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Paul Allen Finally Sold His Private Island for $ 8 Million

Billionaire Paul Allen finally sold his private island in the San Juans for $8 million. Allan Island, named for a Navy hero and not its former owner, has been on and off the market for nine years, and now has been sold for a third of its original listing price in 2005. Microsoft co-founder purchased the 292 acres property – one of Washington’s San Juan Islands in 1992 with the intention of building a vacation home there. However, Allen abandoned his plan after bought a 387-acre Sperry Peninsula site on the nearby Lopez Island in 1996. It was listed in 2005 for $25 million and slashed to $13.5 million in 2009.

Paul Allen finally sells his 292-acre private island on the market since 2005 for just $8million Read more: http://www.dailymail.co.uk/news/article-2529017/Paul-Allen-finally-sells-292-acre-private-island-market-2005-just-8million.html#ixzz2obPDTqwW Follow us: @MailOnline on Twitter | DailyMail on Facebook Paul Allen finally sells his 292-acre private island on the market since 2005 for just $8million Read more: http://www.dailymail.co.uk/news/article-2529017/Paul-Allen-finally-sells-292-acre-private-island-market-2005-just-8million.html#ixzz2obPDTqwW Follow us: @MailOnline on Twitter | DailyMail on Facebook Paul Allen finally sold his private island in the San Juans for $8 million

The island is southwest of Anacortes and west of Burrows Bay, and is accessible only by private plane, boat or float plane. It features a “log-style home for caretakers quarters” and is made up of 44 tax lots. Besides its vacation compound potential, the property boasts sweeping views that include the Rosario Strait, the Olympic Mountains and the Strait of Juan de Fuca.

Paul Allen finally sells his 292-acre private island on the market since 2005 for just $8millionRead more: http://www.dailymail.co.uk/news/article-2529017/Paul-Allen-finally-sells-292-acre-private-island-market-2005-just-8million.html#ixzz2obPDTqwWFollow us: @MailOnline on Twitter | DailyMail on FacebookPaul Allen finally sells his 292-acre private island on the market since 2005 for just $8millionRead more: http://www.dailymail.co.uk/news/article-2529017/Paul-Allen-finally-sells-292-acre-private-island-market-2005-just-8million.html#ixzz2obPDTqwWFollow us: @MailOnline on Twitter | DailyMail on FacebookPaul Allen finally sold his private island in the San Juans for $8 million

Allen wanted to ensure that the buyers would maintain the essential natural integrity of the mostly undeveloped property.

“It was important to the seller what the buyer was going to do to the island,” the selling agent Wally Gudgell of Windmere Real Estate said . “We had some pretty wild buyers looking at it.”

The buyer reportedly plans on building 10 to 12 homes on the 292 acre island.

Paul Allen finally sells his 292-acre private island on the market since 2005 for just $8million Read more: http://www.dailymail.co.uk/news/article-2529017/Paul-Allen-finally-sells-292-acre-private-island-market-2005-just-8million.html#ixzz2obPDTqwW Follow us: @MailOnline on Twitter | DailyMail on Facebook Paul Allen finally sells his 292-acre private island on the market since 2005 for just $8million Read more: http://www.dailymail.co.uk/news/article-2529017/Paul-Allen-finally-sells-292-acre-private-island-market-2005-just-8million.html#ixzz2obPDTqwW Follow us: @MailOnline on Twitter | DailyMail on Facebook Paul Allen finally sold his private island in the San Juans for $8 million

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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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