5 Cheapest Whole Islands
- Round Island, Nova Scotia: $58,647 for 2.7 acres.
- Half Island, Nova Scotia: $59,024 for 6 acres.
- Mill Cove Peninsula, Nova Scotia: $67,730 for 1.68 acres.
- La Cornelia Island, Nicaragua: $90,000 for 1 acre.
- Naomi Island, New York: $99,000 for 5 acres.
Private islands come in all shapes and sizes and can cost anywhere from $200,000 to $200 million, depending on what you're looking for. However, buying an island and building on it is a major investment of both time and money, so it's important to find the right one that's worth waiting for.
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Oh, and it's got cellphone and internet coverage as well, which is essential. So, why is this island so cheap? According to the listing on Private Islands: “Due to a death in the family, the current owner has Iguana Island on the market at a reduced rate and all reasonable offers will be taken into consideration.”
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The smaller islands could cost in the range of about USD 1 million to USD 3 million while their much larger counterparts (250+ acres) in the most popular locations like the Abaco Islands, the Exumas, and the Berry Islands could have prices ranging from USD 30 million to USD 75 million.
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You can find private islands for sale via Private Islands Inc. or Vladi Private Islands, or by contacting a realtor who specializes in big-ticket sales. Additionally, some high-end real estate companies, like Sotheby's International Realty or Christie's International Real Estate, list private islands for sale.
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Iguana Island, a private island in the Caribbean Sea, is on the market for $475,000. It's made up of five acres of land and features a home with three bedrooms and two bathrooms.
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The city of Miami Beach paid iguana hunters $50,000 in 2021 and is expected to quadruple its budget to $200,000 to deal with the lizards. According to WPLG, Commissioner Kristen Rosen Gonzalez suggested a unique approach to the problem in the Wednesday meeting.
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Necker Island, Richard Branson's private island resort in the British Virgin Islands, will set you back $77,500 a night. But Banwa Private Island, a new resort in the Philippines, costs $100,000 a night — the most expensive island resort in the world.
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A number of undeveloped islands have been bought by conservation groups and land preservation groups, so “you pretty much have to buy an island that has a home on it,” Davis said.
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Johnny Depp's Island, Popularly known as Little Halls Pond Cay, it's said that the actor purchased an island, around 18 hectares (45 acres), as he was captivated by the Island while filming the Pirates of the Caribbean movie.
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