Fossil fuel baron and Cape Wind opponent Bill Koch has expanded his Cape Cod property holdings with the purchase last week of the $19.5 million, 26 acre Mellon compound in Osterville, MA (seen here in this slideshow). Koch’s recent land grab followed the purchase of an adjacent estate for $7 million from the Dupont family in December. According to news reports, he plans to combine the two properties into a single family vacation compound. Koch has owned a home in Osterville since 1984.
Koch’s recent land grabs have secured him over 1,000 feet of private beach, and, ironically, the best view on the Cape of Cape Wind, the nation’s first offshore wind project, which is set to begin construction in 2013.
“This is a chance of several lifetimes,” Koch told the Cape Cod Times about buying both properties and merging them into a place for his children and grandchildren to use.
For the property, and the view, Koch spared no expense: the property was the highest-priced home for sale on the Cape. Located within the exclusive, gated community of Oyster Harbor, the 21-room, 7,000-square-foot home, with eight bedrooms and nine bathrooms, lies on 27 acres, and includes 1,000 feet of private beach facing into Nantucket Sound, where the Cape Wind project has received federal approval to be built.
Jack Cotton of Sotheby’s International, who represented the seller, told the Boston Business Journal that “nature was nurtured and respected. The owner was a true steward of the property.”
We do hope that the entire Koch family, as well as future generations, will keep up this tradition. He can begin by halting his opposition to Cape Wind.