could be sold for between $9 million and $10 million, The Royal Gazette has learned.

The property, Sea Crest, owned by Mr. Alan Marshall, sits high above the South Shore, overlooking the Castle Harbour Hotel beach on one side and the equally exclusive Winsor Beach on the other side.

It is fitted with state of the art security and surveillance systems to protect against unwelcomed intruders, including electronic gates and closed circuit video surveillance.

The asking price was originally listed at $10 million when it came on the market last year. Extensive work was underway at that time in extending an old cottage that was once on the two acre property.

Even realtors were awed by the renovations and extensions and additions that included a 12-seat multi-media theatre, a 50-foot swimming pool that overflows over a waterfall and a 10-seat pool-side jacuzzi.

The property also icludes a croquet lawn and a putting green near the edge of a cliff, a green house, a private gym, a billiard and games room, together with the most sweeping of South Shore views.

The house also feature oversized electronic sliding glass doors which open from the large living room to the steps of the pool.

The five-bedroom home, sold with completely new furnishings, boasts a master bedroom with his and her bathrooms and the other four bedrooms are also generously appointed.