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Jun 10 - For $13 Million, Two Private Islands 30 Minutes by Boat From Manhattan


 


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 1 week ago '11        #1
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Sin 2126 heat pts2126
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Jun 10 - For $13 Million, Two Private Islands 30 Minutes by Boat From Manhattan
 

 
A fortress of solitude is for sale in the Long Island Sound.

It’s hard to give the exact dimensions of Columbia Island, a small piece of bedrock off the coast of New Rochelle, N.Y., because the tide changes its dimensions so dramatically.

In a 1966 article announcing that the “Radio-TV Couple” Peter Lind Hayes and Mary Healy had donated the island to the College of New Rochelle, the New York Times claimed that it “varies in size from about an acre to 175 square feet,” though that’s not quite right, given that even at the time the island was the site of a roughly 5,000-square-foot bunker that had been the base of a 400-foot-tall broadcast tower.

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For much of the 20th century, the island had been owned by New Rochelle’s Huguenot Yacht Club. In the 1940s the club, which also owned the next-door, four-acre Pea Island, sold its smaller holding to CBS, which promptly built the aforementioned tower.

“They built an elaborate and dense transmission space,” says Al Sutton, Columbia Island’s present owner. “They had a full crew and several families doing work there every day.”

But when a small plane collided with the tower in the early 1960s, destroying both the tower and the plane itself, CBS sold the island for about $35,000 to Hayes, who then, citing the $8,600 annual tax bill, donated it to the college.

Despite the college’s intent to use the island as a “center for the study of marine biology,” according to the 1966 Times piece, the island fell into disrepair. The college eventually gave the island to the superintendent in charge of maintaining it (“they couldn’t pay him to do it, so they just gave it to him,” Sutton says). Sometime around 2005 the island was quietly put on the market, and in 2007 Sutton formally bought it for what he says was $1 million.

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“I could go back and question my logic,” Sutton says, “but I won’t drift into that. Essentially I had done some stuff on land including condominium projects on the Bowery, and I was sort of c*cky.”

The problem, he says, was that “you get on the island, even if it’s a wreck, and it’s just gorgeous—the sky, the tide, the birds, everything. And that sort of blinded me and my thoughts. I just went: ‘Wow, what a Zen experience this could be.’ ”

In retrospect, Sutton continues, “a simpler solution for my desire for a Zen retreat would have been to rent a rowboat from City Island for $10, get out there whenever I wanted, stick a fishing pole in the water, look at the sky, look at the birds, say ‘Isn’t this gorgeous.’ I’ve often thought that.”

Instead, Sutton embarked on what he says was an 11-year, $8 million construction project to turn the island into a habitable, luxurious private home.

Now that the project is complete, though, Sutton hasn’t moved in. Instead, he’s put it on the market for $13 million, listing it with Patti Anderson at Julia B. Fee Sotheby’s International Realty. “I’m 85 now,” he explains, “and I guess when I bought it, I was in my 70s and I was more ambitious.”

Two Barges, Several Mistakes
Sutton’s sweat equity in the project, not to mention his actual equity, was considerable. A doctor by trade and an author by inclination (he wrote a 1980s novel about the evils of medical overbilling, Physician Heal Thyself: The Making of a Whistleblower), Sutton had several other side projects as a real estate developer, actor, and producer.

Once he bought the island, he became something of a contractor, too.

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First he had to change the island’s zoning to residential, which took him more than a year. Then he had to clear out the considerable amount of equipment and debris that had collected on the island during its half-century of disuse. He bought two barges (“one was stolen, but I still have the other,” Sutton says) to haul the material, then he began to renovate the property itself.

“It was fine once you got through with the mistakes,” he says.


Initial errors included putting in ordinary-grade windows and electrical wiring (“fine until you learn a year later that they corrode in the salt air”), using sheetrock, which got wet, and so forth. But after replacing the windows, wiring, and walls with corrosive-resistant materials, he was left with a watertight, roughly 5,600-square-foot, four-bedroom, two-bath home with a professional kitchen. The house is as close to hurricane-proof as it gets: There’s a 5-foot-thick, approximately 14 -foot-high concrete sea wall, automatic storm shutters, and a 60,000-gallon-per-hour pumping system for the structure’s basement.

Even though the island is just a few minutes away from New Rochelle, it’s designed to be self-sustaining. There’s a desalination machine in the basement to provide clean water, solar panels on the roof for energy, a septic system that gets emptied out by a private service, and a sprinkler system.

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Five years ago—already more than seven years into the project—the next-door Pea Island came up for sale, and so he bought that, too, for what he says was $500,000. The only thing on the island, currently, is a partial sea wall and a tire swing. Even so, “it felt important to get for a couple of reasons,” he says. “One, I thought it would be good protection, because this way you wouldn’t have a hostile neighbor, and two, then it also occurred to me that it had other value in itself as a natural resort type of thing.” Pea Island is included in the sale price.

A Fast Boat
Sutton lives in Manhattan, and it takes him about 40 minutes to go to New Rochelle, and then another 10 minutes via boat to get to his island. Alternately, he says that with a “fast boat” it’s a half-hour ride from his island’s location at the mouth of the Long Island Sound to the East 34th Street heliport.

New York’s skyline is visible from the island, and Sutton suggests the property might appeal to someone “who wants privacy but also high-profile bragging rights. Certainly sports figures could manage it financially.”

Sutton is well aware that his decade of pain will be someone else’s gain. He says he’ll barely be making a profit if the island sells for its list price.

“I’m not a big spender, or at least I wasn’t until now,” he says. “But here was something that, to be realized, had to be done right.”

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visit this link https://www.bloomberg.com .. g-island-sound


Last edited by Sin; 06-10-2019 at 02:19 PM..
+12   

16 comments for "Jun 10 - For $13 Million, Two Private Islands 30 Minutes by Boat From Manhattan"

 1 week ago '05        #2
Tha TC 69 heat pts69
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Wrong link plair @
+1   

 1 week ago '11        #3
Sin 2126 heat pts2126 OP
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 Tha TC said
Wrong link plair @
mybad, on Bloomberg if you scroll down too far it goes to the next article
+2   

 1 week ago '13        #4
JosethaHustler 15 heat pts15
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My only issue with a crib on a private island, is security. Everybody with a boat is gonna come for you!
+6   

 1 week ago '16        #5
Brucebaner2 1 heat pts
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 JosethaHustler said
My only issue with a crib on a private island, is security. Everybody with a boat is gonna come for you!
my only issue is its an island. one storm and there goes your island. Its similar to buying i. San Fran. One earthquake away from having your own island.
+4   

 1 week ago '11        #6
Sin 2126 heat pts2126 OP
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 Brucebaner2 said
my only issue is its an island. one storm and there goes your island. Its similar to buying i. San Fran. One earthquake away from having your own island.
one flood and your finished

 JosethaHustler said
My only issue with a crib on a private island, is security. Everybody with a boat is gonna come for you!
get the guard dog from Black mirror


[video - click to view]

+4   

 1 week ago '05        #7
Tha TC 69 heat pts69
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$8,965 | Props total: 14037 14037
Global warming means it’s yours for about 10 years tops
+3   

 1 week ago '16        #8
dman1209 1 heat pts
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$474 | Props total: 943 943
Might cop
+3   

 1 week ago '16        #9
postemupndunkit 6 heat pts
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$7,500 | Props total: 25571 25571
That's some dope sh*t you do if you got money

not the overdone over the top mansion sh*t

this is real player sh*t right here
+4   

 1 week ago '14        #10
titans7 1 heat pts
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$9,983 | Props total: 25019 25019
Only island issue for me is no hospital in case of a medical emergency so obesegang members need to get in great shape because that medivac flight may take a long time. The David Ortiz murder attempt was an example of getting him into surgery as soon as they could but they want him in Boston as soon as possible which isn't a knock on the doctors down there I know they are competent and did their best but American hospitals will have money for the latest cutting edge and more expensive equipment.
+3   

 1 week ago '17        #11
dubsax 16 heat pts16
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 Brucebaner2 said
my only issue is its an island. one storm and there goes your island. Its similar to buying i. San Fran. One earthquake away from having your own island.
quite the opposite.

the foundation is attached to bedrock and not compacted dirt so it will hold up better.
Also the building materials are archival, meaning they dont degrade with time.
Stone and reinforced concrete hold up better than timber, stucco and drywall

Its been there for over 100 years for a reason.
+6   

 1 week ago '16        #12
Eastcoast 
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$2,170 | Props total: 2745 2745
 JosethaHustler said
My only issue with a crib on a private island, is security. Everybody with a boat is gonna come for you!
Nobody came for him yet, but the island is more high profile now.
 Tha TC said
Global warming means its yours for about 10 years tops
You can just sell it once that happens:


[video - click to view]

+1   

 1 week ago '10        #13
dfro 41 heat pts41
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$500 | Props total: 3628 3628
Grocery shopping would be a bi*ch
Imagine getting home then realizing you forgot the eggs or some sh*t.
+5   

 1 week ago '13        #14
JosethaHustler 15 heat pts15
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 Sin;49834007
get the guard dog from Black mirror

[url said
https://youtu.be/9EcY6VDgz1M[/url]
Ahh, I'll take a couple of those without an island.

 1 week ago '04        #15
patt24 54 heat pts54
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i wonder if they rent this... This sh*t is a lot cooler than the island i was gonna rent for my next film

 1 week ago '17        #16
Hakeem 1 heat pts
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Dope.

 1 week ago '16        #17
Brucebaner2 1 heat pts
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 dubsax said
quite the opposite.

the foundation is attached to bedrock and not compacted dirt so it will hold up better.
Also the building materials are archival, meaning they dont degrade with time.
Stone and reinforced concrete hold up better than timber, stucco and drywall

Its been there for over 100 years for a reason.
Hmmm, thanks for the knowledge.

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