Water Views
Address
88835/88845 Old Hwy, Tavernier, FL
Price
$ 40,000,000
Property Attributes
- MLS#A12015811
- TypeSingle Family
- Listing Status Active
- CountyMonroe
- CityTavernier
- Area98 Florida Keys
- NeighborhoodPEARL CITY
- Zip33070
- Style
- Year Built2025
- Taxes$ 81311
- Price$ 40,000,000
- Bedrooms8
- Full Bathrooms8
- Half Bathrooms3
- Sqr Footage9704
Data Source:
Southeast Florida MLS (SEFMLS)
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.
| Price History | |
|---|---|
| 5/8/2026 | Listed $40,000,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Central |
| Cooling | CentralAir |
| Utilities | CableAvailable |
| Possession | ClosingAndFunding |
| Roof | Metal,Other |
| Appliances | Dryer,Dishwasher,ElectricRange,Disposal,Microwave,Other,Washer |
| Garage Spaces | 3 |
| Patio/Porch Features | Balcony,Open,Patio,Porch |
| Architectural Style | ContemporaryModern,Detached,TwoStory |
| Pool Features | Infinity,Pool |
| Restrictions | SeeRemarks |
| Construction Materials | Brick,Block |
| Pets Allowed | DogsOk,Yes |
| Year Built | 2025 |
| View | Ocean |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | SingleFamilyResidence |
| Tax Year | 2025 |
| Waterfront Features | OceanAccess,OceanFront |
| Community Features | Other,SeeRemarks |
| Accessibility | AccessibleElevatorInstalled,Other |
| County | Monroe |
| Property Type | Residential |
| Attached Garage | true |
| Subdivision Name | PEARL CITY |
| Facing Direction | West |
| Garage Y/N | true |
| Other Structures | GuestHouse |
| Full Baths | 8 |
| Special Listing Conditions | ListedAsIs |
| Status | Active |
| City | Tavernier |
| Senior Community Y/N | false |
| Zoning Description | SS |
| MLS Area | 98 Florida Keys |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 311889 |
| Listing Terms | Cash,Conventional |
| Spa Features | Heated |
| Year Built Details | New Construction |
| Tax Annual Amount | 81311 |
| MLS Area Minor | Other Geographic Area (Out Of Area Only) |
| Lease Considered Y/N | false |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A12015811 |
| Standard Status | Active |
| Occupancy Type | CallAgent |
| Property Sub Type Additional | SingleFamilyResidence |
| PostalCity | Tavernier |
| 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 |
Interior Features
| Interior Amenities | BuiltInFeatures,BedroomOnMainLevel,BreakfastArea,ClosetCabinetry,DiningArea,SeparateFormalDiningRoom,SecondFloorEntry,EntranceFoyer,FirstFloorEntry,LivingDiningRoom,MainLevelPrimary,UpperLevelPrimary,WalkInClosets,Elevator,Workshop |
|---|---|
| Flooring | Hardwood,Other,Wood |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | ImpactGlass |
| Half Baths | 3 |
| Total Bedrooms | 8 |
| Total Baths | 11 |
Exterior Features
| Exterior Amenities | Balcony,OutdoorGrill,Porch,Patio,SecurityHighImpactDoors |
|---|---|
| Parking Features | Attached,CircularDriveway,Covered,Driveway,Garage,Other,PaverBlock |
| Lot Features | FiveToTenAcres |
| Water Source | Public |
| Lot Size Area | 311889 |
| Spa | true |
| Building Area Total | 18115 |
| Frontage Length | 480 |
| Waterfront Y/N | true |
| Covered Spaces | 3 |
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
Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.
Data Last Updated: September 11, 2026 3:21 PM UTC
Information is deemed to be reliable, but is not guaranteed. © 2026 MLS and FBS. Prepared by Florida Keys MLS, Inc. on September 11, 2026 3:16 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
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
