The same developer who took on the demolition of convicted pedophile Jeffrey Epstein’s Palm Beach property is set to buy a private island in the same area.

As reported by the Wall Street Journal, Tarpon Island off the coast of Palm Beach is under contract to sell to luxury developer Todd Michael Glaser for $90 million. Earlier this year, Glaser purchased the mansion once belonging to Epstein, who committed suicide in prison while awaiting charges in connection to a worldwide sex trafficking ring  of underage girls, for its land value. The sale proceeds have been ordered to go to a victim compensation fund and demolition work finished earlier this month.

This week, Glaser announced plans to redevelop the 2½-acre island, which is currently only accessible by private bridge, boat, helicopter or seaplane. This means nearly doubling the size of its solitary 1930s-era home to 22,000 square feet by adding indoor and outdoor pools, a gym, a tennis pavilion and a paddle ball court.

Google Maps

Tarpon Island is heavily protected from drones and other forms of photography and not widely available on the internet — it wasn’t publicly listed and the deal took place off-market.

Glaser reportedly spent more than a year convincing current owners William and Eileen Toll to sell so that he could turn it into a luxury escape. To get to it, visitors need to either fly in, sail in or drive through a private cul-de-sac with two other homes.

“Most people in Palm Beach don’t even know this island exists,” Glaser told the WSJ.

Jim McCann of Premier Estate Properties is representing the Tolls while Suzanne Frisbie of the same agency is working with Glaser’s company. As Palm Beach is known for sky-high property values and very famous residents, Glaser plans to turn it into high-end space for the jet-setting crowd to entertain.

“It’s classic old Palm Beach glamour,” Glaser said. “Imagine attending a fundraiser there. You have a fabulous time and then you throw your check in a little bucket as you go over the bridge on your way out.”

Email Veronika Bondarenko

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×