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Sep 5, 2015 12:02 PM

12-acre island off Portsmouth sells for a record $6.2 million


PORTSMOUTH — A 12-acre island in Little Harbor has sold for $6.2 million - the largest residential sale in the state this year, broker Janet Sylvester told seacoastonline.
Belle Island, also known as Lady Isle, includes a mile of waterfront property, multiple docks, a four-stall horse barn and a "manor house" that was built in 1900 and renovated in 2008. Sylvester said it was purchased by a "local" buyer, but did not identify the new owner.
According to city assessing records, the property is currently valued at $4 million and was last sold in 1998 to Michael Clark for $2.8 million. The island was previously owned by the Catholic Church which operated the private Lady Isle School for grades K-8 there for 56 years. The island's main home served as the convent for the sisters who taught there.
For a photo album that includes interior and exterior shots of the island and the manor house, check this website.
If you're disappointed to have missed out on this opportunity, there's a home not far away at 325 Little Harbor Road on the market for $12.9 million.


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