Benefits of Owning a Private Island
You may think you need to be famous or very wealthy to even consider owning a private island, but this just isn’t the case at all. In many cases, some islands cost less than a small house would cost. The benefits are endless. You can have your own little piece of paradise no matter what your budget.
One of the most popular reasons for owning an island is the cost per acre. Some islands are so expensive that they can’t even be considered investments. The area must be fairly virgin rainforest ready for tourism. This means that it must be fairly untouched and without major population centers nearby. Islands that cost per acre to lease or own cost less than a small plot of land would cost for housing in many states.
The other main reason is because an extremely beautiful view of the surroundings can be had and enjoyed. Because an island is out at sea or at a marina, there are beaches along the sides and of course, all the hiking and boating that would be expected for a small town. The cost per acre of private islands is also extremely low, as only a fraction of the expense of housing in a town or city can be attributed to the building and maintenance costs. As long as utilities and services are available, there are few expenses to worry about.
The sunsets alone can provide a feast for the eyes.
Since the island has low lying areas, there is plenty of room for a great deal of natural light. The landscape of the island is perfect for this, with rolling hills and flat terrain interspersed with forested areas and mountain tops. When owning an island, privacy is always an option. Since there is no one to keep you company except for yourself, owning an island allows for much more personal space.
Because of the location of the island, there are many employment opportunities on the island. Hiring employees to work on the island and maintain it can prove to be an extremely lucrative business. It is possible to rent to individuals and families, and also allow private ownership of individual buildings. A lot of the rental income can come from allowing tourists to use the communal showers, as well as the hotel’s amenities. This makes owning a dream come true for any aspiring business owner or investor.
One other benefit of owning a private island is the ability to have an extremely exclusive buyout. In most cases, the ownership is restricted to just two individuals, unless the owner can convince multiple parties of their need for a larger space. Since the island is so close to San Diego, this selection becomes very beneficial to those investors who have access to the funds required for buying. An exclusive buyout can cost thousands of dollars, but since the beaches are so beautiful, it proves well worth the outlay. There are beaches located in the heart of the island, and private areas that are only accessible by a set number of boats. Having an exclusive buyout means that anyone wishing to purchase a beachfront cottage will have very little competition, which can ensure a large sale price.
The island is actually so beautiful that many major celebrities own properties there. Several celebrities made headlines recently, because they were caught on film relaxing on the pristine white beaches. In fact, the California Film Institute bought the island to offer a permanent residence to film experts. This means that owning a beach front cottage is almost like a second home. There are a number of activities that can be enjoyed on the island, and many famous celebrities choose to spend their time there.
All in all, owning a private island is like owning your own kingdom.
It comes with a few drawbacks, such as limited or no access to public transport and not having any stores or services. However, this is minor compared to the benefits. If you really want to have your own paradise, then consider investing in properties on the island. They aren’t expensive and can easily be recouped once the investment pays off. Once you own a beach front cottage, it will become your new home for life.