88835 Old Hwy, Tavernier, FL 33070 — MLS photo

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88835 Old Hwy, Tavernier, FL 33070

Active · SingleFamilyResidence

$15,000,000

88835 Old Hwy, Tavernier, FL 33070

Beds
3
Baths
3
Living area
1,504 sq ft
$ / sq ft
$9,973/sq ft
Year built
2022
Lot size
89,298 sq ft
HOA fee
—
Annual tax
—

About this property

Set along prestigious Millionaire’s Row in Tavernier, 88835 Old Highway presents a rare waterfront offering spanning over 3 oceanfront acres, plus an additional acre with a protected private boat basin. Blending privacy, expansive land, and future potential, this exceptional property embodies refined coastal living in the Upper Keys. Completed in 2022, the residence features 3 bedrooms, 2 bathrooms, and approximately 1,500 square feet of thoughtfully designed interiors with impact windows and doors, rich hardwood flooring, a steel metal roof, and a designer kitchen outfitted with premium Viking appliances. Outdoor spaces are designed for effortless luxury, featuring shell stone porch flooring, covered parking, lush tropical landscaping, and low-maintenance turf. The estate consists of three separate parcels, including a buildable lot (Lot 1A), the current homesite (Lot 2A), and a natural hammock parcel (Lot 3A) that serves as a permanent privacy buffer, enhancing the property’s exclusivity and tranquility. With direct access to a private boat basin and the rare opportunity to create a custom waterfront compound, 88835 Old Highway offers an unmatched combination of immediate enjoyment, development flexibility, and long-term value in one of the Florida Keys’ most coveted waterfront enclaves.

Property location

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88835 Old Hwy, Tavernier, FL 33070

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,504 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2022
Lot size
89,298 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Monroe
MLS listing ID
A12014942
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$64,046

Cap rate
0.6%
Net yield
0.6%
Cash-on-cash return
-18.3%
Gross yield
3.5%
Mortgage payment
$71,108/mo
Down payment
$3,750,000
Loan amount
$11,250,000
Annual NOI
$84,736

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.