88835/88845 Old Hwy, Tavernier, FL 33070

$40,000,000
8
BD
11
BA
9,704
SqFt

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List Price
$40,000,000
MLS#
A12015811
Subdivision
Pearl City
Status
ACTIVE
Type
Single Family Residential
Bedrooms
8
Full baths
8
Half baths
3
Living Area
9,704

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.

Additional Information

Days on Market
81
View
Ocean, Direct Ocean
Waterfront Description
Ocean Access, Ocean Front
Tax Amount
$81,311
Water Access
Boatlift, Dock Available, Other, Private Dock, Dock Available, Lift, Other Water Access, Private Dock
Parcel Number
00415240-000000
#Garage Spaces
3
Bedroom Description
At Least 1 Bedroom Ground Level, Entry Level, Primary Bedroom Ground Level, Primary Bedroom Upstairs
Front Exposure
West
Special Information
New Construction
Lot Size
311,889
Exterior Features
Built-In Grill, Open Balcony
Parking Restrictions
Circular Driveway, Covered, Driveway, Other, Paver Block
Pet Restrictions
Dogs OK
Pets Allowed
Yes
Address
88835/88845 Old Hwy, Tavernier
SqFt Liv Area
9,704
Year Built
2025
Design
Detached, Two Story, Modern/Contemporary
Development Name
Pearl City
Style
House
Restrictions
See Broker Remarks
Construction Type
Concrete Block Construction, Concrete Block With Brick
Interior 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

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