Naked Capitalism has gone over to the dark side (real estate marketing):
In a departure from our usual programming, I thought I would introduce a real estate opportunity (yes this is an ad of sorts). But as you can see, it is particularly attractive and also presents an interesting case example of the issues involving the marketing of unique and illiquid assets.
The asset in question is a private lake roughly an hour and forty-five minute drive from Manhattan. The property is 47 acres, and the lake itself is 9 acres.
Broker hype aside, this is an exceptional property. It's gorgeous. It's also unusual topographically, a mini Mohonk. The teardrop shaped lake is situated below schist and granite cliffs that rise on almost all sides to an elevation of 100-150 feet, surrounding nearly the entire property. Visitors have called it a "pocket universe." You'd need to considerably more land to get the same degree of privacy....MORE
Go for the pictures and the rest of the story. Bring your checkbook.
