Private Bahamian Island Just Listed For $ 100 Million – Robb Report

Why own a vacation home when you can have an entire island? Those looking to really get away from it all this winter are in luck, because Little Pipe Cay, a private island in the Bahamas, hit the market again for $ 100 million. Not a small price, and $ 15 million more than the property wanted when it was first listed in 2018.

What justifies the price increase? Simply put, owning an island is now more appealing than ever. Many moved from major cities to more remote locations last year at the height of the Covid-19 pandemic, and that interest doesn’t appear to be slowing down anytime soon. Little Pipe Cay also has geographic advantages over other islands, as it is located in the Exumas Archipelago, which has 350 islands. So it’s not far from Miami, if you ever want to hit the city for a long weekend.

The 40-acre island is also more built than most on the market, rather than just undeveloped land: six of the structures come fully furnished and are ready to move into. The main residence, for example, measures 5,300 square feet and includes a master bedroom with two bathrooms and walk-in closets. Nearby is a separate entertainment facility, which includes a dining room, pub, spa and gym. There are four guest houses on the property, as well as warehouses and staff quarters. The island’s current infrastructure can be attributed to investor and businessman Michael Dingman, who previously owned the property, according to The Wall Street Journal.

Of course, as incredible as a property like this, maintenance doesn’t come cheap. The running costs add up to around $ 1.5 million, although it is possible to turn this into a lucrative business. The future owner could turn the place into a resort, similar to Sir Richard Branson’s Necker Island, and profit from it.

Or you can keep it to yourself. The crystal-clear waters and panoramic views of the area are certainly worth visiting year-round.

Douglas Elliman’s Fredrik Eklund and John Gomes hold the list. Check out more photos of the island below: