The only private island in Florida’s tony Palm Beach has relisted asking a mighty $187.5 million — a price that not only marks a $30.5 million discount from the $218 million the property sought last year, but also makes this the state’s most expensive home for sale.
The Palm Beach Daily News first reported news of this listing, located at 10 Tarpon Isle. The roughly 2.3-acre island itself is artificial, but it boasts 1,163 total feet of waterfront on all four sides, and has views of the Intracoastal Waterway and Lake Worth Lagoon.
And still, despite the recent price cut, this mansion is among the priciest homes for sale in the nation, according to Mansion Global.
This re-entry to the market comes as Florida has seen a big year for luxury sales, not to mention a number of moves from out-of-staters there since 2020.
Most recently, Amazon titan Jeff Bezos announced in November he’s leaving Seattle for Florida, where he’s purchased multiple mansions — including a $79 million spread on Indian Creek Island. In late 2022, businesswoman and philanthropist Adrienne Arsht sold her 4-acre Miami compound for a record $106.87 million to none other than Chicago hedge-fund billionaire Ken Griffin, who himself hails from Florida.
This Palm Beach offering includes nearly 29,000 square feet of living space — indoor and outdoor — 11 bedrooms, and amenities such as a 98-foot lakefront swimming pool with a spa tub and a cold plunge pool.
Developer Todd Michael Glaser, along with investors Jonathan Fryd and Scott Robins, are the team behind this mansion. It’s part newly built, with the original 1930s structure remaining onsite as the wellness facility and guest pavilion. They paid $85 million for Tarpon Island in July 2021.
That wellness facility comes with a massage room, a waterfront gym, a steam room and a sauna, plus a hair and nail salon. There’s also a main house, staff areas and a five-car garage — not to mention a wine room and an elevator.
As for other outdoor perks, a new buyer could also get a lighted tennis court and two private docks.
The team recently finished construction, with the updated asking price reportedly reflecting its state of completion. It previously asked that higher price while work was ongoing in case a prospective buyer sought to make changes.
Chris Leavitt of Douglas Elliman and Suzanne Frisbie of the Corcoran Group share the listing.
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