One of the most expensive homes ever sold in the Sunshine State, the more than 2-acre island residence is “one of one,” according to Chris Leavitt of Douglas Elliman, who handled the listing alongside Suzanne Frisbie of the Corcoran Group. A private island compound in Palm Beach, Florida, recently sold for an astounding $152 million, according to the listing agency that handled the deal.

“It’s that one rare Picasso, that one rare vintage car.” There’s only one private island in Palm Beach, he said, “and it’s sold.”

Accessible by a private bridge, the compound—which changed hands last week—offers more than 28,600 square feet of living space in total, with a main house, guest houses and staff areas.

The original 1930s house on the island is still there and serves as the guest pavilion and wellness center. It is three quarters of the way new and has a massage room, a hair and nail shop, a steam room, and a sauna.

“I really will miss showing it, because I loved that everything was on property—the spa, the waterfront gym, the tennis court, the tennis pavilion,” Leavitt said. “It’s all there.”

The island also has two private docks, multiple pools, an entertainment room, a wine room and an elevator.

The sale price, while below the $187.5 million the island was most recently asking, “speaks to the fact that people want to be on Palm Beach Island and they want waterfront,” Leavitt said. “It just shows this is a non-stop market that just keeps going and going—and we’re not even anywhere near the top of the market, there’s still a long way to go.”

The island was sold by developer Todd Michael Glaser, who, along with his partners, paid $85 million for Tarpon Island in July 2021, according to The Wall Street Journal.

The buyer was MCI Properties, a Delaware-registered limited liability company, according to property records. Leavitt declined to comment on the buyer.

The Real Deal first reported the sale.

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