Summary List Placement
In a COVID-19 world, the desire for space and privacy has never been more prominent among prospective buyers.
For those luxuries, people who have the money will spend it. But just how much are they willing to drop — and how far out are they willing to move?
Earlier this month, Manhattan saw a $33 million penthouse go into contract. According to the buyer’s agent, Eric Brown, the main draw was not only the size of the interior space but also the available outdoor space.
“To me, there is a huge push not just for boutique buildings, but bigger apartments with more interior square footage and, No. 1 on the list, outdoor space,” he told Business Insider.
And while $33 million is up there, it isn’t uncommon for people to spend millions upon millions of dollars on homes. In fact, according to a July report by the Evening Standard in London, the number of new high-end buyers looking for homes worth £3 million and up had increased by 53% since May 23 compared with the previous five-year average for that time of year.
But what if that price tag could get you more than just a house?
Enness Global provided Business Insider with private-island listings around the world with similar price points.
The seven islands that made the list are all over the world, including in Belize in the Caribbean and Washington in the US, and range from $4.4 million to $5.5 million.
SEE ALSO: A Louisiana couple bought an 80-year-old general store for $55,000 and turned it into their dream home. Here’s how they did it — and what it looks like now.
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Valiha Island in Madagascar
Size: 95 acres
Valiha Island is a partially developed island in Madagascar. Per Private Islands Online, the island sits in the Indian Ocean and is available only for lease.
“As purchase or sale of a privately owned island is not allowed in Madagascar, Valiha Island is available leasehold, on a 30-year renewable long lease,” the website says.
Big Fish Cay in the Bahamas
Size: 55 acres
Big Fish Cay is a developed island in the Bahamas. According to Private Islands Online, it already boasts completed and partially completed buildings. Additionally, planning permission has been granted for six more condos.
A private-island resort in Belize
Size: 6.5 acres
This private-island resort is in Belize. According to Private Islands Online, it is 9 miles away from Belize City. The resort includes five private beachfront cottages, a large common area, a bar, and a spa. There is also a personal residence for the owner and a marina.
North Saddle Caye in Belize
Size: 4 acres
North Saddle Caye is a developed island in Belize. According to Private Islands Online, the island boasts twin luxury villas and two guest cottages, a 153-panel solar-energy system, and two reverse-osmosis water systems.
Pierre Island in the Bahamas
Size: 16 acres
Pierre Island is a partially developed island in the Bahamas.
“Electricity and water run from …read more
Source:: Businessinsider – Finance