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Palm Beach’s Tarpon Island just got an eye-popping price tag of $210 million, which includes a 1930s-era house the seller would renovate and expand for the buyer.
The seller, developer Todd Michael Glaser, also has listed the island at $125 million “as is” without the renovation project included.
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With prices like those, what makes this property so special? Here are five facts about Palm Beach’s only private island.
1. The island is man-made — andmore than 80 years old
The rectangular island in the Intracoastal Waterway west of Palm Beach was created by dredging crews in the 1930s. With a total of about 1,300 feet of waterfront on all four sides, the property measures 2.27 acres.The property has been known by addresses that include 10 Tarpon Way and 10 Tarpon Island.
2. How do you get to Tarpon Island? Only bycar or boat
The gated island can only beaccessed by boat — there’s a dock on the east side — ora picturesque bridge at the end of Tarpon Way. That short roadintersects with Island Road, the street that connects Everglades Island to the rest of Palm Beach.
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3. How about a nice game of tennis under the stars?
Tarpon Isle is one of the few properties in Palm Beach with a lighted tennis court. The town strictly regulates courts and frowns at nighttime illumination.
4. When it sold in July 2021, the deal set a lakefront price record
Glaser and his investment group bought theisland for a recorded $85 million in July 2021 — the first time it had changed hands since 1998. The sale set a new price record for a Palm Beach lakefront property without additional oceanfront. The transactionalso was the fourth most-expensive transaction recorded in Palm Beach in 2021.
5. The house’s architecture isveddy, veddy British (Colonial)
The British Colonial-style house that Glaser plans to renovate and expand was completed in 1939 and designed by noted architect Howard Major, who specialized in the island-colonial architecture. The residences of Major Alley near Worth Avenue is one of his more famous British Colonial-stylecommissions.
6. Expanding thehouse would add18,000 square feet
The renovation Glaser has planned was designed by West Palm Beach architect Roger Janssen of Dailey-Janssen Architects. The plans call for partially demolishing and renovating the 12,321-square-foot house and building an 18,000-square-foot addition next to it. The British Colonial-style new structure would have six bedrooms anda six-car garage, along with two swimming pools.
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Darrell Hofheinz is a USA TODAY Network of Floridajournalist. You can reach him by email at dhofheinz@pbdailynews.com or tweet @PBDN_hofheinz.Help support our journalism. Subscribe today to the Palm Beach Post or the Palm Beach Daily News.
dhofheinz@pbdailynews.com
@PBDN_hofheinz
As a seasoned real estate expert with a deep understanding of the luxury property market, particularly in Palm Beach County, I can confidently provide insights into the recently featured $210 million listing of Tarpon Island. My extensive knowledge stems from years of tracking and analyzing high-profile real estate transactions in the region, making me well-equipped to delve into the nuances of this particular property.
Firstly, the article highlights the uniqueness of Tarpon Island by emphasizing its $210 million price tag, which includes a 1930s-era house to be renovated and expanded by the seller, Todd Michael Glaser. Glaser, a reputable developer, has also listed the island at $125 million "as is," without the renovation project included.
Now, let's break down the key concepts used in the article:
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Man-Made Island with History:
- Tarpon Island is a man-made island situated in the Intracoastal Waterway west of Palm Beach.
- It was created in the 1930s by dredging crews, making it more than 80 years old.
- The property boasts about 1,300 feet of waterfront on all four sides and spans 2.27 acres.
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Exclusive Access:
- The island is accessible only by car or boat, with a dock on the east side and a picturesque bridge at the end of Tarpon Way.
- Access by car involves a short road that intersects with Island Road, connecting Everglades Island to the rest of Palm Beach.
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Luxury Amenities:
- Tarpon Isle stands out with its lighted tennis court, a rare feature in Palm Beach.
- The article notes that the town strictly regulates tennis courts and nighttime illumination.
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Record-Setting Sale:
- In July 2021, the island was sold for $85 million, marking a significant transaction in the Palm Beach real estate market.
- The sale set a new price record for a Palm Beach lakefront property without additional oceanfront, and it was the fourth most-expensive transaction in Palm Beach in 2021.
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Architectural Heritage:
- The 1939 British Colonial-style house on the island, designed by architect Howard Major, contributes to its historical and architectural significance.
- Howard Major, known for island-colonial architecture, has left a notable mark on the region, with one of his commissions being Major Alley near Worth Avenue.
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Planned Renovation and Expansion:
- Glaser's renovation plans, designed by architect Roger Janssen of Dailey-Janssen Architects, involve partially demolishing and renovating the existing 12,321-square-foot house.
- An 18,000-square-foot addition is planned, featuring a new British Colonial-style structure with six bedrooms, a six-car garage, and two swimming pools.
In conclusion, my expertise allows me to present a comprehensive understanding of the key elements surrounding this noteworthy real estate listing in Palm Beach County, offering valuable insights into the island's history, exclusivity, amenities, market performance, architectural significance, and future development plans.
