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San Francisco Bay's only private island is on the market for $25 millionRed Rock Island lacks basic infrastructure like power and running water. AdvertisementSan Francisco Bay's only private island is on the market for $25 million — but there's no electricity or running water, reported The Wall Street Journal. The island has been put up for sale several times in recent years for between $5 million and $22 million, Durning told WSJ. In September, a private island in Solano County, California was put on the market for $75 million. And in August, a private island in Maine with a cottage and lighthouse was listed for $400,000.
Persons: Francisco Bay's, Brock Durning, hasn't, , Chris Lim, Lim, Durning Organizations: Service, Street, Contra Costa, Christie's, Estate, Rafael Bridge, Google, San Francisco Chronicle Locations: Francisco, Richmond, Rafael, Marin, Alaska, Solano County , California, Maine
Waterfront residential real estate is typically built on or near oceans, lakefronts and rivers. Now, artificial lagoons are another body of water to add to the list. Shaped like large lakes with beaches, lagoons are generally shallow, compared with a lake or the ocean, and are somewhat similar to giant swimming pools. In the United Arab Emirates, Hawaii, Texas and Florida they are a factor for prospective home buyers who are seeking a waterfront property. “Some of these lagoons are located in inland destinations and have redefined what it means to own a waterfront property.” Lagoons offer aesthetic beauty and many recreational opportunities, Mr. Lim said, such as boating, swimming and paddle boarding.
Persons: Chris Lim, , Lim Organizations: United Arab, Christie’s, Estate Locations: United Arab Emirates, Hawaii , Texas, Florida
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