Tarpon Island

Florida island mansion listed for sale with $290 million price tag

PHOTO: Tarpon Island in Palm Beach, Florida, has been listed for sale with a $290 million asking price. ToddMichaelGlaser.com

A one-of-a-kind island estate in Florida’s mansion-laden Palm Beach has hit the market for the third time in 2021, with a scarcely believable asking price – $US210 million ($A288.7 million).

Built in the 1930s, Tarpon Island was bought in July by prominent Miami property developer Todd Michael Glaser for an already eye-watering $US85 million.

Tarpon Island in Palm Beach, Florida, has been listed for sale with a near-$290 million asking price. Photo: ToddMichaelGlaser.com

But, less than three months after dropping the exorbitant eight-figure sum, Glaser looked to cash in on Palm Beach’s rampant real estate market and listed the island paradise for a shattering $US120 million.

As The Wall Street Journal reported at the time, buyers also had the option of spending another $US80 million to pay for the island’s considerable makeover, which is yet to begin.

The sprawling residence is the only private island in Palm Beach. Photo: ToddMichaelGlaser.com

Mr Glaser has obviously blown out the budget for Tarpon’s imminent revitalisation just a touch, because the price is now $US210 million – or, to put it in another shocking way, slightly more than quarter of a billion Aussie dollars.

However, for that amount of cash, prospective buyers can at least enjoy a laundry list of luxuries.

Until 2021, Tarpon Island had been owned by the same family for a few decades. Photo: ToddMichaelGlaser.com