Sunday, February 20, 2011

Private Islands and Estate in Italy, Asking $263 Million .

From the Wall Street Journal:
A group of three private islands off Italy's Amalfi coast and a nearby home once owned by Franco Zeffirelli are for sale at €195 million, or about $263 million.

Italian hotelier Giovanni Russo, 70, owns the Positano islands and the home. "He's enjoyed it for his lifetime and now he wants to live the rest of his years traveling," says representative J. Gary Peters of Triangle Capital. The islands, named Li Galli, were owned by Rudolf Nureyev for 26 years until his death. The largest island has three villas and a stone tower with a cumulative 13 bedrooms. There's also a helipad, boat storage, three swimming pools and two 30-foot boats. ...MORE