'Magical island kingdom' is for sale off Maine coast for $8M

AP News
Posted: Jul 10, 2017 10:48 AM

PORTLAND, Maine (AP) — A private island replete with a mansion, two guest houses and a barn with workers' quarters is on the market in Maine for $7.95 million.

Developer John Cacoulidis (kack-uh-lee-dus) bought the 86-acre (0.13-square-mile) Hope Island in 1993 for $1.3 million. The real estate listing says, "No expense was spared creating this magical island kingdom."

The property includes an 11,295-square-foot (1,049-square-meter) main house with six bathrooms and three bedrooms. It also features a 10-stall horse barn, a tavern for entertaining, a private chapel and a boat house with a deep-water pier.

The property in Casco Bay is a 25-minute boat ride from Portland.

The real estate agent tells the Portland Press Herald (http://bit.ly/2tVxvdA ) Cacoulidis is no longer using the island like he had in the past. His wife died last year.