Located amongst the right peerage in the Florida Keys archipelago’s chain of tiny islands, the Pumpkin Keys private island is the most expensive real estate in the world as of now. Marked at $22,000/sqft, for the 5,000sqft house that comes with the 26 acre island, the property is listed with the Sotheby’s International real estate division. It was put on the market by the widow of George Berry, a businessman from Chicago.
The value of the property is not in just the house, which is rather a small property of 5000sqft with 3 bedrooms and 3½ baths, sitting on a 26 acre island of trees and bushes, along with the 20-slip marina with room for mega yachts, tennis courts (also Helipads when required), caretakers cottages, dock master’s apartment, a golf cart path circling the island. The island, which is self-sufficient in electricity and water, offers 12 large bay front lots of one-and-half acre that can be developed and sold.
More importantly, the accessibility and location of Pumpkin Key is what makes it prime. This isolated island provides privacy, and yet not far from top actions. It is 10 minutes away from Miami’s happening South Beach by helicopter and a 10 minute boat ride away from Ocean Reef, the private club in Key Largo, where it gets its own docking space. The Miami International Airport is barely one hour away from Ocean Reef. The Fort Lauderdale/Hollywood International Airport is 1.5 hours away. Ocean Reef itself is serviced by its own private 4,456 foot lighted runway for small private planes.