305-609-4190
88835/88845 Old Hwy, Tavernier FL 33070
Active Single Family Residence Waterfront

88835/88845 Old Hwy, Tavernier FL 33070

Tavernier, FL, 33070

$40,000,000

Est. $202,262/mo (20% down)

8
Beds
9.5
Baths
9,704
Sq Ft
2025
Year Built
—
Lot Sq Ft
3
Garage

Photo Gallery (33 photos)

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.

Property Details

MLS #

A12015811

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

2025

Days on Market

29

Pool

No

Waterfront

Yes

Price / Sq Ft

$4,122

HOA Fee

None

Est. Insurance

$13,333/mo

Tax Year

2025

Tax Amount

$81,311

Garage

3 Car

Lot Size

—

MLS Area

Pearl City

Subdivision

PEARL CITY

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$280,000
Est. Monthly Rent
1.5%
Cap Rate
7.6%
Cash-on-Cash
$610,237
Net Operating Income

ROI Projections (4% Annual Appreciation)

146%
5-Year ROI
Value: $48,666,116
316%
10-Year ROI
Value: $59,209,771
515%
15-Year ROI
Value: $72,037,740

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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