
Land with Home for Sale in Plantation Key, Florida
89505 Old Hwy, Plantation Key, FL 33070
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
- Street address
- 89505 Old Hwy
- County
- Monroe County
- Community
- Trop Coral Reef (89.0)
- Elevation
- 3 feet
Property details
- Acreage
- 7.64 acres
- Zoning
- NR - Native Residential
- MLS #
- FLKEYSMLS 620022
- Posted
Property taxes
- 2025
- $58,331
Parcels
- 00092570000100
Legal description
5 63 38 Plantation Key Or Long Island Pt Govt Lot 6 & Adj Bay Btm Se'ly G37-221 Or186-271(Ii Deed 22485) Or556-986/89 Or
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Lot
- View
- Ocean, Water
- Waterfront
- Ocean Front
Exterior
- Parking
- Open
- Fencing
- Fenced, Privacy
- Pool
- Deck, Patio, Porch
- Structures
- Gazebo, Outdoor Kitchen, Storage
- 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
- Heating
- Central
- Cooling
- Central Air, Ductless
- Materials
- CBS, Concrete
- Roof
- Metal
Interior
- Rooms
- Bathroom x 10, Bedroom x 7, Exercise Room
- Flooring
- Marble, Tile, Wood
- Appliances
- Dishwasher, Disposal, Dryer, Gas Appliances, Ice Mac Hine, Microwave, Oven, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Wine Cooler
- Security
- Security System
- Accessibility
- Accessible Elevator Installed
- Features
- Built-In Cabinets, Elevator, Granite Counter Top, Gym, Loft, Sauna, Sun/Florida Room, Walk-In Closet(s)
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 25, 2026 | New listing | $26,400,000 | — | FLKEYSMLS |























































































































