Wednesday, December 13, 2017

Auction Results

Breaking: Bahaman Private Island Reportedly Sells At Auction For USD 17 Million

The Bahamas’ largest private island goes for a song, with sources suggesting that Innocent Island was successfully sold at auction for an impressive USD 17 million.

Hog Cay - Photo Courtesy of Vladi Private Islands

Hog Cay – Photo Courtesy of Vladi Private Islands

You heard it here first – Private Island News can reveal that Innocence Island – the largest privately-held island in the Bahamas and latest high-profile island to go to the auction block – has sold for a reported USD 17 million – suggesting that after undergoing a tricky couple of years; the private island market is well on its way to a full recovery.

Set in the glitzy surroundings of the Trump SoHo New York, the auction of Innocence Island – which took place on Thursday May 15th 2014 – had already attracted a lot of media attention, with auction house Concierge Auctions drumming up plenty of international interest in the weeks running up to the unique island property’s auction deadline.

The auction also enjoyed a high level of resonance across a series of social media platforms, and so it was perhaps unsurprising that news of the sensational sale broke on Twitter, with a source close to the auction house the first to reveal that the island had been snapped up for USD 17 million – a considerable reduction on its original USD 55 million listing price.

Hog Cay - Photo Courtesy of Vladi Private Islands

Hog Cay – Photo Courtesy of Vladi Private Islands

Also known as Hog Cay, Innocence Island forms the Bahamas largest private island, covering an impressive 681 acres of native fruit trees, tropical foliage, soft terraced hills, and pristine beaches. Also home to a sprawling six-bedroom / six-bathroom residence, Innocence Island could be used as either a private paradise or transformed into a bespoke tourist development – an option that cannot have escaped the new owner’s attention.

The Bahaman behemoth is also home to its own airstrip – a 2,700 foot long asphalted runway which even boasts its own airport code (MYEY). Fingers crossed the island’s new owner is a fan of the jet-set lifestyle!

The news of the sale of Innocent Island comes just days after Private Island News reported on the successful purchase of Isola Poveglia – a sinister former plague colony in the Venice Lagoon, which was sold at a public auction in Italy earlier this week on Tuesday 13th May, 2014.

Seemingly pointing towards an emerging trend across the private island market, Private Island News has witnessed an increasing amount of international islands going under the hammer during the course of the last 18 months. And with further deals – such as the auction of the Big Grand Cay Island Archipelago Estate – still yet to close, we’re certain it’s not the last you’ll be hearing about this new phenomenon.

Stay tuned to Private Island News for all the breaking stories regarding private island auctions and get involved in the debate by heading over to our social media pages.

 

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