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KAROL MARSDEN, PA          305-395-1975          karolrealtor@gmail.com

87895 Old Highway, Plantation Key, FL 33036

$24,995,000
Property Type: Residential Bedrooms: 5 Baths: 8 Square Footage: 9,011 Lot Size (sq. ft.): 89,315 Status: Active
Current Price: $24,995,000 List Date: 12/15/2025 Last Modified: 8/21/2026

Description

Newly completed private oceanfront estate on 2+ acres in Plantation Key, offering an extraordinary combination of scale, privacy, dockage, and resort-style living in the heart of the Florida Keys. Designed for luxury coastal living, entertaining, and extended stays, this exceptional estate features over 9,000 sq. ft. of interior living space and more than 15,000 sq. ft. under roof. Set behind a gated entry, the residence offers 5 ensuite bedrooms, 5 full baths, 3 half baths, multiple flex spaces, an elevator, expansive covered porches, and seamless indoor-outdoor living. Additional luxury spaces include an in-home theater, private gym, and a massive office overlooking the ocean, all of which could easily serve as additional bedrooms, creating the potential for an 8-bedroom layout. The outdoor spaces are designed to showcase the Atlantic Ocean setting, with a resort-style pool, jacuzzi, generous lounging areas, and sweeping oceanfront views. Boaters will appreciate the 80-ft dock, 20,000 lb boat lift, and 160-ft jetty, creating outstanding access for enjoying the Keys lifestyle. With vacation rental zoning, the property also offers investment flexibility for those seeking personal use, income potential, or a legacy estate. Private oceanfront acreage of this scale is increasingly rare in the Upper Keys, making 87895 Old Hwy a standout opportunity for the buyer seeking a newly completed Florida Keys estate with privacy, presence, flexible living space, and exceptional waterfront amenities.

More Information MLS# 617705

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $24,995,000 Listing Date: 2025-12-15 List Price: $24,995,000

Location, Tax & Legal

City: ISLAMORADA Off Shore Island: No Mile Marker: 85 Marathon Neighborhood: N/A Side: Ocean Flood Zone: VE-14 Alternate Key #: 1510491 Parcel #: 00415060-000000 Zoning: R1 - Residential Single Family Deed Restrictions: Unknown Legal: SWLY 100 FT & LONG ISLAND BAY BTM OF TR G PLANTATION BEACH PB2-76 PLANTATION KEY Taxes: 46665.15 Tax Year: 2024 Pub Sewer HkUp: Yes Street #: 87895 Street Name: Old Street Suffix: Highway Key/Island: Plantation Key State/Province: FL Zip Code: 33036 County: Monroe Subdivision: Misc Plantation Key (85.0) Area: 25 - Plantation Key

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: Yes Control Depth: 4 Lot SqFt: 89315 Pool: Yes Lot Sqft Source: Tax Records Acres: 0.16 SqFt Source: Property Data Card Rentals Allowed: With Restrictions Min Rental Days: 7 Style: Single Family Year Built: 2025 Living Apx SqFt: 9011 Total Bedrooms: 5 Full Baths: 5 Half Baths: 3 Total Baths: 8

Remarks & Misc

Remarks – Consumer: Newly completed private oceanfront estate on 2+ acres in Plantation Key, offering an extraordinary combination of scale, privacy, dockage, and resort-style living in the heart of the Florida Keys. Designed for luxury coastal living, entertaining, and extended stays, this exceptional estate features over 9,000 sq. ft. of interior living space and more than 15,000 sq. ft. under roof. Set behind a gated entry, the residence offers 5 ensuite bedrooms, 5 full baths, 3 half baths, multiple flex spaces, an elevator, expansive covered porches, and seamless indoor-outdoor living. Additional luxury spaces include an in-home theater, private gym, and a massive office overlooking the ocean, all of which could easily serve as additional bedrooms, creating the potential for an 8-bedroom layout. The outdoor spaces are designed to showcase the Atlantic Ocean setting, with a resort-style pool, jacuzzi, generous lounging areas, and sweeping oceanfront views. Boaters will appreciate the 80-ft dock, 20,000 lb boat lift, and 160-ft jetty, creating outstanding access for enjoying the Keys lifestyle. With vacation rental zoning, the property also offers investment flexibility for those seeking personal use, income potential, or a legacy estate. Private oceanfront acreage of this scale is increasingly rare in the Upper Keys, making 87895 Old Hwy a standout opportunity for the buyer seeking a newly completed Florida Keys estate with privacy, presence, flexible living space, and exceptional waterfront amenities. Directions: US1 south turn oceanside onto Plantation Blvd by Lyndhold Roofing. First right onto Old Highway, Property is 2nd driveway on your left after that. Large sign with rendering in front of secured gate

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

Dock Length: 80 Dock: Wood Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Ice Machine: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1

Waterfront

Oceanfront: 1

Waterview

Ocean View: 1 Open Water View: 1

Floor

Tile: 1

Neighborhood Feature

Airstrip: 1 Bike Paths: 1

Interior Features

Elevator: 1 Storage: 1 Walk-in Closet(s): 1

Property Condition

New Construction: 1

Specialty Rooms

Guest/Servant Qtrs: Legal Gym: 1 Laundry Room: 1 Theater Room: 1

Building Style

Above Flood: Yes Stilt Column Height: Tall - 10Ft & Over Stories: 3 Stories

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Car(s): 4+ Carport: 1 Covered Parking: 1 Guest Parking: 1 Open Parking: 1 RV Parking Open: 1 Attached: 1 Off Street Parking: 1 Trailer Storage: 1

Security

Electric Gate: 1

Construction

CBS: 1 Concrete: 1

Land Size

2 Less Than 5 Acres: 1

Furnished

Partially: 1

Utilities

Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Propane: 1 Water Separate Meter: 1

Porch/Balcony

Open Porch/Balcony: 1 Patio: 1

Pool Info

In Ground: 1 Heated: Yes Concrete: 1

Roof

Concrete Roof: 1

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Status Change Info

Status: Active

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Oceanfront Waterview: Ocean View; Open Water View Property Condition: New Construction Vehicle Storage: Carport; Attached; Covered Parking; Guest Parking; Off Street Parking; Open Parking; RV Parking Open; Trailer Storage Furnished: Partially Cooling: Ceiling Fans(s); Central Air Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Propane; Water Separate Meter Interior Features: Elevator; Storage; Walk-in Closet(s) Specialty Rooms: Gym; Laundry Room; Theater Room Appliances: Dishwasher; Dryer; Ice Machine; Microwave; Oven; Range; Refrigerator; Washer Pool Info: In Ground; Concrete Construction: CBS; Concrete Floor: Tile Roof: Concrete Roof Pets: Pets Allowed Neighborhood Feature: Airstrip; Bike Paths Security: Electric Gate Land Size: 2 Less Than 5 Acres
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: August - 21 - 2026
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 being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.