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Private island purchase costs vary significantly, ranging from $ 50,000USD on the low end, $ 50,000,000USD on the mid-high end and all the way up to $ 200,000,000USD on the top 1% exclusive end. It's important to consider not only the initial purchase price but also extra costs such as maintenance, utilities, and any additional development you may want to undertake.
Private islands are available for purchase by individuals, corporations, or entities worldwide. Ownership eligibility typically depends on local regulations and legal requirements in the specific country where the island is located. It's advisable to consult with local experts and legal advisors when considering the purchase of a private island to ensure compliance with local laws and your own due dilligence.
Yes, there are ongoing expenses associated with private island ownership. These expenses may include maintenance, utilities, property taxes, staff wages, and any additional development or amenities you choose to add to your island. It's important to budget for these costs in addition to the initial purchase price when considering island ownership.
Yes, you can build your dream home on a private island in most cases. However, the ability to construct a structure on the island will depend on local regulations and permits, which vary by location. It's important to research and comply with the specific building and environmental guidelines in the area where your island is situated before beginning construction.
Yes, private islands can be used as investment properties. Many owners choose to rent their islands to vacationers, making them income-generating assets. The potential for returns on investment varies based on factors like location, amenities, and marketing strategies. It's essential to conduct proper research and consider the ongoing management and maintenance costs when using your island as an investment property.
The amenities on a private island can vary widely. They may include existing homes or cottages, docks, beaches, utilities, and infrastructure for electricity and water supply. Some islands also feature luxury amenities like swimming pools, private beaches, and recreational facilities.
Access to your purchased private island can typically be achieved by boat, seaplane, or helicopter or driving by car if the island is accessible from the main land. It's essential to consider transportation logistics and options when buying an island, as some remote islands may have limited or seasonal access.
We're a licensed real estate marketplace, enabling island owners to rent and sell their private islands to a global audience seeking to buy, book a holiday, or hire a unique event venue.
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