wning your own private island may seem like a dream but in The Bahamas it can become a reality.
According to Neil A. Mactaggart, president of Islands Limited, a 15-year-old Bahamian real estate company specializing in the sale and rental of private islands, a vast inventory of island properties is for sale, developed and undeveloped, costing from $500,000 to more than $10 million.
While development of the islands is relatively expensive, Mactaggart noted that it is still a good investment. Affordable reverse osmosis water systems and a regular mail boat service carrying supplies now make island living possible.
"I have many serious inquiries. People are willing to now pay more for unique properties like this because they find it harder to be secluded,” said Mactaggart.
"Owning your own private island is somewhat eccentric but offers the owner the tranquil, remote setting and lifestyle that people seek. I highly recommend experiencing the quality of life if one can afford to purchase an island and is willing to maintain the cost of running it," said Mactaggart.
Government permission is needed to buy an island but is normally not a problem. If the island is undeveloped, a plan for development will need to be submitted.
Islands are available for private rentals through Islands Limited from $2,000 to $300,000 per week.
Owning your own private island may seem like a dream but in The Bahamas it can become a reality.