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ANACORTES, Wash. -- Billionaire and Microsoft co-founder Paul Allen has sold a 292-acre island in the San Juans in northwest Washington state for $8 million.

The Seattle Times reportsthe property sold on Dec. 20.

Photos: Paul Allen's San Juan island

Allan Island, named after a Navy hero, is southwest of Anacortes. Data from the Northwest Multiple Listing Service shows it was listed in 2005 for $25 million and slashed to $13.5 million in 2009.

More: Paul Allen selling WA island for $13.5M

The Windermere real-estate agent who listed the property, Wallace Gudgell, didn't immediately return the newspaper's requests for comment on Monday.

Allen bought the island in 1992 to build a vacation home. It's only accessible by private plane, boat or float plane.

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