A SITE with boating and fishing rights for a reservoir lake has gone on the market for €1.6m.
The five-and-a-half acre site on the shores of Lough Guitane (pictured) includes full planning permission for a 7,000 sq ft house.
There is already an existing 2,500 sq ft property on the site.
This was inspired by Frank Lloyd Wright's 'Fallingwater' house in Pennsylvania. Mr Lloyd Wright is best known for designing the Guggenheim Museum in New York.
The sale also includes the sole boating, fishing and recreational rights for Lough Guitane, one of the famous Lakes of Killarney, which also supplies drinking water for the entire county. This will affect how the recreational rights are exercised and will even put serious restrictions on the size of engine used on a boat. However, a spokesman for Kerry County Council has disputed that the property has the sole rights.
Lough Guitane is bordered by sites other than the one that is for sale.
The spokesman also confirmed the local authority had an Abstraction Order since the 1970s to take water from the lake and this would not be affected.
The owner of a retreat for famous musicians in Cornwall has looked at a property in Ireland as a possibility for a similar venture.
Auctioneer Michael Doyle, of Doyle's Sales and Lettings in London, who is handling the sale, confirmed to the Irish Independent he had been approached.
"Killarney is actually far more accessible for London than Cornwall which is only reachable by road or helicopter. Someone could easily fly into Kerry Airport in Farranfore from London and then make their way to Killarney," Mr Doyle said.
"I'd imagine that anyone with the type of money to invest in it would prefer to use the planning permission for the Frank Lloyd Wright inspired house," he said.
But the auctioneer hopes the eventual buyer will be someone from Co Kerry or at least with some connection to the area.
"It probably is the most unique property for sale in the country at the moment and compared to what's on offer in the UK it's incredible value at around Stg£1.3m.
"I had been hoping to market it to Irish business people in Britain but I wasn't expecting it to spiral like it has," Mr Doyle added.
Chances are it could just as easily be bought by a wealthy oligarch, as it's also on the market in Russia with three different agents.