Updated Sep 5, 2024
Green Island, 78-Acre Private Island With Oyster Beds, Sold For $3.5M
Green Island, Branford, Connecticut 06405, United States
$3,500,000
Building Size
—
Asset Type
Single Family
Closing
Apr 28, 2023
About this deal
AI
Green Island, a 78-acre private island with oyster beds located just off the coast of Connecticut, has been sold for $3.5 million. The island features a vacation home with four bedrooms and two bathrooms. The home, designed by Duo Dickenson, boasts a unique two-story window wall, offering stunning views of the surrounding scenery. Additional features include a full bath and a walk-in closet. Despite its remote location, Green Island is connected to the mainland for utilities, although landline internet is not available.
Summary of transaction details:
- Property Type: Single Family
- Sale Price: $3,500,000
- Address: Green Island
- Market: Branford, CT
- Asset Type: Single Family
- Acres: 78
- Broker: Kiara Rusconi - William Raveis Real Estate
The sale of Green Island was facilitated by Kiara Rusconi of William Raveis Real Estate. Rusconi represented the seller in this transaction, ensuring a smooth and successful deal. With its idyllic location and unique features, Green Island presents a rare opportunity for the new owner to enjoy privacy, tranquility, and breathtaking natural surroundings.
Branford Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93