sq Ft
Source: Florida Keys Board of REALTORS®

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
Source: Public Records

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Source: Florida Keys Board of REALTORS®

MLS Number: 616051

Florida Keys Board of REALTORS®

APN: 00092570-000100