A private island for sale in Florida just saw a $30M price cut – jacksonprogress-argus

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The bad news is that you still need that spare $187.5 million. Tarpon Island, a 2.3acre private island created in the Intercoastal Waterway around Florida’s Palm Beach in 1930, came back onto the real estate market for the first time in 23 years in 2021.

With both the country’s and Florida’s real estate markets in the middle of a boom, luxury real estate developer Todd Michael Glaser purchased it for $85 million in July and then relisted it again for $210 million just a few months later in November. Even though Glaser’s team completed a full renovation that doubled the size of the main mansion from 12,000 to over 23,000 square feet, the aggressively bold asking price reflected both Glaser’s confidence and what was then skyrocketing home price growth in Southern Florida.


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