Kenauk Estate: 65,000-Acre ‘Paradise On Earth’ Listed For $79 Million In Eastern Canada
Looking to invest a spare $79 million? Check out the recently-listed “paradise on earth,” Kenauk in Canada. Estate doesn’t even begin to describe the property. With its 65,000 acres, the homestead in Montebello, Quebec is more like its own province. The estate already includes 13 equipped cabins ranging from 200 to 4,000 square feet, spread across the gated property. The lucky owner of Kenauk can also enjoy a private marina on a large lake with 28 miles of waterfront and five islands. But that’s not all—70, yes that’s seventy, private lakes span the property, as well as a nine-mile river. The setting is perfect for fishing, hunting and other outdoor activities.
How did such a property come to exist as a single unit, you may ask? Kenauk has a history as rich as the land itself. The property was originally owned by the Catholic Church before it was transferred to Canadian politician Joseph Papineau in the early 19th century. In 1817, Papineau sold the land to his son, who transformed it into an elite club. A resort was then built onto the adjacent property in 1930. In 1999, the Canadian Pacific Hotels purchased the land and merged it with the Fairmont Hotels. Finally, in 2006, the hotelier sold the estate to the Ontario Municipal Employees Retirement System private pension fund. The listing is now held jointly by Sotheby’s International and Jones Lang Lasalle.
Canadian real-estate has still been on the down side, according to a recent report from the Canadian Rest Estate Association, so who knows, you might be able to get Kenauk at a steal. But better act quick, the luxury market is expected to rebound in 2013. For anyone who’s ever wanted to feel like royalty ruling his or her own kingdom, this could be your chance.
[Images via Sotheby’s International]
I want more stuff like this!