Florida's luxury real estate market is booming with the listing of a $150 million compound on Palm Island, featuring three exquisite mansions. This property, which has been relisted at the same price, exemplifies luxury, exclusivity, and privacy, appealing to high-net-worth individuals like celebrities and CEOs. Owned by Jorge Luise Garcia, the mansions were acquired over 17 years for a total of $34.35 million. Listing agent Fredrik Eklund suggests the rarity of such large contiguous waterfront estates justifies its record price, asserting that there’s nothing comparable on the market currently.
The compound is best suited for an "ultrahigh net worth individual who values privacy, exclusivity, and luxury," according to listing agent Fredrik Eklund.
"This offering appeals to those who prioritize exclusivity and are willing to invest significantly for a unique, turnkey luxury compound," Fredrik Eklund noted.
Owner Jorge Luise Garcia believes the rare nature of such an enormous contiguous waterfront estate makes it more than worthy of its hefty price tag.
"At the moment, there is nothing available on the market that can compare or that even will come close to this listing," Garcia stated.
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