“For a billion dollars, you could buy it multiple times,” he said, adding that he had gotten feelers that suggest $200 million might be within negotiable reach. A Spreadsheet of Potential BuyersThough this prime parcel is zoned for six lots, Mr. Kirman is marketing it as a family compound for a single buyer. One challenge: The buyer will have to come with not only an extremely high net worth but also some vision. That, along with the death of the shah in 1980, prompted her to abandon the plans. But he, too, eventually abandoned his plans and sold the Vineyard for $8.5 million in 1997 to Mark R. Hughes, the founder and chief executive of Herbalife.

Source: New York Times July 28, 2018 10:00 UTC