Islamorada Private Estate Lists for Staggering $23 Million

The Florida Keys luxury real estate market is absolutely booming! The market is seeing some of the finest properties hitting the market in years, with unbelievable homes available that rival the finest beachfront resorts. The latest to hit the market is a stunning beachfront property in Islamorada - and it is listed for a staggering $23 million.

The property is located at 80999 Old Highway in the Palm Harbor neighborhood of Islamorada, and has a plethora of characteristics and amenities that make it worthy of its hefty price tag. The land alone is worth millions, as the property is approximately 6.5 acres of beachfront real estate. The home is a sprawling 7,000 square foot, four bedroom estate plus an additional two bedroom guesthouse. Residents can enjoy a stunning resort-style pool, as well as a spa right on the premises. The property also features four tiki huts that are used for outdoor lounging and parking, giving it the island ambiance that residents - whether full time or part time - have come to expect from the Florida Keys.

Arguably the best feature of the home is not what is inside - although the finishes are all top of the line and beautifully high-end - but what is outside. The Islamorada property features 150 feet of ocean frontage, creating an unobstructed private beach for residents of the home to feel like they have their own private island. Property owners also have a 2 acre private boat basin that opens right out to open ocean, and a 500 foot dock with two private lifts that can hold a sizable vessel.

The current owners of the property originally purchased it back in 2015 for $13.125 million. The current listing price of $23 million would represent a significant return on investment for the couple, a retired former president of APSCO and a retired stockbroker, who reportedly love to purchase and upgrade properties. In addition to refurbishing the home, the couple has relandscaped, upgraded appliances, and added quirky touches like a “secret” garden and a miniature version of Stonehenge to the property. The current owners have used the estate as a second home - living in Miami full-time - and are looking for a new project. They see the current strength of the market for luxury homes for sale in Islamorada as a great opportunity to move on to the next property.

The home at 80999 Old Highway in Islamorada is currently listed at $23 million, making it  near the top of the list of most expensive listings in the Florida Keys.