Who wouldn't want to live on their own private island? A cliché, but more and more people (with great liquidity) are trying to turn that dream into reality.
According to a CNN report, several real estate agencies report a sharp increase in demand for properties on private and floating real estate gems.
One such agency is the Blue Estate Group, which unveiled its plans for a luxury real estate development just a short plane ride from Nassau, Bahamas. Expected to open in 2025, it will be an island of sorts for around 15.000 residents. Prices? Without Borders. From around €20.000 for 20 square meters, to mega villas estimated at over 1 billion euros: an island with certainly exclusive properties.
Treasure Island
Erik Schmidt, Chief Communications Officer for the Blue Estate Group, says “there are no special requirements to become a Blue Estate resident.” On this luxurious “island” residents and visitors simply must respect community guidelines and rules while being able to “self-maintain” life in the floating paradise. Residents will also be able to purchase commercial licenses if they wish, with the strong incentive of not being subject to the usual tax laws.
With the pandemic creating more remote work opportunities over the past year and a half, Schmidt believes Blue Island Estate will offer the best of both worlds. “The world's most exclusive private residence combined with the freedom to choose a 'home base' that best meets their individual needs.”
340 days of sunshine a year
The island itself could be considered a “revolutionary architectural concept”. A self-contained community with everything from its own health clinic to an international school. The floating community will also be eco-friendly and energy efficient, with strict policies on single-use plastics and zero emissions. Energy will instead be produced entirely from renewable resources.
The island will also have a number of entertainment options, so residents and visitors will have something to do while they bask in the 340 days of sunshine that Blue Island Estate expects to receive each year.
But doesn't its location in the Caribbean Sea make the island susceptible to natural weather phenomena like tidal waves and hurricanes?
The Blue Estate Group has also thought of this. The island will be built with “ultra-high performance concrete modules” and protected with external walls nearly 60 meters (200 feet) high. It will also be equipped with hurricane protection to protect it from strong winds and even the ability to be “moved” if absolutely necessary.
With construction expected to begin in 2022, some properties could be available for delivery as early as mid-2023.
