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New construction
    • $24,995,000

    87895 Old Hwy, Plantation Key, FL 33036

    5beds
    9,011sqft
    : 
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    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 spacesExceptional waterfront amenitiesSweeping oceanfront viewsExpansive covered porches
    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.
    207 days
    |
    1,148
    |
    49
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Samuel Davis Williams 305-289-6559,

    Coldwell Banker Schmitt Real Estate Co.

    Source: FLKMLS,MLS#: 617705MLS LogoOriginating MLS: Marathon/Lower Keys

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      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, Ice Machine, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
      • Laundry: Laundry Room
      Features
      • Elevator, Walk-In Closet(s), Storage, Gym, Theater Room
      • Flooring: Tile
      • Doors: Impact Rstnce Doors
      • Windows: Impact Rstnce Window
      Interior area
      • Total interior livable area: 9,011 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Carport, Trailer Storage, Covered, RV Parking Open, Off Street, Guest, Open, Attached
      • Has carport: Yes
      • Has uncovered spaces: Yes
      Features
      • Levels: 3 Stories
      • Stories: 3
      • Patio & porch: Open Porch/Balcony, Patio
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Concrete
      • Has view: Yes
      • View description: Ocean, Water
      • Has water view: Yes
      • Water view: Ocean,Water
      • Waterfront features: Oceanfront, Waterfront, Seawall: Concrete, Dock: Wood, Dock Length: 80
      Lot
      • Size: 6,969 Square Feet
      • Features: 2 Less Than 5 Acres
      Details
      • Additional structures: Guest House
      • Parcel number: 00415060000000
      • Zoning: R1
      • Zoning description: Residential Single Family
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS, Concrete
      • Roof: Concrete
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2025

      Utilities & green energy

      • Electric: Elect Separate Meter
      • Sewer: Municipal Sewer, Public Sewer
      • Water: Water Separate Meter
      • Utilities for property: FKAA, Propane

      Community & HOA

      Community
      • Features: Airport/Runway, Bike Paths
      • Security: Electric 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

        DateEventPrice
        12/15/2025Listed for sale$24,995,000+72.4%$2,774/sqft
        Source: Key West AOR #617705 Report a problem
        6/3/2025Listing removed$14,500,000$1,609/sqft
        Source: MLKAR #606146 Report a problem
        7/29/2023Listed for sale$14,500,000+107.1%$1,609/sqft
        Source: MLKAR #606146 Report a problem
        12/6/2021Sold$7,000,000$777/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33036

        Getting around

        23 / 100
        Car-Dependent
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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