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Residential Land with Home for Sale in Plantation Key, Florida

89505 Old Hwy, Plantation Key, FL 33070

$27,800,000
7.64 acres
Active
$1m drop
Est $140,910/mo

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.

8,988
Sq feet
7
Beds
6
Full baths
4
1/2 baths
2008
Built

Location

Street address
89505 Old Hwy
Community
Trop Coral Reef (89.0)
Elevation
3 feet
Coordinates
24.9891, -80.5393

Directions

MM 89.5 oceanside Old Hwy. No sign on property.

Property details

Acreage
7.64 acres
Zoning
NR - Native Residential
MLS #
FLKEYSMLS 616051
Posted

Property taxes

2024
$56,368

Parcels

  • 00092570-000100

Legal description

Resources

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

View
Ocean, Water
Waterfront
Oceanfront, Waterfront

Exterior

Parking
Covered, Garage
Fencing
Fenced, Privacy
Structures
Outdoor Kitchen, Storage, Tennis Court(s)
Features
Bar, Built-In Grill, Chickee Hut, Detached Guest QTRS, Fencing, Hot Tub, Lanai, Lighting, Outdoor Shower, Privacy Wall/Fence, Sandy Beach, Sprinkler System, Tennis Court(s), Water Display

Structure

Stories
3
Cooling
Ceiling Fan(s)
Materials
Concrete
Roof
Metal

Interior

Rooms
Bathroom x 5, Bedroom x 5
Flooring
Marble, Tile, Wood
Appliances
Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
Security
Security System
Accessibility
Accessible Elevator Installed
Features
Built-In Cabinets, Cathedral Ceilings, Elevator, Entrance Foyer, Fireplace(s), Granite Counter Top, Smoke Alarms, Split Bedroom, Walk-In Closet(s), Wet Bar

Listing history

DateEventPriceChangeSource
Dec 2, 2025Price drop$27,800,000$1,000,000 -3.5%FLKEYSMLS
Aug 6, 2025New listing$28,800,000FLKEYSMLS
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This 7.64-acre property is located at 89505 Old Hwy in Plantation Key, FL 33070. The property is available for sale for $27,800,000. It has a 8,988 sq ft 7 bedroom, 6 bath house built in 2008.

Checked 56 mins ago — Updated

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