Historic Estate with Potential for Development

  • Private island in Maine for under $5 million
  • Built in 1914 and owned by the same family for 70 years
  • Four-bedroom main house with Mediterranean Revival charm
  • Accessible via a private, gated footbridge
  • Easily converted to year-round residence
  • Over 11 acres of land
  • Mainland power and close to historic summer community

A private island estate in South Bristol, Maine has hit the market for just under $5 million. Built in 1914 and owned by the same family for 70 years, the property offers a four-bedroom main house with Mediterranean Revival charm and over 11 acres of land. However, access to the island is via a private footbridge. The current owners have recently updated the stucco and windows and are open to negotiating furnishings in a deal. The island could be developed further into a summer camp or multigenerational property.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the island’s location, history, and features, as well as quotes from a real estate agent knowledgeable about the property. It also includes details about the house’s design, potential renovations, and the current owners’ intentions. The only minor issue is the use of some subjective language (e.g., ‘storied estate,’ ‘Mediterranean Revival charm’), but overall it is a factual article.
Noise Level: 7
Noise Justification: The article primarily focuses on the sale of a private island in Maine and its features, providing little to no relevant or insightful information beyond the basic details of the property. It does not offer any analysis or context about the real estate market, nor does it provide any actionable insights for potential buyers or readers. The content is mostly focused on describing the island’s amenities and accessibility, which may be of interest to a limited audience.
Private Companies: LandVest,Christie’s International Real Estate
Key People: Joseph Sortwell (Real Estate Agent), Samuel R.T. Very (Architect), Emily Means (Horticulturalist)

Financial Relevance: No
Financial Markets Impacted: No
Financial Rating Justification: The article is about the sale of a private island in Maine, which does not have any direct impact on financial markets or companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: The article discusses a private island for sale and does not mention any extreme events that occurred in the last 48 hours.·
Move Size: No market move size mentioned.
Sector: No
Direction: Neutral
Magnitude: No
Affected Instruments: Real Estate

Reported publicly: www.marketwatch.com