Australian Investor Buys Record $150M Palm Beach Island
Originally Published 1 year ago — by The Daily Beast
Australian infrastructure investor Michael Dorrell has purchased Tarpon Island in Palm Beach, Florida for a record-breaking $150 million. The property features 11 bedrooms, 15 bathrooms, a wellness wing, tennis court, private docks, and more. Dorrell is the chairman and CEO of Stonepeak and has made other significant real estate investments in Florida and New York.