How Much Is It To Buy Your Own Island
According to JamesEdition. there are more than 70 private islands put up for sale worldwide. The most expensive private island for sale this year is located in Thailand: 110 acres (45 Ha) of undeveloped, white-sand and rainforest-covered land lies near Phuket and Coconut island.
how much is it to buy your own island
And, as might be expected, where price is concerned, location is crucial. So, we decided to take a closer look at the private island markets in the five most sought-after destinations: the Caribbean, South Pacific, Southeast Asia, Europe, and North America.
While it is true that the best, private island examples in the region are situated in the Bahamas, we also have spotted a few, gorgeous properties in the British Virgin Islands, Curacao, and Honduras.
In 2021, the most expensive private island in the Caribbean is located in Exuma, Bahamas, and costs $60,000,000. With its 38 buildings, a marina with 35 dock strips, and a landing strip, it forms an island resort.
$14,000,000 can buy you a 38-acre (15 Ha) island located just 3 miles from Georgetown, Great Exuma. The island has six, large beaches, two miles of walking trails, a gazebo at the highest point on the Island, a garden with a citrus grove, and a 2-acre, protected harbor with a minimum depth of 8 ft. (2.4 m). The harbor and docks can accommodate several large yachts.
This island located in North Eleuthera was gifted to World War II hero and yacht racer Lord Beaverbrook in the late 1940s. The property has a 175 ft. dock that can accommodate large vessels: an true asset, since North Eleuthera is known for its great, deep sea fishing.
Bonefish Cay is a 13 acre island jewel located in the stunning archipelago of the Abaco Islands. With 13 acres (5 Ha) of land, it is perfectly suitable for a pleasant, secluded vacation with family or friends. It features colonial-style villas with sunset view patios, lush gardens and private docks.
The Virgin Islands offer fewer opportunities for buyers, but we found an available island in the British Virgin Islands. Ginger Island boasts a picturesque, hilly landscape with views over Sir Francis Drake Channel. The area is known for its phenomenal diving and snorkeling sites.
A 7.3-acre (2 Ha), private island is located within the majestic harbor of Curacao, the Spanish Water Bay. The property has all perks of an island lifestyle, including beautiful waters and rich marine life. At the same time, mainland amenities, such as a golf resort and high-class restaurants, are easily reachable by boat.
Ifuru is a resort island nestled in Raa Atoll, a secluded enclave in the north of the Maldives. According to the seller, the property offers an excellent return on investment, primarily due to the unique efficiencies offered by the small airport located on the island.
This island is situated about 20 minutes by boat from both Phuket and Coconut Island and looks like a perfectly secluded, honeymoon-style location with its white sand beaches and Instagrammable tree swings. The 110-acre (44 Ha) island has basic amenities, including fresh water, an electric generator, and even a mobile signal; so, you are not completely cut off from reality.
Sidanao is located in proximity (roughly a 10-minute boat ride) to the Tabon Caves Complex: a picturesque nature reserve and Cradle of Civilization for the Philippines. The island is covered by coconut palm forests and can be purchased using major world currencies or Bitcoin.
This small and beautiful 11-acre (4.5 Ha) private island has only a jetty and a breakwater, but building permission can easily be obtained; the property is already registered as a resort. The island can also be developed as a fully private, high-security holiday home. It is secluded yet still close to the expressway to the international airport.
Very few countries exist in Europe where a buyer can find private islands available for sale. Greece remains the major European destination for island hunters; the country offers authentic islands that often come with historic churches, picturesque lighthouses, and traditional houses.
Located in a natural environment, this island is an exclusive retreat a world away from the bustling city of Dubai, yet only 30 minutes from Dubai International Airport and a short hop from Jumeirah 1 Marina.
Any owner of this self-sustaining, artificial island situated in Long Island Sound will enjoy views of NYC and the city of New Rochelle from the loft-style roof terrace. The property is located a brief paddleboard ride from Pea Island and is 2 nautical miles from Columbia Island.
An island offering your own sandy beach and 0.77 manicured acres (0.3 Ha) with rolling, green lawn. The house has two, wrap-around porches and an outdoor dining area designed for fun, relaxation, and escaping the worries of daily life. Can easily be retrofitted to expand to year-round use.
Harndon Island is situated in the Salish Sea, a scenic, coastal waterway between the United States and Canada, offering fantastic views and diverse marine life. The 2-acre island has a small, camping cabin with spectacular views of the park and Orcas Island.
Whether you are indulging in an exclusive buyout or own your own, a private island vacation is the ultimate symbol of sheer luxury. But images of pristine white-sand beaches and total privacy from the outside world aside, how much does owning a private island cost?
The beauty of this private island purchase opportunity is that it is being sold as a whole resort, including everything from organic farms and a Tesla solar farm, to an organic golf course and luxurious accommodations, rather than an undeveloped piece of ocean-locked land.
Another exceptional private island currently available to purchase is Cave Cay, which is found in the famous Exuma island district of the Bahamas. Boasting pristine white-sand beaches and lush vegetation, Cave Cay Private Island is an amazing purchase opportunity, with approvals already in place for a marina and hotel development. To seal the deal, the island purchase comes with all materials and heavy equipment to complete the build of three guest houses, bathroom facilities and a clubhouse and restaurant included in its $60m asking price.
Not all private islands are equal. While some arrive on the market beautifully developed and ready for occupation (or to rent out), others are in need of a little (or a lot) of work, with development being an essential consideration when talking about the cost of a private island.
Location is key when it comes to understanding how much a private island actually costs in terms of development. Of course, buying your own idyllic stretch of land with hundreds of miles of ocean between you and your closest neighbors is the dream scenario. However, the more remote your island is, the more accessibility becomes an issue, with development costs stacking up as a result.
And your desired end result is another factor to consider. Looking to leave the island as natural as possible with just a modest dwelling? Your development costs will naturally be significantly lower than if you want to build an entire luxury resort. Similarly, an island with an existing development in need of refurbishment is likely to cost you less to work on than starting from scratch.
Islands in the Oceania region are more expensive at $18,537 on average per acre, while they are $23,516 on average per acre in North America. Europe ranks as the second most expensive continent to purchase a private island, with the average cost per acre over $68,000. The most expensive place to own a private island is in Asia, where islands average over $313,765 an acre.
MeiMei Fox is a New York Times bestselling author, coauthor and ghostwriter of over a dozen non-fiction books and thousands of articles for publications including Huffington Post, Self, Stanford magazine, and MindBodyGreen. She specializes in health, psychology, self-help and finding your life purpose. Fox graduated Phi Beta Kappa with honors and distinction from Stanford University with an MA and BA in psychology. She has worked as a life coach since 2009, assisting clients in developing careers that have meaning and impact. At present, she lives in Hawaii with her twin boys and the love of her life, husband Kiran Ramchandran. Follow @MeiMeiFox
For many of the most discerning real estate investors, a private island is the ultimate investment offering a unique level of exclusivity, but how much do islands cost? Well, prices can differ considerably according to a series of factors including location, geography and development potential. In the Caribbean region, prices for Caribbean islands for sale can vary from approximately half a million dollars for a small island in the warm Caribbean waters off the coast of Belize up to tens of millions for substantial islands spanning hundreds of acres in the most desirable parts of The Bahamas.
With so many islands available for sale and a less mature real estate market than other parts of the region, prices for islands in Belize tend to be lower than The Bahamas. Prices can range from approximately US $500,000 for a 0.5 to 1 acre undeveloped private island up to US $10 to $12 million for larger 60 to 70 acre islands, often with some infrastructure and development in place such as existing homes, docks, roads and airstrips.
Private islands are also available to purchase in a few other parts of the Caribbean. Take the island of Curacao in the southern Caribbean for example. Islands do not often come on the market on this Dutch Caribbean island, but this private island for sale in Curacao is currently on the market for US $8.8 million, offering a rare opportunity to own an island in prestigious Spanish Water Bay.
The process of buying a private island is similar to the process of buying any other kind of real estate, but there are a lot of additional considerations to take into account, such as accessibility and basic utilities. No matter what kind of island you are thinking about buying, be sure to do your research so you understand exactly what you are getting yourself into. 041b061a72