Private island off Florida Key coast lists for $75M

26-acre property listing includes second waterfront home on mainland

Private Island Off Key Largo Coast Up for Grabs for $75M
Compass agent Liz Hogan along with 10 Cannon Point Road in Key Largo, Florida (Getty, Compass Real Estate, Legendary Productions)

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.

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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.