88835/88845 Old Hwy, Tavernier, FL 33070

$40,000,000 · Active

MLS #A12015811

Price

$40,000,000

Status

Active

Bedrooms

8

Bathrooms

9.5

Living area

9,704 sq ft

Home type

Single Family Residence

Year built

2025

Lot size

7.16 acres

Full bathrooms

8

Half bathrooms

3

Private pool

Yes

Waterfront

Yes

New construction

Yes

County

Monroe County

Garage spaces

3

Annual property taxes

$81,311

Subdivision

PEARL CITY

Style

"Detached", "Two Story", "Modern\/Contemporary"

Appliances & Equipment

Appliances: Dishwasher, Disposal, Dryer, Microwave, Other Equipment/Appliances, Electric Range, Washer · Other Equipment: Elevator

Bathrooms

Full Bathrooms: 8 · Half Bathrooms: 3 · Bathrooms Total: 11

Bedrooms

Total Bedrooms: 8 · Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bedroom Ground Level, Primary Bedroom Upstairs

Building

Living Area: 9704 · New Construction · Architectural Style: Detached, Two Story, Modern/Contemporary · Construction Materials: Concrete Block Construction, Concrete Block With Brick · Year Built: 2025 · Year Built Details: New Construction · Building Area Total: 18115 · Building Name: PEARL CITY · Entry Location: Foyer · Structure Type: House

Community

Features: Other Subdivision - See Remarks

Cooling

Cooling: Central Air

Accessibility Features

Accessibility Features: Accessible Elevator Installed, Other Bath Modificat

Exterior Features

Features: Built-In Grill, Open Balcony · Patio/Porch: Open Balcony, Open Porch, Patio

Floors

Flooring: Other, Wood

Garage

Garage · Garage Is Attached · Covered Spaces: 3 · Garage Spaces: 3

Water Features

Water Source: "Municipal Water"

Heating

Heating: Central

Interior Features

Features: First Floor Entry, Second Floor Entry, Built-in Features, Closet Cabinetry, Elevator, Entrance Foyer, Other, Walk-In Closet(s), Family Room, Florida Room, Workshop, Master Downstairs

Lot

Square Feet: 311889 · Frontage Length: 480 · Features: 5 To Less Than 10 Acre Lot

Parking

Open Parking · Features: Circular Driveway, Covered, Driveway, Other, Paver Block

Pool

Spa

Property

Leasable Area Units: Square Feet · Property Condition: New Construction · View · View: Ocean, Direct Ocean · Waterfront · Waterfront Features: Ocean Access, Ocean Front

Roof

Roof: Metal Roof, Other

Sewer

Sewer: Public Sewer

Windows

Features: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass

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About this home

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.

Courtesy of Serhant.

Contact LPT Realty at (877) 366-2213 to ask about this home.