by Global Lifestyle Properties

Check Availability
$40,000,000
● House - For Sale

88835/88845 Old Hwy

Tavernier, FL 33070
bedrooms
8 Beds
bathrooms
8 Baths, 3 Half Baths
square feet
9,704 Ft²
$203,183
Est. Monthly

About This Property

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.
Unit Size
9,704 Ft²
Days on Market
150 days
Land Size
7.16 acres
Price per sqft
$4,122
Property Type
House
Property Taxes
$6,776
HOA Dues
-
Year Built
2022

Listed By

Angel Nicolas
Engel & Volkers Miami Coral Gables

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Last updated: 25 days ago (Miami MLS #A12015811)

Price History

Date / Event Date Event Price
May 8, 2026 Listed by Serhant $40,000,000
Listed by Serhant
Sep 24, 2018 Sold
Sold
Aug 23, 2018 No longer available -
No longer available
Aug 13, 2018 Listed by Serhant $5,995,000
Listed by Serhant
Jul 9, 2017 Listed $5,995,000
Listed
THE ZIM ESTATE (photos and video are pre-Hurricane Irma) is an impressive 7.73 acre oceanfront estate located on Millionaire's Row with a total of 5 homes (8 parcels) on 6.57 acres upland plus 1.16 acres bay-bottom. The Village has confirmed 7 market-rate units. The protected boat basin is approx. 200' x 70' with deep-water draft. The 440' of waterfront affords outstanding ocean views, and spacious, open outdoor island living. The manager has listed the unit size as 8762 square feet.

Property Highlights

Parking Available
Air Conditioning
Elevator
Garage
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Circular Driveway, Covered, Driveway, Other, Paver Block
Garage Spaces: 3
Interior Details
Half Bathrooms: 3
Full Bathrooms: 8
Interior Features: Built-in Features, Elevator, Entrance Foyer, Other, Walk-In Closet(s), First Floor Entry, Second Floor Entry, Closet Cabinetry, Family Room, Florida Room, Workshop
Appliances: Dishwasher, Disposal, Dryer, Microwave, Other, Electric Range, Washer
Flooring Type: Other, Wood
Exterior Details
Square Footage: 9704
Property Condition: New Construction
Architectural Style: Detached, Two Story, Modern/Contemporary
Year Built: 2025
Waterfront Features: Ocean Access, Ocean Front
Building Name: PEARL CITY
Building Area Total: 18115
Other Structures: Guest House
Building Area Units: Square Feet
Window Features: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass
Construction Materials: Concrete, Concrete Block With Brick
Patio and Porch Features: Patio, Open Balcony, Open Porch
Lot Features: 5 To Less Than 10 Acre Lot
Lot Size Area: 311889
Lot Size Units: Square Feet
Lot Size Acres: 7.16
Lot Size Square Feet: 311889
Water Source: Municipal Water
Financial Details
Tax Annual Amount: $81,311
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 9
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 164

    Dimensions

  • Lot Size Square Feet: 89,298
  • Total Building Area: 1,504
  • Gross Building Area: 1,504
  • Building Area: 1,504
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,504
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEARL CITY
  • Land Acres: 0000002050
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: 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 OR1155-1043 OR1182-2441 OR1359-308 OR1359-309 OR1437-1458 OR1437-1459 OR1612-530 OR2928-987 OR2928-989 OR2928-99

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 970800

Zoning

  • Zoning: SS

Geography

  • Assessors Map Reference: 23-07
  • Account Number: 1511498
  • Parcel: 00415240-000000
  • Lot: 2
  • Meridian: SEC 07 TWN 63S RNG 38E
  • Municipality: ISLAMORADA VILLAGE OF ISLANDS
  • Latitude: 24.9739
  • Longitude: -80.5512

    Address

  • Full Address: 88835 Old Hwy
  • Address - House Number: 88835
  • Address - Street Name: Old
  • Address - Suffix Type: Hwy
  • State: FL
  • City Name: Tavernier
  • Carrier Code: R001
  • 4-Digit Zip Code: 2038
  • Zip Code: 33070

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,291,146
  • Tax Rate Code Area: 50VI

    Market Valuation

  • Market Total Value: $7,266,008
  • Market Land Value: $6,547,620
  • Market Improvement Value: $718,388

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,266,008
  • Assessed Land Value: $6,547,620
  • Assessed Improvements Value: $718,388

    Sales

  • Current Sale Contract Date: Sep 19, 2018
  • Current Sale Recording Date: Sep 24, 2018
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18002187785
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Islamorada, Village of Islands


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Frequently Asked Questions

When was property at 88835 Old Highway built and last sold?
The property at 88835 Old Highway was built in 2022 and last sold on Sep 19, 2018 for $1,666,700.
How much is this home worth?
The estimated value of the home located at 88835 Old Highway is $39,243,930.
What are some comparable homes to 88835 Old Highway?
There are currently no comparable homes to 88835 Old Highway.