Microsoft co-founder Paul Allen sells private island for $10 million
OLYMPIA, Wash. (REUTERS) - Microsoft co-founder Paul Allen has sold a private island in northwestern Washington state to undisclosed buyers for US$8 million (S$10 million), his real estate agent said on Monday.
The 292-acre (118 hectare) Allan Island - not named for its former owner - had been on the market for nine years and sold on Friday for well below its original asking price of US$20 million, according to selling agent Wally Gudgell of Windmere Real Estate.
Allen wanted to ensure that the buyers would maintain the essential natural integrity of the mostly undeveloped property, which lies east of the San Juan Island chain about 129 kilometres north of Seattle near Anacortes, Gudgell said.
"It was important to the seller what the buyer was going to do to the island," Gudgell said. "We had some pretty wild buyers looking at it."