Palm Beach island mansion listed for sale with $290 million price tag

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.

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.

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.

The island residence – complete with a stunning 11-bedroom, 14-bathroom mansion – ihas a tennis court, a pool and pristinely manicured grounds, and can be accessed via air, land or sea.

Any new owners will probably need to have a fairly insouciant attitude towards climate change or the notion of rising sea levels, though, because there’s every chance the Tarpon Island could be a lot closer to the drink in the not too distant future.