Newly completed private oceanfront estate on 2+ acres in Plantation Key, offering an extraordinary combination of scale, privacy, dockage, and resort-style living in the heart of the Florida Keys. Designed for luxury coastal living, entertaining, and extended stays, this exceptional estate features over 9,000 sq. ft. of interior living space and more than 15,000 sq. ft. under roof.
Set behind a gated entry, the residence offers 5 ensuite bedrooms, 5 full baths, 3 half baths, multiple flex spaces, an elevator, expansive covered porches, and seamless indoor-outdoor living. Additional luxury spaces include an in-home theater, private gym, and a massive office overlooking the ocean, all of which could easily serve as additional bedrooms, creating the potential for an 8-bedroom layout.
The outdoor spaces are designed to showcase the Atlantic Ocean setting, with a resort-style pool, jacuzzi, generous lounging areas, and sweeping oceanfront views. Boaters will appreciate the 80-ft dock, 20,000 lb boat lift, and 160-ft jetty, creating outstanding access for enjoying the Keys lifestyle.
With vacation rental zoning, the property also offers investment flexibility for those seeking personal use, income potential, or a legacy estate. Private oceanfront acreage of this scale is increasingly rare in the Upper Keys, making 87895 Old Hwy a standout opportunity for the buyer seeking a newly completed Florida Keys estate with privacy, presence, flexible living space, and exceptional waterfront amenities.
New construction
$24,995,000
87895 Old Hwy, Plantation Key, FL 33036
5beds
9,011sqft
Single Family Residence
Built in 2025
6,969 Square Feet Lot
$-- Zestimate®
$2,774/sqft
$-- HOA
What's special
Gated entryResort-style poolPrivate gymMultiple flex spacesSweeping oceanfront viewsExpansive covered porchesGenerous lounging areas
- 301 days
- 1,108
- 59
Zillow last checked:
Listing updated:
Listed by:
Samuel Davis Williams 305-289-6559,
Coldwell Banker Schmitt Real Estate Co.
Source: FLKMLS,MLS#: 617705
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 8
- Full bathrooms: 5
- 1/2 bathrooms: 3
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Ice Maker
- Laundry: Laundry Room
Features
- Elevator, Storage, Walk-in Closet(s), Gym
- Flooring: Tile
Interior area
- Total structure area: 9,011
- Total interior livable area: 9,011 sqft
Video & virtual tour
Property
Parking
- Parking features: Attached, Open, RV Access/Parking, Storage
- Has attached garage: Yes
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Porch/Balcony, Patio
- Has private pool: Yes
- Pool features: In Ground, Concrete
- On waterfront: Yes
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 00415060000000
- Zoning: R1 - Residential Single Family
- Other equipment: Home Theater
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS, Concrete
Condition
- New Construction
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Utilities for property: Water Separate Meter, Elect Separate Meter
Community & HOA
Community
- Features: Bike Paths
- Security: Security Gate
- Subdivision: Misc Plantation Key (85.0)
HOA
- Has HOA: No
- Services included: None
Location
- Region: Plantation Key
Financial & listing details
- Price per square foot: $2,774/sqft
- Tax assessed value: $6,521,310
- Annual tax amount: $46,665
- Date on market: 12/15/2025
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Listed for sale | $24,995,000+72.4%$2,774/sqft |
Source: | ||
| 6/3/2025 | Listing removed | $14,500,000$1,609/sqft |
Source: | ||
| 7/29/2023 | Listed for sale | $14,500,000+107.1%$1,609/sqft |
Source: | ||
| 12/6/2021 | Sold | $7,000,000$777/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $50,919 +9.1% | $5,130,991 +10% |
| 2024 | $46,665 +12.5% | $4,664,537 +10% |
| 2023 | $41,482 +15.7% | $4,240,488 +10% |
| 2022 | $35,864 +175.3% | $3,854,989 +196.4% |
| 2021 | $13,026 | $1,300,761 +1495027.5% |
| 2020 | -- | $87 -100% |
| 2019 | $2,375 +10.8% | $487,856 -1.4% |
| 2018 | $2,143 -1.4% | $494,632 |
| 2017 | $2,173 +0% | $494,632 -16% |
| 2016 | $2,172 -15.2% | $588,544 +16.4% |
| 2015 | $2,563 | $505,776 |
Find assessor info on the county website
Monthly payment
Est. payment






