Developer and investors sell Palm Beach’s only private island and its renovated mansion for $150 million, a newly recorded deed shows. That price is $2 million less than the one reported in the MLS.
Darrell Hofheinz
Palm Beach Daily News
Editor’s note: This story was updated to include the buyer and reflect a recorded price of $150 million for the sale of 10 Tarpon Isle, as documented by the deed recorded May 20, 2024, by the Palm Beach County Clerk’s office. A previous version of the story reported a $152-million sale price based on a May 17 update of the closed sale in the Palm Beach Board of Realtors Multiple Listing Service.
It’s not unusual for prices of transactions recorded at the courthouse to be lower than those reported in the MLS, according to real estate observers. Recorded prices may not include real estate commissions, fees and other costs associated with the transaction.
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Palm Beach just saw a new lakefront price record set with a recorded $150 million sale of Tarpon Island — the town’s only private island — and its newly renovated and expanded mega-mansion. The price was recorded May 20 with the deed documenting the transaction.