Estate Of Casey Mermans And Anke Mermans Sell 4.5 Acre Private Island In Huntersville For $12.5M

The property asset involved in the transaction is a 4.5-acre private island known as Merancas Island, located at 14051 Island Drive in Huntersville, NC. This asset type is a single-family residence featuring a 13,000-square-foot mansion designed by architect Harry Schrader. The market value for this property was recorded at a sale price of $12,500,000, translating to a price per square foot of $962.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $12,500,000
• Address: 14051 Island Drive
• Market: Huntersville, NC
• Seller: Estate of Casey Mermans and Anke Mermans
• Broker: Liza Caminiti & Trey Gallos - Caminiti Consulting
• Acres: 4.5
• Square Footage: 13,000
• Price per Square Foot: $962

This transaction marks a record sale for the suburban market, nearly $10 million below its original asking price. The property was previously owned by philanthropists Anke and Casey Mermans since the 1990s, and it features additional amenities including a guest house, private docks, and resort-style features.