Have you ever dreamed of owning your very own island? Many have, but few get the chance to realize the dream. Right now, though, you have the chance to make it happen. Pumpkin Key, Florida is for sale. Its owner – the widow of George Berry, a Chicago businessman – has listed the property with Sotheby’s Realty (click here to view Sotheby’s site) for $110 million. Whether you’re purchasing for your retirement or as an investment opportunity, this is an offer that only comes around once in a lifetime!
If the price seems a bit steep, well, then you aren’t looking at the big picture. You’re not just purchasing a piece of property, after all. Included with that price tag, you’ll get Berry’s 5,000 square-foot house, a dock master’s private accommodations and office, and two caretaker’s cottages. Although the property is marketed as a potential family home, it also offers 12 large bay front lots on it, so there is a great potential for further real estate development. In addition, the tennis courts at the center of the property also serve as a helipad, and golf cart paths circle the island. There is also plenty of wildlife, both night and day, which maybe attractive to a potential buyer.
Lying less than a 50-minute boat ride from Miami, Florida, and just ten minutes by helicopter to the city’s infamous South Beach. Pumpkin Key is located in Card Sound, off the west coast of North Key Largo. The 26-acre island is part of the gated Ocean Reef Club community, and it’s north of Route US 1, giving it more privacy and security than most of the other Keys. With its prime location, let’s discuss some of the reasons you might want to buy your own slice of paradise.
Your Personal Playground
The Florida Keys are famous for their pristine beauty, beautiful weather, and glorious beaches. This chain of islands running south from the coast of Florida have been a vacation destination for people from all over the world for decades upon decades, and it’s no wonder. Each Key has its own appeal and its own flare.
From the exquisite natural beauty of Bahia Honda to the Sunset Festival and other funky tourist attractions of Key West, vacation goers love the drive down US 1, with all of its different takes on what paradise can be. Who hasn’t dreamed of buying their own little (or big piece) of this amazing paradise? Pumpkin Key gives you a unique opportunity.
Not only is it adjacent to North Key Largo and part of a gated community, but it’s also far enough away to avoid tourists and maintain as much privacy as you want. The island has 16 lots, only two of which have been developed, leaving all kinds of room for exploration and play.
You could do everything or nothing with the rest of your land. Enjoy your own private dock and beach. Take a boat ride around your own island. Build a guest house in one of the lots adjacent to the house or on the other side of the Key, if you like.
A Great Real Estate Investment
If you’re an investor, Pumpkin Key has a lot of possibilities. With 15 undeveloped lots, you could purchase the property and begin building them out or selling them as-is to people who want to purchase their own tiny piece of paradise. While $110 million is not a small price tag, this property has a lot of potential as an investment.
Not everyone can afford their own island, but a lot of people want to invest in retirement properties in the Keys. You could potentially make a lot of money by investing in Pumpkin Key now. For more information please call Sotheby’s Realty office at (305) 336-0457.