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a large body of water with a city in the background: Seen in the foreground, private Tarpon Island in Palm Beach is on the market for $210 million, which includes a major renovation-and-expansion project to the house, or for $125 million as is. © [Aerial Photography Inc., Courtesy Todd Michael Glaser] Seen in the foreground, private Tarpon Island in Palm Beach is on the market for $210 million, which includes a major renovation-and-expansion project to the house, or for $125 million as is.

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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 — and more 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.

Looking southeast toward the south end of Palm Beach, circa 1937, this photo shows the south end of Everglades Island and Tarpon Way being dredged and filled. Tarpon Island, then known as Clement's Island, is shown only as a clump of trees without a bridge. © Historical Society of Palm Beach Looking southeast toward the south end of Palm Beach, circa 1937, this photo shows the south end of Everglades Island and Tarpon Way being dredged and filled. Tarpon Island, then known as Clement's Island, is shown only as a clump of trees without a bridge.

2. How do you get to Tarpon Island? Only by car or boat

The gated island can only be accessed by boat — there’s a dock on the east side — or a picturesque bridge at the end of Tarpon Way. That short road intersects 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 the island 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 transaction also was the fourth most-expensive transaction recorded in Palm Beach in 2021.

A rendering shows the renovation and expansion project developer Todd Michael Glaser has planned for a house on Tarpon Island in Palm Beach. © Courtesy ToddMichaelGlaser.com A rendering shows the renovation and expansion project developer Todd Michael Glaser has planned for a house on Tarpon Island in Palm Beach.

5. The house’s architecture is veddy, 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-style commissions.

A rendering shows the renovation-and-expansion project developer Todd Michael Glaser has planned for 10 Tarpon Way on private Tarpon Island in Palm Beach. © Courtesy Todd Michael Glaser A rendering shows the renovation-and-expansion project developer Todd Michael Glaser has planned for 10 Tarpon Way on private Tarpon Island in Palm Beach.

6. Expanding the house would add 18,000 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 and a six-car garage, along with two swimming pools.

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Darrell Hofheinz is a USA TODAY Network of Florida journalist. You can reach him by email at [email protected] or tweet @PBDN_hofheinz. Help support our journalism. Subscribe today to the Palm Beach Post or the Palm Beach Daily News.

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@PBDN_hofheinz

This article originally appeared on Palm Beach Daily News: Listed for $210 million: Six unusual facts about Palm Beach's only private island

Source : https://www.msn.com/en-us/finance/realestate/listed-for-24210-million-six-unusual-facts-about-palm-beachs-only-private-island/ar-AAPPtZq

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