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Local Resort Reportedly Pays $45 M. for Rauschenberg’s Famed Captiva Island Property

South Seas, a resort on Florida's Captiva Island, has purchased Robert Rauschenberg's 22-acre property, including his studio and beachfront, for $45 million. The Robert Rauschenberg Foundation sold the estate, citing unsustainable maintenance costs and the need to focus on its core mission, despite the property having survived Hurricane Ian.

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Sale of Robert Rauschenberg’s Captiva Compound to Developers Ignites Backlash

The Robert Rauschenberg Foundation has sold the artist’s 22-acre Captiva Island estate to South Seas, a neighboring resort developer, for $45 million. The sale includes Rauschenberg’s former home, studio, and several cottages where he lived and worked for decades. The Foundation defended the move by citing the prohibitive costs of protecting the site against rising sea levels and hurricane damage, confirming that the prestigious Rauschenberg Residency program will now come to an end.

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