If the house and its land fetch the £8m asking price, that is a lot less than the £62m the estate was said in the company accounts to have gained in value since the purchase in 1987.
Meanwhile, the relatively coarse resolution of the underlying terrain model used in the numerical weather prediction system may lead to an inaccurate mean wind speed profile at lower altitudes, especially when the winds are coming from the land fetch.
The sea plane, banking, landing, fetching us back to Male, was the beginning of the end of an event.
Today, the entire parcel, surrounded by 400-plus acres of preserved land, might fetch more than $25 million, said Paul Brennan, regional vice president of the Hamptons office of Prudential Douglas Elliman.
The land could fetch billions of dollars from developers, say state officials, urban planners and real estate executives.
Even in the current real estate market, a ballpark estimate is that the land would fetch at least $5 billion from a developer.
More than 10 years ago, the owner of the property, James Martin, was offered $5.5 million for it by a developer, and that is a pittance compared with what the land would fetch today.
That works out to just over $800 per acre (a monthly parking fee in Manhattan), and it's a safe bet that this land will fetch much more when the hammer comes down.
Vacant land is also fetching high prices -- from 1.1 acres on Long Island Sound, which sold for $1.6 million, to 105 acres in Bedford, which sold for $1.63 million.
Assuming the land Schenck sold fetched the same amount, he would have sold some 4,000 acres of land.
