Microsoft Co-founder Paul Allen has sold his 292-acre private island near Anacortes, Washington for the bargain-basement price of only $8 million. The property was originally listed in 2005 for $25 million and lowered to $13.5 million a few years later.
Known as Allan Island, the island is named after William Henry Allen, who was killed while commanding the USS Argus during the War of 1812, according to Wikipedia.
Accessible only by plane or boat, the island features one log cabin, a dock, a small landing strip and numerous walking trails. In 1992, the billionaire businessman and owner of the NFL’s Seattle Seahawks and NBA’s Portland Trailblazers bought the island for roughly 8 million to build a vacation home, but he never began construction.
