- A private island in New York is for sale for for $9.95 million— a $3 million discount from what it was asking in early 2019.
- The property, which has been on and off the market for years, was originally asking $12.9 million.
- Called Petre Island or Petra Island, the property includes two homes designed by famed architect Frank Lloyd Wright.
- The island, which sits in Lake Mahopac in Carmel, is only about an hour's drive from New York City.
- It comes with a private helipad and boat dock.
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You can now buy a private island an hour from New York City for less than $10 million.
The property has been on and off the market for years, according to Curbed, and it was most recently listed for $12.9 million in early 2019. After a $4 million discount, it's asking $9.95 million.
Known as Petre Island or Petra Island, the property boasts two homes designed by iconic architect Frank Lloyd Wright. One is a 1950s guest cottage and one is a sprawling, four-bedroom house that juts out over the lake.
The home also includes a private rooftop helipad and a boat dock.
Margaret Harrington of Douglas Elliman holds the listing.
Here's a look at the one-of-a-kind property.
A private island in New York is for sale for $9.95 million after a $3 million price cut.
![](http://static6.businessinsider.com/image/5c421713faf1325662021702-400-300/a-private-island-in-new-york-is-for-sale-for-995-million-after-a-3-million-price-cut.jpg)
It's been on and off the market for years, most recently asking $12.9 million in early 2019.
The island, known as Petre Island or Petra Island, is located in Carmel, New York.
![](http://static4.businessinsider.com/image/5c42169eecbeb4599a616bab-400-300/the-island-known-as-petre-island-or-petra-island-is-located-in-carmel-new-york.jpg)
It's a little over an hour's drive from New York City.
Two houses designed by famous architect Frank Lloyd Wright sit on the property.
![](http://static5.businessinsider.com/image/5c421decfeba8c5e0e3ae31e-400-300/two-houses-designed-by-famous-architect-frank-lloyd-wright-sit-on-the-property.jpg)
Source: Douglas Elliman
The island was previously listed for $15 million in 2017.
![](http://static1.businessinsider.com/image/5c421e3e3028c15b235afec6-400-300/the-island-was-previously-listed-for-15-million-in-2017.jpg)
Source: Douglas Elliman, Curbed
The first house is the original 1950s guesthouse ...
![](http://static2.businessinsider.com/image/5c421f4a10f0d05c9e3cd497-400-300/the-first-house-is-the-original-1950s-guesthouse-.jpg)
Source: Douglas Elliman
... and the other is a four-bedroom residence that juts out over Lake Mahopac.
![](http://static4.businessinsider.com/image/5c421eb47196715f7a4896c4-400-300/-and-the-other-is-a-four-bedroom-residence-that-juts-out-over-lake-mahopac.jpg)
Source: Douglas Elliman
A helipad on the roof of the main house makes the property just "a quick helicopter ride from Manhattan or Westchester Airport," the listing notes.
![](http://static4.businessinsider.com/image/5c421e850f2d9b638138714b-400-300/a-helipad-on-the-roof-of-the-main-house-makes-the-property-just-a-quick-helicopter-ride-from-manhattan-or-westchester-airport-the-listing-notes.jpg)
Source: Douglas Elliman
A staircase leads down from the house to the boat dock.
![](http://static5.businessinsider.com/image/5c42145110f0d05b3d742e61-400-300/a-staircase-leads-down-from-the-house-to-the-boat-dock.jpg)
Source: Douglas Elliman
The house is built around a large rock.
![](http://static2.businessinsider.com/image/5c4226f517c2c56641772303-400-300/the-house-is-built-around-a-large-rock.jpg)
Source: Douglas Elliman, Town & Country Magazine
The inside of the home is decorated in warm, earthy tones.
![](http://static5.businessinsider.com/image/5c42227decbeb45b4b06e9d5-400-300/the-inside-of-the-home-is-decorated-in-warm-earthy-tones.jpg)
Source: Douglas Elliman
Stonework is scattered throughout the house, including in the modern kitchen.
![](http://static5.businessinsider.com/image/5c4222c6b492cb6189611aa6-400-300/stonework-is-scattered-throughout-the-house-including-in-the-modern-kitchen.jpg)
Source: Douglas Elliman
Several fireplaces help cozy up the home.
![](http://static3.businessinsider.com/image/5c42240d10f0d05d8c1f2526-400-300/several-fireplaces-help-cozy-up-the-home.jpg)
Source: Douglas Elliman
Some of the bedrooms open up to balconies overlooking the lake.
![](http://static4.businessinsider.com/image/5c42247d3670ad5e50341f8c-400-300/some-of-the-bedrooms-open-up-to-balconies-overlooking-the-lake.jpg)
Source: Douglas Elliman
The bathrooms are minimal yet luxurious.
![](http://static1.businessinsider.com/image/5c422508c8635e615a67c13d-400-300/the-bathrooms-are-minimal-yet-luxurious.jpg)
Source: Douglas Elliman
Wooden shelving and storage are built into the home ...
![](http://static2.businessinsider.com/image/5c4224b23028c15bec637ce7-400-300/wooden-shelving-and-storage-are-built-into-the-home-.jpg)
Source: Douglas Elliman
... and huge skylights let in plenty of natural light.
![](http://static2.businessinsider.com/image/5c4224d6c8635e615a67c13a-400-300/-and-huge-skylights-let-in-plenty-of-natural-light.jpg)
Source: Douglas Elliman
One section of the house extends out over the water and offers panoramic views of the lake.
![](http://static5.businessinsider.com/image/5c4225543670ad5e50341f93-400-300/one-section-of-the-house-extends-out-over-the-water-and-offers-panoramic-views-of-the-lake.jpg)
Source: Douglas Elliman
Outside, expansive living areas allow al fresco dining ...
![](http://static5.businessinsider.com/image/5c4228a3ecbeb45bd4350a4c-400-300/outside-expansive-living-areas-allow-al-fresco-dining-.jpg)
Source: Douglas Elliman
... or warming yourself up by a fire in colder weather.
![](http://static5.businessinsider.com/image/5c4228e6b492cb629c48cbf2-400-300/-or-warming-yourself-up-by-a-fire-in-colder-weather.jpg)
Source: Douglas Elliman
You'll have the nearly 11 acres of the island all to yourself.
![](http://static1.businessinsider.com/image/5c422927feba8c5fba4af9ba-400-300/youll-have-the-nearly-11-acres-of-the-island-all-to-yourself.jpg)
Source: Douglas Elliman
There is some controversy over the main house on the island.
![](http://static1.businessinsider.com/image/5c4225c48d58f95a7b177b95-400-300/there-is-some-controversy-over-the-main-house-on-the-island.jpg)
Source: Curbed
According to Curbed, Frank Lloyd Wright designed a 5,000 square foot home for the island in 1950 but ended up building a small cottage instead, after the owner came to the realization that he couldn't afford the larger one.
![](http://static2.businessinsider.com/image/5c4225fb10f0d05de1168d65-400-300/according-to-curbed-frank-lloyd-wright-designed-a-5000-square-foot-home-for-the-island-in-1950-but-ended-up-building-a-small-cottage-instead-after-the-owner-came-to-the-realization-that-he-couldnt-afford-the-larger-one.jpg)
Source: Curbed
Years later, a new owner of the island had the original design built, but the Frank Lloyd Wright Foundation does not recognize it as an authentic Wright design.
![](http://static4.businessinsider.com/image/5c42285aecbeb45c0318b98a-400-300/years-later-a-new-owner-of-the-island-had-the-original-design-built-but-the-frank-lloyd-wright-foundation-does-not-recognize-it-as-an-authentic-wright-design.jpg)
Source: Curbed, Frank Lloyd Wright Foundation
Still, the geometric elements and blending with nature embody Wright's designs. And the private island setting is quite the draw in itself.
![](http://static4.businessinsider.com/image/5c4227760f2d9b65130300f8-400-300/still-the-geometric-elements-and-blending-with-nature-embody-wrights-designs-and-the-private-island-setting-is-quite-the-draw-in-itself.jpg)
Source: Curbed