Tag: island

712 Acre Bahamas Island Up for Auction

Little Ragged Island - Credit: Sotheby's
Little Ragged Island – Credit: Sotheby’s

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

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

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

Little Ragged Island – Credit: Sotheby’s

Invest in a Scottish Island with a Castle: Become a Lord

by Fred Fuld III

Have you ever wanted to own your own island? Hav you ever wanted to own your own castle? Have you ever wanted to have a title of Lord (Laird)?

How would you like to have all of the above? Well you can. An island, The Isle of Vaila, located in Walls, Shetland, Scotland, is for sale.

Isle of Vaila - Savills
Isle of Vaila – Savills

The price? Offers over $2,146,288 are being considered. The island is being offered by Savills in Edinburgh.

Here is what you get as part of the purchase price:

  • Approximately 757 acres
  • A 17th century castellated mansion with 4 reception rooms and 6 bedrooms
  • A 3 bedroom farmhouse
  • A 2 bedroom caretaker’s cottage
  • 18th century watchtower

This island, with beautiful views, has a private shore base into a sheltered bay with a pier.

Isle of Vaila - Savills
Isle of Vaila – Savills

The mansion/castle has four reception rooms and is furnished with the original late 1800s furniture.

So you get an island, a castle, and because the word “Lord” or “Laird” is  generally used to refer to any owner of a landed estate in Scotland, according to Wikipedia, you technically get a “title”, although that is not specified in the listing and would require further research of titles with the Lord Lyon. In the traditional Scottish order of precedence, a laird ranked below a baron and above a gentleman.

So what more could you ask for? Anyone want to go in on this island with me?

 

How About Investing In Your Own Private Island?

Have you ever wanted to own your own island? With a house on it? In the United States? Well now you have your opportunity.

According to the Wall Street Journal, a private Palm Beach island is for sale for only $120 million.

The name of the island is Tarpon Island and the property size is over two acres.

However, the current owner, Todd Glaser, is a real estate developer who just bought the property in July for only $85 million, so he would be making a 41% profit in two months. Talk about real estate inflation!

The owner is giving another option to the new owner. At a price of $200 million, he would provide renovations and additions, subject to changes in construction costs.

The current house is 9,690 square feet, and has five bedrooms and nine bathrooms.