Property is offered at US $3,500,000 

The property consists of HES plats 195,195 (also known as USS 1788, 1789)  
Plat chart of bay
US Survey 1788 aka HES 195
US Survey 1789 aka HES 196

The guest house / workshop building present in some of the photos and video has been moved next to the gardens and future dock. (approximately 600 yards south of the main house). Estimated completion date for both the dock and out building is fall 2008

A conservation easement has recently been put on the property. A copy can be provided upon request.  The easement will prohibit:
commercial development
any subdivision of the property

The sellers are willing to reduce the price by $500,000 in exchange for a long term lease on a portion (approx 5 acres) of the land. The current owners are well past retirement age. Sellers are understanding of buyers desire for privacy and are willing to contractually leave the area during specified times.  The sellers are not looking to be caretakers, but are willing to be a 'good neighbor' and look after the property when buyers are not around. The Lease will not be transferable to another party and cannot be sold.  Further details are available.

The plats as described in a land survey many decades ago describe the property with approximately 112.54 acres in total. The 120 acre number mentioned in this web site is an ESTIMATE of the current size. Glacial lift and alluvial flow deposits have increased the size of the property but the 120 acre number cannot be guaranteed.

The property currently does not pay any property taxes - there is a proposal to convert Petersburg from a city to a borough (which would then encompass the property) but the proposal as of May 2008 is unpopular with the citizens in the surrounding areas.

No neighbors --  no-one lives year round in Farragut bay. There are some cabins and properties north of the river but they are rarely used.