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Ten Pricey Properties Sure to Be Pricechopped in 2013

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With all this talk of the Mayan apocalypse finally arriving on December 21, 2012, privately owned forts should have been flying off the shelves. Instead, prudent rich folks kept their cash in their pockets and left this former Danish military installation on the market. For almost a century, Middelgrundsfortet—King's Island—served as a harbor defense for Copenhagen, but was sold to a private investor in 2002. That investor had been seeking some $12.4M in exchange for the fortified isle, but may have to cut the price to find a buyer in this new, less apocalyptic, year. For more high-dollar properties that should see their prices chopped in 2013, check the map below.


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Middelgrundsfortet

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Built in the 1890s for the defense of Copenhagen harbor, the man-made Danish island known as Middelgrundsfortet is the world's largest "sea fortress" and, at 17 acres, among the largest artificial islands ever constructed. For sale for $12.4M, it would have made a perfect apocalypse getaway, but seeing as the world didn't end in December, it might be time to chop the price.

House Island

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Maine's House Island, home to the labyrinthine former military base Fort Scammell, has already been pulled from the market now that the fated apocalypse day has passed. Will it return with a price lower than the $4.85M its owner was trying for last year?

Tranquility

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The "Tranquility" estate built by Tommy Hilfiger co-founder Joel Horowitz has been on the market for more than five years now. Once asking $100M, it had its price slashed to $75M in May 2011. The price hasn't been adjusted since, meaning the brokers might be itching for another sizable chop.

Versailles

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The now-famous folly of timeshare king David Siegel, this 90,000-square-foot mansion will be "the Biltmore of Florida" once complete, but, while Siegel has resumed construction, he's not above cashing out early. Originally offered for $100M complete, the house is now available "as-is" for $65M. If the timeshare market takes another hit in 2013, or if high taxes send Siegel packing, the price could go even lower.

City Spire Penthouse

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Despite its location atop a far less desirable building, the triplex penthouse at NYC's City Spire aimed higher than even the $95M combination at 15 Central Park West when it came to market in 2012. Since the listing, the claimed designer disowned the interiors and several other parkfront trophy properties have come up for sale, leaving this circular palace with only one option to stay competitive.

Fleur de Lys

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Once the most expensive single-family home on the market in America, the Los Angeles mansion known as Fleur de Lys didn't have the best 2012. It was passed over by not one, but two of the Ecclestone heiresses, while its owner, divorcee Suzanne Saperstein reportedly passed on offers as high as $100M. Maybe she'll come to her senses in 2013.

Malibu, But Not Carbon Beach

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This $45M waterfront property in Malibu might be on the market for the first time since it was built back in 1975, but it's been on the market for nearly 2.5 years now without a nibble. It seem like a prime target for billionaire real estate addict Larry Ellison, but, as its not on his favored stomping grounds at Carbon Beach, chances are a chop is in order.

Hyannisport Misprint

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Know those so-called "fat finger" trading errors that occasionally roil the stock and commodities markets? Well that sort of thing happens in real estate, too. Take this 1,000-square-foot cottage in Hyannisport, Ma. On the market for a little over a month, it's been inadvertently listed for a whopping $52M, when in fact it's actually asking just $319K. This one is set to take the cake for largest price chop in history when the listing is finally corrected.

Jepson Island

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Hurricane Sandy brought billions in damages, but certain property sellers have yet to see the full blow. This tiny Connecticut island didn't see much damage from the storm, but the storm's stigma may bring the price down from $2M.

Wallacks Island

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The Connecticut coast is littered with small islands, many of which seem particularly threatened by weather events like Sandy. This $15.4M isle should be in for a chop with some potential buyers wary of the waterfront, and the price is already down from a high of $19M in 2011.

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Middelgrundsfortet

Built in the 1890s for the defense of Copenhagen harbor, the man-made Danish island known as Middelgrundsfortet is the world's largest "sea fortress" and, at 17 acres, among the largest artificial islands ever constructed. For sale for $12.4M, it would have made a perfect apocalypse getaway, but seeing as the world didn't end in December, it might be time to chop the price.

House Island

Maine's House Island, home to the labyrinthine former military base Fort Scammell, has already been pulled from the market now that the fated apocalypse day has passed. Will it return with a price lower than the $4.85M its owner was trying for last year?

Tranquility

The "Tranquility" estate built by Tommy Hilfiger co-founder Joel Horowitz has been on the market for more than five years now. Once asking $100M, it had its price slashed to $75M in May 2011. The price hasn't been adjusted since, meaning the brokers might be itching for another sizable chop.

Versailles

The now-famous folly of timeshare king David Siegel, this 90,000-square-foot mansion will be "the Biltmore of Florida" once complete, but, while Siegel has resumed construction, he's not above cashing out early. Originally offered for $100M complete, the house is now available "as-is" for $65M. If the timeshare market takes another hit in 2013, or if high taxes send Siegel packing, the price could go even lower.

City Spire Penthouse

Despite its location atop a far less desirable building, the triplex penthouse at NYC's City Spire aimed higher than even the $95M combination at 15 Central Park West when it came to market in 2012. Since the listing, the claimed designer disowned the interiors and several other parkfront trophy properties have come up for sale, leaving this circular palace with only one option to stay competitive.

Fleur de Lys

Once the most expensive single-family home on the market in America, the Los Angeles mansion known as Fleur de Lys didn't have the best 2012. It was passed over by not one, but two of the Ecclestone heiresses, while its owner, divorcee Suzanne Saperstein reportedly passed on offers as high as $100M. Maybe she'll come to her senses in 2013.

Malibu, But Not Carbon Beach

This $45M waterfront property in Malibu might be on the market for the first time since it was built back in 1975, but it's been on the market for nearly 2.5 years now without a nibble. It seem like a prime target for billionaire real estate addict Larry Ellison, but, as its not on his favored stomping grounds at Carbon Beach, chances are a chop is in order.

Hyannisport Misprint

Know those so-called "fat finger" trading errors that occasionally roil the stock and commodities markets? Well that sort of thing happens in real estate, too. Take this 1,000-square-foot cottage in Hyannisport, Ma. On the market for a little over a month, it's been inadvertently listed for a whopping $52M, when in fact it's actually asking just $319K. This one is set to take the cake for largest price chop in history when the listing is finally corrected.

Jepson Island

Hurricane Sandy brought billions in damages, but certain property sellers have yet to see the full blow. This tiny Connecticut island didn't see much damage from the storm, but the storm's stigma may bring the price down from $2M.

Wallacks Island

The Connecticut coast is littered with small islands, many of which seem particularly threatened by weather events like Sandy. This $15.4M isle should be in for a chop with some potential buyers wary of the waterfront, and the price is already down from a high of $19M in 2011.