Private 26-acre island in Florida Keys on the market for $75 million

MONROE COUNTY, Fla. – In the words of Jimmy Buffett: “If there’s a heaven for me, I’m sure it has a beach attached.”

A private island off the coast of Key Largo is now on the market for $75 million.

According to a listing by Compass, the 26-acre private island in Monroe County has a “pool home” on site, three separate apartments, a 23-slip marina and two tennis courts which convert to a helipad for a quick commute to Miami.

The listing by Liz Hogan, also includes a waterfront mainland home in the Ocean Reef Club in Key Largo.

The island, known as Pumpkin Key, can be yours for a monthly payment of about $412,000. That’s based on a 30-year fixed mortgage with a 7.25% interest.

According to the listing, the island features 12 developable waterfront lots in case you’re interested in building a private compound. 

There are also golf cart paths that circle the island and standard amenities, like internet, running water and electricity. 

The price tag also includes a waterfront “mainland home” in Key Largo’s Ocean Reef Club, pictured below, that is a four-minute boat ride from the private island with a 100-foot dock. 

The private community has its own airport for private jets, a member-only hotel, restaurants, another marina and two 18-hole golf courses. However, you’ll have to abide by a strict dress code when you’re taking advantage of the community amenities. 

The listing agent, Liz Hogan, told USA Today the current owners of the estate are from the Midwest and have used it as a family compound, but the family’s generations are now “growing out of it.” 

There are over two dozen private islands for sale across the U.S., according to a website that tracks them.

Source: Scripps News, Local 10, and Profile Miami