Pumpkin Key for sale: A private island near Miami slashes its price

In the exclusive real estate market of Florida KeysA featured offer has emerged: Pumpkin KeyA private island, for sale USD 95 million. The property, which was initially listed in 2014 for USD 110 million, according to Miami New TimesRepresents a prominent presence in the market covering about 10.52 hectares (26 acres). USA.

Pumpkin KeyLocated in Card sound two Close to Key Largo, combines privacy with accessibility. Despite its isolation, the island is just an hour by car Miami International Airport And ten minutes by helicopter South Beach. This proximity to major urban centers makes it Attractive option For those looking for a private retreat without complete isolation.

The property consists of a 273.37 sq m (2,942 sq ft) main house Three bedrooms And Three and a half bathrooms

. The island can accommodate a private marina Up to 20 boatsIncluding space for mega-yachts, and a tennis court that could serve as a heliport, details Miami New Times.

In addition to the main residence, there is an island Two houses for caregivers And A Apartment for Dock MasterAccording to the information of Vladi Private Islands. With this infrastructure, strategic location Near Miami And no Ocean Reef Club in Key LargoCreates, with its own landing strip for private jets Pumpkin Key An exceptionally attractive property.

ForbesIn its coverage of the property, notes that its value Pumpkin Key It lives not so much in its habitat, which is relatively modest, but inside The beauty and privacy of the natural surroundings which is around him. The island offers a lush landscape, With development possibilities Including the creation of a family resort or private club at Ocean Reef Private Club.

He Pumpkin Key Official Website highlights its uniqueness as One of the first islands in the Florida Keys archipelago. Its proximity to South Beach and the ease of boat access to its land home with a dock at Ocean Reef, underscore its Exclusivity And Facilities.

The island, which initially went on the market 2014

was one of the most expensive residential properties in US market That year and the most expensive Florida. Despite its high starting price, no buyer was found, which led to a drop in its price, as reported Miami New Times.

He Growth potential The island is remarkable. Property Currently it is largely undeveloped, which gives buyers the opportunity to customize to their liking. Viable options include subdividing the land and selling it to future wealthy neighbors or converting it into a private club.

Pumpkin Key It is not just a private island for sale, but a A symbol of luxury and exclusivity In the real estate market Florida. With its low cost and unique features, it presents an opportunity for onlookers Privacy, natural beauty and accessibility In one of the most iconic locations in the United States.

This Legal requirements For the purchase of a A private island in Florida The acquisition process of any other type of real estate is the same USA. Here are some key steps and legal considerations:

• Zoning and Land Use Review: Check with local authorities for relevant zoning regulations.
• Title study: To ensure that the property is free from liens or property disputes.
• Purchase Agreement: Negotiating and signing a purchase agreement that details the terms of sale.
• Inspection: Conduct a detailed inspection to identify any environmental or structural problems.
• Absolutely: Get adequate property insurance, especially considering that islands can be more vulnerable to damage from natural events like hurricanes.
• Stop shopping: Complete the closing process including deed transfer, payment of property taxes and other closing costs.
• Environmental regulations: Comply with federal, state and local environmental laws, which may include restrictions on development and protection of native wildlife.
• Access and basic services: Plan access to the island and provision of basic services such as electricity, water and waste management.

must be Advice of special advocates in real estate and environmental law, as well Real estate agents With experience in these types of transactions.

Additionally, you will need to ensure that you comply with immigration laws and regulations if the buyer is not a US citizen or permanent resident.