Residential

89505 Old Highway, Plantation Key

$26,400,000.00

Bedroom 7 bedrooms
Full Bathroom 6 full baths
Half Baths 4 half baths

  • MLS #: 620022
  • Address: 89505 Old Highway, Plantation Key, FL 33070
  • Date Listed: 5/24/2026
  • Days on Market: 17
  • SQFT: 8988
  • Acres: 7.64
  • Restrictions: Unknown
  • Subdivision: Trop Coral Reef (89.0)

Location Location

Agent Comments Agent Comments
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.

Amenities Amenities
  • Stainless Steel Appliance(s)
  • Dishwasher
  • Disposal
  • Dryer
  • Gas Appliances
  • Ice Machine
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Washer
  • Wine Cooler

Interior Features Interior Features
  • Cool System: Ductless, Central Air, Ceiling Fans(s)
  • Heat System: Central
  • Floors: Wood, Tile, Marble
  • Rooms: Gym, Laundry Room, Loft, SaunaSteam Room, SunFlorida Room, Utility Room
  • Interior: Utility Room, Entrance Foyer, Walk-in Closet(s), Bar, Built-in Cabinets, Cathedral Ceilings, Drapes/Blinds Incl, Elevator, Fireplace(s), Granite Counter Top, Security System, Smoke Alarms, Split Bedroom, Storage, Wet Bar, Gym, Loft, Sauna, Sun/Florida Room

Exterior Features Exterior Features
  • Parking: Covered, Attached, Garage Door Opener
  • Roof: Metal
  • Pool: Yes
  • Exterior: Tennis Court(s), Lighting, Bar, Built-in Grill, Chickee Hut, Detached Guest Qtrs, Fencing, Gazebo, Hot Tub, Lanai, Outdoor Kitchen, Outdoor Shower, Privacy Wall/Fence, Sandy Beach, Sprinkler System, Storage, Water Display

Additional Features Additional Features
  • County: Monroe
  • Property Type: Single Family Residence
  • Tax Number: 2147483647
  • Waterfront Features: Oceanfront, Open Water
  • Water/Sewer: Cable Available, FKAA, Municipal Sewer, Propane, Water Separate Meter, Whole House Generatr
  • Stories: 3 Stories
  • Year Built: 2008