David Rockefeller’s Maine Estate On The Market

SLIDESHOW: The Rockefellers’ Maine summer home, called Ringing Point, is set on nearly 15 acres of woodland and almost a kilometre of shoreline at Seal Harbor.

The late billionaire philanthropist’s 14.5-acre property on Mount Desert Island, Maine, US hits the market for US$19 million — with all proceeds slated to go to charity.

David Rockefeller, the last surviving grandson of Standard Oil founder John Rockefeller, was 101 when he passed away on 20 March this year. He was the oldest billionaire on Earth at the time of his death.

Rockefeller’s will gave his kids first claim on his Maine summer home, called Ringing Point, set on nearly 15 acres of woodland and almost a kilometre of shoreline at Seal Harbor. It is now being sold off for US$19 million to fund his philanthropic gifts.

Once all his assets are liquidated, his estate is likely to raise over US$700 million for various non-profits, including US$20 million to the Land and Garden Preserve of Mount Desert Island in Seal Harbor and US$5 million to the Maine Coast Heritage Trust.

Ringing Point, named after the bell buoy located just offshore, was built upon the foundation of Dane Cottage, which the Rockefellers tore down. According to the listing managed by the Knowles Company, Rockefeller’s wife, Peggy, designed the seven-bedroom main house in 1972. She also guided the landscaping that blends gardens and lawns around the property, including the ones near its granite swimming pool.

The over 5,000-square-feet main house has several fireplaces and large glass windows, framing views across the lawn to the Great Harbor. Portuguese tile murals, painted floors and rustic barn-siding covering the walls complete the interiors. The estate also encompasses a guest cottage and a two-car garage.

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