If you’re a billionaire with a heavy bank balance, owning a private island may very well be on your wish list. And here’s your opportunity to buy one in one of the most pristine island destinations in the world. Yes, you guessed it right – it’s the Bahamas!
Known as Little Pipe Cay, the private island was last listed for $85 million in 2018 and has now made it back to the market for a whopping $100. It spans over 40-acres and is one of around 365 islands in the Exumas, a 130-mile-long archipelago in the Bahamas.
The luxe paradise was developed by the late Michael Dingman, an industrialist and the founder of Shipston Group, an investment company based in the Bahamas. Commenting on it, John Gomes of Douglas Elliman said, “The Bahamas is having a moment.”
He further added that the owners spent more than a decade developing the island. “Effectively, it was a 15-year labor of love. This was very much a passion project for the family,” he said. In all, the island has 22 structures, including living areas and outbuildings that house the island’s power and water systems.
Its main residence measures approximately 5,300 square feet, with three bedrooms and a covered veranda. The island also houses a separate house for entertaining, called the Refectory, complete with a dining area, pub, gym, and spa.
In addition to this, the space boasts four guest cottages, each with two bedrooms, as well as a staff house. Infrastructure wise, it includes a water filtration plant, freshwater storage, and power station, as well as an underground power grid.
Remarking further on it, Fredrik Eklund of Douglas Elliman, in a statement to Forbes, said, “This price reflects the incredible surge we see in luxury home values especially in places nearby the Bahamas like Miami and Palm Beach. I have never seen a more powerful real estate market, and the Bahamas, being a popular tax haven for crypto, justified this price that much more.”
Well, talk about the luxe life!
[Via: Mansion Global]