Apr 04, 2026 by Kathleen O’Brien/BDN MOUNT DESERT—The value of a billionaire’s compound in an exclusive Mount Desert neighborhood has jumped significantly as renovations on the site continue, hinting at what’s underway at the multimillion-dollar property. Mitchell Rales, a minority owner of the Washington Commanders, bought a nearly 15-acre oceanfront property on Mount Desert’s Cooksey Drive in January 2018 for $19 million. The site, called Ringing … Continue reading Value of Billionaire’s MDI Estate Grows as Construction Continues on Former Rockefeller Property