Palm Island Properties

Seaside 33-34 - Single Family Home - NEW PRICE

Located on the deep water of Rum Bay, this very private estate consists of 3 home sites with gated access, a personal dock for yachts to 80 feet (with nearby Gulf of Mexico access), a mature fruit orchard, an orchid house and an 8,000 square foot custom designed residence surrounded by 60 acres of protected and never to be developed waterfront land preserve.

The personal residence of the founder of Useppa Island Club and Palm Island Resort, "The Preserve" is a unique assembly of very private parcels of land on the bayside that create a gated deep water property with spectacular long views of Rum Bay, the Intracoastal Waterway and the Gulf of Mexico.

Features include: fully engineered hurricane construction, all PGT Dade County impact windows and doors, important English 1890's carved mahogany fireplace surround, exotic wood floors throughout, custom kitchen with special selection of exotic granit countertops and DCF cookery, custom crown molding throughout, separate SubZero refrigerator and freezer units, three separate zoned A/C systems, 45 KW fully automatic propane generator, four 150 year old stained glass panels, Lutron lighting system, specially designed wrought iron 8 foot entry foyer chandelier wtih raising and lowering elevator, private apartment with full ktichen, private entry and deck area, air conditioned storage area which includes large fire-rated Mosler safe for all valuables, golf cart parking garage with roll-up door and workshop, full elevator access to second and third floors, and much more.

Replacement cost $3,350,000 (today's cost)

Originally offered at $2,450,000 in December 2010

Reduced to $1,750,000 in August 2011

Now offered at $1,650,000

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