tide mill yacht basin for sale

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Tide Mill Yacht Basin

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November 2024

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Developer seeks $30M buyer to turn Rye marina into luxury estate

A marina in Rye is being proposed as a luxury estate ”“ provided someone is willing to pay $29.95 million for its creation.

The Wall Street Journal reported builder Paul Varsames plans to turn the 50-slip marina Tide Mill Yacht Basin into a three-acre residential property with an 11,000-square-foot main house, a two-bedroom guesthouse and a pool. The marina”™s owner, Peter Donahue, has operated Tide Mill since 1972 and is planning to retire.

The listing is the most expensive residential property on the market in Rye, according to Joan O”™Meara of Houlihan Lawrence, is co-listing agent along with Sara Gore of Serhant. If a buyer agrees to an asking price, the transaction would break the record of Rye”™s most expensive property sale that was set in 2016 with a $21.15 million deal.

Photo courtesy Tide Mill Yacht Basin

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 11 books (including the new release "100 Years of Wall Street Crooks," published by Bicep Books). He is also the host of the SoundCloud podcast "The Online Movie Show," host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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