F e b r u a r y / M a r c h 2 0 1 8 3 9 Real Estate photos courtesy LandVest A wo r l d away L ong ago, “Faraway,” at the tip of East- ern Point, was a fully realized Arts & Crafts statement on Greening Is- land, in Southwest Harbor. With 4.75 acres and 1,500 feet of deep shorefront, Philadel- phia investor Sabin Woolworth Colton, Jr., a member of the New York Stock Exchange, knew he’d secured a big slice of unforgetta- ble here for his family. “The architect was Horace Wells Sell- ers of Tilden, Register & Pepper of Phila- delphia,” says listing agent Story Litchfield. “The fabulous house dates to 1901. “It was in the Colton family for over 100 years. Mrs. Colton was lovely but older, and her grown daughters were okay with her de- cision to sell it in 2006. It wasn’t going to work for them.” Going green The second owners are Irving ‘Irv’ Bailey, financier and founder of Chrysalis Ven- tures, and Cathy Bailey, a diplomat and for- mer U.S. Ambassador to Latvia. They com- pletely renovated, but carefully preserved, Faraway, with its floorboards of fir and paneling fashioned from underwater cy- press. What a challenge to update this es- Living Large Meet three waterfront stunners and discover the stories that surround them. By Colin w. sargent $6.6M