As many explore new ventures during the pandemic in the past two years, some explore the evergrowing blue chip investments of real estate and diversifying their business journey. Extreme real estate lovers would want to own a private island as well, for a getaway or perhaps everyday living. This is a way individuals, together with their family or friends, could indulge in private spaces and acquire peace round the clock. A couple of private islands are once owned by popular celebrities and notable personalities, which they decide to put up for sale. It all depends on who is willing to throw in the cash and snatch the deal away from other potential viewers.
In the 2000s, the United States real estate market increased the cost-per-acre for private islands. The effect was supplied by the arrival of the internet, which provided wider access to island listings. Prices are inclined to be lower in Nova Scotia, parts of Michigan and Maine, and parts of Central America. However, it is higher in Europe, the Bahamas, and Oceanic countries like French Polynesia.
Having an island to yourself would not just be about properties, but what you would possibly relish on the island is what makes it second to none. Hence, looking for a land offshore to conquer could boost a well-rounded real estate portfolio.
Here are 5 Private Islands under our radar for those seeking one for an adventure:
- Overseas Highway, Summerland Key, Florida
- Goodwin Island, West Gardiner, ME
- Premium Point, New Rochelle, NY
- Leaf Cay, Exumas, Bahamas
- Little St. James and Great St. James, Virgin Islands
Overseas Highway, Summerland Key, Florida
Known as “Little Crab Key”, the 1-acre island has a 5,325-square-foot, six-bedroom house on the Florida coast. It features a pool, a beachfront, and tropical landscaping that boost the property’s front porch appeal. There are palm trees along the coast, what you would envision of a typical summer island and yes, there are also orchids.
It is an ideal escape for you or a short-term stay. It is located a mere 15 miles from Key West with just a short boat ride from the backyard beach. Although the island is largely undeveloped, edged with jungle foliage, one would be able to easily grow accustomed to the serenity. This gorgeous oceanfront home would cost you a cool US$3 million.
Goodwin Island, West Gardiner, ME
Located in the middle of Cobbosseeconte Lake, this island provides the classic Maine adventure. Even if you did not grow up in the West, you would have most likely dreamt of occupying your time away during the summer in an isolated, bosky area where hiking and fishing are the primary activities.
This 22-acre island lists for US$799,900 and offers up with two rustic cottages as well as several bunkhouses, so the entire family could assemble on the property. The interior showcases a very country-like resemblance to a lodge. It’s also covered with a sweeping woodland with walking paths marked out throughout the island. As the island is remotely located along a lake, there is simply no light pollution from the surrondings. With this added plus point, owners and guests could indulge in a fulfilling evening of stargazing. The opportunities for adventures are nearly unlimited.
Premium Point, New Rochelle, NY
Looking for a house in Premium Point is nearly impossible. It is a desirable area with very little turnover in ownership as people usually live here for as little as 30 or 40 years. Due to its high demand in the area, the secludedness of the island and the Mediterranean-style waterfront home, you could scoop it up for US$4.9 million.
The property was built in 1917 and presents a six-bedroom for a grand living. The 7,796-square-foot home features an outdoor pool, indoor gym, and a two-car garage. An exclusive detail to boast is the gorgeous view of Long Island Sound and Premium Mill Pond. There are new updates on the property which include a two-story addition folding in the family room, a wine room, a bedroom and full bathroom, plus a terrace with a built-in fireplace overlooking the pond. Ideal for housing overnight guests, the pool house features a bedroom, shower, kitchenette, and changing room. This island property would give the best experience one would obtain for a long term stay.
Leaf Cay, Exumas, Bahamas
It was not too long ago that news of Nicolas Cage selling his assets broke the internet. The eccentric actor has amassed quite the real estate portfolio, possessing mansions in Newport Beach, New Orleans, and Las Vegas, and even two castles in Europe and Los Angeles. The most unusual yet captivating is Leaf Cay located in Exumas, Bahamas which is listed for US$7.5 million.
The island’s highlight is the access to three beaches and a miniature pond that could serve as an independent harbour for your yacht. The island has no development yet but it is well maintained and ready for the approval of at least five cottages. Leaf Cay could make a perfect destination for adventurous travellers who have a thirst for watersports like sport fishing and boat sailing. Overall, with great planning and further development, the acquisition of Nicholas Cage’s Leaf Cay would be a portfolio lift.
Little St. James and Great St. James, Virgin Islands
In the U.S. Virgin Islands, the properties were key pieces of the late investor, Jeffrey Epstein’s substantial international property portfolio. Two of the private island properties owned by Epstein are going on the market for a whopping US$125 million.
The larger of the two islands is named Great St. James spanning over 160 acres and the smaller, Little St. James, just 70 acres. It includes a helipad, a private dock, a gas station, two pools, a main residential compound, four guest villas, three private beaches, a gym and a tiki hut. This property is hot on the list, just looking at the island’s expanse and amenities like a personal gas station for yachts is just intriguing.
Counting these properties into your investments would add weight to it just like any other aspiring estate lover digging into stable growth with diversification.
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