Waterfront
Address
89505 Old Highway, Plantation Key, FL
Price
$ 26,400,000
Property Attributes
- MLS#620022
- TypeSingle Family
- Listing Status Active
- CountyMONROE
- CityPlantation Key
- AreaPlantation Key
- NeighborhoodTrop Coral Reef
- Zip33070
- StyleSingle Family
- Year Built2008
- Taxes$ 58331
- Price$ 26,400,000
- Bedrooms7
- Full Bathrooms6
- Half Bathrooms4
- Sqr Footage8988
- Lot Size7.64 Acres
Data Source:
Florida Keys MLS (FLKMLS)
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.
| Price History | |
|---|---|
| 5/26/2026 | Listed $26,400,000 |
General Features
| Living Area | 8988.00 |
|---|---|
| Construction | CBS,Concrete |
| Utilities | FKAA,Propane,Cable Available,Water Separate Meter,Whole House Generatr,Municipal Sewer |
| Roof | Metal Roof |
| Appliances | Washer,Stainless Steel Appliance(s),Wine Cooler,Ice Machine,Gas Appliances,Disposal,Microwave,Oven,Range,Refrigerator,Dishwasher,Dryer |
| Flood Zone | VE,AE,AE,AE,VE,VE |
| Zoning | NR - Native Residential |
| HOA Fee | 0.00 |
| Pets Allowed Y/N | Pets Allowed |
| Status | Active |
| Full Baths | 6 |
| Half Baths | 4 |
| Year Built | 2008 |
| Handicap Access | Yes |
| Subdivision | Trop Coral Reef (89.0) |
| Style | Single Family |
| View | Ocean View,Open Water View |
| Property Type | A |
| Neighborhood Feature | Community Pool,Bike Paths,Beach,Tennis Courts,Community Boat Ramp |
| Fee Includes | None |
| Acres | 7.64 |
| Lot Sqft | 207346.00 |
| Rental Allowed | With Restrictions |
| Accessibility Features | Accessible Elevator Installed |
| Building Style: Above Flood | Unknown |
| Building Style: Stories | 3 Stories |
| Control Depth | 3 |
| Dockage | Other Dockage |
| Virtual Tour | https://bcove.video/4bm5cYm |
| Min Rental Days | 7.00 |
Interior Features
| Interior Amenities | Drapes/Blinds Incl,Built-in Cabinets,Bar,Walk-in Closet(s),Storage,Smoke Alarms,Security System,Elevator,Granite Counter Top,Entrance Foyer,Fireplace(s),Split Bedroom,Cathedral Ceilings,Wet Bar |
|---|---|
| Total Units | 0.00 |
| Furnished Y/N | Negotiable |
| Flooring | Tile,Marble,Wood |
| Specialty Rooms | Gym,Utility Room,Sun/Florida Room,Sauna/Steam Room,Loft,Laundry Room |
| Specialty Rooms: Guest/Servant Qtrs | Legal |
Exterior Features
| Exterior Amenities | Bar,Water Display,Tennis Court(s),Storage,Sprinkler System,Sandy Beach,Privacy Wall/Fence,Outdoor Shower,Outdoor Kitchen,Lanai,Lighting,Hot Tub,Detached Guest Qtrs,Gazebo,Fencing,Chickee Hut,Built-in |
|---|---|
| Pool | Yes |
| Waterfront | Oceanfront,Open Water |
| Lot Size | X |
| Land Size | 5 Less Than 10 Acres |
| Pool Info | In Ground,Decked,Concrete,Salt Water |
| Pool Info: Heated | Yes |
| Porch/Balcony | Open Porch/Balcony,Deck,Screened Patio,Patio |
| Public Sewer Hookup | Yes |
| Side | Ocean |
| Species List | Yes |
| Vehicle Storage | Garage,Covered Parking,Auto Door Opener,Attached |
| Vehicle Storage: Car(s) | 4+ |
| Windows/Doors | Impact Rstnce Window,Impact Rstnce Doors |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33070
Price
Taxes
Year Built
Visits
Information is deemed to be reliable, but is not guaranteed. © 2026 MLS and FBS. Prepared by Florida Keys MLS, Inc. on September 21, 2026 1:15 PM UTC The information on this sheet has been made available by the MLS and may not be the listing of the provider. The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information
