Haute Estates

World’s Largest Artificial Island For Sale

Many of us will never own an island of our own. But those with a $10 million budget can – an island that packs a lot of history to boot. The King’s Island in Denmark is for sale. Made for the Danish King Christian IX in 1890, the island spans over 180,000 square feet, boasts 200 rooms, more than two and a half miles of hallways, and back in the nineteenth century when it was built, needed two and a half million tons of solid Bornholm granite to finish. Called the Middelgrundsfortet by the Danish, King’s Island is the world’s largest artificial island that is not connected to mainland. Located between Copenhagen and the Swedish city of Malmö, the island can be reached in under 15 minutes from Copenhagen by water and it also features a fully functioning helipad.

German Bank WestLB Threatening to Seize Versace Mansion

German bank WestLB is threatening to foreclose on a loan made to the owners of the Versace mansion in South Beach. The bank holds a $25 million mortgage on the famous property, which is owned by former telecom tycoon Peter Loftin through a company called Casa Casuarina LLC. In court documents, the bank states that payments have not been made on the loan since January.

Loader