Private island off Florida Key coast lists for $75M

Pumpkin Key, a 26-acre private island off of Key Largo, was recently listed for $75 million. The opportunities at 10 Cannon Point Road are plentiful, according to the listing, which promises no less than a “private retreat, legacy investment or a sanctuary for generations.”

The listing features a single-family home built in 1985, a 5,200-square-foot property with 12 bedrooms and 12 bathrooms.

The island has a pool house, three separate apartments, a dockmaster office, a white sand beach and two tennis courts, which can be converted into a helipad. There are also 12 lots on the waterfront — each spanning one acre — and a 23-slip marina large enough to accommodate a mega yacht.

Owners of the island won’t need to rough it, as there’s modern infrastructure on the island, including fiber optic cable.

The listing includes an additional waterfront home on the mainland with a 100-foot dock and membership in the Ocean Reef Club, which is a four-minute boat ride away from the island. The luxury club has a private airport, two golf courses, a 175-slip marina, tennis & lawn sports facilities, a fitness center, salon and spa, medical center, oceanfront inn, and various shopping and dining options.

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While the listing has only been on the market for a few days, it jumped on and off the market several times in recent years at a higher price point of $95 million. Two years ago, there was a contingent offer, according to Zillow, which evidently fell through.

Compass’ Liz Hogan has the listing. A representative for the listing declined to provide the identity of the seller.