Most expensive private islands #5

As of January 3, 2012, the home is currently for sale for $18,900,000.

This mansion, located in Stamford, CT, is the former home of John Pierpont "Jack" Morgan, Jr. (September 7, 1867 — March 13, 1943). J. P. Morgan, Jr. was an American banker and philanthropist, the son of J.P. Morgan, and grandson of financier Junius Spencer Morgan, Jr.

The four acre Caritas Island, also known as Greenway Island, located on Long Island Sound, just off the Connecticut coast has a storied history. Originally this was a residence of another very noted financial family, Anson Phelps Stokes Jr. and J. G. Phelps Stokes, descendent of the family who started the Phelps-Dodge mining company. Artist Rockwell Kent stayed here for a time when it was owned the Phelps Stokes family. On March 19, 2007, Phelps-Dodge Corporation was acquired by Freeport-McMoRan and now operates under the name Freeport-McMoRan Copper & Gold Inc.

The estate today includes a lap pool, saltwater pool, 200-foot deepwater dock, guest cottage, caretaker’s cottage and gardens. The 14,159 square foot stone and stucco English Manor house was built in 1906 and has 11-bedrooms. The island can be reached by boat or by a private gated causeway. It was listed for sale in 2006 with an asking price of $25 million via Sotheby's International Realty. As of January 14, 2012, the home is currently for sale for $18,900,000. The home has annual property taxes ranging from $161,702 to $216,006.

It was recently featured on the homepage of Yahoo's website as one of "5 Posh Private Islands for Sale."

http://realestate.yahoo.com/promo/5-posh-private-islands-for-sale.html

http://en.wikipedia.org/wiki/J._P._Morgan,_Jr.