A private island in Palm Beach has the potential to become the most expensive residence ever sold in Florida if its asking price of $218
million is met.
Developer Todd Michael Glaser and his partners paid $85 million for 10 Tarpon Isle, Palm Beach’s sole private island, in 2021. They
built a totally new house, converted the existing structure into a guest house, and installed a large pool, tennis courts, and other
amenities before relisting the property.
“I paid $85 million without a hesitation because there’s only one of them,” he stated. “You watch art; they sell. A Mercedes 300 SLR
recently sold for $142 million. That’s what this is… it’s one of a kind.”
When Glaser purchased Tarpon Isle, it contained a modest 1940s house with plenty of potential.
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“I came over the bridge, I saw the two trees and I said, ‘Guys, let’s knock down the garage and the guest house and the maid’s quarters
and let’s build a brand new house,'” Mr. Glaser recalled.
The new main residence measures over 9,000 square feet. With the guest house, tennis pavilion, and other structures, the property
now boasts more than 21,000 square feet of living area. There are 11 bedrooms, 15 full bathrooms, and seven half baths.
Tarpon Isle, unlike many Palm Beach houses, is a study in modern simplicity, with sweeping water vistas on all four sides.
The master bedroom suite includes a huge number of closets, baths, and sitting places. The biggest of the two bathrooms is a temple of
white Italian marble that covers the flooring, counters, ceiling, and enormous shower. A huge soaking tub in front of the windows
views the Intracoastal Waterway.