Private Islands is an Emmy Award winning, American Travel series, produced by AWE (A Wealth of Entertainment network). It features host Amber Wyatt traveling the world exploring luxury resorts and private islands, ranging from the Bahamas to Hawaii. The show focuses on the expansive cultures of each island and the people that inhabit it, while providing viewers with an exotic escape.
Owning a private island is the ultimate dream for many. But with a price tag of up to $200 million, buying one isn’t easily within reach for most. Whether you’re looking to purchase a secluded spot where you can live off the grid or a fully developed tourist destination, you may be surprised to find that some of these tropical oases are actually much more affordable than you might think.
Purchasing a private island is a major investment and involves a lot of legal steps. You’ll want to work with an experienced real estate agent specializing in island properties, who can help you navigate the process. They’ll help you with due diligence, including assessing the ownership of the land and identifying any legal restrictions or encumbrances. They’ll also conduct environmental studies and review development regulations, infrastructure, and amenities.
The price of a private island will vary greatly depending on location, size, and level of development. For example, the Bahamas’ Little Pipe Cay is currently listed for $85 million, while an undeveloped plot of land in Nova Scotia would cost a fraction of that amount. In the South Pacific, a fully staffed luxury private island can run you upward of $40 million.
Cruise line private islands are a popular stop on Caribbean and Bahamas itineraries, but they often lack the intimacy of an actual local island. Instead, guests are shuttled back and forth from their ship by tender boats, a process that can take away from the day’s experience. The cookie-cutter offerings of these slivers of land are also not ideal for travelers who seek to immerse themselves in the local culture.
Purchasing your own private island may seem like an impossible dream, but with the right property and management team, it can be a reality. If you’re ready to take the plunge, start by finding an island that fits your budget and lifestyle. Then, hire an experienced property manager and start planning for a once in a lifetime getaway.