$26,400,000
 $141,721 est/mo Sourced by Back At You

89505 Old Highway,Tavernier, FL 33070

Tavernier, FL 33070

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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.

Details

MLS #620022
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2008
Days On Site97
Listing Provided ByOcean Sotheby's International Realty | Leslie Leopold

Features

Bed(s)7
Bath(s) 10 Total
SQ Feet8,988
PoolYes
ZoningNR - Native Residential
Acreage7.64
Water FrontYes
Property ViewOpen Water View, Ocean

Taxes

Property58331

Area Information

StateFL
CountyMonroe
CityTavernier
Zip Code33070
Area25 Plantation Key
Community NameTrop Coral Reef (89.0)
Listing VS Median (in Trop Coral Reef (89.0))
Price:
$26,400,000
low | high
Med:
$26,400,000
50% of Average
sqft:
8,988
low | high
Med:
8,988
50% of Average
$ / sqft:
$2,937
low | high
Med:
$2,937
50% of Average
On site:
97
low | high
Med:
97
100% of Average
Sourced by Back At You

Market Activity 33070

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Learn More About This Property

StateFL
CountyMonroe
CityTavernier
Zip Code33070
Area25 Plantation Key
Community NameTrop Coral Reef (89.0)
Listing VS Median (in Trop Coral Reef (89.0))
Price:
$26,400,000
low | high
Med:
$26,400,000
50% of Average
sqft:
8,988
low | high
Med:
8,988
50% of Average
$ / sqft:
$2,937
low | high
Med:
$2,937
50% of Average
On site:
97
low | high
Med:
97
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $19.8M - $33M
sqft: 6,500 - 11,000
Nearby Listings Property ImageNearby Listings Details
89401 Old Highway Property Photo 1
$13,500,000
89401 Old Highway
Tavernier, FL 33070
Listing Updated: May 26, 2026 at 7:17:09 AM PDT