89505 Old HWY, Plantation Key, FL 33070
89505 Old HWY, Plantation Key, FL 33070
89505 Old HWY, Plantation Key, FL 33070
89505 Old HWY, Plantation Key, FL 33070
89505 Old HWY, Plantation Key, FL 33070
89505 Old HWY, Plantation Key, FL 33070
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Listed by Leslie Leopold Ocean Sotheby's International Realty
$ 26,400,000
Est. payment | /mo

7 Beds

10 Baths

8,988 SqFt


$ 26,400,000
Est. payment | /mo

7 Beds

10 Baths

8,988 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 8,988 sqft

Price per Sqft $2,937

Subdivision Trop Coral Reef (89.0)

MLS Listing ID 620022

Style Above Flood

Bedrooms 7

Full Baths 6

Half Baths 4

HOA Y/N No

Year Built 2008

Annual Tax Amount $58,331

Tax Year 2025

Lot Size 4.760 Acres

Acres 7.64

Lot Dimensions X

Property Sub-Type Single Family Residence

Land Area 8988

Property Description

Escape to Palm Paradise, a breathtaking oceanfront estate on 7.64 private acres in Islamorada, offering 369 feet of shoreline and sweeping Atlantic views. Tucked behind gates on Plantation Key, this secluded retreat combines lush tropical landscaping with unmatched privacy for the ultimate island escape.
The 8,988-square-foot main residence showcases exceptional craftsmanship and thoughtful design. One wing features a dramatic two-story primary suite with a private office, while the opposite wing includes four additional bedrooms and four bathrooms across two levels. A separate two-bedroom guest house provides extra space for visitors, and a whole-house generator adds convenience and peace of mind.
Inside, custom woodwork, coffered ceilings, built-ins, and high-end finishes create a warm yet refined atmosphere. Amenities include a chef's kitchen, wine cellar, private gym, elevator, and seamless indoor-outdoor living spaces ideal for entertaining or relaxing by the water.
Resort-style outdoor features include a custom pool, tiki bar, outdoor kitchen, beachside fire pit, putting green, observation pier, and a lighted tennis court with cabana. Convenient access by seaplane, helicopter, or a 90-minute drive from Miami makes travel effortless.
Perfect for boating enthusiasts, the estate is near dockage and concierge dry storage options. Located in the heart of Islamorada, Palm Paradise offers easy access to world-class fishing, boating, dining, and the laid-back luxury of the Florida Keys.
Offered at $26.4M, Palm Paradise is a rare opportunity to own a private waterfront compound ideal for luxury living, family retreats, or executive escapes.

Location

State FL

County Monroe

Community Community Boat Ramp, Bike Paths, Beach, Tennis Court(S), Pool

Area 25 - Plantation Key

Zoning NR - Native Residential

Direction MM 89.5, Old Hwy, Gated.

Interior

Interior Features Utility Room, Entrance Foyer, Walk-in Closet(s), Bar, Built-in Cabinets, Cathedral Ceilings, Drapes/Blinds Incl, Elevator, Fireplace(s), Granite Counter Top, Security System, Smoke Alarms, Split Bedroom, Storage, Wet Bar, Gym, Loft, Sauna, Sun/Florida Room

Heating Central

Cooling Ductless, Central Air, Ceiling Fans(s)

Flooring Wood, Tile, Marble

Furnishings Negotiable

Window Features Impact Rstnce Doors,Impact Rstnce Window

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

Laundry Laundry Room

Exterior

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

Parking Features Covered, Attached, Garage Door Opener

Pool Concrete, Heated, Salt Water, In Ground, Decked

Community Features Community Boat Ramp, Bike Paths, Beach, Tennis Court(s), Pool

Utilities Available Whole House Generator, Cable Available, FKAA, Municipal Sewer, Water Separate Meter, Propane

Waterfront Description Oceanfront, Open Water

Roof Type Metal Roof

Porch Screened Patio, Open Porch/Balcony, Deck, Patio

Garage No

Building

Architectural Style Above Flood

New Construction No

Others

HOA Fee Include None

Tax ID 00092570000100

Security Features Electric Gate,On Premises System,Patrolled Area

Pets Allowed Yes

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Nearby Locations

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89505 Old HWY