Anyone In the Market to Buy an Island?
Now might be a great time to buy:
Worldwide, there are about 500 islands up for sale, about 20 percent more than there were a few years ago, Krolow said. On the low end, islands, many completely undeveloped, are priced in the hundreds of thousands of dollars. On the high end, hundreds of millions.
Those with the wherewithal to consider buying an island might be interested in Little Hog Cay, a 25-acre, $1.9 million barrier island in the Bahamas, according to Private Islands. Or there's the 148-acre Caribbean Island in Quintana Roo, Mexico, on the market for $9 million. Sixteen-acre Ram Island south of Maine is going for an "affordable" $595,000.
On the other end of the price spectrum, there's Rangyai Island, a picturesque 110 acres of white sand and tropical forest off the coast of Thailand, a convenient 20 minutes from Phuket International Airport. Price: $160 million.
In the San Juans, six islands are for sale, said Wally Gudgell, who has spent more than three decades selling real estate there. In addition to Vendovi, Allan Island, which boasts an airstrip, Young Island, Reef Island and two unadvertised islands are all looking for buyers. The islands are priced from about $1 million to $12 million, Gudgell said.
Ricochet island timeshare anyone?
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Comments :
Aug '10
Re: Anyone In the Market to Buy an Island?
Will it come with our very own surfing dog? (Named Ricochet, natch -- a.k.a. Rip Curl Rickie.)
Because a private island is not complete without a surfing dog.
Aug '10
Re: Anyone In the Market to Buy an Island?
Emerald island to the west of Britain,several airstrips,many golf courses and other social amenities-reasonable offers will be considered.
Aug '10
Re: Anyone In the Market to Buy an Island?
Any Greek islands up for sale?
Oct '10
Re: Anyone In the Market to Buy an Island?
Be careful; there are "part-time islands" for sale in the Caribbean and off the coasts of Central and South America. These are idyllic island paradises until the hurricane storm surge submerges them beneath the waves. When you go shopping for an island, always ask "What's the oldest structure here?" If it's less than 20 years, move on to the next candidate on your list.
May '10
Re: Anyone In the Market to Buy an Island?
As it happens, my brother and I bought an island a few years ago in the Georgian Bay for $7000 Canadian. It's slightly less than an acre and so by code cannot be built upon--which is why it's practically worthless--but it's great camping.
May '10
Re: Anyone In the Market to Buy an Island?
We could always pool our funds and if Mr. Obama is reelected in 2012.... Hello, the United States of Ricochet. We'll just be our own chain of islands... All we need is free enterprise (and an aircraft carrier).
May '10
Re: Anyone In the Market to Buy an Island?
I was in the market, but I purchased a rowhouse in DC instead... I guess I should have waited for the "Island" bubble to burst!
Aug '10
Re: Anyone In the Market to Buy an Island?
But if the Big O is re-elected in 2012, will we be able to afford an island any bigger than this?
Now that's an island that could well and truly capsize.
May '10
Re: Anyone In the Market to Buy an Island?
Didn't someone write a great book somewhat along these lines? In our house it's referred to as "the big book of capitalism."
If the island's got interesting birds I'm in.
Edited on Oct 18, 2010 at 6:31pmAug '10
Re: Anyone In the Market to Buy an Island?
Seems to me that island off of Quintana Roo in Mexico might have a leetle security problem with all the drug gangs running around but maybe I'm just paranoid...