Palm Beach’s most expensive home, asking $188M, finds buyer

Spec home developer Todd Michael Glaser and his partners are in contract to sell Tarpon Isle, the highest priced home in Palm Beach and the second most expensive in the state.

The estate at 10 Tarpon Isle sits on its own 2.3-acre man-made island. It is asking $187.5 million and went into contract on Monday, according to listing websites. Suzanne Frisbie of the Corcoran Group and Douglas Elliman’s Chris Leavitt have the listing. Margit Brandt of Premier Estate Properties is representing the buyer, according to sources.

The sale price and buyer are unknown.

Frisbie and Leavitt declined to comment. Glaser did not respond to a request for comment.

Glaser and his partners, Jim Randall, Scott Robins and Jonathan Fryd, paid $85 million for the island home in 2021. Glaser renovated and expanded the estate to include a new main mansion, a new pool and landscaping. They listed the property for $210 million in 2021 before it was completed, then re-listed it for $218 million with top Palm Beach broker Christian Angle and Elliman’s Leavitt.