Mr. Munson has since bought a second parcel, 160 acres of hilly grassland for $45,000.
The second parcel of land is 10 acres; it is accessible by an internal road and has a separate gate on an existing paved road.
Mr. Durst also has a contract to buy a third parcel, at the southwest corner of 43rd Street and the Avenue of the Americas.
Second, parcels of unused land in flood-prone sections of cities could be put to work to help control water runoff.
The trustees appointed a committee to report on an eligible location for a cemetery and on September 5, 1849, the first parcel of land was purchased.
The house sits on the first parcel of land, which is 73 acres, and it includes a spring-fed private lake.
The redevelopment authority sold the first parcel of land in Marina South, 2.8 acres, for $257 million to a joint venture between a local developer and two Hong Kong partners.
Gareth Davies, director of development at Coastal, says: "We bought our first parcel of land around here in 1998.
When the couple paid 21.4 million New Zealand dollars, or $15.6 million at the time, for the first parcel of 17,000 hectares, or more than 42,000 acres, the government's Overseas Investment Office said the purchase would result in a substantial and identifiable benefit to New Zealand, he added.
