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Slice RealtyPropiedad Futura

$40,000,000

8 bd · 11 ba · 9,704 sq ft · Single Family Residence

88835/88845 Old Hwy, Tavernier FL 33070

For Sale · Active listing

Est. payment $219,818/mo · Mortgage calculator

Listed by Serhant / Angel Nicolas

Contact: 305-409-9093 (listing contact).

Shown through Slice Realty. Requests from this page reach Slice Realty / Propiedad Futura, not the listing agent.

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.

Facts
MLS #
A12015811
Subdivision
PEARL CITY
Property type
Residential
Property subtype
Single Family Residence
Sq. ft.
9,704
Price per sq. ft.
$4,122 / sq ft
Year built
2025 (New Construction)
Days on market
29
County
Monroe County
Date listed
May 8, 2026
Last updated
May 15, 2026
Financial considerations
Taxes
$81,311 (2025)
Exterior features
Waterfront
Yes
View
Ocean, Direct Ocean
Construction
Concrete Block Construction, Concrete Block With Brick
Roof
Metal Roof, Other
Additional features
Built-In Grill, Open Balcony
Interior features
Heating
Central
Cooling
Central Air
Appliances
Dishwasher, Disposal, Dryer, Microwave, Other Equipment/Appliances, Electric Range, Washer
Window features
Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass
Additional 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
Additional features
Pets allowed
Dogs OK
Community
Other Subdivision - See Remarks

Mortgage calculator

Includes principal and interest, taxes and insurance.

Rate: Freddie Mac 30-year average (2026-10-22). Estimate only.

Loan amount$32,000,000
Total cost of mortgage$79,134,407
Monthly payment$219,818

Local context (our analysis)

Area stats are available for our covered neighborhoods. See neighborhoods.

Source: Southeast Florida MLS (SEFMLS). Last updated May 15, 2026, 4:20 PM ET

Listing data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.