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The last piece of privately-owned land in the Arctic archipelago Svalbard is up for sale for a cool 300 million euros ($324 million), reports CNN.

Spanning 14,830 acres (23.2 square miles), the land has “significant environmental, scientific and economic importance,” according to the respective listing.

The archipelago is located between mainland Norway and the North Pole, and has taken on greater geopolitical importance as the sea ice melts, opening new shipping routes and increasing its strategic value.

The land is found at Wedel Jarlsberg in western Svalbard and can be reached in three hours by boat from Longyearbyen, the largest settlement in the archipelago, which offers regular flights to the Norwegian capital Oslo, according to the listing.

Located inside a fjord, the plot has five kilometers (three miles) of shoreline, as well as mountains, glaciers and “an abundance of wildlife,” reads the listing.,listing%20from%20agent%20Knight%20Frank.

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