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You Can Now Personal An Complete Connecticut Personal Island For $100 Million – And That is Down From $175 Million!

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You Can Now Own An Entire Connecticut Private Island For $100 Million – And That's Down From $175 Million!

You understand what they at all times say: if it’s a must to ask how a lot a personal island prices, then you’ll be able to’t afford a personal island. Nonetheless, the house owners of simply such a personal island positioned on Lengthy Island Sound in Connecticut have given it a major worth slash of $75 million, in keeping with a report within the Wall Avenue Journal.

That is in comparison with its authentic listed worth of $175 million when it was listed again in September of 2016 (it was most lately listed in 2019 with a worth of $120 million). Identified merely as Nice Island, it spreads throughout about 60 acres of dry land, and despite the fact that the brand new itemizing has what Douglas Elliman itemizing agent Jennifer Leahy calls a “very real looking” worth, she nonetheless says that this can be a itemizing for a really unique socioeconomic strata: “Though I would like to say there are various consumers that may purchase a $100 million property, there aren’t. That is for the 1% of the 1%.”

Nice Island is positioned about 50 miles from New York Metropolis and contains a number of totally different buildings on its 60 acres, like a lately renovated nineteenth century Colonial-style home, equestrian amenities, and extra. Here is the way it’s described in its official itemizing:

“Welcome to Nice Island, a exceptional non-public 60-acre island providing over a mile of shoreline on the Lengthy Island Sound. House to the identical household for generations, that is the biggest non-public island ever to be supplied on the market on the East Coast. The centerpiece of the property is a circa 1905 13, 000sf manor, harking back to a romantic villa. A 3-bedroom stone home, nineteenth century Farmhouse, Seaside Bungalow & an enthralling Seaside Cottage share the setting with a sandy seaside & uncommon deep-water dock. The compound’s world-class equestrian facility is equally spectacular, & features a stunning 18-stall granite secure, indoor & out of doors rings, polo discipline, paddocks & using trails. Distinctive on each degree, there is not any doubt that Nice Island represents one of many nation’s most extraordinary choices.”

Nice Island is the property of the household of industrialist William Ziegler, and in keeping with the WSJ story Ziegler’s descendants are “prepared to maneuver on” from the expansive property regardless of their “deep ties” to the island. After taking a while to redraw some property strains and correctly calibrate its asking worth, they’re now optimistic they’ll discover somebody to take the island and hold it maintained in a kind considerably equal with the best way it is stood for a few years.

You possibly can check out Nice Island within the video under from Houlihan Lawrence: