Marvin Arrieta with Century 21 Premier Elite Realty in Coral Gables said the Monroe County property appraiser put the property's total market value for 2011 at $1,017,392, but $12 million is the "right price to start on this sell" because it includes a private island, The Miami Herald reported Tuesday.
"The ocean is all around you," Arrieta said. "This is a very unique property. We need a unique buyer."
The real estate agent said the island, East Sister Rock Island, is a 3-minute boat ride from Marathon.
Current owner Bob Williford described the 1.4-acre estate as "a rustic vacation place where you can come and charge up your batteries. It's not fancy like staying at Trump Plaza, but it is a place where you can get away from everything."
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