87895 Old Highway

Islamorada, FL 33036

$14,500,000
Price
5
Beds
5
Baths
3
1/2 Baths
9,011 Sq. Ft.
$1,609 / Sq. Ft.
9,011
Sq. Ft.
$1,609
per Sq. Ft.

Description

Nestled in the panoramic setting of Islamorada, Florida, the brand new construction at 87895 Old Hwy offers a premium blend of luxury, privacy, and elegant island living. Sprawled over two acres on the azure Atlantic, this opulent abode stretches a massive 9,011 sq ft under air, extending to over 15,000 sq ft under roof. The expansive property includes five spacious bedrooms, five state-of-the-art baths, along with three additional half baths. The home features Thermador /Uline appliances including...Nestled in the panoramic setting of Islamorada, Florida, the brand new construction at 87895 Old Hwy offers a premium blend of luxury, privacy, and elegant island living. Sprawled over two acres on the azure Atlantic, this opulent abode stretches a massive 9,011 sq ft under air, extending to over 15,000 sq ft under roof. The expansive property includes five spacious bedrooms, five state-of-the-art baths, along with three additional half baths. The home features Thermador /Uline appliances including ice makers & upgraded eco-insulated commercial CGI windows and doors, an additional investment of $200k over the original allowance, that enhance the comfort and luxury of the interiors. Experience unmatched waterfront vistas with the house's 160 ft concrete jetty wrapped in a retaining wall and an 80 ft dock with electric and water facilities. Preserve your luxury vessels on the 20k 4 post elevator lift, adding convenience to lifestyle. The residence also includes an exercise room w/ possible conversion to 6th bedroom, theater room w/ possible conversion to 7th bedroom , office/den, & a laundry room on each level. An elevator ensures smooth movement across the floors. Indulge in outdoor living with the private pool, jacuzzi & around 1735 sqft of porches for lavish entertainment & serene lounging. The property comes protected by a concrete retention wall along the entire perimeter of the shoreline, ensuring complete tranquility. A private gated entrance exudes grandeur while providing security. This estate is zoned (Residential Estate), allowing the owner to apply for vacation rentals, if desired. Currently under construction with an estimated completion date in February or March 2024, the property is perfect for those seeking a custom luxury experience. Enjoy a world-class island living experience in this architecturally significant estate filled with premium luxuries nestled right on the turquoise-blue waters of the Atlantic. Agents please check agent remarks
  1. Listed by Samuel Davis Williams • Coldwell Banker Schmitt Real Estate Co.

Property Details for 87895 Old Highway

Waterfront
Oceanfront
Waterfront
Yes
Zoning
R1 - Residential Single Family
Subdivision
Plant Beach (87.5)
Directions
US1 south turn oceanside onto Plantation Blvd by Lyndhold Roofing. First right onto Old Highway, Property is 2nd driveway on your left after that. Large sign with rendering in front of secured gate
Vehicle Storage
Attached, Trailer Storage, Off Street Parking, RV Parking Open, Open Parking, Guest Parking, Covered Parking, Carport
Pets
Pets Allowed

Location

Listing Courtesy of Coldwell Banker Schmitt Real Estate Co.
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LISTING UPDATED: 01/08/2024 11:55 AM

Property Details for 87895 Old Highway

StatusActive
MLS #606146
Days on Market277
Taxes$35,864 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built2023
Lot Size2.05 AC / 89,315 SF
CountyMonroe County

Location

Listing Courtesy of Coldwell Banker Schmitt Real Estate Co.
Add your commute

Virtual Tour

Building Information for 87895 Old Highway

Stories3Year Built2023Building Size-Lot Size2.05 AC / 89,315 SF

Payment Calculator

$82,121 per month

30 year fixed, 7.25% Interest

Principal and Interest

$79,132

Property Taxes

$2,989

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 87895 Old Highway

Summary
Location and General Information
  • Waterview: Ocean View, Open Water View
  • Area: 25 - Plantation Key
  • Absolute Longitude: 80.556885
  • Control Depth: 4
  • Off Shore Island: No
  • Listing Board: Marathon/Lower Keys
  • Side: Ocean
  • Mile Marker: 87.5
  • Marathon Neighborhood: N/A
  • Neighborhood Feature: Airstrip
  • Key/Island: Plantation Key
Owner
  • Owner Name: Beach Holdings Llc
Taxes and HOA Information
  • Association Info: Mandatory Home Owners Asc: No
  • Association Info: 1st Right of Refusal: No
  • Fee Includes: None
  • Furnished: Unfurnished
  • Tax Year: 2022
  • Tax Exemptions: None
Property
Lot Information
  • Acres: 0.16
  • SqFt Remarks: 9011 includes the entry on ground floor
  • Parcel #: 00415060-000000
  • Land Size: 2 Less Than 5 Acres
Property and Assessments
  • Legal: SWLY 100 FT & LONG ISLAND BAY BTM OF TR G PLANTATION BEACH PB2-76 PLANTATION KEY
  • MLS Approved: Y
  • Bank Owned: No
  • Limited Representation: No
  • SqFt Source: Builder/Architect
  • Flood Zone: VE-14
  • Rentals Allowed: With Restrictions
  • Deed Restrictions: Unknown
  • Picture Count: 62
  • Document Count: 0
  • Building Style: Above Flood: Yes
  • Building Style: Stilt Column Height: Tall - 10Ft & Over
  • Property Condition: New Construction
  • Security: Electric Gate
Utilities
  • Utilities: Elect Separate Meter, Water Separate Meter, FKAA, Municipal Sewer
  • Pub Sewer HkUp: Yes
  • Species List: No
  • Pool: Yes
  • Pool Info: Heated: Yes
  • Pool Info: Concrete, In Ground
  • Porch/Balcony: Open Porch/Balcony, Patio
Interior and Exterior Features
Interior Features
  • Floor: Tile
  • Interior Features: Elevator, Storage, Walk-in Closet(s)
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Microwave, Ice Machine, Dryer
Exterior Features
  • Roof: Concrete Roof
  • Dockage: Dock Length: 80
  • Dockage: Dock: Wood
  • Dockage: Seawall: Concrete
  • Dockage: Dock Permit: Yes
  • Construction: CBS
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
Room Information
  • Specialty Rooms: Gym, Theater Room, Laundry Room
  • Specialty Rooms: Guest/Servant Qtrs: Legal

Property History for 87895 Old Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 87895 Old Highway

Taxable ValueLand$5,028,808Additions$65,159Total$5,093,967
Tax Record2023$41,482 ($3,457 / month)
Home Facts
Beds0Lot Size96,167 SqFtStyleResidentialCountyMONROEAPN00415060-000000

Schools near 87895 Old Highway

This home is within Monroe.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 1 to 12
Public - 6 to 12
Charter - PK to 8
Rating
School
Distance
Plantation Key School
PublicPK to 8

Key West High School
Public1 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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87895 Old Highway is a single family home for sale in Islamorada, FL 33036. This property was listed for sale on July 29, 2023 by Coldwell Banker Schmitt Real Estate Co., it's currently listed at $14,500,000. It has been on the market for a total of 277 days and was last sold on December 3, 2021. This listing's school district is Monroe. Nearby schools include Plantation Key School, Key West High School and Upper Keys Academic Connections for Excellence. 87895 Old Highway is a 5-bed, 6.5-bath, 9,011 sqft single family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Schmitt Real Estate Co.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.