88845 Old Hwy, Tavernier, FL 33070 — MLS photo

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88845 Old Hwy, Tavernier, FL 33070

Active · SingleFamilyResidence

$27,000,000

88845 Old Hwy, Tavernier, FL 33070

Beds
5
Baths
8
Living area
8,200 sq ft
$ / sq ft
$3,293/sq ft
Year built
2025
Lot size
94,089 sq ft
HOA fee
—
Annual tax
$29,601

About this property

Set on over 2 acres along prestigious Millionaire’s Row in Tavernier, this newly constructed oceanfront residence offers an extraordinary blend of scale, design, and modern coastal luxury. Encompassing approximately 8,200 square feet under air and over 16,000 total square feet, the home was thoughtfully designed for elevated living and grand-scale entertaining. The property features 5 bedrooms, 6 full baths, and 2 half baths, with all bedrooms offering en suite accommodations, custom closets, and refined finishes throughout. Additional highlights include a private office, elevator, whole-home sound system, 600-amp electrical service, and five independent AC zones. Interiors are curated with white diamond marble, rich teak wood flooring, custom millwork, and a striking steel roof. The chef’s kitchen is outfitted with premium Wolf, SubZero, and Cove appliances, dual dishwashers, farmhouse sinks, and custom mahogany countertops. With 240 feet of direct ocean frontage, outdoor living is equally impressive, anchored by a 120-foot resort-style pool with heating and chilling systems, a gas-heated spa, summer kitchen, cabana bath, and expansive covered entertaining areas. Additional features include a 3-car garage, climate-controlled workshop, and weekly rental zoning, offering both exceptional lifestyle appeal and investment potential.

Property location

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88845 Old Hwy, Tavernier, FL 33070

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Facts & features

Interior

Bedrooms
5
Bathrooms
8
Living area
8,200 sq ft
Flooring
Hardwood, Other, Wood
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Other, Refrigerator, Wine Cooler, Washer
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Bedroom On Main Level, Breakfast Area, Closet Cabinetry, Dining Area, Separate Formal Dining Room, Dual Sinks, Second Floor Entry, First Floor Entry, Main Level Primary, Other, Separate Shower, Upper Level Primary, Walk In Closets, Workshop

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2025
Lot size
94,089 sq ft
Architectural style
Two Story
Roof
Other
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors, Lighting, Outdoor Grill, Other, Patio
Pool
Infinity, Pool
Spa
Heated
Waterfront
Ocean Access, Ocean Front
View
Ocean, Other

Parking

Garage spaces
3
Covered spaces
3
Parking features
Attached, Circular Driveway, Driveway, Garage, Other, Paver Block

HOA, Community & Financials

Pets allowed
Dogs Ok, Yes
Annual tax
$29,601
Subdivision
PEARL CITY
County
Monroe
Days on market
7
MLS listing ID
A12014955
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

-$66,102

Cap rate
2.8%
Net yield
2.8%
Cash-on-cash return
-10.5%
Gross yield
4.0%
Mortgage payment
$127,994/mo
Down payment
$6,750,000
Loan amount
$20,250,000
Annual NOI
$742,707

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