Now that Larry Ellison's Lanai deal has officially closed, I came across some general guidelines that island-buyers typically follow. Some interesting random facts: a 2-acre island usually starts around $500,000 USD--and despite our world's fledgling economy, asking prices as well as inquiries have considerably grown the past decade.
Even though the prices end up being sky-high once the actual living infrastructure is complete, it's the fragile ecosystems of raw islands which make these kinds of purchases so unique and crazy: "Islands have very fragile ecosystems. You want to make sure you're building with the island, and not against it."
Comments