Foreign Property News | Posted by Aye Myat Thu
The San Francisco Bay’s only private island lacks water and electricity, but remains holding out for a buyer willing to pay big for the honor of owning it.
Known as Red Rock Island, the spit of land hit the market in November with a price tag of $25 million.
Spanning approximately 6 acres, the domed outcropping off San Francisco’s Richmond-San Rafael Bridge offers panoramic bay views from its top, and is only accessible by boat or helicopter.
It features steep cliffs, a rocky shoreline and a smattering of plant life, but the seller, Brock Durning, hopes he can score a big payout on the basis of it being a trophy property.
“We believe this is like owning a Leonardo da Vinci or a Rothko,” broker Chris Lim, who represents Durning, told the New York Times. “This is something someone would want in their portfolio like art or a sculpture.”
(The island is located near the Richmond-San Rafael Bridge.Jam Press Vid/Aerial Canvas)
(The island is only accessible by boat or helicopter.Jam Press/Aerial Canvas)
(Red Rock is the only privately owned island in the San Francisco Bay.Jam Press/Aerial Canvas)
(Birds perched on Red Rock Island.Jam Press Vid/Aerial Canvas)
(The island lacks water and electricity.Jam Press Vid/Aerial Canvas)
(Agent Chris Lim is seen showing the island.Jam Press Vid/Aerial Canvas)
(In all, the island measures in at about 6 acres.Jam Press Vid/Aerial Canvas)
(The view from the top.Jam Press Vid/Aerial Canvas)
(The island doesn’t even have much in the way of plant life.Jam Press/Aerial Canvas)
(The island boasts a rocky beach.Jam Press Vid/Aerial Canvas)
(Agent Chris Lim on the island’s shore.Jam Press Vid/Aerial Canvas)
Durning grew up camping on the island, his father having been granted ownership of it by his business partner, attorney David Glickman, who purchased it for $49,500 in 1964 before moving to Thailand, according to the Times.
Ref: This private island doesn’t have water or electricity — and asks $25M for sale (nypost)
