"Once the highway is gone, all this is going to be waterfront property overnight, " he said.
"I got to sell this here land, " he said, "while it's still waterfront property!"
In addition to the eleven-bedroom main house, the waterfront property offers a coach house and two guest apartments.
The cliffs are among the many places up and down the East Coast where people are now vying with eagles for choice waterfront property.
Unbeknownst to many, Kirstie is the long-time owner of a cottage nestled on a private 16 acres with gorgeous waterfront property on pretty Islesboro Island.
FORBES: Kirstie Alley Selling Secluded Maine Waterfront Cottage
And like some other boating hubs, local officials aren't eager to add more berths when there are so many other competing uses for the city's limited waterfront property.
"We saw a lot of waterfront property being bought and smaller homes being torn down and replaced by million dollar mansions during the dot-com boom, " explains Sara Young , economic development manager at the Cape Ann Chamber of Commerce.
Sure, this is an unorthodox option, but it is notable that today, while prices for most other assets are flying high, it is still a buyer's market for premium waterfront property in many jurisdictions, and even for those prized trophy assets, private islands.
And just think about this: Sometime down the line, you could potentially live in a converted oil silo as your primary residence and keep a waterfront vacation property at a retrofitted oil rig.
The 3-acre property has 371 feet of waterfront on the pond as well as ocean views.
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Findlater spent months scouting waterfront homes with the aim of buying a property at a fire-sale price, renovating it and cashing in on an eventual comeback.
This year, he sold his largest house, which is under construction on the waterfront, and signed on to develop a property for a major Hollywood executive.
Owners of waterfront estates can dock their yachts directly behind their property.
FORBES: Royal Palm Yacht and Country Club, Boca Raton, Florida
The payoff for Hines will be a trophy property in the heart of the rapidly redeveloping waterfront area--and a beachhead for further development in Spain, similar to ones it has established in Paris, Berlin and Moscow.
With German unification, the waterfront mansions acquired rich new occupants, many of them Wessis who saw the path as their private property.
The affluent Banana Island, a man-made waterfront community boasting multi-million dollar mansions and manicured lawns, was revealed as the game's most expensive property, joining Boardwalk in the standard U.S. edition and Mayfair in the London version.
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