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Land with Home for Sale in Plantation Key, Florida

89505 Old Hwy, Plantation Key, FL 33070

$26,400,000
7.64 acres
Active sale
ago
Est $131,486/mo

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.

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

Property details

Acreage
7.64 acres
Zoning
NR - Native Residential
MLS #
FLKEYSMLS 620022
Posted

Property taxes

2025
$58,331

Parcels

  • 00092570000100

Legal description

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

DateEventPriceChangeSource
May 25, 2026New listing$26,400,000FLKEYSMLS
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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 $26,400,000. It has a 8,988 sq ft 7 bedroom, 6 bath house built in 2008.

Listed by Ocean Sotheby's International Realty, (305) 712-8888

Checked 2 hours agoUpdated Source

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