Cheapest Island For Sale In The World – The very idea of having a private island seems like a childhood dream come true. It goes back to the younger days of building forts propped up on furniture and covered with blankets, only this time you’re building your own “fort” on a private island.
However, exclusivity and of course land do not come cheap, especially when it comes to private domains. Luckily, we have our list of 10 that you can buy for $500,000 or less.
Cheapest Island For Sale In The World
Perhaps you are looking for cheap, smaller and easier to handle ones for sale: consult. You can also buy an island of up to 20 acres cheaply on the market – check. Maybe you want an island free of development so you can start from scratch. No matter what you’re looking for, read on to find the cheapest ones available for sale.
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Ready to move? This undeveloped island has no structures (which you will need to build) and is located on the east side of Turneffe Atoll, making it easy to access fishing, snorkeling, diving, and kayaking.
Ready to move? An hour by boat from Rangiroa Airport, this undeveloped island of Tahiti offers palm trees and a white sand beach – the perfect setting for your new beach house.
Ready to move? Located in the Bocas del Toro region, this move-in ready island is self-contained and includes a two-bedroom home, party cabin, private beach, boathouse, and swimming dock.
Ready to move? This white sand island in Turneffe Atoll is currently undeveloped. Its proximity to the reef means it is close to some of the best fishing and diving in Belize.
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Ready to move? The undeveloped island of Tahifehifa, located in the Vava’ua island group in Tonga, would be the perfect location for your own overwater bungalow.
Ready to move? Located approximately three miles off the Caribbean coast of Nicaragua, Pink Pearl Island consists of a main house, three cabins, a fisherman-style cabin, and a bar/restaurant. The island is currently operated as a turnkey travel company, but you could easily use it as a getaway for yourself.
Ready to move? Located at the southern tip of Saddle Caye, this undeveloped island features plenty of coral in the surrounding waters and a stretch of sand that will be perfect for sunbathing and splashing once built.
Ready to move? Surrounded by vibrant turquoise waters, this undeveloped island in the Tuamotus Archipelago is a pristine and tranquil place to reconnect with nature.
Islands For Sale In United States
Ready to move? Turneffe Point Caye, located at the northern tip of Turneffe Atoll and with a small cabin, is a dream spot for platform anglers.
Ready to move? This large undeveloped island in Raraka Atoll in the Tuamotu archipelago is home to coconut groves and white sand beaches. Build a bungalow on the beach and make it your home.
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Cheaper Than An Apartment In Europe: These 6 Private Islands Cost Less Than You Might Think
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For those who dream of quitting their job and living in paradise, there is no fantasy more tempting than the idea of having their own private island. According to the official eTA, an online visa application and help processing company, it is possible, even if you are not a millionaire. Using data from two private island real estate websites, vladi-private-islands.de and privateislandsonline.com, the official eTA analyzed more than 550 islands for sale around the world and then calculated the average cost per acre to determine the cheapest locations around the world. A study shows that your private paradise may be more accessible than you think.
“Our research shows that your own piece of paradise doesn’t have to cost a fortune,” says Jayne Forrester, director of international development at the official eTA. “Conquering your own island gives you the opportunity to build your own kingdom: a dream that is more achievable than expected.”
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In fact, buying a private island is no longer just for the rich and famous: studies show that some islands cost less than a house. According to Zillow, the median home price in the United States is currently around $245,000. Sure, private islands with luxury villas, private beaches and stunning views are expensive, but you can buy Nova Scotia’s 2.7-acre Round Island, in the waters of Lac d’en Bas, for just $58,647, while the half-island in Cape Breton, Nova Scotia, price is $59,024 and includes Airstream RV enclosure in the purchase price. Located halfway between New York and Albany on the Hudson River, the forested Naomi Island costs $99,000 and is only accessible by boat.
Using the findings, the official eTA has broken down the islands by cost per acre and created a tool (The Price of Paradise) to help you find out exactly how much your dream island would cost you. According to the official eTA, the cheapest continent to buy an island is South America, where the average cost per acre is $1,147. There, the cheapest place (Chile) costs $405 per acre, while on the private islands of Argentina you can get it for as little as $867 per acre. That’s less than the equivalent of just one week’s work for the average American worker who earns $936 a week.
Islands in the Oceania region are more expensive, averaging $18,537 per acre, while those in North America average $23,516 per acre. Europe is the second most expensive continent where you can buy a private island, with an average cost per acre of more than $68,000. The most expensive place to own a private island is Asia, where island prices average $313,765 per acre.
“Some private islands are cheaper than others due to location and availability,” Forrester says. “For example, some islands may be so far from mainland society that it is too problematic to transport materials to build a house to live in and recreate, let alone import food regularly.”
Isle Of Vaila, Walls, Shetland, Ze2 9pa
Why is buying a private island so attractive? “We live in a 24/7 society, with iPhones, laptops and iPads to keep us connected,” Forrester says. “That’s why having a private island can be attractive because it’s completely isolated from society.”
There’s a catch, though: With so many secluded islands to choose from, choosing the perfect spot is a challenge. You can view all the official eTA data here or read on to learn about the five cheapest islands in the world based on cost per acre, as well as the five cheapest islands based on total sales price and five other private island opportunities.
5. Forest land on the Medway River in Nova Scotia: $71,493 for a plot on a 77-acre island
• “This woman has traveled to every country in the world. Here’s how she did it (and you can do it too): “Sometimes we all need a break from the real world. For those with significant holdings in the bank, their private island could be the ultimate game-changer.
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In the late 1970s, Sir Richard Branson purchased his private island for $120,000. He was 28 years old and Virgin Group was only six. Under restrictions imposed by the government, the new owner had to build a resort within four years, otherwise the island would revert to the state. Branson spent the next three years and $10 million transforming the island into what is now known as Necker Island.
Why a history lesson? Because buying private islands for sale is an art and not everyone is lucky enough to look for their own piece of paradise. From the South Pacific to the United States and Asia, these are some of the best private islands for sale in the world.
Private islands for sale seem like the perfect way to enjoy property on paper, but there are important lifestyle factors to consider before signing your checkbook.
It’s no surprise that legitimate buyers need money, and lots of it. It is rare to hear of island buyers mortgaging the island in exchange for their ownership. At the time of writing, the cheapest private island for sale through Christie’s is located on a small strip of land off the island of San Salvador in the Bahamas. There is no infrastructure in this 10-hectare green area, which is located about 605 kilometers from Miami and costs $1,100,000. The most expensive island currently listed is located right next to Phuket in Thailand, which covers an area of 44.5 hectares (110 acres) and costs $160,000,000. Having the resources is just the beginning.
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Depending on the location of the island, the buyer may have to comply with certain environmental regulations that may make it difficult to establish idyllic island living. Some governments will only allow buyers to develop a certain percentage of their island and if they do, they will have to respect them.
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