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.
For sale
Price cut: $1M (12/2)
$27,800,000
89505 Old Hwy, Tavernier, FL 33070
7beds
8,988sqft
Est.:
Single Family Residence
Built in 2008
7.64 Acres Lot
$-- Zestimate®
$3,093/sqft
$-- HOA
What's special
Oceanfront estateSecluded acresPristine ocean frontagePrivate beachPrivate observation pierPrivate gymOutdoor kitchen
- 126 days |
- 2,794 |
- 137 |
Zillow last checked: 8 hours ago
Listing updated: December 01, 2025 at 10:55am
Listed by:
Leslie Leopold 305-942-0215,
Ocean Sotheby's International Realty,
Cheri Tindall 305-664-7661,
Ocean Sotheby's International Realty
Source: FLKMLS,MLS#: 616051
Originating MLS: Florida Keys
Originating MLS: Florida KeysTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 10
- Full bathrooms: 6
- 1/2 bathrooms: 4
Heating
- Central
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Gas Appliances, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
- Laundry: Laundry Room
Features
- Wet Bar, Built-in Cabinets, Walk-In Closet(s), Storage, Elevator, Granite Counters, Entrance Foyer, Fireplace(s), Split Bedroom, Cathedral Ceiling(s), Gym, Utility Room, Sun/Florida Room, Sauna/Steam Room, Loft
- Flooring: Tile, Marble, Wood
- Doors: Impact Rstnce Doors
- Windows: Impact Rstnce Window
- Has fireplace: Yes
- Furnished: Yes
Interior area
- Total interior livable area: 8,988 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Garage, Covered, Garage Door Opener
- Has garage: Yes
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Yes, Accessible Elevator Installed
Features
- Levels: 3 Stories,Multi/Split
- Stories: 3
- Patio & porch: Lanai, Open Porch/Balcony, Deck, Screened Patio, Patio
- Exterior features: Bar, Water Display, Tennis Court(s), Storage, Sprinkler System, Sandy Beach, Outdoor Shower, Outdoor Kitchen, Lighting, Built-in Barbecue
- Has private pool: Yes
- Pool features: Heated, In Ground, Decked, Concrete, Salt Water
- Has spa: Yes
- Spa features: Private
- Fencing: Privacy,Fenced
- Has view: Yes
- View description: Ocean, Water
- Has water view: Yes
- Water view: Ocean,Water
- Waterfront features: Oceanfront, Open Water, Waterfront, Sandy Beach, Dockage: Other Dockage
Lot
- Size: 7.64 Acres
- Features: 5 Less Than 10 Acres
Details
- Additional structures: Detached Guest Qtrs, Chickee Hut
- Parcel number: 00092570000100
- Zoning: NR
- Zoning description: Native Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS, Concrete
- Roof: Metal
Condition
- Year built: 2008
Utilities & green energy
- Electric: Generator
- Sewer: Municipal Sewer, Public Sewer
- Water: Water Separate Meter
- Utilities for property: FKAA, Propane, Cable Available
Community & HOA
Community
- Features: Pool, Bike Paths, Beach, Tennis Court(s), Community Boat Ramp
- Security: Smoke Detector(s), Security System, Electric Gate, Patrolled Area
- Subdivision: Trop Coral Reef (89.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Tavernier
Financial & listing details
- Price per square foot: $3,093/sqft
- Annual tax amount: $56,367
- Date on market: 8/5/2025
Estimated market value
Not available
Estimated sales range
Not available
$6,318/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Price change | $27,800,000-3.5%$3,093/sqft |
Source:  Key West AOR #616051 Report a problem | ||
| 8/5/2025 | Listed for sale | $28,800,000$3,204/sqft |
Source:  FLKMLS #616051 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$167,927/mo
Principal & interest
$139200
Property taxes
$18997
Home insurance
$9730
Climate risks
Neighborhood: 33070
Nearby schools
GreatSchools rating
- 10/10Plantation Key SchoolGrades: PK-8Distance: 0.2 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 0.4 mi
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