Saturday, October 21, 2017

Islands on the market

USA: Death of an Island – Paul Allen’s Island Set For Extensive Development

After spending almost a decade on the market, Microsoft co-founder Paul Allen has finally found a buyer for Allan Island, his American private island bolt-hole.

(Image Courtesy of Wally Gudgell/Windermere)

After languishing for nine long years on the private island market, Microsoft co-founder and Seattle Seahawks owner Paul Allen has finally …Read More: USA: Death of an Island – Paul Allen’s Island Set For Extensive Development

Auction Results

Preservation Trust Buys Heavily Discounted Washington State Island

(Image Courtesy of Vendovi Island)

Appraised at over $12M, Vendovi Island’s failed auction in September had a high bid of just $3.3M, and it has now sold for just $6.4M. Have private islands followed the US real estate market downhill?

According to the Wall Street Journal, Washington State’s privately-owned Vendovi …Read More: Preservation Trust Buys Heavily Discounted Washington State Island