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Palm Beach’s Only Private Island Could Be Yours For An Eye-Watering $210M
By Mikelle Leow, 06 Dec 2021
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Image via Realtor.com
Sure, you can have your Animal Crossing island for a mental getaway, but what if you’re ready for the real deal? The answer is located in Florida, but you’ll need US$210 million to spare.
Now listed on Realtor.com, the property, known as Tarpon Island, is the only private island in the swanky district of Palm Beach and is described to be the area’s most expensive plot of land. SFGATE reports that the waterfront property got a new owner in July, marking the first time it had been sold since 1998.
Now, the developer who bought the land, Todd Michael Glaser, wishes to revamp the island’s mansion and sell it off for US$210 million.
Built by dredging crews in the 1930s, the Colonial-style house consists of 11 bedrooms, 14 bathrooms, a lighted tennis court, a pool, and a boat dock. It is surrounded by 1,300 feet of waterfront and can be reached by boat or bridge.
Image via Realtor.com
As part of the US$210 million sale, Glaser intends to build an 18,000-square-foot adjacent addition, a garage that can fit six cars, and two more swimming pools, as well as partially renovate the mansion. However, if the new buyer chooses to develop the land on their own, the price will be brought down to US$125 million.
Image via Realtor.com
Palm Beach property expert Jeff Lichtenstein, who doesn’t represent Tarpon Island, believes that the next owner would forgo Glaser’s offer and stick with their own design plans. “I would imagine an end-user of this stature would want to pick their own architect/builder and have it done according to their custom specifications and needs,” he told SFGATE.
He said the property is “a one of a kind,” and that the buyer would appreciate its “elusive privacy, mixed with trophy status.”
Image via Realtor.com
[via SFGATE, images via Realtor.com]
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