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For Sale

89505 Old Highway

89505 Old Highway, Plantation Key, FL 33070

$26,400,000

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.

7
beds

10
baths

8,988 Sq.Ft. LIVING AREA

4.76 Acres lot

Leslie Leopold

title Real Estate Advisor
PHONE 305.942.0215
EMAIL lleopold@oceansir.com

Cheri Tindall

title Broker Associate
PHONE 305.664.7661
EMAIL ctindall@oceansir.com

Features & Amenities

Interior

total bedrooms7
Total bathrooms10
full bathrooms6
half bathrooms4
Laundry room Laundry Room
Flooring Wood, Tile, Marble
APPLIANCES Stainless Steel Appliance(s), Dishwasher, Disposal, Dryer, Gas Appliances, Ice Machine, Microwave, Oven, Range, Refrigerator, Washer, Wine Cooler
other interior Features 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

Area & Lot

Status For Sale
Living Area8,988 Sq.Ft.
Total Area8,988 Sq.Ft.
Lot Area4.76 Acres
MLS® ID620022
TypeResidential
YEAR BUILT2008
NeighborhoodIslamorada
Architecture StylesAbove Flood
View DescriptionOpen Water View, Ocean

Exterior

PoolConcrete, Heated, Salt Water, In Ground, Decked
roofMetal
parkingCovered, Attached, Garage Door Opener
HEAT TYPECentral
AIR CONDITIONINGDuctless, Central Air, Ceiling Fans(s)
Disability FeaturesAccessible Elevator Installed
security FeaturesElectric Gate, On Premises System, Patrolled Area
other exterior FeaturesTennis 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

Financial

Sales Price$26,400,000
Real Estate Tax $58,331/yr
Zoning NR - Native Residential

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