According to the Bangor Daily News, the former summer home of philanthropist billionaire David Rockefeller has sold for $19 million.

Proceeds from the sale of the home, located on Mount Desert Island, will go to charity.

The Knowles Co, the realtor who handled the transaction, declined to reveal who purchased the property.  A limited-liability corporation assumed ownership at the closing on Feb. 2, Knowles spokeswoman Gina Platt said.  Money from the sale will help to fulfill several bequests in Rockefeller’s will.

The estate, called Ringing Point, sits on nearly 15 acres of lawns and forest.  The estate also includes nearly half a mile of coastline and a granite pool.  The main house, built in 1972, has seven bedrooms!

This is what $19 million will get you on the coast of Maine!

Rockefeller, the son of John D. Rockefeller Jr, passed away on March 20th at the age of 101.