Pumpkin Key, an exclusive private island oasis located in the idyllic waters near Key West, Florida, has hit the market once again, this time with a reduced asking price of $75 million. Previously listed at $95 million last winter, according to listing records, this 26-acre paradise offers more than just luxury—it offers a complete lifestyle.
Liz Hogan of Compass, the listing agent, believes the property is exceptionally priced. “The family is ready to find a new owner for this magnificent property,” she mentioned earlier this week, highlighting the island’s unparalleled sense of seclusion despite its proximity to the mainland—a mere three-minute boat ride away.
Pumpkin Key is the epitome of island luxury, featuring an array of top-tier amenities including a sprawling main residence complemented by a pool, three additional apartments, and a dock master’s house. It also boasts a stunning private beach, a 20-slip marina ready for a mega-yacht, and dual-purpose tennis courts that can be converted into a helipad. Miami’s skyline is just a 10-minute flight from the island, adding to its allure.
A notable feature of this island is its subdivision into 12 waterfront lots, each approximately 1 acre, fully equipped with the necessary infrastructure to support further development. “We envision the new owner creating a family legacy here, distributing the lots among their descendants,” Hogan explained.
In addition to the island itself, the sale includes a property on the mainland within the prestigious Ocean Reef Club, enhancing the appeal. This home serves multiple purposes for the current owners, from receiving deliveries to housing guests and storing vehicles, facilitating an effortless connection between the island retreat and mainland conveniences.
Ownership also comes with membership to the Ocean Reef Club, a privilege exclusively available through property ownership within the club. This premier resort community offers a wealth of amenities, including its own marina, private airport, dual golf courses, a medical center, and an array of dining, shopping, and sporting facilities.
“You won’t find anything like it elsewhere,” Hogan said, contrasting Pumpkin Key with other islands that might offer natural beauty but lack convenient access to luxury amenities. “Pumpkin Key offers not just a secluded getaway, but a lifestyle where fine dining, golfing, and high-end services are just minutes away.”
Ownership records list a company as the current owner of Pumpkin Key, with no details provided on the purchase date or price. This acquisition not only promises a unique island paradise but also an exclusive lifestyle and legacy opportunity within one of the country’s most elite resort communities.
