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South Florida Housing Market Sees Mixed Results: Palm Beach and Broward Surge While Miami-Dade Trails

April 30, 2026

St. Regis Residences North Tower Secures $113.75 Million Loan from City National Bank

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Related Group and BH Group Secure $360 Million for New Miami-Area Condo Project

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Broward County Florida

Dave Portnoy Buys $28 Million Florida Keys Mansion, Citing ‘Coffee Crisis’

November 11, 2025
Dave Portnoy's $28 million Florida Keys mansion
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Barstool Sports founder Dave Portnoy has purchased a new waterfront mansion in the Florida Keys for $27.75 million, setting a new record for the most expensive home ever sold in Islamorada. This significant real estate move comes after Portnoy publicly lamented issues with his previous Miami mansion, including misplacing his coffee and dealing with mold and construction delays. The new property is described as a sprawling sanctuary offering unparalleled luxury and privacy.

Key Takeaways

  • Dave Portnoy acquired a $27.75 million mansion in Islamorada, Florida.
  • The purchase broke local records for the highest property sale.
  • Portnoy cited issues with his previous Miami home, including a "coffee crisis," as a reason for the move.
  • The new estate boasts extensive luxury amenities and a separate guest house.

A New Sanctuary in the Florida Keys

Portnoy’s latest acquisition is a lavish estate located in the picturesque Florida Keys village of Islamorada. The property, which cost $27.75 million, has set a new benchmark for real estate sales in the area. This move follows Portnoy’s previous purchase of a $14 million Miami mansion, which he had humorously described as too large, leading to a "coffee crisis" where he couldn’t find his morning brew.

Addressing Past Grievances

In addition to the humorous "coffee crisis," Portnoy had also expressed frustration with his Miami home regarding mold issues and construction delays. He took to social media platform X (formerly Twitter) to seek recommendations for mold remediation companies and voiced his exasperation with ongoing construction costs. The new Islamorada property appears to be a solution to these past inconveniences, offering a seemingly problem-free "sanctuary."

Opulent Features of the New Estate

The Islamorada mansion is situated on a 1.65-acre gated compound and features 150 feet of private bayfront. The main house, spanning 7,500 square feet, includes five bedrooms, six bathrooms, and a high-end gourmet kitchen equipped with a built-in coffee system, marble countertops, and top-tier appliances. Additional luxury amenities include a 180-bottle wine cellar, a media-ready living room, and an elevator. Outdoors, the estate boasts two swimming pools, a private beach, a full outdoor kitchen with a pizza oven, and a tackle room, catering to a lifestyle of leisure and entertainment. A separate 2,666-square-foot guest house with its own pool further enhances the property’s exclusivity.

Portnoy’s Expanding Real Estate Portfolio

This latest purchase adds to Portnoy’s already substantial real estate portfolio, estimated to be worth $95 million. His previous holdings include properties in desirable locations such as Nantucket, Montauk, Saratoga Springs, and Miami. The new Florida Keys estate represents a significant investment and a potential shift in his primary residence, offering panoramic water views and ultimate privacy.

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Sources

  • Dave Portnoy drops $28 million on a new Florida mansion – just to solve a coffee crisis, Daily Mail.

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