Play at being a very willing castaway on one of Florida’s most unique island plots, thanks to a new real estate listing which has bobbed to the surface.
Boca Dream Island has been privately owned since the 1950s but it has hit the market, providing a rare opportunity for ultra high net worth individuals to create a dream sanctuary.
The 30 acre outcrop framed by golden beaches has never been developed and realtors deem it a ‘blank canvas’ for a range of possibilities.
Current zoning allows for one single family residential home up to 40,000 sq ft and auxiliary structures such as decks, docks, tennis courts and helipads up to 130,000 sq ft.
A top-of-the-range amphibious car is included in the sale price, so that residents can easily access neighboring parcels of land and the surrounding waters.
A Star-Studded Community
In terms of its location, the island boasts an ideal positioning on the west coast of Florida, nestled between Tampa and Fort Myers and within the exclusive Boca Grande community.
The neighboring communities on the main island are peppered with A-listers and high net worth individuals, who have flocked to the area for its unparalleled natural beauty and polished atmosphere.
Big name fans of this stretch of coastline include celebrities such as Katharine Hepburn, Tom Brokaw, Harrison Ford, Tucker Carlson, and Nick Saban.
Another big draw for residents and visitors alike is sports fishing and Boca Grande is best known as the tarpon capital of America.
According to FlyHome.com, Boca Grande is ranked 56 out of 273 cities across the US in terms of cost of living.
The cost of living in the small residential community is 106.8% of the national average.
A Rare Investment Opportunity with Development Potential
Looking at the island’s potential, developers imagine various scenarios including a luxury residential estate, a boutique resort, and an eco-friendly retreat.
Another alternative could be a marina development, as experts say the ‘docking potential’ lends itself well to the boating and yachting community.
On the investment side of things, Boca Dream Island is deemed a prime catch.
The listing agent, Triton Realty Group, notes: “The island’s pricing is aligned with the market, offering a competitive opportunity for forward-thinking investors.
With minimal annual holding costs, the financial canvas is as inviting as the physical one.”
Realtor Edward Liss adds that “based on the pricing of comparable waterfront property in the area, we expect the property to trade around $1 million per acre for the uplands.”
Along with being a lucrative investment, the property pros highlight that the island serves as an opportunity to ‘create a legacy in one of Florida’s most enchanting locations.’
Along with 30 acres above the surface, the real estate package includes an additional 50 deeded submerged acres.
For more information and to discuss potential plans, contact Triton Realty Group
