Living large, in a small way

We’ve all heard of their mystical existence. But few of us have actually seen one in real life.

Private islands. 

We don’t often think about it, but in the world, there are hundreds of thousands of islands. What happens with them? Some sit uninhabited, but many are considered to be a part of the nearest country’s jurisdiction. Most are then parceled and sold to buyers for whatever they choose, whether they develop them or not.

Islands you find nowadays for sale are grouped into two types. The first is simply a private island. These are owned by an individual or a corporation. These can range from thousands of acres to fractions of an acre in size.  They can be any price, between around thirty thousand up to hundreds of millions of U.S. dollars. The more expensive ones of course tend to be larger and developed. The cheaper islands are most likely small and have no utilities or developments.

However, if you feel that buying your own island would be much too daunting of a task, you could always buy an island parcel. When you purchase a parcel, you are purchasing a plot (or parcel, obviously) of land on an island. You don’t own the entire island, but depending on how much cash you’re willing to shell out, you could own a good chunk of it. Parcels tend to be relatively smaller than islands that are for sale, for obvious reasons. Most parcels can range from one thousand square acres or fractions of acres. Parcels are less commonly for sale than islands, and their prices don’t go quite as high as island prices do. They can range from about forty thousand U.S. dollars to twelve million.  These most likely are more developed and may already have docks or other landing locations on them.

Of course, if the seas make you weary, you can always buy a peninsula. You get the same great experience of an island, without the separation from the mainland. Though typically more expensive, they offer easier access and less hassle. Most would be fairly simple to set up utilities, if they were not already pre-existing. Peninsulas can range from three hundred thousand to about thirty million U.S. dollars. They also are on average larger than many islands and parcels for sale. Their sizes can range from tens of acres to hundreds of acres.

So the next time you’re sitting around, wondering what you should do with the millions of dollars you have just lying around, think about investing in an island. Your children will love it.