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Maine’s ‘Rockefeller Country’ Home Values Make the Rich Richer

The Rockefellers, the Morgans and the Astors, the most powerful Gilded Age families, knew how to pick real estate. The worth of the properties they once owned on Mount Desert Island in Maine has soared during the national real estate bust.

Americans watched their home values tumble an average of 29 percent from the start of the real estate collapse in 2006, according to the Federal Reserve. Mount Desert estates owned by the descendants of oil and industrial barons gained by almost the same amount, according to local records.