A 26-acre private island known as Pumpkin Key is currently on the market for $75 million. The listing, managed by Compass, offers a unique combo deal that includes a mainland home in Key Largo along with the entire island, complete with multiple amenities for convenient estate management.
The estate's current owner, a family from the Midwest, has utilized Pumpkin Key as a family compound. However, with the generations growing, the property is now seeking new ownership. The listing agent mentioned that the property is likely to attract either a family looking for a family compound and a legacy property or a developer interested in building on the island and selling individual parts.
The mainland home included in the listing is situated on the Key Largo coast, closest to Pumpkin Key. It features a dock extending over 100 feet, allowing for quick boat access between the mainland and the island. Additionally, the home is part of the Ocean Reef Club in Key Largo, which is described as a fully sufficient year-round resort. The club offers amenities such as a private airport for jets, a member-only hotel, a marina, and two 18-hole golf courses.
For those interested in the island itself, there are 11 undeveloped lots with infrastructure ready for construction. The island boasts a 23-slip marina capable of accommodating a mega-yacht, as well as tennis courts that can be converted into a helicopter pad for quick trips to Miami.
Each structure on the island is equipped with fiber optic cable, water, and electricity. The recent sale of an acre-lot on the mainland for $24.5 million indicates the high value of properties in the area.
