The luxury real estate market in the Florida Keys boasts a unique and extravagant property now available for sale. Pumpkin Key, a private island offering privacy and accessibility, is on the market for $95 million. This impressive property covers approximately 10.52 hectares (26 acres) and is located in Card Sound Bay near Key Largo.
Despite its secluded location, Pumpkin Key is conveniently situated just an hour’s drive from Miami International Airport and a ten-minute helicopter ride from South Beach. This accessibility makes it an attractive option for those seeking a private retreat without being completely isolated from urban centers.
The property features a 2,942-square-foot (273.37-square-meter) main house with three bedrooms and three and a half bathrooms. Additionally, the island boasts a private marina that can accommodate up to 20 boats, including space for a mega-yacht, as well as tennis courts that can double as a helipad.
With its prime location near Miami and the Ocean Reef Club in Key Largo, along with its striking natural beauty, Pumpkin Key stands as an exceptional and sought-after property. The island has two houses for caretakers and an apartment for the dock master, offering high-end infrastructure and a strategic location.
While Forbes notes that the value of Pumpkin Key lies in its natural environment, the property has significant development potential. The island is largely undeveloped, making it an attractive opportunity for buyers seeking to customize the space to their preferences. Possibilities for development include creating a family resort or private club within the Ocean Reef private club.
A symbol of luxury and exclusivity in the Florida real estate market, Pumpkin Key has drawn attention for its reduced price and unique features, offering potential buyers privacy, natural beauty, and accessibility in one of the most prestigious destinations in the United States.
Those interested in purchasing a private island in Florida must navigate various legal and regulatory considerations. These can range from zoning and land use review to environmental regulations and access to basic services. Additionally, non-US citizens or permanent residents will need to comply with immigration laws and regulations when purchasing the property.
For potential buyers, seeking advice from lawyers specializing in real estate and environmental laws, as well as real estate agents experienced in similar transactions, is essential to navigating the purchase process smoothly.