Rupert Murdoch, media mogul and head of News Corp. has put his Long Island estate in Centre Island on the north shore for sale for a reported 14.8 million. Rupert is a sly dog and not a man to let a home miss out on any of it’s value. Long Island real estate sells in the summer as the sky’s are clear, the weather glorious, and the winter’s overwhelming pall is gone. Most people are too greedy to get the benefit of the summer and show in the spring or fall.

But Rupert Murdoch likes to maximize making his money and if he sells he will double his buying price in the home that overlooks  Oyster Bay Harbor.

What is even more funny is that the Wall Street Journal has a big write up on the home sale. Murdoch is in negotiations to buy the paper, do you think that the real estate writers are smart about making nice to the new boss.

The asking price for the home on Centre Island, an affluent community about 35 miles from Manhattan, would be nearly double what Mr. Murdoch and his wife, Wendi, paid four years ago. The property’s 4.6 acres include a pool with 950-square-foot guest house, a tennis court, a beach cottage and a boat mooring. The white wood-frame, Federal-style main house, known as Rosehearty, measures about 10,000 square feet, overlooks Oyster Bay Harbor and has 11 bedrooms, high ceilings, oak floors, an elevator and a private generator.

The News Corp. chairman, 76 years old, paid $7.78 million for the estate in 2003. The couple added an electronic gated entrance; other work included wrought-iron fencing around the property and redecorating. Barbara Candee of Daniel Gale Sotheby’s International Realty will have the listing. via WSJ.com.

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