Price Reduced on Historic Connecticut Island

May 23, 2018

It appears that the market for private islands isn’t what it used to be: Potato Island, one of Connecticut's Thimble Islands, is back on the market for the reduced price of $4.9 million.

The 1.1-acre granite island features a 3,871-square-foot home with four bedrooms and 3.5 baths. Although constructed in 1912, the residence has been updated with modern conveniences, including solar panels for renewable energy and a back-up generator. The island is a two-minute boat ride to the Connecticut shoreline.

Potato Island, whose name derives from its tuber shape, was listed back in 2014 for $7.35 million. Despite an effort to market it under the more graceful name “Dove Island” and even with a colorful history to this unique housing market—the infamous Captain Kidd reportedly buried his ill-gotten treasure somewhere in the Thimble Islands—the island remains the only Thimble Islands property available for purchase.

About the author

Phil Hall

Link copied

Published

May 23, 2018

Courts

Six Mortgage Brokerages Sued Over Alleged Kickback Scheme

Pennsylvania AG claims up to $1M swapped hands between agents and brokers

A cautionary tale for mortgage brokers arrived this week from Allentown, Pa., after state prosecutor and former Pa. Attorney General, Michelle Henry, filed a lawsuit against six mortgage brokerages that operate in the area, and their manager, Barry Newhart, concerning an all...

Analysis and Data

Existing-Home Sales See Quickest Climb Since Last February

Median home prices remain at record high, sales near-30-year low

Despite high prices and mortgage rates, existing-home sales in the last three months of 2024 “showed solid recovery,” according to the National Association of Realtors (NAR). Sales grew by 2.2% in December from the month before to a seasonally adjusted annual rate of 4.2...