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The island currently hosts an 18-hole golf course, a 5,000-square-foot residence, six guest cottages, private docks, an airstrip, a pool house and a "western village."
McCaw said he is selling the island because his family has "the perfect storm of kids' activities and no one wants to be left behind."
McCaw recently purchased an apple-green 1962 Ferrari 250 GTO, one of only 39 GTOs made from 1962 to 1964, for $35 million.