#610778, Brett Newman, Listing Office: Coldwell Banker Schmitt Islamorada
87895 Old Hwy Islamorada, FL 33036
Property details
About 87895 Old Hwy
Nestled in the panoramic setting of Islamorada, Florida, the brand new construction at 87895 Old Hwy offers a premium blend of luxury, privacy, and elegant island living. Sprawled over two acres on the azure Atlantic, this opulent abode stretches a massive 9,011 sq ft under air, extending to over 15,000 sq ft under roof. The expansive property includes five spacious bedrooms, five state-of-the-art baths, along with three additional half baths. The home features Thermador /Uline appliances including ice makers & upgraded eco-insulated commercial CGI windows and doors, an additional investment of $200k over the original allowance, that enhance the comfort and luxury of the interiors. Experience unmatched waterfront vistas with the house's 160 ft concrete jetty wrapped in a retaining wall and an 80 ft dock with electric and water facilities. Preserve your luxury vessels on the 20k 4 post elevator lift, adding convenience to lifestyle. The residence also includes an exercise room w/ possible conversion to 6th bedroom, theater room w/ possible conversion to 7th bedroom , office/den, & a laundry room on each level. An elevator ensures smooth movement across the floors. Indulge in outdoor living with the private pool, jacuzzi & around 1735 sqft of porches for lavish entertainment & serene lounging.The property comes protected by a concrete retention wall along the entire perimeter of the shoreline, ensuring complete tranquility. A private gated entrance exudes grandeur while providing security. This estate is zoned (Residential Estate), allowing the owner to apply for vacation rentals, if desired. Currently under construction, the property is perfect for those seeking a custom luxury experience. Enjoy a world-class island living experience in this architecturally significant estate filled with premium luxuries nestled right on the turquoise-blue waters of the Atlantic. Agents please check agent remarks
Highlights
Summary
- MLS Number: 606146
- MLS Name: Marathon
- Office Name: Coldwell Banker Schmitt Real Estate Co.
- Office Phone: (305) 743-5181
Information is deemed to be reliable, but is not guaranteed. © 2025 MLS. Based on information from the Marathon and Lower Keys Association of REALTORS®. The information on this sheet has been made available by the MLS and may not be the listing of the provider. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/23/2025, 4:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$14,500,000
87895 Old Hwy
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Price information
Property sales
Date | Event | Price |
---|---|---|
Dec 06, 2021 | Home Sold | $7,000,000 |
Oct 16, 2020 | Home Sold | $375,000 |
Oct 16, 2020 | Home Sold | $375,000 |
Oct 16, 2020 | Home Sold | $375,000 |
Oct 16, 2020 | Home Sold | $375,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $5,093,967 | $41,482 |
2022 | $3,854,989 | $35,863 |
2021 | $1,300,761 | $35,863 |
History based on county public records data.
Nearby schools
9
Ocean Studies Charter
Public Charter KG-5
4.2 mi
•92295 Old Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $69,186. The most common annual income of people living in Islamorada, FL is less than $<35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
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Frequently asked questions
About 87895 Old Hwy
This home is located at 87895 Old Hwy in Islamorada, FL and zip code 33036. This 9,011 square foot home, which was built in 2023, sits on a 0.16 acre lot. Features: 5 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since February 20, 2025 and is currently priced at $14,500,000.
In March 2025, from all listings sold in Islamorada, FL there were more than 0 sold above asking price, over 17 sold below and more than 2 were sold right at the asked price. In March 2025 in Islamorada, FL there were 10.8% more homes for sale than in February. Listings spent 214 days on the market in March 2025, and had a median list price of $1,112,500 during the same period.