Wednesday, October 21, 2020

Island Market

Is San Francisco’s Red Rock Island Hiding Buried Treasure?

(Image Sourced from www.wikipedia.com)

The lone private island in San Francisco Bay has languished on the market for the last four years, most recently listed for more than US $20M. According to its owner, the island may hold a wealth of …Read More: Is San Francisco’s Red Rock Island Hiding Buried Treasure?

Island Market

Orpheus Island caught for a ‘bargain’

Melbourne-based Computershare Ltd founder, Chris Morris, recently bought Queensland’s Orpheus Island (Goolboddi), situated off the North-East coast of Australia on the Great Barrier Reef, 190km from Cairns and 80km (a half hour flight) from Townsville. Morris would not disclose his final price, but is said to have purchased the island for below AUD 10 …Read More: Orpheus Island caught for a ‘bargain’

Island Market

China government offers uninhabited islands for lease

Chinese Island

With the number of wealthy people growing at a fast pace and a change in lifestyle trends, free-time pursuits and individuals’ spending power, Chinese authorities are expecting an increasing interest in island investments.

China – great potential for the private island market

Up until now, the private island market has not been developed in …Read More: China government offers uninhabited islands for lease

Island Market

Will China’s New Island Leases Create a Tourism Boom?

As China opens up a set of small islands for lease, entrepreneurs are planning a new era of luxury resort development in Zhejiang. Are these investors prepared for the challenges ahead?

(Image Courtesy of Our China Daily)

According to a recent article in the China Daily, Chinese officials have …Read More: Will China’s New Island Leases Create a Tourism Boom?

Island Market

Despite US Downturn, Luxury Sales Continue in British Columbia’s Islands

Even with American consumers still mired in an economic downturn, realtors in BC’s island region are seeing robust sales for high-end properties, including luxury private islands.

Scott Island, currently for sale at www.vladi.de

The area that surrounds the southeast tip of Vancouver Island is often considered, by residents …Read More: Despite US Downturn, Luxury Sales Continue in British Columbia’s Islands

Island Market

Fractional Ownership Offered on Private Island in Wisconsin

Hit by the economic downturn, the owners of a private island on Little Muskego Lake in Wisconsin are looking to fractional ownership to keep them afloat. Will buyers be enticed by the shares – starting at just over US $69k?

(Image Courtesy of Muskego Patch)

It’s an all-too-common tale …Read More: Fractional Ownership Offered on Private Island in Wisconsin

Auction Results

Preservation Trust Buys Heavily Discounted Washington State Island

(Image Courtesy of Vendovi Island)

Appraised at over $12M, Vendovi Island’s failed auction in September had a high bid of just $3.3M, and it has now sold for just $6.4M. Have private islands followed the US real estate market downhill?

According to the Wall Street Journal, Washington State’s privately-owned …Read More: Preservation Trust Buys Heavily Discounted Washington State Island

Island Market

The Return of the Luxury Real Estate Speculator?

Speculation fuelled the property boom – and predictable bust – of the last decade. Despite the continuing slump, are these high-flying gamblers back in business?

With United States housing foreclosures hitting all-time records in 2010, and no marked signs of a genuine recovery in the country’s real estate sector, it appears there are few reasons …Read More: The Return of the Luxury Real Estate Speculator?