by Fred Fuld III
A couple weeks ago, I reported on a Scottish island that is for sale. If you a little warmer island life, now you have your chance.
St. Andrew’s Island, also known as Little Ragged Island, is the largest private island for sale in the Bahamas. The size is 712 acres and it is located at the southern end of the country.
Little Ragged Island – Credit: Sotheby’s
There are many private beaches and large ships have deep water access on the eastern side.
The island is being auctioned by Sotheby’s with a current listing of $12.5 million with no reserve. There is a 12% buyers premium; however, there is a starting bid incentive [SBI] of 6%. A SBI is a credit to reduce the buyer’s premium by 50% related to the starting bid amount. The Sotheby’s web site has a video that shows how the SBI works.
Little Ragged Island – Credit: Sotheby’s
The island, suitable for developing, has its own private airstrip. What a great opportunity.
Bidding opens on July 25, 2022 at 6 PM EDT.
Little Ragged Island – Credit: Sotheby’s