Yet another private island is set to be taken to the online auction block, with bidding for Crow’s Nest Island commencing on 22nd July 2013.
Crow’s Nest Island in Florida looks set to be the latest island to change hands over the internet, with a much anticipated online auction scheduled to take place later this month, between the 22nd July and 25th July, with bids commencing from the a dangerously tempting starting price of USD 90,000.
Located just to the west of Homosassa and only 70 miles to the north of Tampa, the tropical paradise was previously home to a restaurant and already boasts a fully functional desalination plant, a septic tank and electricity, thanks to underwater power lines which connect the island to the mainland.
Tipped for development into either a private estate or a boutique tourism and leisure venture, the island has already generated considerable attention across the online community, with developers, investors, restaurateurs and home builders alike all registering their interest in the tiny Florida gem.
In order to qualify for the auction, bidders must pledge a guarantee of USD 25,000 and be able to transfer a further 10% of the final price on the day of closing. There seems to be no shortage of potential buyers, with several set to inspect the island via pontoon boat later this week and a further ostentatious bidder flying in from Panama City via seaplane.
Formerly listed for USD 1.5 million, the low starting bid and headline-grabbing online platform look set to catapult Crow’s Nest to the forefront of the crowded Florida island market. Indeed, the internet is emerging as an important market place for private islands, as sellers turning to increasingly innovative methods to sell their islands.
To place a bid on Crow’s Nest Island, head over to the Fisher Auction Company.