Own your own island in the Bahamas for $80m

December 23, 2009 - Bahamas

If your dream is to buy an island, you need to follow your heart to the Bahamas.

According to a recent report in the Telegraph, the 850-acre L-shaped Great Whale Cay island is up for sale for $80 million.

Great Whale Cay island belonged to "Joe" Carstairs, heiress of the Standard Oil fortune, and was visited by the Duke and Duchess of Windsor in the Forties.

There are historic buildings (Great house, lighthouse, and church), rare flora and fauna and watersports and diving.

This L-shaped island has over fourteen miles of waterfront property surrounded by coral reefs and deep water.

Located at the tongue of the ocean, Whale Cay boasts some of the best fishing and diving in the Caribbean.

But what makes it such a rare and valuable opportunity, according to Giles Gale of estate agency Savills, is the private paved airstrip. "It is unlikely that permission would be granted for the creation of a new airstrip these days," he says.

The key is accessibility - the island is a 50-minute flight from Florida and 10 minutes from Nassau," says Gale.

Since appearing on the market privately last week, there has been a flurry of interest in Great Whale Cay, he says.

"$80 million is actually quite cheap on an acre basis," he says. Last year the 350-acre Bell Island, also in the Berry Islands, sold for $70 million.

Via Telegraph.co.uk - www.savills.co.uk/abroad

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