Before you begin searching private islands for sale, there are a number of things to consider when thinking about investing in private islands, such as, where you are going to invest, the size of the island you want to purchase, current facilities, development constraints and the tax implications of your investment.
Private islands can vary dramatically in price from a few hundred thousand pounds to hundreds of millions and you will find them all over the globe, not just in sunny climates such as the Caribbean.
There are innumerable private islands for sale around the world, from three-acre outcrops in the Aegean to remote eco-outposts in the Bahamas and luxury resorts in the Seychelles and finding the right one for you can be a minefield.
Though we do not have many listed at present, we have access to a large database of private islands for sale worldwide and can help you find the right one at the right price.
For example, in Italy, almost all islands are state-owned and not for sale. Those that are for sale often have strict regulations governing development, though that said, there are still people who want to buy islands they can’t build on. Private islands in much of the Caribbean are governed by British law, making transactions relatively straightforward.
You will not find any freehold private islands in Vanuatu, though leases can be extended without difficulty at any point for a fee.
It is not just the rich and famous who purchase private islands and in the last few years more and more private investors have been seeking private islands for sale, whether for themselves or as an investment.
You can join an exclusive club of private island owners, past and present, which consist of;
Johnny Depp – a 45-acre tropical island in the Caribbean
David Copperfield – 11 islands in the Bahamas
Leonardo DiCaprio – an island located off the coast of Belize
Marlon Brando – a French Polynesian island
Richard Branson – Necker Island
Diana Ross – an island in Taino, French Polynesia
Celine Dion – a private Floridian island
Mel Gibson – a volcanic island in Fiji’s Lau Group of islands
Nicholas Cage – an island in the Exuma archipelago
John Lennon – Dorinish Island in Clew Bay in County Mayo, Ireland, later sold by Yoko Ono
Shakira – a joint venture with Roger Waters – an island north of the Bahamas
Pamela Anderson – given to her by Tommy Lee – an island off the coast of Dubai
Julia Roberts – an island in the Bahamas
Steven Spielberg – an island in Madeira Archipelago off the coast of Portugal
Tyler Perry – an island in the Bahamas
Robin Williams – an island in Pender Harbor, British Columbia, Canada
Eddie Murphy – an island in the Bahamas after previously owning another island
Lenny Kravitz – an island in the Eleutheta archipelago in the Bahamas
Tim McGraw and Faith Hill – an island in the Bahamas
Private Island Owned by Johnny Depp
Private Island Owned by Shakira
There are a few key considerations to decide upon before investing in a private island, such as;
- Type of acquisition
- Additional costs to develop and customise the island
- Local laws
- Development costs
- Personal considerations
- Ability to deal with things on your own
- Time available
Private islands can be bought both as freehold or leasehold. Each model of island ownership depends on both the investor’s personal context and the island real estate market. The market for private islands moves slower than more traditional property types, but there is a constant turnover of private islands being bought and sold around the world.
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