A 60-acre private island off the coast of Connecticut that’s home to a sprawling mansion, horse stables, an indoor riding arena, and a deep-water dock that can accommodate a 100-foot yacht is being sold for $85 million.
The deep-pocketed buyer? The town of Darien, Conn., which plans eventually to open the prized property for the public to enjoy, officials said in a statement.
Great Island, which is accessible by causeway, was previously on the market for $100 million, according to the property listing by Douglas Elliman, which touts it as “the largest private island ever to be offered for sale on the East Coast.”
“Surrounded by sparkling blue waters, the centerpiece of the property set high on rocky bluff with breathtaking views of the Long Island Sound is a circa 1905 13,000 sq. ft. manor, reminiscent of a romantic Italian villa and beautifully detailed with the fine craftsmanship for which the era is known,” the listing states.
“A 3-bedroom stone house, 19th century farmhouse, seaside bungalow and a charming beach cottage share the setting with a white sandy beach and rare deep-water dock that can accommodate a 100-foot yacht,” the listing continues.
The compound is also home to a world-class equestrian facility designed by renowned architect Rafael Guastavino, according to the listing, and was home base to “five-time Olympic show jumper and gold medalist William Steinkraus.”
The equestrian facility features an 18-stall granite stable, an indoor heated riding arena, an outdoor sand dressage ring, and a large, half-size polo field, the listing states.
Last year, the town of Darien signed a $103 million agreement for the purchase of the property, which has been owned by the same family for generations.
“Our family has cherished Great Island for over 120 years,” Ned Steinkraus said in the statement. “It is a magical place and we are saddened to see it go, however, we are also excited to pass the torch to the Town. We are confident they will be top-notch stewards of the land and preserve it for all to enjoy.”
The final agreement brought the price down to $85 million, officials said.
First Selectman Monica McNally said Darien’s goal is to preserve Great Island’s integrity.
“Great Island is a pristine landscape with approximately one and a half miles of coastline in an environmentally sensitive cove on Long Island Sound,” McNally said in the statement. “With this purchase, we have prioritized the conservation of this magnificent property, saving it forever from intensive development.”
The closing date on the deal is May 5, officials said.