News Alert: Tarpon Island in Palm Beach, Florida, the rarest of real estate offerings, sells for US$85,000,000 in an off-market transaction
The sale is the fourth most-expensive transaction recorded in Palm Beach this year and sets a record for a waterfront property without a private beach in a market facing an unprecedented shortage of inventory Palm Beach’s total single family residential
New York, New York (July 14, 2021) — Christie’s International Real Estate proudly announces that Premier Estate Properties in Palm Beach, Florida, has closed on Tarpon Island, a sanctuary of more than two acres and the only private island in all of Palm Beach. Jim McCann represented the seller. The buyer is developer Todd Michael Glaser.
Tarpon Island is ultimately private, currently accessible only by boat or a pedestrian bridge. Epitomizing Palm Beach’s discreet glamour, the island with its home built by noted society architect Howard Major in 1939, has been owned by William M. Toll and his wife, Eileen for decades. Mr. Glaser has stated that his plan is to renovate and expand the residence.
Said Mr. McCann: “I was honored to have been chosen to represent the seller in the disposition of such an important, iconic property.”
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About Christie’s International Real Estate
Christie’s International Real Estate has successfully marketed high-value real estate around the world for more than 30 years. Through its New York City brokerage and invitation-only Affiliate network spanning 49 countries and territories, Christie’s International Real Estate offers incomparable services to a global clientele at the luxury end of the residential property market. The company has offices in London, New York City, Hong Kong, Los Angeles, and Palm Beach, and its affiliated brokerages have recorded approximately US$500 billion of real estate transactions over the last five years. (Data as of June 30, 2021.) For additional information, please visit christiesrealestate.com.