
MIAMI REALTORS® MLS88835/88845 Old Highway, Tavernier, FL 33070
- Beds
- 8
- Baths
- 11
- Sqft
- 9,704
- Home type
- Single Family Residence
- Year built
- 2025
- Lot size
- 311,890 sqft
- Price / sqft
- $4,122
- HOA
- —
- Community
- PEARL CITY
Property description
A rare dual-parcel offering on prestigious Millionaire’s Row in Tavernier, 88835 and 88845 Old Highway present an extraordinary opportunity to own one of the Upper Keys’ most expansive and versatile oceanfront compounds. Spanning multiple acres with 480 feet of waterfrontage, the property combines exceptional privacy, premier boating access, and remarkable future development potential. At 88845 Old Highway, a newly constructed 8,200 SF modern estate showcases 5 bedrooms, 6 full baths, 2 half baths, designer finishes, smart-home technology, a resort-style 120-foot pool, and a protected basin with dockage, boat lift, and deep-water access. Complementing the main estate, the adjacent parcel at 88835 Old Highway encompasses over 3 additional acres and introduces a rare layer of flexibility and long-term value. The property includes a renovated 3-bedroom residence completed in 2022, a transferable TDR allowing for the future construction of a substantially larger primary residence, an additional buildable lot, and a lush natural hammock buffer that enhances privacy and exclusivity. Together, this exceptional compound delivers an unmatched blend of luxury living, investment potential, and future flexibility in one of the Florida Keys’ most coveted waterfront settings.
Listing activity
- Days on market
- 168
- Listed
- May 8, 2026
- MLS listing updated
- May 31, 2026
- Feed last checked
- 6 minutes ago
Listed by Angel Oscar Nicolas · Serhant
Map
Map location is based on MLS-supplied coordinates. Verify the location before relying on it.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms
- 8
- Bathrooms
- 11
- Bathrooms (decimal)
- 9.5
- Full bathrooms
- 8
- Half bathrooms
- 3
Rooms & features
- Rooms
- 4
- Interior features
- Built-in Features, Closet Cabinetry, Elevator, Entrance Foyer, Walk-In Closet(s), Other
- Flooring
- Wood, Other
- Appliances
- Dishwasher, Disposal, Dryer, Electric Range, Microwave, Washer, Other
- Other equipment
- Other
Heating & cooling
- Heating
- Central
- Cooling
- Central Air
Property
Parking
- Garage spaces
- 3
- Garage
- Yes
- Covered spaces
- 3
- Parking features
- Attached, Attached Garage, Circular Driveway, Covered, Driveway, Garage, Paver Block
- Attached garage
- Yes
Exterior
- Stories
- 2
- Building area
- 18,115 sqft
- Patio & porch
- Porch - Open, Porch, Patio
- Exterior features
- Balcony, Built-in Barbecue
- Pool
- Yes
- View
- Ocean, Direct Ocean
- Waterfront
- Other, Ocean Access, Ocean
- Waterfront property
- Yes
- Spa
- Yes
- Spa features
- Heated
Lot
- Lot size
- 311,890 sqft
- Lot size (acres)
- 7.16 acres
- Zoning
- SS
Construction
Type & style
- Home type
- Single Family Residence
- Architectural style
- Contemporary
- Year built
- 2025
- New construction
- Yes
Materials
- Construction
- Block, Concrete Block - No Stucco
- Roof
- Metal, Other
- Property condition
- New Construction
- Levels
- Two
- Faces
- West
Utilities & green energy
Utilities
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Available
Community & HOA
Community
- Subdivision
- PEARL CITY
- MLS area
- 5940 - Other Florida County
- MLS subarea
- Other
- Pets allowed
- Dogs OK, Yes
- 55+ community
- No
Association
- Has association
- No
- Amenities
- Other
Lease details
Not reported by the listing source.
Location
Area details
- City
- Tavernier
- County
- Monroe
- ZIP code
- 33070
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- A12015811
- Possession
- Negotiable
- Original list price
- $40,000,000
- Parcel number
- 00415240000000
- Annual property tax
- $81,311
- Tax year
- 2025
- Tax legal description
- LT 2 PEARL CITY PLANTATION KEY PB2-134 G43-412 G75-103 OR455-470 OR710-894 OR762-729 OR793-1145 OR831-2031 OR921-314 OR978-346 OR1038-451 OR
Additional MLS details
Reported by the listing source
- Association Amenities
- Other
- Association
- No
- Bathrooms Total Decimal
- 9.5
- Bathrooms Total Integer
- 11
- Building Area Total
- 18115
- Construction Materials
- Block, Concrete Block - No Stucco
- County Or Parish
- Monroe
- Days On Market
- 168
- Direction Faces
- West
- Elementary School
- Plantation Key
- High School
- Coral Shores
- List Price
- 40000000
- Listing Contract Date
- 2026-05-08
- Living Area
- 9704
- Lot Size Acres
- 7.16
- Lot Size Area
- 311889
- MLSArea Major
- 5940 - Other Florida County
- MLSArea Minor
- Other
- Middle Or Junior School
- Plantation Key
- Mls Status
- Active
- On Market Date
- 2026-05-08
- Patio And Porch Features
- Porch - Open, Porch, Patio
- Photos Count
- 33
- Postal Code
- 33070
- Property Sub Type
- Single Family Residence
- Property Type
- Residential
- Rooms Total
- 4
- Senior Community
- No
- Standard Status
- Active
- State Or Province
- FL
- Status Change Timestamp
- 2026-05-08T04:00:00Z
- Stories Total
- 2
- Subdivision Name
- PEARL CITY
- Water Source
- Public
- Waterfront Features
- Other, Ocean Access, Ocean
- Tax Annual Amount
- 81311
- Bathrooms Full
- 8
- Pool Private
- Yes
- Bedrooms Total
- 8
- Bathrooms Half
- 3
Market value
Price history
| Date | Event | Price |
|---|---|---|
| May 8, 2026 | ListedMIAMI REALTORS® MLS | $40,000,000$4,122/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $81,311 | — |
Payment calculator
- Principal & interest
- $207,551
- Property taxes
- $6,776
- Insurance
- $20,000
- Association dues
- —
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Neighborhood
Area
PEARL CITYTavernier · Monroe County · 33070
Climate risk
—No licensed climate-risk source is connected.
Nearby schools
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Property photos coming from MLS
MIAMI REALTORS® MLS
MIAMI REALTORS® MLS